‘Carmichael House’

Turning towards the high-end fashion segment, Indian brands are rolling up to give the consumers strokes of global fashion. S. Kumars lately roped in international brand Escada and is now eying your ‘sweet home’ with their new home textile brand ‘Carmichael House’. “Every body wants a lifestyle brand and bringing all of them under one roof gives the consumer an array of products to choose from,” feels Taroon Joshi, CEO of S. Kumars. With a product portfolio ranging from curtains to coaster, the company is gung-ho taking the brand to 96 cities through exclusive Carmichael outlets (investing Rs.360 crore).

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Source:- IIPM Editorial

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Our tourism calendar of events offer interesting year-round attractions to visitors.

Much like annual religious affairs or cultural carnivals, shopping festivals have now become a yearly tradition, celebrated with as much pomp and fervour. The Malaysia Mega Sale Carnival (MMSC) is one such nation-wide gala that was launched for the sixth time on the 22nd of July this year with promises of a lavish shopping spread to wallow in until September 3. At the spectacular launch, where were demonstrated motifs of Malaysian ‘urban’ and ‘street’ culture with exhibitions of break dance, graffiti art, skateboarding, hip-hop performances and a cappella recitals, the Minister for Tourism, Datuk Seri Tengku Adnan Tengku Mansor reinforced, “Our tourism calendar of events offer interesting year-round attractions to visitors. Such events include large-scale shopping carnival like the Malaysia Mega Sale Carnival, the National Water Festival and the Colours of Malaysia Festival... These events are just the prelude to what tourists can expect when they visit the country next year during Visit Malaysia Year 2007 when Malaysia celebrates its 50th independence anniversary.” As the venue, the Bukit Bintang area of Kuala Lumpur – one of the many shopping addresses of renown in the city – dazzled, there were all hints of great deals on an expansive array of goods up for takes.

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Source:- IIPM Editorial

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THE EXPORTS DILEMMA

Though the quantitative ceilings on sugar exports were removed from the otherwise heavily guarded and controlled sector in the year 2001 by the government, it is regularly accused by players of not allowing the same in reality; as explained by S. L. Jain, Director General of Indian Sugar Manufacturers Association (ISMA), “The government has not done enough on its part; Krishi Bhavan still restricts exports to raw sugar importing companies.” That’s a pointed fl aw, especially when the government is preparing to allow the sugar industry to become a net exporter, with an export target of 1.5 million tonnes being set for SY-07.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

The great Wall of Mart bows low!

The retail giant, Wal-Mart that was labeled as union-unfriendly by the All China Federation of Trade Unions (ACFTU) witnessed thirty of its employees (belonging to their branch in Quanzhou) set up their first union in China. Wal-Mart, which set foot on Chinese territory in 1996, currently runs 60 stores there and has always shown willingness to work in confirmation with Chinese laws. However, until some time back, the ACFTU had been pressing upon Wal-Mart to form a trade union. The behemoth has plans of employing a work force of around 150,000 people over the next five years.

For complete IIPM article IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Lord of the Rings

According to Supreet Bahmra, Technical Director at Maya Academy of Advanced Cinematic (MAAC), “Both motion capture & digital reproduction technologies are changing the face of animation industry. Contour is undoubtedly a more efficient technology as it digitally reproduces a real life image. Movies like Antz had Sylvester Stallone playing the character of Antz and British actor, Andy Serkis, played the role of Gollum (in Lord of the Rings), all based on the motion capture technology. With Contour technology, the animation movies will have even more real life animated characters.”

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

IIPM Curriculum

"Winners All The Way ! ! ! IIPM's Full time & Integrated programs in National Economic Planning and Entrepreneurship are in a different league. Students are exposed to case studies & industry projects apart from undertaking tours to countries in Europe & US under the GOTA program, providing entrepreneurial outlooks to students..." {Source: The Times of India, June 2002}

"IIPM's initiatives exposes students to international management practices of global organizations... IIPM's alliance with IMI, one of the top three business schools enables IIPM students to get joint globally recognized certification..." {Source: Financial Express, June 2002}

"What makes IIPM programs different? The focus of the Full time & Integrated programs is National Economic Planning... The students visited organizations like Nestle in Vevey, Switzerland, Federation of Swiss Watch Industry (Bienne), Sulzer (Winterthur), IMD Lausanne etc. This international exposure not only broadens the students' horizons, but also brings them at communication terms with global management professionals..." {Source: Hindu, May 2002}

The integrated and full time programme in national economic planning and entrepreneurship provided by IIPM (which are superior to standard MBA and BBA programs), alongwith IIPM's Fellowship, Executive Education (and Global Opportunities and Threats Analysis programs where students visit organizations like the United Nations (Geneva), World Bank, ILO, Nestle S.A. Vevey, IMD Lausanne, Credit Suisse etc.) have created some of the highest standards in the management field.

Full time Programme in National Economic Planning and Entrepreneurship (leading to the award of the MBA degree from IMI): This is the renowned two year full time Master's residential program that leads to the award of the MBA degree from the International Management Institute, Belgium, one of the Europe's leading business schools. Offered currently at the Asian (New Delhi, Mumbai, Pune, Bangalore, Chennai, Ahmedabad & Hyderabad) campuses of IIPM, students have the option of transferring their credits to IMI Belgium and continuing their studies there. Students study core subjects in the first year related to various areas like National Economic Planning, Marketing, Personnel & Industrial Relations, Finance & Accounting, Production, Quantitative Techniques, IT Systems and various other term papers. In the second year, students have to undertake compulsory specializations related to Marketing & IT. Apart from these two compulsory specializations, students have a choice of taking up an additional specialization, namely Finance or Human Resources. Students in the second year also study advanced core papers like Business Policy & Strategic Planning, Mergers & Acquisitions, International Marketing etc. Students have to submit a thesis dissertation at the end of the program. Interestingly, this IIPM program has been rated as covering at least 33% more credits than any other MBA course in the world. Visit the link on Faculty to view the intellectual strength behind the Full time Programme in National Economic Planning and Entrepreneurship courses and the subjects covered. Students join the best companies in the world after passing out from this course. Please visit the link on campus placements for more information. Also visit the link on application details for information on how to apply.

Integrated Programme in National Economic Planning and Entrepreneurship (leading to the award of the BBA degree from IMI): The Bachelor's program at IIPM is ranked amongst the best programs for undergraduates in India. This is a three year full time residential program that leads to the award of the BBA degree from the International Management Institute, Belgium, one of the Europe's leading business schools. As mentioned previously, the Bachelor's program is currently offered at IIPM's Asian campuses in New Delhi, Mumbai, Bangalore, Chennai, Pune, Ahmedabad & Hyderabad. In this IIPM program, in the first year, the IIPM students have to study the foundation courses related to areas like Marketing, HR, Finance, Foreign Languages, Culture, Executive Communication, Quantitative Techniques, General Awareness, History & Literature, Introduction to Management, Introduction to IT systems. In the 2nd year, students have to undertake core subjects related to various areas like National Economic Planning, Marketing, Personnel & Industrial Relations, Finance & Accounting, Production, Quantitative Techniques, IT Systems and various other term papers. In the third year, students have to undertake compulsory specializations related to Marketing & IT. Apart from these two compulsory specializations, students have a choice of taking up an additional specialization, namely Finance or Human Resources. Students in the third year also study advanced core papers like Business Policy & Strategic Planning, Mergers & Acquisitions, International Marketing etc. Students have to submit a thesis dissertation at the end of the program. The IIPM integrated program is unique in the aspect that students in the final two years undergo as rigorous a course schedule as in the Full time program. Most importantly, these IIPM under graduate students, after working for two years in the industry, are automatically awarded the MBA degree from IMI. This allows the Integrated students to achieve an industry standing that is comparable to MBA graduates, at the same time allowing a time saving of two years. Visit the link on Faculty to appreciate the top notch faculty teaching at the under graduate programme and the subjects being covered. Another important aspect of this program is that students have the option of transferring their credits to IMI Belgium and continuing their studies at IMI. Students join the best companies in the world after passing out from this course. Kindly visit the link on campus placements for more information. Also visit the link on application details for information on how to apply.

European Exchange Program with IMI: Considered one of the most valuable learning experiences at IIPM, all students of IIPM who successfully complete the first year of their programme at IIPM in India are eligible to go to IMI for the duration of one trimester in the second year. The students would stay & study at the Antwerp Campus of IMI in Belgium. The students would get the opportunity to interact with international faculty as IMI faculty includes various American, European & Asian professors. Students would be in the midst of truly multi-national student groups as IMI students belong to various parts of the world. During the course of this study, the students would be taken on corporate & academic tours to Brussels (Belgium), Paris (France) & Bruges (Belgium). This would provide the most invaluable opportunity of understanding how global organizations work.

Three segments of Power Sector (IIPM Publication)

It is a truism that no country can achieve sustained economic growth without intellectual capital. But for Caribbean and African nations, the crisis is immediate and desperate. More than 80% of qualified doctors leave these countries for greener pastures in Europe, North America, Australia and New Zealand. Already on the verge of collapse, the public health systems in these countries would truly go down under. Something urgent needs to be done by the international community to stave off this looming crisis that threatens poor nations.

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Source:- IIPM Editorial, 2006

It is rudimentary economics really. The power sector can be divided into three segments: generation, transmission and distribution. In the good old socialist era, SEBs used to handle all these functions. In the reforms era, they have been bifurcated and different agencies handle each segment. Yet, these ham-handed reform efforts have created more problems than solutions in each segment.



Source:- IIPM Editorial

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Copyright:- IIPM - 2006

Well, this is seriously X-rated...!!!

SEC should clear its own fault lines before blaming rating agencies

It seems as if the bosses at US Securities and Exchange Commission (SEC) have never heard the famous comment from British writer Douglas Noël Adams (of ‘Hitchhiker’s Guide to the Galaxy’ fame), which goes like this, “It is a mistake to think you can solve any major problem just with potatoes.” SEC is all set to bring in the ‘Credit Rating Agency Duopoly Relief Act’ (this was cleared by the US House of Representatives on July 12, 2006), to enhance credit rating quality by allowing competition and by curtailing the duopoly of Moody’s and Standard & Poor’s (S&P).

At present, out of the five Nationally Recognised Statistical Rating Organisations (NRSROs), Moody’s Investors Service and S&P control over 80% of the market share. And SEC wants to reduce the same by dismantling NRSROs to allow rating agencies with even three years of experience to register with SEC as ‘statistical ratings organisations’ (SROs).

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

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The self proclaimed citadel of democracy walks the street of greed

In terms of compensation, even if there exist stark differences between a dead American soldier and a dead citizen of the countries where the American bombs have rained, this utterly selfish treatment meted out to American veterans points to the obvious rationale of the US administration. And that rationale rests in the scathes of rubble and the oil that flows through the streets of Iraq. Destroying & rebuilding both are most profitable businesses. The US administration knows it, and for it, a few thousand lives of collateral damage in terms of American or non-American blood, is nothing but cheap.

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Source:- IIPM Editorial, 2006.

Editor:- Prof. Arindam Chaudhuri

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