The U-Turn

IIPM PUBLICATION

There are several reasons for the U-turn of these PSUs from the verge of bankruptcy. Pre-liberalisation there were hardly any competition for these companies. With no competition as threat and full back up from the government, these companies enjoyed the luxury of being a monopolist over decades, and got used to easy going times and easily earned profits. Over the period, this monopoly led to a lethargic and complacent culture in these PSUs, which finally led them towards their doomsday. But thanks to Prime Minister Dr. Manmohan Singh (Finance Minister at that time) who introduced the policy of LPG (Liberalisation, Privatisation and Globalisation) that revolutionized the corporate India. The opening of the Indian economy proved to be an eye opener for the these organizations, and they realised that to survive in the market they certainly need to change their ways, their culture, their attitude…everything required a whole makeover. And their started the story of a complete revamping of these PSUs which is clearly reflected now in their ever-expanding profits. Of course, it has helped that many PSUs and their bosses have been given a measure of operation autonomy over the last decade or so. As Mehul Mukati, an analyst at Emkayshare points out, “I think that the corporatisation /divestment of PSU’s helps bring in responsibility to the management, and at the same time does give more authority to run these organisations. Yes I think divestment indeed help these organizations”.

Another major factor that has been a major driver of change in these PSUs is the rightsizing of these massively and unnecessarily large organizations. It not only cut down the huge operating costs, but also sent a message to the employees that if they don’t perform they don’t have a place in the organisation. As the GAIL spokesperson says, “The Company while focusing on growth of business has also emphasized on minimizing the costs. This has led to the optimization and increased efficiency in the workforce…”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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A. V. Birla Group and Holcim are Expanding capacities to become the largest players

IIPM MANAGEMENT INSTITUTE

Holcim’s takeovers have not dented the confidence of A.V. Birla Group expansions plans even a bit, as Rajan Kumar, cement analyst at Networth Stock avers, “The expansion is in response to recent aggressive moves by Lafarge and Holcim. Capacity expansion is in order to consolidate Birla Group’s position in the cement industry. Along with the planned 8 MMT expansion of Grasim in North India, the 4 MMT Ultratech expansion would take A. V. Birla’s capacity to 45 MMT by the year 2009.”

Of late, there has been some pressure on the pricing front by cement companies because of inflation. The government came down heavily on the so-called ‘profiteering’ companies and forced cement companies to lower prices. However, lowering of prices worked in the favour of companies as demand generated at lower level was much enough to off set the loss suffered by companies due to lowering of prices. That’s the critical reason why companies in this sector thunder into the B&E list of 100 most profitable companies with some of the most impressive financial results!



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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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The pain & agony of a Palestinian

36TH Full Time Programme In Planning & Entrepreneu...

Of the original 16 refugee camps that were set up to rehabilitate more than 100,000 refugees crossing the border into Lebanon from Palestine, during the Nakba in 1947, only 12 official refugee camps still remain. Of those, the camp at Tal El-Za`tar was ethnically cleansed by Christian Phalange forces at the beginning of the 1975-1990 civil war, whereas Dikwaneh and Jisr el-Basha camps were destroyed by Israeli attacks & Lebanese militia. The remaining camps currently house more than half of Lebanon's 433,276 Palestinian refugees.

The current phase of indiscriminate shelling was launched by orders from pro- West ruling coalition, which claims that Fatah al-Islam group is a tool of Syrian intelligence and has sponsored criminal incidents & attacks on Lebanese troops through Fatah al-Islam, in order to destabilize the government. Oussama Safa, noted analyst on Lebanese affairs, said while talking to B&E from Beirut, “Fatah Al-Islam is a fringe group that has neither the support of Hezbollah nor the patronage of ordinary Palestinians. They are being helped by al-Qaeda in order to counter the influence and popularity of Hezbollah that draws its cadre from Shi'ite sect.” In the wake of Bush administration’s disastrous policy in the Middle-East & its profound assistance and encouragement for Israel to continue its bombarding of Lebanon last summer, the present situation in Lebanon mirrors, in many respects, the early 1980s when several fringe groups sprung up to resist the Israeli invasion & occupation. Nevertheless, there is a difference; rather than being Shi'ite and pro-Hezbollah; Fatah Al-Islam, and likes, are largely Sunni and anti-Hezbollah. Therefore, these fringe groups qualify for the US aid, that are funnelled by Sunni financial backers in league with the Bush administration that has decided to fund Sunni groups to weaken Hezbollah.

The emergence of Fatah Al-Islam is in reality a classic example of “blowback”; very similar to the growth of al-Qaeda as a result of the US support of Mujahiddin in Afghanistan.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Heading North...

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...but only crime persists!

Theft, armed robbery, carjacking, violent assaults, highway robberies, sexual assaults, home invasions are few kind of crimes to start off with, in the democratic republic country Guatemala. Add to this domestic violence which is common in almost every house. The law of land prohibits domestic violence and sexual abuse, but ironically do not provide severe punishment for the same. By the end of year 2005, the National Civil Police (PNC) reported 545 killings of women. Guatemala City has already experienced 299 killings of women till May 2006. As per UN, there are at least 1.5 million illegal arms in Guatemala. In a country with an approximately 12.7 million population, this exponential increase in crime rate will not only devastate the economy, but also will make it most unsafe and undesirable place to live in. The Achilles’ heel of the judiciary and law combined with inadequate resource allocation; impossible for peace keepers to maintain the public confidence.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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