Friday, March 28, 2008

‘Spice’ing up the sky! Way to Go

Wherever he went, Thiagarajan has either created or broken records, and now he wants to acquire not one but two airlines
Pilot-turned businessman, M. Thiagarajan of Paramount Airlines is the youngest airline CEO & MD in the world. He was just 27 when Paramount’s first flight took off. But that’s an old story. According to the latest figures of CAPA, Thiagarajan controls 2% market share of the Indian aviation industry. That’s small, isn’t it? Now, suffix a 6 to that figure – 26%, that’s Paramount’s market share in the South which makes it the market leader in that part of the country. However, that is not the only and real reason why he is 4Ps B&M’s Newsmaker of the Fortnight. After the high-profile acquisition of Sahara Airlines by Naresh Goyal’s Jet Airways and the purchase of a strategic stake in Air Deccan by the flamboyant Vijay Mallya (Kingfisher Airlines), Thiagarajan too has ambitious (mark that word!) plans up his sleeve. Grapevine has it that the young entrepreneur plans to acquire a 51% stake in Spice Jet for about $158.53 million and a similar stake in Go Air for $24.4-$36.6 million. With the two deals coming by, Thiagarajan will become the third ‘private’ pillar of the Indian aviation industry which is right now in the consolidation mood.

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Source : IIPM Editorial, 2008

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

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Thursday, March 27, 2008

Convergence of diversification

Now, Nokia wants complete dominance
The dawn of the New Year 2008 will mark Nokia, the world leader in mobility and operating in 130 nations across the globe, adopting a new company structure. That’s when the company will have two reportable segments viz - Devices & Services and Nokia Siemens Networks. The current business group and the horizontal group structure in the device business will be replaced with Devices Services & Software and Markets. The strategy is meant to create an organisation which will be well aligned with future growth opportunities around converging internet and telephony services. “The convergence of mobile communications and internet industries is opening up new growth opportunities for us,” professes Nokia CEO Olli-Pekka Kallasvuo. The basis of the CEO’s prophecy is perhaps based on Nokia’s expectation that the newly proposed structure will prove to be effective in managing the device portfolio and streamline the marketing and production efforts. Perhaps Nokia is treading the same trodden path as traversed by the likes of Motorola and Apple. Nonetheless, it is a rational step as far as its endeavours to change with the changing times is concerned. Plans to divorce the supply chain, sales channel and marketing activities from the product division and further realign them into one unit are also on the anvil. With the focus clearly on the trio, the dream of Nokia, though in its infancy, is to be able to own the entire value chain and then sell it in entirety as a complete package to its customers.

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Source : IIPM Editorial, 2008

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

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Tuesday, March 25, 2008

Cannibalise or crash!

Shorter brand product life-span is in vogue
Feels great to watch people get excited with their newly bought mobile handsets, doesn’t it?! The shine, the oh! so wonderful colour that gives a form to the very magic of telecommunication & the sparkle in the eyes of the owner is indeed worth a watch. Well, that’s not the end of the story though... If you ever catch a glimpse of the same customer, with the very same mobile handset even a month later, you’ll see no change... well, nothing really except the sparkling eyes! And so are the strategies of players in the modern business scenario. And whoa! They challenge the very traditional concept of ‘extending’ a branded product’s life span, and pretty well at that, only proving the concept of dynamic preferences that modern day customers have. He/she doesn’t like common colours, or the very same shapes, or simply, the very same product, no matter how renowned the brand is. Think of it. Nokia walks into the market with its product ‘X’ priced at Rs.25,000. And it’s a hit! The next month, you discover a reduction in the handset price to Rs.15,000! You aren’t surprised for even you know that it’s just a part of its business exercise – to skim the market first, then kill the product and play with volumes... ultimately killing the very product!

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Source : IIPM Editorial, 2007

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

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Monday, March 24, 2008

Who says commoditisation is in?

As part of a growing trend, a plethora of players are joining the retail ‘brand’ wagon with élan...
Think branding and you immediately picture eye catching promotions, colossal bill boards, big ticket celebrities of the day and a plethora of homegrown & multinational giants like ITC, HLL, Pepsi, Dabur et al. But look no further beyond the neighbourhood grocery store, which now even houses branded eggs, rotis, namkeens, brooms & tissues and you can better appreciate why even the biggies are now unable to call the shots where it counts. Yes, the five letter word ‘brand’ now doesn’t tantamount just to the Nikes, Maggis, Reals & Pepsodents. Everything in your household is now being christened and is fast becoming a part of the multimillion- dollar branding mainstream in India. Take powdered spices, which have been on the ‘branded’ list ever since the time a brand named Catch caught the imagination of the Indian middle class like an epidemic of epic proportions.

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Wednesday, March 19, 2008

Growth is good... But then comes the tougher part... hiring!

In a fast pace business scenario, getting talent on board is a real tough ball game...
Q: My company will double in size over the next year, which means we need to bring in lots of employees (as in hundreds) very quickly. Hiring is hard enough at a normal pace. Any suggestion on getting it right while going so fast?
– Lars Dalgaard, Palo Alto, Calif.
A: To start with, congratulations are in order. First, on your success. And second for facing the reality that you could blow it. If there is one way that rapidly growing businesses tend to self-destruct, it is by taking on hordes of new people who cannot deliver the “goods” that made the companies take off in the first place. You seem to know that. Now you just need to know how to stop yourself anyway. Look, we know growth is thrilling, especially when you’ve worked for months, or more likely years, laying its groundwork. If you’re starting something inside a company, maybe it feels like your whole career depends on your new product or service, going from gamble to money-gusher.

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Monday, March 17, 2008

A toothache for Colgate!

Counterfeit toothpaste tubes – being packaged as Colgate – are being flooded in discount stores across the US, in places like New York, New Jersey, Pennsylvania and Maryland, according to a statement issued by Colgate-Palmolive. And the world’s biggest toothpaste-maker is working closely with the US Food & Drug Administration (FDA) to get to the bottom of this shady business. These fake products, the company says, may contain diethylene glycol – a chemical substance that can harm children and people suffering from liver or kidney disorders. Colgate- Palmolive’s statement adds that the fake products can be distinguished by their packaging: The label says that the goods were made in South Africa. Colgate maintains that it does not import toothpaste from South Africa. Also, there are typographical mistakes on the label in the form of incorrect spellings such as “SOUTH AFRLCA” & “South African Dental Assoxiation”. Recently, the FDA issued a warning to avoid using toothpaste that were being sold with the ‘Made in China’ tag – as it was felt that these too contain substances that could be health hazards. And now this! There seems to be some kind of toothpaste hazard in the American marketplace!

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Wednesday, March 12, 2008

Home run...

...towards social awareness!
Those were the days when most baseball players’ life revolved around their performance statistics like batting averages & strike-outs but today they are uniting to unfold all different kind of statistics. Today, most of legendary players are involved in spreading awareness about the Deep-Vein Thrombosis (DVT) blood clots, which kill up to 200,000 people in the US & have started a campaign against DVT called ‘Know The Stats, Know Your Risk’. This game of Whites which is now predominantly a game of Blacks, is a best example in bridging the cultural gap in the US. To promote the game, around $18 billion was donated by major leagues for direct & indirect support for Boys & Girls Clubs of America. The Major League generated more than $3 million in aid for hurricane victims & donated the same to the American Red Cross. In a match to raise funds for the Prostate Cancer Foundation, almost all top players came together for Home Run Challenge & contributed $2.5 million for research. These initiatives collectively raise the stature of the game among the youth & also help in intensifying its presence in almost all major countries. Moreover, the team members of this game comprise players from almost all races... A mini world in itself.

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Monday, March 10, 2008

Snowy abode to turn aqua soon

The ‘Paradise on Earth’ proudly View of Aquarium Bagh- I- Bahu announced the commencement of a ‘paradise’ under water in the Bagh-I-Bahu area in Jammu & Kashmir. This exotic aquatic world is the largest underwater aquarium in the subcontinent. The aquarium-cum-awareness centre harbours about 550 species of fish in its 24 aquarium caves and fully geared laboratories & museums. The phase I of the project has generated Rs.200,000 within the first week of its inauguration. Phase II of the project, where a sea world will be constructed is underway. Aft er Singapore, it’s now India’s turn to get the dough rolling in with this promising tourist attraction.

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Saturday, March 08, 2008

Banking on SBI’s new fortunes

State Bank of India is likely to undergo sea change as the government, which now happens to be the dominant shareholder, in an unprecedented move is willing to infuse capital to the bank. This will certainly provide greater flexibility on the part of the bank to raise funds; help power its growth plan and fuel its acquisition drives. The first quarterly result of the bank has been a robust one, wherein it reported a 78.5% growth. The banking major is expected to close the year with Rs.50 billion in profits.

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Thursday, March 06, 2008

Larry in philanthropy mode!

The fourth wealthiest American and the Chief Executive of the world’s third biggest soft ware company, Oracle, Larry Ellison is in the mood of offloading weight from his shoulders. Over the course of nine months, Ellison would sell off a good 100 million Oracle shares. Now, it is not always that the reason is only about the money, honey! Apparently Ellison Medical Foundation that works for bio-medical research will also be at the receiving end, as Ellison will gift another 2 million shares to the charity. Once, he completes all the planned gift s and sale, Ellison will control about 22.7% or 1.173 billion outstanding shares of the soft ware giant. The philanthropist attitude of American heavyweights has been quite pronounced lately.

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Monday, March 03, 2008

‘CELEB’RATIONS!!

When glitter, light, sweets, joy & family come together, they make a memory. And a special festival only accentuates that memory! B&E spoke to various stars in the horizon to discover what festival rings a bell for them....

RITU BERI
"It has to be Diwali... It's what Christmas is to the world. I love the spirit of the festival. You see everybody dressed in lovely clothes, celebrating, exchanging gift s... it’s beautiful. I look forward to Diwali also because we celebrate my dad’s birthday on the same day. So the entire excitement for the day is doubled... and we make sure that every Diwali, the entire family gets together to rejoice and celebrate

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