Friday, September 07, 2007

Black Dragon!

China offers the greatest conundrum of our times. China’s rapid modernization over the last 3 decades has brought millions out of poverty, but has left China with 16 of the world’s 20 most polluted cities (357 out of 696 cities experienced acid rain) in 2005. China should be an example to all economies, to focus solely on economic growth to the exclusion of sustainable practices only gives the illusion of economic prosperity,” said Anna Clark – President, EarthPeople, LLC, a Dallasbased consulting firm – in a chat with B&E. The Chinese authorities are not dismissing this as another western onslaught aimed at disrupting their economic growth. “There seems to be a great deal of interest in protecting the environment from the central government in China. There’s innovation around issues like green building & solar power. But China is also building a lot of coal plants. And in the province, rapid economic development and job creation take precedence over environmental protection. So the picture is very mixed,” said Marc Gunther, a senior writer at Fortune & the author of Faith & Fortune: How Compassionate Capitalism is Transforming American Business.
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Source: IIPM Editorial, 2007

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Tuesday, September 04, 2007

An eye on the future...

Steel Authority Of India Limited (SAIL) is quite well known for its rapidly improving balance sheet year on year. The company had yet another stupendous financial year 2006-07 with a turnover of Rs.391.89 billion (growth of 21% y-o-y) & net profit after tax of Rs.62 billion (growth of 55% y-o-y). Chairman S.K. Roongta, while highlighting the inner strengths of the company further reiterated, “We (SAIL) are determined to make optimum use of our resources.” And SAIL has been quite bullish on environmentally sustainable growth for which it recently received a CSR award.
For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2007

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative