Showing posts with label Prof. Arindam Chaudhuri. Show all posts
Showing posts with label Prof. Arindam Chaudhuri. Show all posts

Thursday, October 25, 2012

KUNWER SACHDEV, CEO AND MD, SU-KAM POWER SYSTEMS LTD. The Gift Of Life

Passion is… involvement and focus.
Processes and systems are important since… they are the only long-term solution.
I am most influenced by… Ratan Tata.
People are my most important asset because… they make or break the organisation.
My idea of a reward for a job well-done is… a pat on the back; appreciation in public.
Employee attrition can be handled by…involving and engaging employees.
The secret for a business’s quantum leap is… continuous evolution and learning.
Leadership is… being the role model.
My most cherished possession is… my company’s R&D.
On your bookshelf, you’ll find… The Drama of The Gifted Child; The Forty Rules of Love; and, Gifted Grownups.
My greatest extravagance in life is… the life I am living.
My dreams for tomorrow are… to try and do things today.
The most valuable lesson I have learnt is… look at things from others’ perspective.
The most important quality that youngsters must imbibe is… stability, be it in relationships or at work. Click here to read more...

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IIPM : The B-School with a Human Face

Wednesday, October 17, 2012

Executive Focus

Q. What is the business agenda for the coming year?
A. Our vision is to continue to build a strong and profitable network of exchanges; to expand and provide liquidity and risk management solutions to the developing and emerging economies of our region; and, to identify national and regional markets for our products. Our domain expertise will enable us to introduce trading in new asset classes on our tech-centric exchange platforms in different regions. We will vigorously pursue our mission of increasing access to markets.

Q. What is the next project you wish to undertake?
A. While my role encompasses technology and operations, my role as the Director of HR is surely the most challenging. Our HR vision is to make our company the most preferred employer, which I am sure we will soon achieve.

Q. What HR initiatives are being taken up for this?
A. Some of our HR initiatives include:

1. DOST (Dedicated to On-Boarding Support and Training): Assigned to every new joinee for three months.
2. AIMS (Acquire, Improvise and Maximise - Skills): In-house learning and development initiative to regularly conduct functional, technical, and development programmes.
3. Group HR Zone: Online HR interface for members to avail various HR resources such as policies, procedures, articles, etc. It also provides information on training and development and performance management activities
4. Listening Post: Dedicated to employee grievances and concerns. A senior HR professional conducts a one-to-one discussion with the employee to understand the concerns. These are taken as action points for improvement. We also have an anti–harassment cell.
5. Employee HRIS: Automated self-service modules such as Leave Management, Payroll Processing, etc.
6. Group interaction events: Such as the recently concluded JOSH 2011, our Annual Sportz Meet.
Our people practices have won us many awards and accolades, such as: award for Innovation in Retention Strategy in the Employer Branding Awards 2009-2010; Global HR Excellence Award 2009-2010 for the most innovative HR practices; and, Excellence in HR through Technology and Innovation in Recruitment strategy at Employer Branding Awards 2011. Our top three goals in becoming the most preferred employer are: a powerful and highly-valued employer brand; high levels of employee engagement; an environment which can engender an unparalleled and global learning experience. click here to read more....

Read More IIPM Related Articles
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face

Thursday, October 11, 2012

She Writes Story Contest winner: Belinder Dhanoa

Belinder Dhanoa is one of twelve winners of the MSN-Random House She Writes a Story Contest', as chosen by our judges. Her story 'A Boston Brahmin' features in the 'She Writes: A collection of Short Stories' published by Random House India and available at all leading bookstores.

Belinder Dhanoa is a writer and an artist, with a Masters in Fine Arts in Art Criticism from the Faculty of Fine Arts, MSU, Baroda, and another MFA in Visual and Cultural Studies from the University of Rochester, New York. She is the author of Waiting for Winter and her second novel Echoes in the Well is due to release soon. She has also written several books for children and researched and documented Contemporary Art of Baroda, which was published as a book by the same title. She is currently involved in developing and teaching post-graduate courses in creative writing at the New School for Culture and Creative Expression at Ambedkar University Delhi.

read an extract from belinder dhanoa's story 'a boston brahmin'
If her fate had decreed that she be a world leader or a teacher, or even an official in the tax department, Rina believes, then she could have ended up as the Prime Minister or the Principal of a school, or even an official in the tax department. But she is the stay-at-home wife of a junior Vice-President of an investment bank who sometimes wishes that she had more control over the circumstances of her life. This is just her fate. Or so she thinks.

Rina shrugs off her dissatisfaction. Her surroundings are really so beautiful after all, that it is difficult to remain discontent. Sailboats on the river, puffy white clouds floating with carefree abandon across the blue sky, and all those wonderfully healthy-looking people-walking, running, even sunning themselves so purposefully. She watches the scene with gratification and does not notice the grime etched into the wooden bench on which she sits or the plastic bag with leftover lunch thrown under it. She does see the dazzling ripples of the water, and she does feel the cool breeze. She sees the fresh green of new leaves pushing against the blossoms to make their presence known. And she feels all the satisfaction of knowing that she is where she wants to be. Rina is in Boston. Or technically, as she might put it, in Cambridge, sitting alone by the Charles River, and enjoying a glorious mid-spring day all by herself.

'I will manage to spend the days by myself here with ease,' she thinks. 'It's so gorgeous; I could sit here all day, or at least half the day. Time will just fly. And then there's the shopping I have to do for dinner, and the cooking. I could maybe do without a maid and clean the house every other day by myself. That should keep me occupied. Then I could read a little, and watch a little TV. Who knows, I may even make a few friends and we could meet over tea or go out for a movie.' A chilly southern breeze bursts her little bubble of thoughts, making her pull her cardigan tightly across her chest. She stands up and slings her handbag on her shoulder, looks quickly around to make sure she hasn't dropped anything, and then waits for the lights to change so that she can cross Memorial Drive. It is a short walk to their apartment, a modern two bedroom, two bathroom set in a large complex close to the MIT.

in her own words: belinder dhanoa Have you always been a writer? What made you start writing? Yes, I have always been a writer, but it took me a long time to call myself one. I believed, you see, that only those with the talents and abilities of a Marquez or a Faulkner had the right to call themselves writers. Today I don't feel the necessity to define or restrict myself within any categories, but I do believe that if you write every day and it is your primary focus, then you are a writer - a good writer or a bad one is another matter.

What inspired you to enter She Writes?
I can't for the life of me remember how or when I entered the She Writes competition. I do know that I saw the call for stories a few days before I was to leave for a vacation, and I assume I must have written up and sent the story in before leaving. I am a little disturbed to find that I remember so little of how I entered the competition.

Why did you choose the category you did?
I did not think of a particular category when I wrote my story, and if the phrase 'frankly my dear, I don't give a damn' had not fitted into my story seamlessly, I would not have used it, and not sent the story in. The phrase, however, allowed for so much scope in its use, and also for so much irony that it was easily worked into my story.

Do you have a writing routine - e.g. do you have favourite places to write/favourite times of day/do you write longhand or on a computer? I write on my computer - though did not start as a writer on a computer. My first manuscripts were handwritten and then typed. My novel Waiting for Winter was typed, (on a precious Olivetti 'laptop' equivalent) and submitted, rather rashly, without a copy in my possession. Fortunately there were no problems.
I do not have a writing routine, but do write at my desk at home. You won't see me working on my laptop in cafes or other public places.

Who is your favourite author?
I have several favourite authors - among them William Faulkner, Doris Lessing, Saul Bellow, Milan Kundera - my current favourite Murakami. At different times the works of different authors have have enriched my life. While reading Dostoevsky as a young adult I never believed I would be as moved by any other writing - but I have been.

Which book has inspired you the most?
If I were forced to pick out one book that has inspired me, it would be Thomas Wolfe's 'Look Homeward Angel'. That definitely stands out among the many 'books I wish I had written.' Another is 'The Grass is Singing' by Doris Lessing. I do not enjoy the process of listing - and especially not of books and authors I love and respect - and everytime I write one name, another one jumps into my head. 

Which key piece of advice would you give to any other budding writer?
I would tell young writers - write every day.

Thursday, May 17, 2012

Patriotism as the big idea !

Are patriotic ads necessary reminders to today’s consumerist and self-absorbed generation about the history of our great Republic and her Founding Fathers? Or mandatory, annual exercises of lip-service following tradition, in typically sarkari manner? 4Ps B&M’s Consulting Editor Monojit Lahiri attempts a checkout.

It’s really quite interesting … and not at the same time. Every year, each time a birth or death anniversary comes around, the nation suddenly goes freeze frame on all scams and consumerist distractions, and slips into the (studied?) sombre, restrained, sober patriotic mood defining the moment! PSUs and corporations (forever on-the-make) quickly leap on to this bandwagon with ads eulogizing the theme of the day and connecting it – with different degrees of credibility and success – to their organisation’s brand values and vision. Question is: Is this for real? Genuine pieces of communication celebrating the spirit of a momentous day with galvanizing, insightful, uplifting & creative evocation of words and visuals that touch a chord... or merely hollow posturing, doing the done-thing for the sake of political correctness?

“It’s plain, unadulterated waste!” 20-year-old Akhilesh Varma comes on strong, firing on all cylinders convinced that this “humbug has just got to stop!” The Pune-based MBA student’s take is simple. The intent is all wrong. “Do these PSUs and corporations really understand, care and feel the importance of this day? For them it’s a platform to advertise/publicise the connect between the occasion and their organisational product/brand, values any-which-way, and this is clearly evident from the amateurish, predictable, boring sycophantic prose and corny visuals presented. Who commissions them, who creates them, who looks at them, reads them and remembers them must remain a closely guarded secret between them... And does anyone give a damn about these ads the next day when they grace the-dustbin?!” says Varma.

Celebrated dancer and passionate champion of Indian art, culture and tradition, Sonal Mansingh however refuses to be cynical or irreverent and brings her own spin to the table. In fact, she raises a counter-question. “Why do we remember or commemorate birth/death anniversaries of our parents, grand parents and loved ones? Do we remember them, everyday? Why do we celebrate festivals relating to Lord Rama, Krishna, Ganesha and the entire pantheon? Are they on our radar, all the time? No… but there are two simple reasons. One, because it is a part and parcel of our rich, cultural heritage and ethos… something that is an intrinsic part of our DNA. It comes naturally to us, Indians. More importantly, in an increasingly Google-driven and technology-led time with consumerism’s signature tune of I-me-myself blasting away, these ads epitomize the values and vision of our great departed leaders, what they lived… and died for. They serve as role models and inspirational benchmarks so critical in today’s materialistic and confused times. It tells us that human values of love, courage, truth and pluralism make for a rewarding life. I believe they should be viewed positively and there is much to be learnt from these ads,” Sonal tells 4Ps B&M. Filmmaker Muzaffar Ali agrees. While he concedes – being an ex ad-man himself! – that many of these species may not quite make the cut as torchbearers of great advertising “the heart is in the right place and the intent is spot-on. That matters most. What’s wrong in using these events to showcase our amazing composite culture and all that a true great Republic and Democracy symbolizes? I know patriotism may not be as cool as Kolaveri D, but to mock and ridicule these ads is poor form.”

Neither veteran advertising professional Tara Sinha nor Ogilvy’s Executive Creative Director Sumanto Chatterjee unfortunately are on the same page – or book – with the arty twosome. While Tara believes “it is a colossal waste of taxpayers’ money and reams of newsprint with zero returns,” Sumanto admits, “it is silly posturing and shadow boxing with communication capsules that strain, mostly unsuccessfully, to achieve a cosmetic connect between the organisation/brand and the event of the day. Totally unconvincing and irrelevant, they usually end up devaluing the entire meaning of the occasion.” Both believe that it would be far more effective if the money spent could be used for people-specific, community-related programmes addressing key causes and concerns to better their quality of life and god knows, there are scores of them! “Event management not brain-dead advertising is the need of the hour,” says Tara.

So what gives? While it is unfair to totally dismiss all ads and communication appearing on these days as garbage, a serious rethink and review by the powers that are is definitely in order. After all, surely these ads have an agenda beyond blindly following herd-mentality, as suggested by their acerbic critics? Mile Sur Mera Tumhara… Hamara Bajaj, Pepsi’s amazing freedom ads commemorating India’s 50th year of Independence are some outstanding examples of how to achieve a memorable brand-fit that enhances brand equity of the product while not devaluing the essence of the occasion. The critical task is to convert this challenge into an opportunity that resonates with the reader in an engaging way. After all, don’t special days warrant special ads?

Can they do it? Will they do it? Let’s wait and watch...

For more articles, Click on IIPM Article

Source : IIPM Editorial, 2012

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in the league of best management institutes of India.....
IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
Planman Technologies
IIPM Contact Info

IIPM History
IIPM Think Tank
IIPM Infrastructure
IIPM Info

IIPM: Selection Process
IIPM: Research and Publications
IIPM MBA Institute India

Friday, April 13, 2012

Emerging Online Retail Trends

Smartphones, Tablets and Internet...all of them are changing the consumer’s shopping experience for ever. As gadgets find more takers, shopping through devices is hitting new highs. While 17% of the U.S. tablet users check out products through their devices on a daily basis, close to 13% of the U.K.’s smartphone users have started doing a real-time price comparison on their handsets. And 36% of smartphone users in the U.S. buy products through their phones while present at stores.

Phone shopping on the rise

A survey conducted on UK-based consumers, who use smartphones, found that the most common use is to find out a store location, while taking a picture of the product remained the second most popular retail-related activity performed on smartphones. A look at the top 10 activities indicates that users are increasingly using their smartphones to gather information and key details of products before purchasing products and services. This is evident from the fact that activities like contacting friends and family via text, comparing prices and finding best buying deals via smartphones are on the rise.

Using tablets for shopping

Nearly half of the tablet owners in the U.S. made a purchase on their tablet indicating the growing importance of this media channel to the e-commerce market. For that matter, tablet users exhibited considerable use of their devices through out the purchasing process. While 56% looked up for product and price information for a specific store, close to 54% read consumer reviews and ratings before they purchased. Considering the increasing use of tablets, for retail brands, the platform may soon become a very critical part of their comprehensive digital marketing strategy.

For more articles, Click on IIPM Article

Source : IIPM Editorial, 2012
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in the league of best management institutes of India.....
IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
Planman Technologies
IIPM Contact Info

IIPM History
IIPM Think Tank
IIPM Infrastructure
IIPM Info

IIPM: Selection Process
IIPM: Research and Publications
IIPM MBA Institute India

Thursday, March 22, 2012

How Customers Influence the Evolution of New Products

Innovation is happening all around. But companies that are careful in understanding how consumers use a particular product are the ones which succeed in the long run.

How customers use a technology generates important information about its performance, design, and operational characteristics. As customers began to use the automobile in hilly and wet terrains, for example, they learned about issues with waterproofing and engine power. What customers learn plays an important role in the technological development of the product.

However, customers may use the technology in different ways. Previous research observed that urban customers used the car primarily for transportation, but some farmers used it as a stationary source of power on the farm. Often, these various applications converge to a dominant use of the technology – transportation still is the primary use of automobiles. Nevertheless, variation and dominance in use influence what is learned and expected of the technology, influencing subsequent technological changes.

Prevailing theories on innovation and industry change explain technological development as an evolutionary process in which certain technological designs get selected and retained. Early on in the automobile industry there were several different engine designs, but the combustible engine emerged as the dominant design within the industry. The selection and retention of certain technological designs significantly impacts competition within the industry and influences which companies thrive or fail. However, these theories focus on the technological development within an industry without paying much attention to the learning processes associated with customers applying the technology.

In my research titled “Dominant Use, Technology, and Industry Evolution,” I consider the role customer learning plays in this evolutionary process, in particular, the effects of variation or dominance in use. Establishing a dominant use during the early introduction of a technology helps establish its agenda and stimulates industry growth. If the dominant use persists, it further reinforces the technological standard. However, extended use of a technology can facilitate customers learning new uses that change how they evaluate it, leading to new market opportunities. Finally, the competitive impact of a radical new technology depends in part on how customers actually use it. If customers use the new technology as they did the old, then established firms have an advantage even if they have difficulties developing the new technology.

To illustrate his point, I extensively analyse the history of how the manufacturing industry used manufacturing planning software – applications that help these firms plan and manage the production of their products. Records of meetings of industry professionals and contemporary surveys, as well as data from industry analysts, software firms, and consultants, makes a case for why competition within industries like software is best explained by looking more broadly at how customers actually use the products.

Dominant Use and Software Industry Growth

The manufacturing industry’s use of planning software can be divided into three evolutionary periods: 1954 to the 1970s, when software was first introduced and culminated with Material Requirements Planning (MRP) becoming the dominant use; the 1980s, when manufacturers expanded their use; and the early 1990s, when a radical technological change occurred and Enterprise Resource Planning (ERP) emerged as a dominant new use.

When the computer was commercially introduced, large manufacturers were some of its earliest adopters. To make these machines useful, they developed many different software applications, including manufacturing-oriented applications. These early adopters were concerned about managers thinking that these programmes would replace them, so they purposely focused on automating existing routine tasks. General Electric’s well-publicised implementation at its Major Appliance plant in Louisville, Kentucky, in 1954 exemplified this perspective – it focused on “eliminating the drudgery of office work” and avoided automating managerial decision processes in fear that the manager would “throw his hands up in despair.”

Surveys during this time indicate that manufacturers implemented a wide variety of software applications, ranging from inventory control to machine planning to production planning systems. By the early 1970s, however, this variation started converging toward the dominant use of MRP, largely because of the efforts of the “MRP Crusade” by the American Production and Inventory Control Society. MRP represented a new methodology to manage inventory requirements, and the software systems integrated managerial decision-making with the routine tasks. By 1975, it was estimated that 700 manufacturing firms had implemented an MRP solution.

For more articles, Click on IIPM Article

Source : IIPM Editorial, 2012

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in the league of best management institutes of India.....
IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
Planman Technologies
IIPM Contact Info

IIPM History
IIPM Think Tank
IIPM Infrastructure
IIPM Info

IIPM: Selection Process
IIPM: Research and Publications
IIPM MBA Institute India

Thursday, February 16, 2012

Advertising - Hotspots and Rankings - They came, we saw and everybody reviewed!

An ad is a product of painstaking craftsmanship. Various elements, ranging from positioning of the product, clarity of the idea behind the product to visibility of the brand, its persona and the power of communication have to be intelligently weaved together. But while some ads manage to rewrite preset creative benchmarks, some go the wrong way, fall by the side and fail to excite viewers. In this section, we review three ads that came out tops, for the right and also for the wrong reasons.

Almost there

Advertiser: Indigo Airlines
Baseline: On time
Agency: Wieden+Kennedy

4Ps B&M Take: To be honest, we really didn’t want this ad to be on this side of the table. Having fawned over it for a week, not ranking it as one of the top three hurts us. But there is a reason behind this decision; we might like the creative, but then it has to also be ranked from the perspective of how well it was comprehended by the target audience. You see, for the whole first week we coincidentally saw this ad on muted TV sets (in our office), thus getting attracted by the visuals and visuals alone; with which we still don’t find any fault. In fact, the concept of a flight crew doing a charged up Broadway musical to explain the vision and mission of the airline along with its working procedure, advantages, expertise and a subtle brief on the services that it provides makes for a very interesting watch (but of course, copied from the Facebook ad). Wieden has adopted a very fresh approach to airline advertising; moving away from the industry standard of showcasing the aircraft fleet with the crew donning a very professional and boring run of the mill demeanor. Not only is it drawing everybody’s attention, but it has also managed to reach out to its target audience – the well bred frequent fliers – and convince them to at least give them a chance. It scores huge on brand recall; but some would argue that the commercial is a tad too long. And if you happen to be in front of the TV for more than an hour a day, chances are you would have seen this commercial several times and that is when it starts to lose its appeal – although the girls featured look as attractive the nth time as they did the first time (duh! but yes, we love them!). Add to it the fact that there’s practically no levity. Outstanding cinematography, super positioning, zero humour, and they missed the top 3!

Watch out for that rock

Advertiser: Big Rock
Baseline: Fashion, Budget Shaadi
Agency: Ideas@Work]

4Ps B&M Take: Our views on this advertisement are not a result of an urge to whine. The complaints are inspired solely by the advertisement. Starting with a bad concept followed by poor execution, the ad is further marred by a poor sense of humour/unappealing cast. No matter how hard you try, it becomes extremely difficult to justify the logic behind this commercial. Why would you be interested in watching someone styling the chest hair of his customers on TV, no matter how imaginative the designs might be? And just how does it connect to the brand to be promoted? For almost the entire campaign, you are left wondering about the purpose of the advertisement, if not to sell some new form of hair trimmers that style only your chest hair. The only way the ad connects with Big Rock is that the viewer is hit by a big rock when he learns of the true intent and purpose of the advertisement. Equally bad is it’s sister commercial themed on budget shaadi. In this one, you can’t even comprehend that there is a budget shaadi going on, let alone realise why such a wedding was depicted. The idea of showing weird businesses is really to convince viewers that any business can work with a website (like it did earlier). But chances are high that you will change the channel before the message can be driven home.

For more articles, Click on IIPM Article

Source : IIPM Editorial, 2011.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in the league of best management institutes of India.....
IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
Planman Technologies
IIPM Contact Info

IIPM History
IIPM Think Tank
IIPM Infrastructure
IIPM Info

IIPM: Selection Process
IIPM: Research and Publications
IIPM MBA Institute India

Tuesday, July 19, 2011

MARUTI AND VW TWEEK SMS MARKETING WITH AN INTERACTIVE TINGE TO MAKE IT WORK BETTER

SMS Marketing is enjoying its time in the sun for indian firms. But the Dark ‘Spam’ Clouds on the Horizon Persist

There is an obscenely high probability that the last text message you received, which purported to market some product or service for your brilliant benefit, was summarily deleted from your mobile’s inbox within two seconds of your reading the initial lines. If the response rates are so low, how is it that companies – and leading ones for that – are still opting for sms marketing? Does sms marketing hold promise as a relevant marketing tool?

“Cost is one big factor which is attracting many companies to use SMS as a medium to connect with the consumer,” says Monik Mehra, founder of My SMS Mantra, a New Delhi based sms list broking company, which provides sms push engines for companies like Cantabil India. List brokers like My SMS Mantra have now mushroomed like nobody’s business as they have large verifiable databases of mobile subscribers. The better ones even have demographic data on such subscribers, making the SMS marketing engine more target effective.

Irrespective, with the increasing use of this medium by the real estate, retail and stock broking industries, SMS Marketing has taken in the tinge of spam marketing. “Often, the consumers simply delete the text even without reading,” shares Anuj Kumar, ED-South Asia at Affle, one of the leading mobile media and marketing solutions companies.

Industry watchers expect the spam trend to continue, more so as demographic filtering of the subscriber data is not of the highest quality. The realty sector has been one of the perpetrators of this spam issue. Accepts Ravi Saund, Head-Business Development, CHD Developers, “Out of the total texts we send, only 10% consumers revert and out of those, close to 10% convert into a final sales,” adding that people have clearly started getting irritated with the concept of SMS marketing. Saund laments the absence of demographic profiling, mentioning how globally, database selling is such a huge business proposition because of the simple fact that the data is available based on various parameters. “India too, will have such a scenario, but only in years to come,” says Saund.

Still, several players from the automobile industry, like Hyundai, Tata Motors, Volkswagen, Maruti Suzuki etc back SMS marketing to the hilt as even one conversion is a bonus for them. While Volkswagen used SMS marketing to increase awareness about the Polo on a huge scale, market leader Maruti Suzuki has also started marketing via texts recently. “The response of SMS marketing activities have been better than expected. In fact, it can be explained by the high cell phone penetration and its frequent usage for all kind of information and interaction,” says Lutz Kothe, CGM – Marketing, Volkswagen Group Sales India. Maruti Suzuki on its part launched an SMS contest for Eeco, which generated a record 2.4 lakh entries. “As it offers a decent cost-value relationship, we also use it for our after sales services,” mentions Shashank Srivastava, CGM – Marketing, Maruti Suzuki India.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2011.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in the league of best management institutes of India.....
IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management

Thursday, September 17, 2009

Here’s the perfect Mr. Creative Suit!

He would have been a CA but for a friend who saved him by convincing his mom that he would slash his wrist. Kind fellow!

His twinkling eyes and ready laugh belie the hard-nosed number crunching that the man keeps doing day and night. As Head,Creative and Content for MTV India, Ashish Patil not only ensures that his creative juices keep pouring forth, but he happily shoulders the additional burden of the music channel’s Profit & Loss division too. Just the apt example of what we refer to ‘creative suits’ these days! So even if the creative part of his brain (or his team’s for the matter) churns out the whackiest of ideas, rest assured that the shrewd business side of the brain will do its own sifting, toss the idea over the TRPs grill, before allowing it to hit your TV screens! “I think the future belongs to the creative suits. They are a rare breed,” he says, in an almost self-congratulatory tone.

And he does have reason to congratulate himself! Being both creative and business driven can be a blessing in disguise, both for you and your co-workers. “A really crazy joke that we share at lunch, many times just ends up on air at MTV,” says Patil, giving the example of MTV’s Rakhi Sawant and Rakshabandan special. One day at lunch the topic of Rakhi Sawant came up. Rakshabandan was round the corner and someone joked about Rakhi and ‘bhaiyas’. The result was a popular Rakhi Sawant block on Rakshabandhan and the viewers applauded!

Rendezvous with Semi Girebal, a MTV spoof show of ‘Rendezvous with Simi Garewal’ had similar beginnings. “One day I read an article on Simi Garewal getting a new hair-cut and a big debate on her clothes at some party. It was irritating. I mean, who cares? So we came up with the spoof,” explains Patil. Since Star aired its original show on Sunday at 9.30p.m., the MTV dudes aired the spoof on the same day, same time. Semi Girebaal rated four times the TRPs of the original show. Thinking aloud, a rueful Patil says, “I think we destroyed her career. Her contract never got renewed.” Beginning his career as a copywriter in 1992, Ashish was almost destined to be among the creative types in ad world (or so he thought back then) “but the middle class Maharashtrian phenomena overpowered my family. They told me that I can’t earn a living as a writer as I had to get married.” So Ashish went ahead and got a degree from a B-school. He joined an ad agency again, only this time in a different role as a member of the planning team at SSC&B Lintas. But when Patil got a call from a head hunter to join MTV’s marketing team in 1998, he jumped. “MTV is such a cool brand to work with,” he says.

Life at MTV allowed him to dabble in just about anything he wanted. He handled marketing for a while, before making a lateral switch to content in 2003 to head talent and artist relationship. His typical day then would start at 9p.m. with Pan Parag chewing producers, brandishing gold watches and chain, with flashy cell phones stuck to their ears. “And of course, a gun,” adds Ashish. “Usually the conversations were like ‘Ashishji gaane ka rotation thoda badhana chahiye’ and the moment I would answer in the negative, the gun would be out,” he says with a loud guffaw. Signing off, the fourth member of our occult cracks another joke about his stint with MTV. “I am a part of the furniture here. Every Diwali they move me out, dust me and put me back again...” he grins.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Wednesday, September 09, 2009

GHOST RAT

Ghost RAT, is a Trojan horse that acts as a cyber spying computer program. According to a report published by Infowar Monitor (IWM), the malware has been developed and deployed by Chinese operatives of the hacking community GhostNet, and are using it to hack into some of the most sensitive computer networks on Earth. The report titled, ‘Tracking ‘GhostNet’: Investigating a Cyber Espionage Network’ has stated that the Trojan till recently had continued to invade and monitor more than a dozen new computers per week. The GhostNet system deploys malware to selected recipients through a computer program attached to stolen emails and addresses, thereby expanding the network by allowing more computers to be infected. It can even turn on the camera and audio-recording functions, enabling monitors to see and hear what goes on in a room. The Trojan horse has allegedly attacked 1,295 machines at NATO and various foreign ministries, embassies, banks and news organisations across the world, as well as computers used by the Dalai Lama and Tibetan exiles.pest

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Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Friday, August 21, 2009

Ain’t a Virgin, no more?


IIPM Best B-school

Brand: Virgin Mobile
Agency: Bates 141

Outrageous, flamboyant, unconventional... that’s Virgin’s Hatke route to rope in India’s youngistaan. The campaign’s cheeky humour and in-your-face youth focus has allowed Virgin Mobile to make its mark in an already cluttered telecom market. Devoid of any details about tariff plans etc, the campaign is based on the insight that the Indian youth is not a rebel and knows how to maneuver its way out of troubles. Supported by outdoor and internet, the communication blitz has ensured that the brand boasts one of the highest ARPUs in the industry and a growing customer base.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Monday, August 03, 2009

Orange to pink & Hutch to Vodafone, the pug rules


IIPM Best B-school

Brand: Hutch
Agency: O&M

You and I... in this beautiful world… even as the lyrics sink in, we’re sure you’re already thinking pug and Hutch, oops Vodafone! That’s the power of the Wherever you go our network follows campaign. Cheeka became a rage overnight and the prices of pugs shot up from from Rs.10-12k to Rs. 50-55k. Cheekas’s popularity reflected in subscriber additions. In FY2003-04, Hutch’s subscriber base soared by 138.34% to 5.15 million as against 2.16 million in the last financial year; while revenues rose by 56% in that fiscal to Rs.2,701 crore. Cheeka even became the most often downloaded wallpaper by Hutch subscribers that year. The pug and the You & I slogan in fact saw Hutch through two changeovers successfully. Uncontrollably pugnacious strategy, was it not?

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Wednesday, July 22, 2009

It was a sweet pill, they say!


IIPM Alumni Officially on Facebook

As the largest player in India’s pharmaceutical industry, Ranbaxy’s meteoric rise can be attributed to a lot of factors. But few know that it all started with a defeat. Having lost to Dr Reddy’s Lab in a bid for German drug firm Betapharm, in February 2006, Ranbaxy was looking out for some new growth opportunities and the first one came in the form of Allen SpA, the unbranded generic division of GlaxoSmithKline in Italy whose acquisition definitely placed Ranbaxy on a fast track in $420 million Italian generic market, one of the fastest growing markets in Europe. The second in row was Terapia in Romania (Ranbaxy took over for $324 million) which brought into its kitty a rich pipeline of 157 products with 60 awaiting approvals. Next was Ethimed NV, adding over 20 product registrations to its portfolio and an access to a combined estimated market of $7.6 billion in Belgium, Netherlands and Luxembourg. “Ranbaxy’s M&A strategy was centered on gaining market share in the low penetrated and high growth generic markets,” agrees Sarabjit Kour Nangra, VP Research, Angel Broking. Moreover, these companies had product portfolios that not only complemented Ranbaxy’s own pipeline but also provided it with springboards at some of the world’s fastest growing markets Else why do you think Japanese Daiichi Sankyo took over this one with a smile!

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Monday, June 22, 2009

Have you got the Visa power?


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At a time when consumer confidence is in free fall, Visa has launched its new global campaign, which does not urge consumers to go out & spend more

At a time when the global economy is in a downturn and companies are curbing their marketing and advertising spends, global financial services brand, Visa Inc. has unveiled its first unified global campaign on March 4, 2009. The newly launched $140 million campaign by Visa comes with a new tagline – ‘More people go with Visa’. In the process, the company has dumped its three-year-old slogan – ‘Life Takes Visa’. Taking into account the discretionary spending pattern during recession, the new campaign does not talk about going out and spending more but about less ostentatious spending and encourages more usage of a Visa debit card, instead of cash or cheque in a bid to take advantage of the schemes provided by Visa. Asserts Antonio Lucio, Chief Marketing Officer, Visa Inc., “The ‘More people go with Visa’ campaign is an invitation to make the most out of life every day, a powerful message. It’s not about spending more, it’s about using Visa for those things that are important to you everyday.”

By launching a consolidated global marketing campaign, Visa can achieve cost efficiencies, as now the company will not have to come up with different communication strategies for different countries. In the international markets, Visa will launch a TVC titled ‘Gofesto’, that will be customised according to each Visa region. Saurav Bhattacharya, Marketing Director, South Asia, Visa told 4Ps B&M, “With a journey across the globe, the ad will show people enjoying simpler things in life. The idea is to showcase that life is not about collecting possessions but collecting memories & experiences.”

After the US credit card bubble burst, consumers were sucked deep into the credit vortex. The public perception about credit cards plummeted. A ripple effect of all this was also felt by Visa & MasterCard in the debit card segment, even though here they primarily work as card processors and not lenders. As per BrandIndex (a daily measure of public perception of more than 1,100 consumer brands across 32 sectors), in the first two months of 2009, Visa’s overall buzz score fell 5.7%, while MasterCard dropped nearly 10%.

As a result Visa and its newly roped in advertising agency TBWA have embarked on this global repositioning journey to improve the public’s perception of credit and debit cards. The TBWA team has been advised to tread cautiously and not overwhelm consumers with a deluge of advertisements that showcase expensive and ostentatious purchases beyond the means of the common man. After all there is little hope of any gain from pain!

Vareen Ray

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Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School
1500-plus IIPM students placed across the country with 44 bagging international offers
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Monday, June 30, 2008

You’ve got Mail


When IIPM comes to education, never compromise

The right message and design along wth the right database, can turn a direct mailer into a really lean, mean , marketing machine.

Back in 1886 a young railroad telegrapher in Minnesota acquired a shipment of unclaimed and thus undeliverable gold-filled pocket watches. They were exceptional in quality. He also happened to have a list of 20,000 names and addresses with him of railroad employees just like him. It struck him that they too would need an accurate timepiece. So he mailed each of them a letter which stated that he had just purchased an unclaimed freight of watches, whose quality he personally vouched for. He was selling them at a bargain price. Would they buy one from him?

If legend is to be believed, he sold all his watches in record time. Not just this, some of his new customers were soon ordering additional watches. So he mailed another letter to all his old customers, asking if they wanted more of those watches. Many said “Yes”.

If that was not enough some of his now regular customers, sent some of their watches for repair. So this time round he sent another letter to his customers, that he could also repair their disabled watches. He now expanded, by including repairing of watches as part of his business. Eleven years after his fortunate purchase of that unclaimed freight, his one page mailer had turned into a mail-order catalog of more than 750 pages with 6000 items. By 1902 the sales of his company had exceeded $50 million annually. The man was none other than Richard Sears, who founded the Sears, Roebuck & Company. Today the Sears Roebuck catalogue has become a household name. That’s Direct Marketing. If one has to go by definitions, then the best and the simplest was given by Drayton Bird. He said “any advertising activity which creates and exploits a direct relationship between you and your prospect or customer as an individual is Direct Marketing”.

Customers are getting more and more demanding. They expect greater variety of product and service to match their individual needs. They need to be targeted and marketed to directly, with tailor-made products. So direct marketing is growing in importance day-by-day. Today just about every company engages in direct marketing of one sort or another. In fact there are some businesses that are based on direct marketing – like Reader’s Digest or Time Life Books. Tools and techniques of direct marketing can be used effectively by any enterprise. Warner Brothers used it to promote their World War II movie “Memphis Belle”. They mailed 7,00,000 post cards offering a special $1 discount to each recipient and a guest for evening performances of the new movie. Interestingly these recipients were purchasers of the Time Life books or videos on subjects such as World War II, Nazi, Germany etc – all likely to be interested in the movie. Warner Brothers had formed a new organization Time Warner with the publisher Time Inc. They used this affiliation very intelligently to promote their movie. Direct Marketing did help in increasing ticket sales.

“If you sometimes unbutton your collar at the office we suggest you read on”. This was an advertisement for The Custom Shop Shirtmakers. It explained how only a custom made shirt could provide that extra quarter inch which was not possible in a readymade shirt. The ad. concluded by saying that “once we have your pattern you can reorder by mail or phone – very convenient” Come to think of it now you could actually order a shirt on the phone!
Back in 1952 Soichiro Honda and Mr. Fujisawa knew that one day they would have the best bikes in the world. Honda would make them and Fujisawa would market them. Honda soon made the Cub F-type. It was a small lightweight 50cc 2-stroke engine. It was smart and cute. This was also the time when often they would be asked by car dealers “What does this Honda Company do?” It was really difficult for them to get dealers and convince them to stock their product. That’s when Fujisawa thought of the numerous bicycle shops all over Japan. He decided to contact the country’s 50,000 bicycle shops by using a direct mail brochure. It was a masterpiece. It clearly showed how well he understood his customers. He wrote “After the Russo-Japanese War (1904-05) your ancestors took the courageous decision to launch the imported bicycle in Japan and they are still the basis of your business today. But now customers want bicycles with engines. We at Honda have made such an engine. Please reply if you are interested”. Fifty – four years ago, there were no automated means of sending out 50,000 letters. Every single one had to be written by hand. The work was given to freelance clerks. However time was short so all the staff joined in to help. The response was incredible. They received 30,000 enthusiastic replies.

From movies to shirts to bikes – everyone has gone the direct way and it works. A good direct mailer is always a very useful marketing tool. A product is just a bundle of benefits; your direct mail copy lets the consumer “sample” the product’s benefits before he buys it. An intelligently written mailer can work wonders for the bottom line of your organization. Bi-Intelligent, Inc. a New York based software company was selling a product called “Easyfire” which could enhance the performance of several software applications. It was priced at $89.50. The company sent out mailers where the headline on the envelope read “For $89.50 you can make your IBM as easy to use as a Macintosh”. Surely a lot of people did open those envelopes.There are numerous factors to keep in mind while working on a direct mail campaign. Remember the simple 3C’s rule.

a. The Customer

The customer is the lifeblood of any organization. Every business is about creation and cultivation of customers. As Peter F. Drucker once observed “Companies are not in business to make things, but to make customers”. So you need to understand your target market well viz a viz – in terms of what are their need and desires, and what is it that will motivate them to buy. Not just this you also need to cultivate your customers. There is no tool stronger than direct marketing which helps in knowing and cultivating customers. Today with the help of technology, you can easily find out who are your repeat purchase customers, who are the one time buyers and who are the most loyal. Accordingly you can customize your mailers and achieve better results.

So, know your customers well, and establish a relationship with them. Sales are simply the results of such successful relationships.

b. The Contents Once you know your market well, you can design a content which appeals to it. Anyone can write a letter, but not everyone can write an effective letter. An effective letter is one which clearly indicates “What’s in it for you”. The reader should know instantly how he or she will benefit from the offering. The reader should feel that he is the special one. If you can give a personal tone to the letter chances of success are higher.

Enthusiasm is contagious. Show it in your letters. Write like a winner. Open your sales argument with your strongest sales points. The reader will definitely respond. Even though there are no rules yet some sentences always work. Like

a) I have something you want….

b) I want you to have this, but If I don’t hear from you I’ll have to offer it to somebody else.

c) You can still get rich…

To these claims, if you can add something which makes those claims sound authentic, you have hit the nail on the head. To the above three claims you could add sentences like


a) Here’s why or This is why I’ve chosen you for this offer.

b) That’s because …

c) This is what will happen…

There are some tricks which somehow always work.

1. Open your letter with a question. It immediately and almost always involves the reader.

2. Use exclamation marks… the reader will exclaim with you!

3. Your contents should compel the reader to open the envelope. If you can do that, you have been successful. Consider this. You received a letter which says “Congratulations! You are our million dollar prize winner…”. Chances are you will open the envelope.

4. Case studies have shown that a reader typically reads the first few lines of the letter and then his eyes go down the page to the P.S. So the postscript is your best buddy. Its always a good idea to incorporate the main points of the letter in the P.S. once again.

5. Always call for action at the end. Either ask them to call a toll-free number, or create a deadline. A deadline usually increases the rate of response. 6. “Brevity is the soul of wit” said William Shakespeare. He could not have been more correct. A short letter with short sentences and very simple eighth grade english always works.

7. The Golden Rule is that there is no rule. Before you launch your direct marketing, blitz test, test and test. If it works it’s a rule! Follow these tips and you would be ready to make a rocking mailer.

b. The Contact The actual people who receive a mail from you are very critical. You must have the right mailing list. A good database is a very powerful tool and companies go to any extent to build it.

Gerber is a company known for baby food. The company entered into life insurance. While the baby food was sold off the shelf the company decided to sell its insurance policy by mail order. The insurance covered the child till he was 27 years old. The slogan they used to market to the parents was “Ask your baby about us.” Initially they had no database. However once the people applied, the company soon started targeting the children, once they became young adults. The mailer said “Your parents bought this life insurance for you when you were born and have been paying the premiums ever since. Isn’t it time you started buying your own life insurance?” The company had developed a relationship and was now leveraging that. Many of the children did stick to Gerber Life Insurance – just like their parents. If this was not enough, when the parents became grandparents, Gerber sent them a letter reminding them, how they had insured the lives of their children. Now wouldn’t they want to do the same for their grandchild? Not many refused!

A mailing list afterall is not just a collection of addresses. It is a list of people who actually need your product or service. Gerber for one sure has developed a very strong and relevant mailing list.

The falling birth rate in Britain was a cause for concern for C&J Clarks Ltd., Britain’s largest shoe manufacturer. The retailers started stocking less and less of baby shoes. Magazine advertising was not helping much either. So the company decided to go direct. They contacted 2,80,000 new mothers while they were still in the hospital and presented them with a “Bounty Box”. It contained a letter offering a poster which could be hung in the infant’s room and had a copy describing the various milestones the infant would pass through – like when would he start crawling then sitting then speaking then walking. When he would start walking he would need shoes. So the letter also described the benefits of buying the right “First Shoes” for the child. About 15% mothers wanted the poster. So Clarks soon had a database of 42,000 customers. When the children of these mothers were about to start walking, the mothers once again received a letter from Clarks with a leaflet describing how to choose the right shoes and the hazards of choosing ill-fitting shoes. Of course as the baby grew he would require another pair and there always was a letter from Clarks to remind the family where to go to. These letters always resulted in increase in sales because they were targeting the right customers.

The success of any direct mail programme depends of the Contact list. Make sure its relevant. Otherwise it doesn’t take long for “Bulk-mail” to become “Junk-mail”. That’s the razor’s edge you walk on. So you need to select your prospect with care.

Finally, remember studies have shown that it takes eight to ten contacts before people remember your message. No wonder you see the same ads being repeated again and again on T.V. So don’t stop mailing. Keep in touch with your customers constantly. Keep knocking on their mail boxes and keep reminding them about you and your product – they will take notice. If your mailer is well written and relevant they will respond. So go ahead reach out directly to them and say – you’ve got mail! It will work.

Copyright © : Rajita Chaudhuri and Planman Media.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Saturday, June 28, 2008

Accor lets go off Red Roof top!

TheAccor lets go off Red Roof top! French hotel group Accor has finally completed the sale of Red Roof Inn - its US based hotel chain comprising of 341 hotels. Accor, which has a long list of successful hotels like Sofitel, Pullman, Novotel, Mercure, Suitehotel, Ibis, All Seasons, Etap Hotel, Formule 1 and Motel 6, sealed off the deal for a whopping $1.3 billion to a consortium comprising of Citi’s Global Special Situations Group and Westbridge Hospitality Fund. The strategic move by the group is expected to reduce its adjusted net debt by about $1.14 billion. Accor with its ambition to be the world leader in budget and economy hotels, after shedding weight, now plans to focus heavily on its Motel 6 group - a low budget motel chain in the US with 928 establishments at the moment. And the brave plans are all there too! The group plans to open 200 more units in the United States and Canada by 2010. A good deal indeed!

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Source :
IIPM Editorial, 2008

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

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Phon(e)y? Not really!


IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES

WonderingPhon(e)y? Not really! what to give your jet-setting top boss this festival season? Giftworks, the new brand from Archies, has the solution with their striking range of Swedish royal antique desk phones. Coupled with a vintage hue, these phones have an air of exclusivity and will sit perfectly in theplush cribs of the society’s upper crust. Costing just Rs. 4,999 each, they’re also among the few affordable luxuries...

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Source :
IIPM Editorial, 2008

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

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ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
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