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

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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.

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Source: IIPM Editorial, 2007

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

“Star has put all its eggs in the Balaji basket and created a brand bigger than itself.”

While, competition will surely go through the roof as also the options, it is specially NDTV and INX which are being closely watched. Reason? Paritosh admits, “...both (Sameer & Peter) know the genres and value chains in which Star operates and have a great network themselves.” If they could once help Star scale the heights that it did, what stops them from repeating the feat!

But, all is not lost.

Star Plus’ sister channel Star One is doing well, and it has some popular properties like Koffee with Karan, Antakshari, The Great Indian Laughter Challenge (hugely marketed), et al, to boast. “Star One’s weekend programming is quite strong, now you will see efforts to strengthen its weekday line-up,” says Vidyasagar. Moreover, to control the damage caused by the exodus, a major restructuring has taken place at Star India. Star News’ CEO Uday Shankar has taken over as the Chief Executive of Star India and Sanjay Jain has been appointed the CFO, among others.

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Source: IIPM Editorial, 2006

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

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Google’s search yields Hyderabad

Google, the search engine behemoth has zeroed down on techno city Hyderabad, for its new facility. It has signed a MoU with the Andhra Pradesh government for the same. The state government is allotting 20 acres of land at Kokapet in Rajendranagar mandal to Google for setting up the facility. The upcoming facility will house various functions like engineering, online sales and service, information systems and other support functions. Though calculations suggest that around 4,000 persons would be working in the new facility, there are chances of the number increasing as per the upcoming business needs. Google follows Microsoft and Infosys in opening a facility in the city.

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Source: IIPM Editorial, 2006

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