Murdoch to transform a small Australian newspaper group into a global behemoth called News Corp...

But this unpalatable episode revealed the buccaneering spirit that has enabled Murdoch to transform a small Australian newspaper group into a global behemoth called News Corp., with $23 billion in annual revenues with a global footprint (Star Network in India is a part of his group). He renounced his Australian citizenship to become a British subject and expanded his empire into the UK. A few years hence, he turned into a blue-blooded American. But the real question is whether the Murdoch legacy will live beyond the 75-year old tycoon passes on the baton? The current inheritor is his son James from his second wife while another son Lachlan has ‘retired’ from family business. Surely, the inheritors will find it hard to match their Murdoch’s ability to seek and conquer (a recent example being the manner in which News Corp. paid US$800 million to buy the portal MySpace.com). Perhaps they can never come close to being a shadow of his but being the only hope, James has no choice than to learn lessons quickly. Or does he?

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• IIPM Publications
• Business & Economy
• An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
  

Source: IIPM, 4Ps, B&E


Rashmi Bansal Editor & Publisher of Jammag Magazine goes underground, for details please click on the following links:

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG) eats humble pie; felicitates IIPM as being the top institute
• Rashmi Bansal (Publisher of JAMMAG)

Conservative is Cool

Commitment to ethics and adaptability are the key survival instincts of the group that have paved its journey

When Dewan Bahadur A M Murugappa Chettiar, founder of Murugappa Group started his business, little he would have imagined that when his fledging group moved to India in 1939, it would, a century later, be spoken in the same breath as the Tatas, Birlas and the Ambanis. The Murugappa Group is one of the few establishments in the country that have withstood the test of time by generating wealth and building trust for its shareholders. In fact, the legacy hasn’t dogged its flexibility at all. Aman Bajaj, analyst with IndusView Advisors points out “Commitment to ethics and adaptability are the key survival instincts possessed by the group that has paved its journey from being a traditional money lender to a $1.6 billion diversified conglomerate.”

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Source: IIPM, 4Ps, B&E

Show me the money jerry!

In much similar fashion to Mr. Jumping Jack (Tom Cruise, if you insist) in Jerry McGuire, producers are insanely screaming at the top of their voices to their directors to show them the money! Though the crossover phenomenon may still be in a bedlam, there’s no denying the fact that quite a few Indian movies are making a lot of money abroad. Take the case of Kabhi Alvida Naa Kehna, a movie that has proved to be an anomaly from the Karan Johar stable. For starters, it was not a Diwali release like earlier blockbusters from the Dharma stable. Worse, this movie did not receive the expected mass euphoria. And correctly so. While the masses could not identify with the idea of adultery itself (the Salman Khan starrer comedy No Entry had a rank better description of adultery), there was a vivid discontent among the upper classes as well, who found grave fault with the ridiculous emotions displayed, the most being with even the logic of why the protagonists (Shahrukh Khan and Rani Mukherjee) fell in love in the first place. For complete information on IIPM Articles, please click here... , Also visit: Arindam Chaudhuri Initiative

Source: B&E and IIPM Publications

Too much of greed is bad...

Sure, the government fixes the rules of the game for corporate gladiators to fight it out. Sure, too much of greed is bad. Yet, as the collapse of Soviet Union proved irrefutably, the profit motive is intrinsic to man; and to deny and suppress it has never yielded desired results. Adam Smith called it self-interest. But for a modern corporation, positive and ethical greed and a consistent track record of profits are the only way to earn the respect of stakeholders. An ethical company that’s not very profitable will not survive for long. For that matter, a profitable company that discards all ethical norms too won’t survive very long. Think Enron, WorldCom and many others. One of the key reasons for the US emerging as one of the greatest powers in world history is because of a societal consensus that the pursuit of profits is a legitimate activity. The US military and the seemingly irrational policies of the Bush administration have made America by far the most disliked nation in the world. For complete information on IIPM Articles, please click here...

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Source: IIPM Editorial and B&E

Bedtime stories

No time for hanky panky? Ya right!

The typical wry comment on marriage, more often than not, concedes this oft-quoted remark from Oscar Wilde: “Bigamy is having one wife/husband too many. Monogamy is the same.” Then there’re also women who proclaim the joys of monogamy, while men sigh and look the other way. Even better are those researches which take upon their broad shoulders the weight of carrying out extensive surveys to re-present the same old wine in the same fungus ridden bottle. Read on... Feedback from 77,895 respondents (90% of which were in monogamous relationships) for an Elle/MSNBC. com poll unearthed that 67% of the lady respondents were completely content with their partners and their sizzling sex lives. Men, however, who were a few years into the relationship, were not having as much fun anymore! What’s new (sigh!)! But then there were also some more revelations, like lack of communication between the sexes: While only 38% of the women felt that their beaus would like to turn on the heat more often in the bedroom, 66% of poor ol’ men, in fact, were hopeful of more frequent action. Now take this: 41% of the guys wish their love-making sessions would last longer, and (perhaps the only place the survey hit on something new) 97% of men and women were absolutely satisfied with their partners and sex lives. Ahem... don’t agree with that one completely? Well at least allow the surveys to continue in the hope of a more monogamous world. We know better anyway...

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Source: IIPM Publication

Some other IIPM Editorial Articles:

• And now, Big Mac to grow southwards
• Garib Rath ready to roll out
• Netting in more users
• New heights for low costs
• Anil Dhirubhai Group
• Deadly Duo on fast track
• Get more out of ghee!
• Beauty with brains
• Mauritius beckons!
• Gerard calls this, the ‘wheel of life’ exercise...
• Dreams on Wheels
• Perform a SWOT on yourself...
• Gerard O’ Donovan, CEO, Noble Manhattan, who has coached thousands of executives…

Today, with the top 3 business houses: Birlas, Tatas and the Ambanis...

The company already provides GSM services in the circles of West Bengal, Orissa, Madhya Pradesh, Himachal Pradesh, Bihar, Assam and other states in North East India, and has about 2.85 million subscribers for its GSM base, which is not what you could quite call taking advantage of the GSM boom! So even while Anil Ambani decides that he should now pull up his socks and ride the wave on the GSM boat, should he or should he not give away his CDMA competence? According to Prashant Singhal, Telecom Analyst, Ernst & Young, “Today, with the top 3 business houses – Birlas, Tatas and the Ambanis – engaged in the fast growing Indian telecom market, the market is certainly booming. But GSM players certainly have an edge over the CDMA operators, where growth is concerned. All the old players and the new entrants have to realize this.” Anil might not play on yet, or ever, to give up his blatant CDMA competitive advantage, as it’s not just Qualcomm (who anyway has a royalty sharing conflict going on with Anil), the inventors of CDMA, who are betting on CDMA’s relatively efficient bandwidth processing capabilities (as compared to GSM), even reports from COAI confirm the same.

For complete IIPM Research & Publication Article, please click here...

Editor: Arindam Chaudhuri; Source: IIPM Publication and Business & Economy

Some other IIPM Editorial Articles:

• Growth in motorcycle market
• Are Indians finally rich?
• Recently, a group of senior lawyers and business executives ...
• The Cost of Capital: An International Comparison
• The chameleon changes its colour again
• Iraq war kills one more…politically
• Sydney Opera House
• The average rent per day in five star hotels in the city towered to as much as Rs.11,000...
• Don't walk out of your home
• Superman Returns
• A few weeks of war & an eternity of hatred
• Wal-Mart’s International Growth
• ‘Rags’ to Riches
• Justice Jackson’s eloquent words at Nuremberg...
• Reservoirs of Lucre
• Toyota was a change agent
• An ‘open marriage’ with his first wife Harriet Westbrook...

In international trade, negotiators from different nations... (IIPM B&E Article)

In the pharmaceutical industry, “development and license agreements” allow small research labs to work with global drug development companies under terms that may shift if, for example, a promising product fails clinical trials or an apparently trivial technology turns out to be exceedingly valuable. In international trade, negotiators from different nations may arrange to periodically divide financial rewards that were not anticipated in the original treaty. Safety-net clauses, also common in many industries, generally state that faltering renegotiations will move to litigation or arbitration. Adopting such clauses for the international arbitration of large projects requires very detailed provisions for variables such as governing law, supervisory agency, language, location and types of damages.


For complete IIPM Research & Publication Article, please click here...

Editor: Arindam Chaudhuri

Source: IIPM Publication