FIESTA’S TICKET TO RIDE

The feisty Fiesta is taking Ford places. Now, Ford India expects around 100 per cent jump in sales this year, and powered by its success the auto company says that it will launch a CNG engineered Ikon by September this year. Fiesta was launched in November last year, and around 25,000 units were sold last year; this year, the company has crossed that number by June itself. Going by that, it is felt that 2006 will end with a near 100 per cent growth in year-onyear sales. The company said average monthly sales of the ‘Fiesta’ were around 2,500-3,000 units. Recently, Ford introduced a new version of its model ‘Fusion’ and slashed its price by Rs. 60,000 to Rs. 5.69 lakh (ex-showroom Delhi). Not bad going, so what if in the US sales are taking a hit! Yet again, India is showing the way on the auto highway.

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Source:- IIPM Editorial

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Been there, done that? Oh, it’s probably déjà vu!

What is it that one experiences oft en but fails to describe in written or vocal equivalence in any language other than French? And that too owes itself to the efforts of the French philosopher and promoter of Esperanto (the most widely spoken constructed international language), Émile Boirac for having christened this delusion, in his book L’Avenir des sciences psychiques in 1917. It was the first instance when attention was drawn to this affair between the physical and metaphysical – déjà vu, a mysterious sensation of having experienced something previously but not being able to summon up the precise time and place of its occurrence!

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam chaudhuri

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ENGINEERED INNOVATION

In a study conducted by Nasscom and Booz Allen Hamilton, it has been pointed out that a $40 billion opportunity from the off-shoring of engineering services is awaiting Indian IT industry by 2020. Global spending on engineering services is expected to increase from $750 billion in 2004 to $1.1. trillion in the next fourteen years. According to B. Ramalinga Raju, “All important stakeholders including government, academic institutions and service providers will need to undertake a series of important measures.” Companies must develop on the “engineered in India” brand, make investments in infrastructure, workforce & expertise. Satyam is placed at ease with over 100 off-shore development centres in over 53 countries and across 6 continents. A total of 6% of its revenues come from the engineering services. Satyam now aims to significantly ramp up its headcount in China, where the company sees tremendous scope for growth in the engineering services arena.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam chaudhuri

Jerking perks raising eyebrows

UK’s departmental store chain, Debenhams has earned itself a controversy. The store is planning to close its final salary pension scheme to existing as well as new members. Prior to this, there have been only three other companies in UK to have walked the same track. The argument presented by Debenhams is that the scheme proves expensive to the company. The union has already locked its horns with the company on the issue. The first two companies to initiate such a plan in UK were Rentokil and Harrods. The two had also amassed criticism for their stand.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

This would result in the diminishing of overall ratings quality

Thus, blindly allowing inexperienced and incompetent credit rating agencies to operate would consequently lead to myriads of cases of defunct ratings in the future. Chris Atkins, Vice President, Corporate Communications, S&P, bemoans, “This would result in the diminishing of overall ratings quality, as the process will not ensure that these agencies are sufficiently qualified to perform up to market demand.” Atkins further comments, “The bill would enable the SEC to exert undue influence in the ratings process, leading to a potential chilling effect on ratings.”

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Crisis leadership – not for the chicken-hearted

If the flu becomes a plague, employees must be assured that no organizational function is as important as their well-being. A pandemic would be an economic disaster, but it would also be an opportunity for organizations to repair the perception (often sadly true) that institutions no longer care about individual members. In the workplace, loyalty is increasingly seen as a fool’s game. But in the emotionally charged atmosphere of a pandemic, business as usual won’t be possible.


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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri