Thursday, May 31, 2007

Choco-slaves

Ivory Coast’s child slaves...
Passing through the plantations of Ivory Coast, the commonest sight is an Ivorian child loaded with a machete. The country blessed with almost half of the world’s Cocoa production (43%), also has numerous child labourers that work in abysmal conditions. Human Rights Watch has confirmed that more than 15,000 children work in Cocoa plantations of Cote d’ivoire that get treated virtually as slaves forced to work day and night.

Children silently endure beating, psychological abuses and even threat of death. A report by ILO has revealed that more than 90% of Cote d’Ivoire Cocoa plantations use forced labour. The Human Rights Watch has similarly thrown up numerous cases to show how traffickers lure children from their homes with promises of high quality education and life before selling them to slave markets in neighbouring countries. Ironically, buyers of this blood drenched product are mostly the corporations like NestlĂ©, Archer Daniels Midland, and Cargill that vouch for human rights. Crushed then in the vicious circle is the childhood of millions of deprived souls.

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Source : IIPM Editorial, 2007

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

Wednesday, May 30, 2007

If only horses could fly... They can!

If Star and Balaji have joined hands to foray into the Southern TV space, which is Sun's forte, then media conglomerate, Sun Network is looking at skies far beyond. The Kalanidhi Maran promoted group has evinced interest in entering the aviation sector, taking both commercial and non-commercial routes in the country and abroad. The company informed BSE that it has sought approval from its shareholders through a postal ballot. The results will be announced on May 15. If all goes as planned, the dark horse of Indian media sector might soon fly!

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Source : IIPM Editorial, 2007

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

Monday, May 14, 2007

Train(ing) in Speed . .

Trains going places... and fast!
“Faster than fairies, faster than witches, bridges and houses, hedges and ditches...” With his penchant for prolific prose, Robert Louis Stevenson penned thus in an untitled poem on ‘trains’ somewhere in the latter half of the 18th century. And, having written it back then (when trains were not half as fast), one can only imagine how his poem would have shaped aboard the French TGV, when it recently hit 574.8 kph (357.2 mph) on the speed dial, a record by any train running on standard rails! It would perhaps be like the last line of the same poem – “Each a glimpse and gone forever!” Or maybe the poor man wouldn’t have been able to pen anything at all, for it is unlikely that one will catch even a glimpse of what’s on the outside when the TGV is in full throttle.

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Source : IIPM Editorial, 2007

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

Friday, May 11, 2007

Kind of culture

Johnson & Johnson concentrates on creating a kind of culture where people see a long-term association with the company, more because of its emphasis on employee development and substantial investment on the human factor. There is a paradigm shift in ‘the debate’ which takes precedence at Johnson & Johnson, from the short term but rather obvious choice of ‘money and compensation’ to a more long-term promise of ‘becoming the right career managers for its people’. The focus here is more towards instilling a continuous investment in its people by way of employee-career development by using various programmes aimed at career planning, providing training and international exposure to its people. And the guiding force behind these initiatives perhaps takes origin from the ‘Global Standards of Leadership Model’, which is a competency model prepared by J&J to align its efforts towards nurturing leaders out of every employee in the company. Johnson & Johnson has coined ‘Our Credo’, which is a set of company values with 60 behaviours, starting from Integrity to Innovation, which acts as a steer to inspire the right conduct and, in turn, define how the company will perform.

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Source : IIPM Editorial, 2007

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

Wednesday, May 09, 2007

Coffee with Karan... and Kim!

The US-Korea Free Trade Agreement will simply promote US arms sales
Kim Hyun Chong, South Korean Trade Minister, recently signed a Free Trade Agreement (FTA) with Karan Bhatia, Deputy US Trade Representative, ostensibly paving the way for a ‘fast track’ elimination of the tariff regime on many industrial products, excluding rice, beef and trucks. With the two way trade between the two nations standing at$77 billion in 2006, the FTA ostensibly is being promoted as an opportunity to pull out the Korean economy from a prolonged period of recession. Interestingly, labour unions and nationalists have denounced the ‘back door deal’ as a betrayal to people and democracy, because such a deal is likely to enhance inequities and lower wages in the economy.

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Source : IIPM Editorial, 2007

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

Monday, May 07, 2007

Fortis: Health ‘Capital’isation...

Fortis Healthcare, a healthcare division promoted by Ranbaxy, has hit the Dalal Street. With a network of 12 hospitals in northern terrain, its IPO will raise about Rs.5.04 billion and have a fixed price band of Rs.92 to Rs.110. The issue closes on April 20,2007 and is being made through 100% book building process. The proceeds are intended to write off debts that it had accrued while picking up a 90% stake in Escorts Heart Institute & Research Centre Ltd. in 2005 along with financing its expansion plans. JM Morgan Stanley, Citigroup Global Markets and Kotak Mahindra Capital are the lead managers of the IPO.


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Thursday, May 03, 2007

China to put Japan’s name to test

According to J. D. Power’s automotive arm, Japan’s output will fall to 10 million units by 2010 from the current levels of 11 million units, losing its tiara to China. The research arm also added that many Japanese producers are shifting their manufacturing base to China. It is estimated that by 2010 combined output of both countries will account for 76% of the expected 31.4 million light vehicles manufactured in the Asian-pacific region. The rest will be mainly constituted by Thailand, South Korea and India who produce more than 1 million units annually.

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