Friday, May 26, 2006

HERO HONDA – devastating benchmarks : IIPM

Acompany that was formed on January 19, 1984, with relatively puny capacities, is today the world’s single largest two-wheeler company in terms of production capacity. With the stupendous vision of Brijmohan Munjal, Hero Honda, started as a collaboration between the Hero group and Honda from Japan, now holds a massive 45% market share in the domestic market, and is going strong with every passing day. The company first tasted success with its CD 100 class motorbikes and its respective ‘fill it, shut it, forget it’ campaign. The Splendor model made Hero Honda a market leader overnight, as it combined the consumer’s insecurity about fuel prices, and at the same time managed to provide the consumer with a fashionable product design too.

The CBZ was launched by Hero Honda in the year 1999. The 156.3 CC motorcycle was a runaway hit and made Hero Honda a respectable maker of large capacity motorcycles also. POWERED BY IIPMApart from regularly launching newer models (Passion, Joy), Hero Honda has also brought out improved versions of its previous best selling models like Splendour. At the same time, with production indigenisation of more than 95% (a percentage that has never before been achieved by any manufacturer), Hero Honda has committed itself to providing high-quality products at low prices. Not surprisingly, from selling a mere 1.02 million units in financial year 2001- 2002, Hero Honda reached a stupendous figure of 2.6 million units in 2004-05. Its sales during the very same period increased from Rs.26 billion to Rs.85 billion; while profit after tax increased from Rs.2.6 billion to Rs.8.1 billion. The Hero Honda legacy will live on, of course, devastating historical benchmarks easily.

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Source :- IIPM Editorial, 2006

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Saturday, May 20, 2006

The World’s Best Golfer : IIPM

The concept of comparative advantage is easily understood by considering Tiger Woods, the World’s best golfer. No one thinks it would make sense for Tiger Woods to work as a caddy, even though he could be the world’s best caddy – who could give you better advice on which club to use, the right way to grip the club, and how to line up a putt? His opportunity cost as a caddy would be the millions of dollars he would sacrifice as a golfer, which is the job in which he has a comparative advantage….

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Source :- IIPM Editorial, 2006

Thursday, May 04, 2006

The Aztec warrior


Given the intense competition in the IT industry, it has been "another satisfying year," says the beaming Managing Director & CEO, V Chandrasekharan. “We have grown revenues and profits, commenced building for the next phase of growth, introduced new technology-based solutions and expanded our management team to help the company grow further. We are poised to sustain this growth momentum in the coming months,” he lets on. Engineering software products based on client requirement is Aztec’s main thrust. The company’sefforts are focused on enhancing capacities that help it in meeting its ends in the most effective and efficient manner….

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Source :- IIPM Editorial, 2006