We want to revolutionize biomedical research. When different disciplines get together, you create innovation

IIPM PUBLICATION

The Barcelona Science Park and IRB Barcelona exemplify the growth in the region. The PhD program attracts international students, and scientists from different departments wander freely among the various labs, exchanging ideas, continuing research, and innovating. New buildings are under construction. Across town, at the new Institute of Photonic Sciences, projects shed light on some challenging questions in biology today. One team, led by Dima Petrov, designs optical tweezers that can hold a cell in place, suspended in liquid, and then uses the same beam or a different laser source to per form chemical analyses of the cell. The result is a brightly colored visual display of the chemistry of a cell in situ. This novel technique can be useful in studying blood cells, which are best understood in suspension; it can help reveal, for example, the mechanism and location of drugs entering those cells.

Another team is at the early stages of using light to encourage neuron regrowth. “The problem is that neurons do not regenerate,” says Pablo Loza-Alvarez, who heads the team. “If a neuron is broken, from a degenerative disease or from a spinal-cord accident, there’s no way to repair it. We’re at the very beginning of tackling this problem.”

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Source : IIPM Editorial, 2007

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

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All that glitters is not gold

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Increasing competition, increasing clutter in the advertising space and increasing pressure force the companies to do almost anything, even making false claims just to sell. The softest targets and the easiest to convince are children – they may not have the purchasing power, but their persuasion power beats it all.

Back in 1979, it sold its first product, and since then, it has never looked back. The brand has created marketing history. Almost every country today sells McDonald’s Happy Meal. It started as a ‘Star Trek Meal’ – the first-ever toy promotion of a film. Today, the popularity of the Happy Meal toys even helps one judge the success or failure of the film at the box office. McDonald’s spends two billion dollars on advertising alone – most of it targetted at children. Yet, the not so happy fact is that its products are extremely high in fat/sugar/ salt – one of the prime reasons for child obesity.

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Source : IIPM Editorial, 2007

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

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Well, that’s TCS’ growth rate for the past year; and Ramadorai takes the top credit

IIPM PUBLICATION

As if the world was not already swooning over the glittering Tata Consultancy Services (TCS), it has just added another feather in its cap. Adding to its prolific string of performances, the company outdid itself posting some sterling numbers as brought out in its recent Q4 results. Come to think of it, a whopping $4.3 billion in revenues and $969 million profits in 2006-07 bears substantial testimony that the numero uno company in the country is in very good hands – those of Subramaniam Ramadorai, CEO and MD, TCS.

Noted as the 6th most influential global IT leader (Computer Business Review, 2006), Ramadorai gives able company to the likes of Larry Ellison, Alfred Chuang and Kevin Rolls at the top of the list. Under Ramadorai, TCS has seen some landmark moments, which were critically instrumental in making the company, a global IT bigwig. But the credentials of being a leader were instilled in him from a very early age; and complemented by his exemplary educational background.

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Source : IIPM Editorial, 2007

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

Home Depot goes green

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Home Depot, the second-largest retailer in the United States (after Wal-Mart), and the largest home improvement retailer in the US, is getting environmentally-sensitive, and will start ‘green labelling’ around 3,000 products – an initiative that will include 6,000 products in the next couple of years’ time, and which will become the largest corporate ‘go-green’ programme in the US. These brands will be called ‘Eco Options’ and will obviously include stuff that will do a world of good to the cause of climate changes and global warming. All of these will focus on issues like clean drinking water, conservation of energy, and sustainable forestry. Examples of the Eco Option brands will include fluorescent light bulbs that conserve electricity and natural insect killers. According to the company, since Home Depot is the largest buyer of construction material in the world, it has the power – and the responsibility – to convince the entire supply chain in the ‘home development’ sector (suppliers, home builders and end consumers) about the goodness of being environmentally-friendly. The chain employs more than 3,55,000 people and operates 2,164 big-box format stores in the US, Canada, Mexico and China. Clearly, this is a cause with a conscience.

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Source : IIPM Editorial, 2007

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

Congress debacle in MCD polls brings to fore their internal differences

IIPM PUBLICATION

Everyone, including the Congress leadership, was absolute sure of the inevitable Congress defeat in the recently concluded Delhi Municipal Corporation (MCD) elections. Having administered the capital city for the last nine years – a modicum of anti-incumbency was expected to work against the Congress party. But, the party’s complete rout in the elections has surely sent shivers down the leadership spine. Worse, it has triggered a witch hunting in the party. Reveals Congress Councillor, Jitender Kochar, while speaking to B&E, "Some problem with the ticket distribution led us to defeat.” Other leaders blame it on inflation, price rise and mishandling the sealing & demolition drive in the capital.

The persisting differences between State Party President, Rambabu Sharma & Chief Minister Sheila Dikshit adversely affected the party's prospects at the hustings. And this reality will make the task of preparing for Delhi Assembly Elections, due next year, even more arduous for Sheila Dikshit.

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Source : IIPM Editorial, 2007

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

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Now, that’s something that deserves passion!

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The solution? It can only lie with boards, which must pull themselves out of bunker mode to address this problem before it’s too far gone. Even in the current environment, they have to work up the courage to create creative compensation packages that link outsize pay to outsize performance. And they must make sure those packages reach deep down into the organization, well below the top five executives who generate all the media and shareholder activist hew-and-cry.

Moreover, boards must remember that for the best and brightest, the biggest career turn-on is not just money – it’s impact. Companies need to be offering exciting, challenging jobs with real decision-making authority to both senior executives and MBAs alike. Of course, those two measures won’t halt the flow of great people away from industry, but they could slow it to a trickle. And since great people are the whole game, that’s a dam worth building.

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Source : IIPM Editorial, 2007

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