How better could one define this Goldman vanguard called Steve Kerr?

IIPM MANAGEMENT INSTITUTE
Despite his innumerable responsibilities, Steve balances his personal and professional life. His family is based in Florida, while he works out of New York. So for Steve, those are weekends that allow him to spend quality time with wife D.J. (as he lovingly calls her) and two sons Paul and Zachary. If work seemed passion, Steve is as passionate about playing the piano, and is a master at that, to say the least.

And to think of it, it was supposed to be just a lunch meeting... a meeting, which culminated into numerous subsequent fantastic discussions and thrilling communications. Meeting Steve Kerr, rather, experiencing him over the days, was indeed an exercise worth much more than the learning we gained; where one understood how just a single individual could lead a billion dollar corporation without actually leading it, but being the truest follower and allowing the team to be the truest leader. How better could one define this Goldman vanguard called Steve Kerr?

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Small is in!!!

CVs have interesting futures
The Commercial Vehicle (CV) sector, being highly blasé and unexciting, doesn’t normally make headlines. But lately this sector has been in the thick of action. In a bid to tap into this market, truck monoliths like Volvo & Tata have upped the ante in the Heavy Commercial Vehicle (HCV) game.

Tata Motors has recently entered the 1 tonne segment with the launch of the 0.75 tonne Ace. This vehicle comes under the Small Commercial Vehicle (SCV) category and will cater to last mile operations. According to auto analyst R. K. Dhawan, “There are new restrictions due to traffic conditions and there can be some embargoes on LCVs like Tata 407 & 608, this will make the new segment appealing.” Last mile operations are generally applied in congested areas where large capacity vehicular traffic cannot be sustained. Tata would be taking the fight amidst the market segment dominated by three wheelers. The segment recorded sales of 28,178 units in April-June 2006- 07 (SIAM). Says Debashish Roy, spokesperson of Tata Motors, “Ace will entice three wheeler users to upgrade.” The segment will soon witness a flood of competing products. Dhawan elaborates, “All competitors have suitable technologies in their stable for such a venture.” Players like Mahindra & Mahindra (M&M) and Ashok Leyland are already set to exploit this new segment. Ashok Leyland only gave a rather flippant reference to the availability of technology (which they now have with the acquisition of AVIA’s truck business). Though the positioning strategy of new entrants may not be clear, the market is large enough; more the players the better it is for volumes.

Last mile operations have huge potential for competing players. Nearly 90% of retailing in this country is unorganized and SCVs are the only feasible conduit among the wholesaler-retailer-consumer vicious cycle. A 24% growth in the segment proves the potential. But there is a caveat; the expectant entry of large scale retailers such as Wal-Mart and Tesco, HCVs could also look forward to their place in the sun. Players will have to sense and adapt to variable market demands to ensure long term sustenance.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Sure wanna rid?

IIPM Business & Economy

Not good for your body ‘environment’

There are two kinds of male cyclists: Those who are impotent and those who will be.” Almost a decade ago, when Boston urologist, Dr. Irwin Goldstein quoted this, it caused as much stir as it does when we look at the most amazing configuration of a frame, wheels, a chain, saddle and handle bars – called the very humble ‘bicycle’! No wonder the cobbled streets of Champs-Élysées observe more and more number of participants on the finishing line of Tour de France every year, as it would, this year too. But ruling his statement as a shot in the dark would be calling for unsolicited trouble... the kinds that the detection of testicular cancer in the most celebrated cyclist of all ages – Lance Armstrong – triggered and buttressed. Research regarding this published in The Journal of Sexual Medicine and many others that followed, suggested that excessive pedalling may block certain arteries to reduce the blood flow permanently into that “vital appendage” at the time when guys may want it the most!! Investigations indicated that sitting on narrow bicycle saddles for long hours tends to wield a lot of pressure (almost seven folds more as when we sit on a chair!) on the lower pelvic region. Perineal vascular compression, thus drops the oxygen level in the male genitals by up to 70% causing, in the long run, severe erectile dysfunction in some cases…

However, cycling – the sport that renders the maximum degree of cardiovascular fitness – remains also the safest of all exercises. In fact, a mere 50 injuries per million hours is reported for cycling as opposed to 600 for the most popular game in the world – soccer! So long as you maintain a cycling regime for about few hours a week, breathe relief! But those who plan a La Grande Boucle every day, watch out, before those ‘family jewels’ lose their ‘lustre’!

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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IIPM : India disinvests to develop

IIPM MANAGEMENT COURSES
Though the New Economic Policy was well enunciated, it still needed to be implemented. The first to go were old, ailing, public sector units that took away a huge chunk in salaries and were unproductive. They were a drain, but only now did the government act.

The Disinvestment process was set in place, first by having a department in the Finance Ministry, and then as a separate ministry in the NDA government. The brief: Sell PSUs and raise funds. The UPA government scrapped the Disinvestment Ministry but there’s no going back. Even the Left parties have begun talking of ‘restructuring’ PSUs, an admission that all was not well.

Now with the CPM also referring to the private sector with fondness, the days of PSU behemoths seem to be a distant memory.

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Source :- IIPM Editorial, 2006

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