Saturday, July 26, 2008

HR or operations

At Domino’s, these initiatives start right from the day an employee is inducted. And employee has to go through 21 days of induction programme, irrespective whether an employee is joining the corporate or the branch office. “From the day a person joins, till the time he is given his workstation, one person from the HR department completely takes care of the new joinee,” avers Bardoloi. Interestingly, all joinees in the managerial cadre need to spend time in all the departments, be it finance, HR or operations. In fact, Bardoloi too, had spent 22 days in various departments and stores. The front-level employees have 25 days of on-the-job training. First, at the stores, where they observe various tables and then they are sent to the factory where they are taught to prepare the dough, manage logistics et al. Once they are through, they are given uniforms & bikes.


What’s more, the HR at Domino’s believes in easing the communication channel between the employees and management. States Bardoloi, “We try to keep the communication channel open. If the HR receives any query, the person at corporate HR or regional HR needs to reply ASAP. This motivates the people that there is a department who takes care for these queries. The communication level should be 100% clear and instant. In fact, at Domino’s the processes and financial data is very transparent.”

Domino’s India works very much in tandem with Domino’s International. So the QSR giant is trying to bring all its policies and initiatives to the Indian subcontinent. The latest being the globally acclaimed Domino’s University. Domino’s India recruits people with a minimum qualification of 10+2, so anyone who wants to be a part of this organisation need not be a graduate or a post graduate. Asserts Bardoloi, “We are in the process of opening up a Domino’s University in India. We sponsor all the 10+2 qualified employees, who have stayed with us for six months or a year. The company will reimburse 50% of their higher studies.”

Apart from this, the company also has in place internal training programmes where the internal guidelines are governed by Domino’s International. As part of the programme, employees can take internal tests to go to the next level. Adds Bardoloi, “We’ve various levels like silver, gold, diamond & platinum. Once an employee reaches the platinum level, then his vertical career starts, and he either goes to T&D or quality control department. We ensure that every person reaches the platinum level in 0-7 months and becomes Assistant Manager (AM) & Senior Assistant Manager (SAM).” And things just don’t end here. For there is yet another programme called ‘Erase A’, in which the letter ‘A’ is removed from SAM and the employee becomes Senior Manager (SM).

Little wonder then that according to Hewitt Survey 2007, Domino’s was nominated as the 16th Best Employer in India and 20th best in Asia. So Hungry Kya for some rib-tickling crunchy delight from this home delivery specialist?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

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

Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global
The Indian Institute of Planning and Management (IIPM)
IIPM Campus


Friday, July 18, 2008

Passion

Steve Jobs, the founder of Apple once said, “People say you have to have a lot of passion for what you’re doing... It’s totally true.” He meant it when he said that!

It is the marketing passion of Steve Jobs, which has made Apple what it is today. As in the case of the iPhone (which was launched in mid-2007), it was just because of Steve’s passion that within the first 90 days, iPhone was able to capture 20% of the US market. His capturing of 200% more market share than his closest competitor only speaks volumes about the manner in which he pursues his business. The same is true with MacBook. No one had an idea that this very Steve, who was thrown out of Apple in 1985 would come back so strong and launch a MacBook and the world’s thinnest laptop decades later while holding the sceptre over the very same company’s affairs. That indeed speaks volumes about the passion that he has - the passion to carry on in spite of failures and the passion to prove to the world that you would not take things lying own.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

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

Read these article :-
B-schooled in India, Placed Abroad (Print Version)

IIPM in Financial times (Print Version)

IIPM makes business education truly global

The Indian Institute of Planning and Management (IIPM)

IIPM Campus

Monday, July 14, 2008

lowest prices

And to cater to the untapped population, existing telecom players like Bharti Airtel, Reliance Communications and Vodafone, among others are battling it out hard, providing consumers with the best of the services at lowest prices. The fact that India has the lowest voice call rates in the world has gone a long way in scripting the success story of the Indian telecom sector. Now, with new players like DLF, Unitech and others slated to enter the telecom domain, the prices are set to fall further thus increasing the competition in the sector, ultimately resulting in increased penetration of mobile services in the country.

However, to ensure the smooth sailing of the Indian telecom ship, both operators and regulators must keep a watch on certain factors. As far as operators are concerned, they are confronted with a challenge of sustaining the high growth levels despite such low tariffs and ARPUs (Average Revenue Per User). Low tariffs, not only weigh down the balance sheet of operators, but may also become a disincentive for them, as they won’t be able to fund network expansion and growth to the far-flung areas. More importantly, the Department of Telecom must soon resolve the spectrum row and give a clear diktat over the distribution of spectrum to various operators. “There is a severe paucity of spectrum, which is hampering quality as well as spread of service. While there is a clear subscriber linked roadmap laid down for allotment of additional spectrum for service providers, the same could not be fully implemented due to inadequate availability/ vacation of spectrum by existing user” says Ramachandran.

The need of the hour demands that the operators and the regulator should move beyond existing spectrum rows and instead of fighting amongst each other, gear themselves up to race ahead of, first, the US and ultimately the Chinese telecom sector.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

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


B-schooled in India, Placed Abroad (Print Version)

IIPM in Financial times (Print Version)

Saturday, July 12, 2008

In ‘search’ of excellence!

Yahoo! shakes up its search engine to blow Google away...

It’s a game of ‘tags’ that has been on ever since ’04, when Yahoo launched its very own algorithmic search engine. But that game, since inception, has always had a winner – Google. Always leading with a market share almost twice that of its closest rival – Yahoo, Google made search synonymous with its trade name that can today be found in the world’s leading dictionaries. But as they say, to play ‘his highness’ forever, one has to constantly weed out smaller men or competition, which Google was seen doing very well. Until the current quarter (on October, 2) when the gap shortened considerably in terms of experience, when using Yahoo’s all new search engine.

The ‘search engine’, a core competency of just a few amidst the vast confines of the World Wide Web, is perhaps the single most important factor that directs traffic in millions on websites hosting them. And the most sought after search engines belong to Google and Yahoo playing rivals, followed by the likes of Ask (formerly Ask Jeeves), Live Search (formerly MSN Search) and Alexa, a subsidiary of Amazon.com.

So while Yahoo having once again reiterated that it’s in no mood to play second fiddle, it’s Google that continues to outsmart all and here’s how. In Yahoo’s makeover with an in-built search assist that suggests various options while one keys in words, there seems a sort of a shift in line that suggests the next level in competition. After Yahoo, follows IAC and Microsoft, who have already revamped their searches earlier, in putting up such an application. Also on the search result page, below the box, there is an added box suggesting alternatives to key terms that the user had used earlier. Though helpful, it falls a shade lighter with the platform that Ask provides. Once used, the screen splits into three – with the search box at the left, results at the centre and images and encyclopaedic references to the right, hence deleting the need for the user to go back. As for Live Search, MSN’s cool new avatar, it matches exactly up to Yahoo’s new form with a difference in presentation, of course.

Another area where Google bamboozles the rest is in terms of properties that it owns and displays in tandem with search results. So when you type ‘BMW films’ on a Google page, along with the usual weblinks you also get to see a YouTube video link of BMW’s short films. Harnessing search and search results, Google further consolidates with its extremely successful contextual advertising platform – AdSense. Here again, it’s Yahoo which plays second fiddle with its own version of the relatively new Panama. So while Google pockets almost 75% of the $8 billion spent by marketers on search advertising, Yahoo gets a paltry 16.3%.

Sceptical, is what most seem when questioning Yahoo’s ambition over Google under today’s circumstances, especially on the search front. “The whole point is we want to get you from ‘to do’ to ‘done.’…. — their (users) intents expressed via a few keywords in a search box,” says Yahoo’s official blog. Sounds great and projects very well of Yahoo’s mission to conquer the top spot. That’s half the job done or is it??

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

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

Friday, July 11, 2008

The ‘Third (i)’ of Indian IT!!!

3i INFOTECH : V. SRINIVASAN

The ‘Third (i)’ of Indian IT!!!

So what’s special about this third eye, or 3i Infotech as you know it to be? Well, nothing so special about it being a professionally-run & an IT-led software company; but then talk about the aggression without its borders and you’d surely give a thought to it being...well, special! Acquiring smaller software product companies and then putting all its marketing strength behind it has undoubtedly made 3i Infotech what we know as a IT superlad. “3i Infotech’s key USP is that it has clearly differentiated itself as a software company through a strong focus on software products, along with services to complement its product suite. It started focusing strongly on software products and building an IP-based (Intellectual Property) business model,” opines Harit Shah, Analyst, IT & Telecom, Angel Broking.

Currently, 3i Infotech offers a strong range of software products for the banking, financial services and insurance (BFSI) verticals. “It also has an ERP product, serving the process manufacturing industry and is the third-largest regional ERP player in the Middle East,” adds Shah. The company is also present in the services business with focus on areas like e-governance, which is a potential segment with the Indian government is now strongly focussing on maximising the use of technology to provide more effective governance. Recently, it also acquired Taxsmile.com, which has a product in the e-tax filing space. With India contributing to 31% of its revenues, its geographical mix of revenues also shields it against the fluctuation of the dollar. “The company’s vision is to be a complete solution provider to the BFSI industry,” asserts Shah. Well, having being blessed with that extra third eye, all it takes is a vision & the rest follows...
For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Rolta, relying on…?

ROLTA : HIRANYA ASHAR, CFO

Rolta, relying on…?


Headquartered in Mumbai, Rolta India can well be defined as an Indian MNC. In the past six years, Forbes magazine has ranked the company in its “Asia’s best 200” list for the fourth time. Rolta’s secret can be credited to its dominating presence in Infrastructure and domestic market as compared to other IT companies, which operate in the BFSI segment and international markets. The one thing that the company has strongly focused in the past one year, says Hiranya Ashar, CFO, Rolta, is “the Company’s USP in addressing the niche segments of IT instead of generic IT services segment.” Rolta offers IT-enabled GIS and engineering design services and solutions on varied platforms due to its diverse domain expertise and strong track record of successful completion of end-to-end projects. It has continuously enhanced its strengths and capabilities in all three business areas, adopted and integrated latest technologies through alliances.

May be this is the right strategy for a firm that wishes to achieve a revenue target of US $ 1 Billion over the next 4 years.
For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

Thursday, July 10, 2008

It’s all about the “versions”!!!

Bill Gates is a very rich man today... and all because of one word: versions, says Dave Barry, American humourist

Software release process

Software is typically released in stages. The first release to a customer or alpha release is generally an unstable release still being actively developed and debugged but made available to select users so that the developer can test the users’ reaction to it. The second or beta release is more stable and less buggy and closer to a release candidate. And – even though one can find many, many exceptions to this rule – the gold release in theory is thoroughly debugged and stable. Alpha and beta software releases are understood to be risky by both the developer and the user; the user, not the developer, assumes this risk.

The less than thrilling conclusion

However annoyed one may be by it, no one should be surprised that software products do not have the reliability of a Honda Civic. But the cost of software immaturity and unreliability may be a surprise: In 2002, US National Institute of Standards and Technology estimated that buggy software cost the US economy approximately $60 billion. In making a software purchase decision, do you suppose individual or business users consider that software may cost some portion of their revenue in future?

Since 1817, in USA, the legal doctrine of caveat emptor – Latin for “let the buyer beware”– has meant that a buyer could not recover anything from a seller for product defects which rendered it unfit for its intended use. All users – not only American users – of COTS or Web software should surely beware of their next and all future software purchase decision.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

Wednesday, July 09, 2008

‘Leading’ Times

Rahul Kansal, Brand Director, The Times of India Group on his passion for the success of the ingenious Lead India campaign
Yong minds hard at Work… is what the shining India is all about. This is also the India that Rahul Kansal, Brand Director, The Times of India dreamed about, waiting for the much needed political reforms. Taking thought leadership in transforming India, one of the oldest newspaper dailies of the country made many sit up and take note with their India Poised campaign. Lately, TOI has given a more proactive shape to their reforms agenda with Lead India. From the very first instance, the campaign has been close to Rahul’s heart as he proudly says, “This is our time and this time is about ‘doing’ and doing now.”

The rationale behind the Lead India campaign?

On Jan 1, 2007, we kicked off the India Poised campaign in which we talk about two parts of India. This campaign provided the masses with a forum to themselves talk about what was the India they envisioned and where it lacks. We got a huge response from people across all walks of life and the Amitabh Bachchan video alone got 2,50,000 downloads on YouTube. From this the issue that came to the front was that India is growing but it is despite the political support and we got thousands of responses from which it is evident that faith in the political system had become an all time low and Lead India is all about rolling up our sleeves and getting on with doing something now.

How did you take this initiative forward?

We started the Lead India campaign on the Independence Day that is August 15, 2007, and invited entries from the people to participate in the exercise of choosing the future leaders. There are many people in India who deserve to be running the country and want to do it, but because of the muck involved in getting in, they shy away. So this basically was aimed to be a shortcut to a political career for the young men and women in India. It was an eight city campaign and we choose these cities because the TOI vehicles had to be used and we got 36,000 applications in the first level and now we moved on to getting to the process of selecting one candidate from each city to launch this exercise on TV.

Was the TV launch premeditated?

Yes the thought process was already there. We knew that print is an inactive media and would have to involve television later. We picked up SRK, Priyanka Chopra, et al who are the role models of young India.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)


Tuesday, July 08, 2008

4Ps B&M takes a look at who dazzled & who fizzled in 2007

Everybody – yes that includes Rakhi Sawant, Mika and Greg Chappell – is entitled to their 15 minutes of fame. Some were raved about for their deeds that delighted. Others strutted about the public arena a la emperors, only to find that they had no clothes on. Take a look and chuckle at our exclusive list of Hits and Misses of 2007...

O SO Charming SRK …


He danced, he cried, but more importantly he entertained in 2007. Here’s King Khan’s take on Brand SRK. “Somebody wrote a book on me which says that it’s not because of my humble beginning nor because of the hard work that I have done, I am likable because I can virtually sell anything and everything. Though I disagree with it, it’s an idea. Actually, big brands don’t need SRK, in fact the brands I endorse bring responsibility to brand SRK, to live up to the values of those brands.”


For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)


Monday, July 07, 2008

Structured manner

This figure is shocking given the fact that the MF industry’s primary objective – from the time it was set up in a structured manner – was to motivate households to invest in a rationale manner. What is more striking is the fact that this is the state after 13 years of privatization of the MF sector. Despite the presence of around 32 companies, the MF penetration as a percentage of household savings is a meager 3%. Even when we consider retail investors (those with an investable surplus of Rs.1 lakh and below), less than 15% of the money in the MF market belongs to them; High net-worth investors have undoubtedly overshadowed dodgy retail investors. With all this data, it is but quite apparent that MFs – which were ostensibly positioned as an instrument to multiply the hard earned money of small investors safely – have been hijacked by corporate India. This certainly is a worrisome affair, so much so that M. Damodaran at a recent CII Summit observed that “large investments by corporate houses in mutual funds could generate conflicts of interest; something needs to be done toget more types of money into MFs.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

Friday, July 04, 2008

A SBI man to the core, he’s perfected the art of number crunching...

T.S. BHATTACHARYA... MD, SBI
A SBI man to the core, he’s perfected the art of number crunching...
State Bank of India – India’s largest bank has some larger than life personalities at its helm. One such name is of T.S. Bhattacharya, MD & Group Executive (Corporate Banking). Associated with the bank since 1969, Bhattacharya has held various positions within SBI, among them MD of State Bank of Indore (one of the most profitable subsidiaries of SBI). Bhattacharya temporarily got a chance to head SBI after Chairman A.K.Purwar’s tenure expired, but O.P. Bhatt, the then MD of the bank, managed to race past him to the top post. Awarded the mantle of ‘personality of the decade’ by the KG Foundation, Bhattacharya has played an instrumental role in charting SBI’s success in India and overseas. According to him ‘risk-taking’ is an essential mantra to achieve success and that to ‘think & act differently’ and ‘write your own rule book’ are the two key traits that have helped him to make a difference. “I have tried to do things differently,” he said, referring to his tenure in Jakarta, where he once headed the representative office of SBI. And the banking behemoth concurs.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

Thursday, July 03, 2008

CATEGORY : Online

BRAND : Reliance General Insurance
4Ps TAKE : This time, the Reliance General Insurance online ad asks viewers to be their own boss – by becoming an insurance advisor. The USP? Earn a lot of good money thanks to incentives et al. It’s a well known fact that one reason why the Life Insurance Corporation is such a powerhouse is because of its agents, who are given that extra little. In this ad, the benefits (if you become an insurance advisor) are nicely communicated: how one can plan one’s own business strategies, define your own deadlines, and so on. And we all know that Jr. Ambani scion has been harping about its human capital for a while now. The visual comprising a few smartly dressed corporate guys, is appealing. So are you ready to be your own boss in India Inc.? Then, it’s time for you to rely on Reliance ADAG!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)