Showing posts with label IIPM-News. Show all posts
Showing posts with label IIPM-News. Show all posts

Thursday, May 09, 2013

Shifting your focus to match customer needs

It is critical for organisations to adopt a scientific approach to understanding how they can meet customer needs, and to firmly ingrain a customer-focused culture throughout the organisation
 

We have often heard the phrase, “Customer is king”. While it is self-evident that higher satisfaction levels give a company an edge over sales, company growth and reputation, what it really does in the long term is to ensure that existing customers stay happy, resulting in better relationships and happier employees. Customer-focused companies are more attuned to the market and better able to stay ahead.

I refer to Harley-Davidson’s customer focused culture as one of the best in the world. It is the longest, continuous manufacturer of motorcycles in the US and has outlived nearly all of its competitors. In the twenty short years since Harley-Davidson started its Owners Group programs, it has grown to over 500,000 members & each of them own at least one motorcycle. The question to ask is: Is there any other consumer product in the world that will prompt customers to travel over several continents to be part of a group experience? Customers and employees alike take great pride in their affiliation with the company and this continues to make Harley-Davidson one of the great success stories of our time.

There is simply nothing – nothing – more important than getting to know the needs of your customer in a detailed and scientific manner. In the words of Michael Dell, “By spending time with your customers where they do business, you can learn more than by bringing them to where you do business”.

80% of companies believe they deliver a superior customer experience; however, only 8% of their customers agree. Why? Your customers are looking for maximum value when spending their hard-earned cash, particularly in this economy. The customer experience requires the active participation of everyone in your organization. This is where the word “Satisfy” comes into play. What it means is that your company is providing nothing more or less than what the customer expects. Creating a customer-focused culture is a proven strategy for both short-term success and long-term growth.

Going by the industry’s best practices, let me share with you some key insights into what will really work for you or your company.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Thursday, March 28, 2013

B&E Indicators

Global M&As on the rise

Global M&A deals in 2010 closed at $2.4 trillion, a 23% increase from 2009 after 2 consecutive years of 31% decline. Deal volume also increased, but only by 3%, suggesting that bigger deals were being concluded. Asia Pacific deal value jumped 31%, reflecting global interest in the fastest growing region in the world. In fact, Q4 2010, with $202 billion in announced deals, set a new record as the busiest quarter based on deal value.

A boom in Asia Pacific deals

Asia Pacific M&A deals (by target nations) closed 2010 at $574 billion. They grew by 33%, faster than the rest of the world and accounted for 23% of global M&A deals, up from 22% a year ago. Though Asia Pacific deal volume fell 1% y-o-y to 12,777 deals, the average deal size increased 33% y-o-y. Not surprisingly, China once again led Asia Pacific M&A with announced deal value of $135 billion, followed by Australia and Japan.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Tuesday, March 12, 2013

The Lara Workout

It’s fashionable to be fit, and after Shilpa Shetty and Bipasha Basu revealed their secret workout plans on fitness DVDs titled Shilpa’s Yoga and Love Yourself respectively, it’s Lara Dutta’s turn to enter the fray to become a fitness diva. Titled Yoga: Recovery and Rejuvanation, this is the first of a series of 3 DVDs she plans to launch. We wonder which Bollywood star will follow suit and try to rejuvenate their careers too!

Read more.......

Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Monday, March 04, 2013

Ford's new outlook towards India

Ford India President & MD Michael Boneham has worked tremendously hard on his India basics since appointment. In an exclusive interaction with sanchit verma, Boneham talks about Ford's new outlook towards India

B&E: How is Ford applying its One Ford strategy; do tell me about the brief given to you about the strategy while coming to India?
MB:
The brief was all about ensuring that the products we are going to deliver to the Indian market are sourced through the global market platform, global product engineering, global development strategy that also meets local needs. And some of the local needs we see with Ford Figo are to provide outstanding value for money, great fuel economy, great technology available to differentiate the product from the competition. You must be seen in the 70% market in India because if you are not, you are not a major player in India. We utilized the resources of the Ford global team; the one team which we have had, to deliver an outstanding launch of Figo and put together a strategy that we use in the global platform as we move Ford. We are not going to have legacy brands any longer for India. We will have the V-car platform, C-car platform and we are going to utiize them across the globe, utilize the economies of scale to get the costs down so that we can price it efficiently and use outstanding engine technology to give outstanding class leading fuel economy. In India, that is a tremendous selling point and if you don't have fuel economy, you are not in the race. If we look at the Ford global strategy, it fitted beautifully with India's strategy plan. The better India plan!

B&E: With major players like Maruti, Tata already having a major share in market, what are Ford’s plans to become a major player?
MB:
Firstly, we are going to be 'in' the segment. Secondly, we will be delivering outstanding value for money. This is not something which happens overnight. It is something which grows when customers start to accept your products in this segment in which we have just got in. So you have to ensure that you have great value for money. Cost of ownership is a positive story where we needed to work and we have done a lot of work. Cost of ownership for Ford Figo is very light as compared to big players. We have worked very hard on component cost, part cost when there is replacement, we have worked very hard on what we call the ‘child part’ strategy in which you can buy one small part rather than buying the whole assembly. For instance, you can buy the skin of the door panel if you meet with an unfortunate accident and someone winches your door away. You can just change the skin without changing the whole door. It’s the 1st in the Indian market and no else does that. Unfortunately, accidents are a reality of life in Indian roads, so that was an unbelievable level of creative thinking. So we worked hard on that body strategy to ensure what could we do so that the vehicles were in the great quality range while retaining low cost of ownership.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Wednesday, February 06, 2013

Even Viagra may not work!

Losses of patent rights in the pharmaceutical industry prove how the biggest of dreams can turn into the worst of nightmares. And there are no exceptions. by steven philip warner

It wasn’t just another day for Jeffrey Kindler at office. Kindler, for the past four years, had been serving as the General Counsel at Pfizer. It was precisely two days ago, when he had been hastily appointed as Pfizer’s CEO. He switched on his office desktop for the first time and typed-in an email to Pfizer employees, which read thus: “July 31, 2006: To meet our challenges in a rapidly changing industry, we will need your continued help. I would like to discuss our challenges openly...” The note was headlined: “We move forward from a position of strength.” This was to some surprise, as his firm had been clearly suffering a stagnated top-line and a falling stock (which, under his predecessor Henry McKinnell, had fallen by 43%). Today, a Ronald McDonald shoe and a rubber chicken (that he was gifted by his bosses at McDonald’s on his exit) are placed neatly in a shelf in his New York office, and it serves as a reminder of his being the first big pharma CEO who had had no previous pharma experience (before becoming the General Counsel). Under Kindler’s watch, in May 2008, Pfizer’s stock price nosedived to the sub-$18/share level only for the second time in over 12 long years. As of March 2010, the stock is gasping at $17.75. Pfizer’s revenues have continued being indifferent to Kindler’s presence (they’ve hovered between $47 to $49 billion!). But the biggest worries of Kindler go far beyond just the humdrum tales of a battered stock price & a browbeaten bottomline (its net profit for FY2009 represents just 43% of what it earned four years back!).

It’s amusing how one man’s meat can become another man’s poison, even in the world of pharma. For his predecessor Henry, the acquisitions of Warner-Lambert (in 2000 for $90 billion) and Pharmacia (in 2002 for $60 billion) proved to be glorious moments (as the first deal gave Pfizer a control over the world’s no.1 selling $11.4 billion-a-year drug Lipitor, while the latter helped it pocket its now third-bestseller Celebrex, which earns $2.5 billion-a-year); for Kindler, the very same deals are now giving nightmares of a dry drug pipeline! Today, Kindler is grudgingly shouldering the burden of launching blockbusters to make up for the loss of its patents over the next few years.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Tuesday, February 05, 2013

BPO INDUSTRY: EMPLOYMENT SCENARIO

Good ol’ B.O is worried that Indian (and Chinese) BPOs are taking away American jobs! His worries might actually be true, irrespective of whether he can do anything about it

Even Gaurav admits that his work pressure has almost doubled over the last one month, much to an extent that his company is contemplating options to add three new faces to his team. In fact, he is also expecting a 15-20% hike in his salary this year. And why not? As per Nasscom, the industry can achieve an export target of $60-62 billion by FY2011 employing 2.5-3 million professionals directly. Even as per IDC India estimates, the domestic BPO market is expected grow to $6.82 billion by 2013 at a CAGR of 33.33%. “But, to succeed, these companies will not only have to strengthen their focus on domestic outsourcing business, but will also have to expand their client base across industries while paying heed to process efficiency & service delivery through technology advancement. Companies should now look at Shared Services Center (SSC) design and execution as one of the key focus areas to deliver a more significant impact on their client’s business,” cautions Rajeev Sharma, Director, Osource India (an outsourcing service provider for BFSI, Telecom, Pharmaceuticals & Hospitality companies).

Even big wigs like TCS and Wipro are quite bullish on their hiring plans. While TCS plans to hire 30,000 employees in FY2010-11, HR managers at Wipro too are looking forward to add 7,500 people to the company’s payrolls and that too over the next six months. In fact, Wipro has just given a pay hike (8-15%) to its employees. However, the irony is that despite having an impressive track record (pre-recession) and remarkable future estimates, the outsourcing industry in India still suffers from hitches like lack of staff with right skills & high attrition levels. But, is there a solution? As per experts, the best way out for companies is to treat employees as their internal customers apart from following the Pyramid rule while infusing fresh talent in the company (so that a clear growth path is defined at the beginning itself). Also, cross training at all levels by domain experts is required in a big way. Moreover, the shared service functions (HR, Finance, IT Support, et al) should be made on fair parameters of performance, rewards & responsibilities.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Thursday, January 03, 2013

Who’s killin’ whom?

Breed them, feed them and then eat them – contracting animal diseases frequently might just be their way of getting back at us…

Cultures across the world, for eons, have justified the slaughter of animals for the consumption of mankind, ‘because God/Nature created them for our sustenance.’ But today, sustenance has become the cornerstone of commerce and the meat industry, allegedly, has become a needlessly cruel and literally blood-thirsty enterprise. So now, is the animal farm hitting back? ‘Swine flu’ (H1N1 virus) is the latest casualty that has hit the western world and is worrying everyone around. As the name suggests, it is the virus that often causes influenza outbreaks in pigs, especially during the late fall and winter months. While the season of the outbreaks of their ‘common cold’ is similar to humans,’ the symptoms (running nose, coughing, sneezing, fever, laziness etc.) are surprisingly similar too. Normally, swine flu viruses do not infect humans. It is the direct exposure to pigs in either a breeding farm or fun fair that leads to infection in humans and is contagious like regular influenza. “It is a different strain. Though cold and cough are the symptoms, the body might not be immune to it. In those cases, it can take shape of a lethal pneumonia and may cause death,” says Dr. S. M. Sachdeva, Senior Consultant Cardiologist.

It is the horrifying memory of the biggest and the deadliest global endemic, Spanish Flu (a subtype of H1N1 virus and similar to swine flu) of 1918 which causes concern and panic every time such influenzas surface. It shook the world when 40 million people died. In Spanish Flu, pneumonia doesn’t even get the time to establish itself and the patient dies of the virus within hours of contracting it. The virus causes an uncontrollable hemorrhaging that fills the patient’s lungs with his own body fluids.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles.

 

Friday, December 07, 2012

RELIANCE RETAIL: RATIONALISATION

Reliance needs to engage with a global partner for its back end

“Reliance Fresh failed because it was too aggressive with its strategies and wanted to capture the entire market without leaving any space for the middlemen and local retailers,” points out a Mumbai-based retail specialist. Reliance had planned to establish its C&C business (which has attracted international big wigs like Walmart, Tesco, Carrefour, Metro AG, et al) in Tier-II cities. However, tough economic conditions demanded conservation of cash reserves, so that business was scrapped.

Winston Churchill had once said, “If you are going through hell, then keep going.” Indeed, Reliance must keep going, but wthout repeating the mistakes of its past. Quite logically, Reliance will have to cut the flab that it developed in such a short amount of time. The company is also mulling over international tie-ups for back-end support. That is a prudent strategy, which has served players like Bharti & Tata well. Outsourcing supply chain management is more cost effective and feasible, especially for a geographically scattered country like India.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.


 

Thursday, December 06, 2012

Wyzer or Pfyeth? (Whatever...)

Pfizer’s bid for Wyeth makes sense; but it suffers from the fundamental problem with M&As – high risk!

Abuyout offer? Nothing new about it... Recession? Again, not a new occurence... Now, combine the two and there you have your eyes opened, and wide! And here’s Pfizer proving why both can coexist, through its $68 billion bid for Wyeth. In the name of cost synergies, Pfizer hopes to save $4 billion annually in operational costs via streamlining of activities. But as researches over time have proven, most big-ticket M&As have failed to generate any synergy! So here’s the question – is the deal logical?

Pfizer faces a major challenge of new drug development as its patent for Lipitor (that contributed to $6 billion in FY2008) will expire in November 2011. And that gives a ‘real’ reason for the merger – revenue generation! Wyeth’s core competence is in R&D. About 350 scientists in its labs are solely working on the much-awaited drug formulae for treating Alzheimer’s disease that can become the next drug wonder for Pfizer (generating revenues up to $20 billion annually). Currently, every major drug company is working on a drug to treat Alzheimer’s, and Wyeth having already invested more than $1 billion in the same, naturally gives Pfizer an automatic lead. Then there are other drugs that would fall into Pfizer’s basket through the deal, like Enbrel (an arthritis drug) that earned $3.8 billion in revenues for Wyeth during 2008, Prevnar (pediatric vaccine) that generated $3 billion in 2008, Xyntha (a hemophilia treating drug) that could help garner $1 billion in 2009. Naturally, it is revenues that entices Pfizer more! Commenting on the deal, David Lugg, Credit Analyst, S&P, quotes, “The company will reap the benefits of scale and be able to reduce costs. But revenues look more appealing a reason...” Credit Suisse also upgraded Pfizer’s stock status from “Neutral” to “Outperform” based on the merits of the deal. (In fact, Credit Suisse had long recommended a deal between the two.)


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.

Monday, December 03, 2012

In Defence of Capitalism

 Many of you might think I have gone bonkers for defending Capitalism at a time when financial cataclysm is creating mayhem across the world. After all, America symbolised Capitalism and it does appear as if Uncle Sam is being destroyed by Capitalism. You could say that it is de facto 'nationalisation' – the ultimate symbol of socialism – that is saving America from financial destruction and ruin. There is no doubt that without the Federal Reserve and the Treasury Department – both arms of the US government – the American economy would have collapsed by now. The titans of Capitalism – General Motors, Ford, AIG, Citi... – have gone to the American government with a begging bowl, pleading to be saved from the very beasts of Capitalism that they used to flaunt so proudly till recently. For all practical purposes, America has turned decisively socialist. Similar things are happening in Europe, Japan and other so called citadels of Capitalism. With all this as the factual backdrop, how can I claim that Capitalism is still the best option for economic growth, poverty reduction and overall prosperity? How can I make such a seemingly foolhardy statement when even drum beaters of Capitalism like Alan Greenspan are suffering from a spasmodic bout of Mea Culpa?

The answer is simple. In the rush to denounce 'Capitalism' and its wild excesses that have created this crisis, there is fundamental confusion over all important terms like Capitalism, Market, State and Regulation. What we have seen in America over the last two decades or so is not Capitalism in the classical sense; you could call it Crony Capitalism or 'Financialism'. American capitalism was triumphant when General Motors, General Electric, General Mills, to name just a few, were the standard bearers. America manufactured the best products, provided the best services and hence ruled the world economy. But then, it turned into 'financialism' where Wall Street rocket scientists kept creating bubbles and hoodwinking the world.

They were joined in the farce by credit rating agencies. And they deliberately fostered a lie that ''markets'' are always perfect and that the State and Regulation are relics of an old era. The problem was that vast swathes of the world bought this hideous lie. Regulation in America had become a joke over the last two decades, with the State and regulators brazenly siding with the fat cats. If regulation is absent or biased, then Capitalism loses its core essence. Imagine a game of cricket between India and Australia where Andrew Symonds is the Umpire. Something similar happened in America. And we are all paying the price. But please, do not denounce Capitalism and the market as the twin evils. They are far from perfect; but they still deliver the best results and will continue to deliver the best results as long as the players in the game of Capitalism are supervised by an unbiased referee who blows the whistle when there is a foul.


Source : IIPM Editorial, 2012.An Initiative of IIPM, Malay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.

Saturday, December 01, 2012

MARGARET ALVA: RESIGNATION

Alva's statement and resignation may start series of apprehensions

Following her charges, veteran Congressman and President of the party’s Scheduled Castes Cell, Yogendra Makwana said that the party should not sit idle over the issue and should look into the matter.

What was first looked at as an 'emotional outburst' has, after the remarks, from Makwana taken a different turn altogether. It shows clearly that there is apprehension within the Congress circle and if the leaders don't take the matter seriously, then it may set off a series of chain reactions. At this point of time, Congress is not ready for any such problem as the crucial Assembly Elections are nearby.

Many Congressmen may be saying that Alva's statements and her consequent resignation will not make any difference to the party, but it is worth noting that it has been a long time since a senior Congress leader has come against the party and taken some stand.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

Friday, November 30, 2012

IRAQ: US IRAQ SECURITY AGREEMENT

To be able to maintain peace and security in Iraq, al-Maliki would need approval from the opposition

However, he can only bank on the endorsement of his own Dawa party and Kurdish bloc that have 27 and 58 seats respectively. Faction of rebellious Shia cleric, Muqtada al-Sadr, with 32 seats, resists the deal, whereas al-Maliki's Shia coalition partner, the Supreme Iraqi Islamic Council (SIIC), with 30 seats, is still sceptical of lending its support.

Talking to B&E on the withdrawal, noted Iraqi expert at Centre for American Progress, Sean E. Duggan said, “An indefinite US military presence will reverse the calculations of Iraqi opposition groups – most notably the Sunni Awakening forces and the Sadr movement – that have been critical in bringing about short-term security improvements. Therefore it is extremely important for al-Maliki to assure its approval.”

Muqtada al-Sadr also opposes any accord that would maintain US military in Iraq. And Shiite-dominated Iran, which exercises substantial sway among some Shiite parties, also opposes the accord. The support of other parties will also depend on Baghdad’s demand of getting authority to arrest and try Americans accused of crimes unrelated to official military operations. Looks like tough times ahead.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

Friday, November 23, 2012

EU PRESIDENCY: FRENCH CANDIDATURE

Sarkozy seems to be more of loose cannon than one bargained for

With such chaos, Sarkozy will have tough times ahead. Talking to B&E on the issue, Philip Whyte, an expert on EU politics at Centre for European Reform, said, “He continues with the French tradition of finding scapegoats. He has accused the ‘Polish plumber’, the Chinese currency, Anglo-Saxons – all external scapegoats – for the misery of EU. He is on the verge of being dismissed as a cynic by sensible European leaders.” Tough luck. It is in all probability expected that other EU governments will make sure that the ever more protectionist and populist propositions from Sarkozy are resisted.

An added French objective is to forbid coverlet protection for unlawful immigrants. Italy and Spain have legally recognised hundreds of thousands of black workforce in recent years, effectively changing the black economy into dynamic taxpayers. Even if France is triumphant in forbidding immunity, the migrants will keep pouring in – only they’ll stay put in the black economy, where they are more probably to be subjugated. Sarkozy had hoped that at least one day he could be in the news devoid of Bruni! Voila, his wish seems to have been granted!


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

Thursday, November 22, 2012

Green to the gills?

Here’s B&E’s lowdown on how to walk the ‘green mile’ without losing your way!

Nothing in the last few years has gained so much prominence the world over as much as global warming and climate change have, so much so, that from the food we eat to the clothes we wear, and from the cars we drive to the houses we live in, everything has been re-engineered and redesigned to make it more environment friendly.

But all this noise has also led to confusion in the minds of many. Just the other day I caught up with a friend who is ever so determined to reduce her carbon footprint. She drives 20 kms to this shop that sells organic food when she could easily buy inorganic food from the neighbourhood store, or better still, order it over the telephone just so she could do her bit for the environment. Usually the one to have all the answers, she asked, “Should one buy organic vegetables produced in far away places or inorganic stuff grown nearby?” Now that’s probably getting too deep into the matter, I thought. But if you belong to the school of thought that thinks that the whole deal gets a little confusing at times, there are simple things that could make a difference. Information overdose has had the most conscious of people confused. That said, we do have a problem at hand and a little thought is all it’ll take for us to make a difference.

So, how much is enough and what should be an individual’s contribution to achieve a meaningful result? According to Greenpeace, Reduce: The next time you buy something ask yourself whether you actually need it. Reuse: Unfortunately, we’re all part of a consumerist society. We go for a new and improved version of a product even if the one we already have works just as fine.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

Tuesday, November 20, 2012

Kemal’s secular fundamentalists

Turkey is increasingly being pushed towards a new kind of extremism

When Mustafa Kemal Ataturk established modern Turkey, he envisioned a nation free from all kinds of fundamentalism, including “Islamism” and “Turkishness”. Perhaps he never knew 90 years hence, some of his followers will push it towards a completely different kind of fundamentalism, best described as militant secularism. In what may seriously damage political stability in West Asia, secularists or Kemalists, as they are called, are in the advance stages of banning the ruling party!

The ruling party's decision to lift a ban on female students wearing the Muslim headscarf at universities was seen as a catalyst for the closure case, the indictment for which is packed with references to the headscarf. A couple of months ago, the Constitutional Court had accepted a case by the Court of Appeals’ Chief Prosecutor, who sought closure of the AK Party.Appeal’s chief prosecutor also wants as many as 71 members of the AK party banned–that includes President Abdullah Gül and Prime Minister Tayyip Erdogan–over charges of “breaching Turkey's constitution by supporting Islamist activities.”


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

Thursday, November 15, 2012

A pricey Russian wedding?

While PepsiCo sees greater inroads into Russia, all that experts can see is a marriage going bad

In love with a Russian... and married soon after – that’s the latest at PepsiCo. This $115.6 billion giant (nyse), which today commands an incredible global market share of 31.1% (as per Beverage digest) has fallen in love with a healthy, juice producing Russian company, christened ‘JSC Lebedyansky’ (world’s sixth-largest juice manufacturer). The marriage dowry however is ‘beyond’ fair at $1.4 billion for a 75.53% stake in Lebedyansky.

Justifying the takeover, Michael White, CEO and Vice-Chairman, PepsiCo International states, “This agreement provides us with a strong platform for continued expansion in one of the world’s fastest growing juice markets and advances the global transformation of PepsiCo’s product portfolio.” According to ubs ag, Russia’s juice market is currently valued at $2.5 billion and is expected to grow by 10% a year through 2010. Even Euromonitor International has stated that the fruit and vegetable juice sales volume in Russia has grown by 73% (in terms of volume) from 2002 to 2007. So does this prove that this bait is all fleshy?


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.