IIPM :: Global Economy

Clinton’s successor, George Bush Junior had a proven record of mental alignment with death sentence!

In the same month of his boisterous claim, about 10 convicts were executed across America. Of the 10 that were executed, 4 of them had proven records of mental illness. The record of ‘humane’ America doesn’t stop here. Clinton’s successor, George Bush Junior had a proven record of mental alignment with death sentence! As a Governor of Texas, the death penalty sentences reached a crescendo. His 5 year reign as the Governor of Texas had seen a total of 152 executions. That figure constituted almost 20% of total executions taken up across the United States. Things haven’t changed much as even now Texas conducts more executions than any other state in the US, with around 470 executions in the year 2005 alone. As a staunch supporter of the death penalty-based judicial system, Bush was pushed on the defensive when an instance of his support to the execution of critically schizophrenic patient (who was later executed) was brought to his notice. The above mentioned case related to paranoid schizophrenic Larry Robison.

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Aulanko Park is more of a natural reserve nowadays

“Aulanko Park is more of a natural reserve nowadays, a bit of a haven for nature-lovers,” was the delightfully blithe interjection from Arttu. Which is when I realised… Finns might be beset by a brooding melancholy (a trait known locally as Sisu), but given time they too shun their taciturn shell. Onward we headed for the oddly named city of Turku, which at one time bore the distinction of being the most important city in Finland until the early 19th century when the Russians crashed the party and instead nominated Helsinki as the capital city. That tilt in the balance of power was never upset, but Turku is now renowned as much for its historical significance, the calming beauty of the nearby archipelago and the number of festivals it plays host to, a sumptuous feast that includes rock festivals and various other music festivals and a renaissance faire to boot. So who cares if they’re no longer the figurative kings of Finland, these Finns sure live life king-size. For all its beauty, the one thing that outshines all others is the archipelago off Turku’s coast. As your boat cuts a swathe across the waters and moves past neverbefore-seen wooden houses and saunas (“a popular Finnish hang-out joint”, according to my Finnish amigo), make sure you don’t miss the woods for the trees though, (literally!)… the forest is a sight to behold. This scenic beauty, coupled with the yachts bobbing along, cannot fail to transport you to a pleasant place, be it so in your mind or otherwise… Time does fly when you’re either busy or too enamoured to notice that it has flown by, and before it could dawn upon me, Helsinki beckoned my return, the marker of a (in my mind) swift end to my sojourn. Some countries you visit only to leave it, whilst some you visit never to have it leave you. Finland, I have come to know, falls in the latter category… For more information on IIPM Editorials, please click here..., Also visit: Arindam Chaudhuri Initiative

Source: IIPM Publications and B&E

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The world-over, radio advertising is led by retail clients... (IIPM Publication Article)

When asked about ad revenue break up, Apurva Purohit, Chief Executive, Radio City elaborates, “The world-over, radio advertising is led by retail clients, as radio offers a local and cheaper option compared to other media vehicles. However, currently about 70%-75% of the revenues still comes in from the corporate clients.” But this phenomenon is in for a change; once radio reaches small cities or towns, it will be the only local medium available, thus giving a complete turn around to local advertising in India. “Local advertising is informative and meant for quick action, national advertising is usually about brand building and brand awareness,” adds Barua. Coming back to the million dollar question of who will survive and how? Considering India’s cultural and regional diversity, which has given birth to many successful regional brands, one is tempted to believe that a lot of regional FM channels will dominate the air waves. But Timmy Khandari, Media Analyst, PwC has a somewhat different view, “The one with the largest footprint in the country will survive, since national advertisers will get to reach out to a wider audience through them.” Well, local or national; general entertainment or specific, all will ultimately depend on the way channels package and modulate themselves (region-wise) to woo their listeners. After all, content is still the king. Ain’t it?

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Editor: Arindam Chaudhuri; Source: IIPM Publication

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Pantaloon (IIPM: 4Ps Publication)

From rags to riches, it’s been an eventful journey for this pioneering manufacturer & retailer, a company that traces its origins back to as early as 1987 and now boasts the title of being the country’s leading player in the organized retail garment sector with a turnover of Rs.1,073 crores to brag about. They have made their presence felt in myriad sectors, such as food, fashion and footwear, home solutions, consumer electronics, telecom, IT, e-tailing, leisure, entertainment, financial products and services, to name but a few in its kitty. Catering to a wide section of the market, Pantaloon retail (now christened Future Group) was quick to seize the first mover’s advantage by launching Pantaloon trousers, India’s first formal trouser brand. By opening the doors of the ‘Pantaloon Shoppe’ in 1994, Kishore Biyani, the owner, heralded another innovative strategy of the distribution of branded garments through multi-brand retail outlets across the span of the nation. Not satisfied with such galloping growth, they lived up to the euphemism ‘bigger is better’ by launching Big Bazaar, which was India’s first hypermarket chain (with Food Bazaar being the food retail unit). Plans are afoot to enter the domestic fast foods business with the initiation of a branded retail outlet baptized ‘Chamosa’. Even international giants like Diageo are tying up with Pantaloon to sell products in India. Pantaloon has proved to the world that all it takes to implement innovative business plans is just straightforward vision; what this group surely doesn’t have less of.

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Editor: Arindam Chaudhuri

Source: IIPM Publication

Legend goes that once Ch’ang Ch’un, a Taoist monk, journeyed...(IIPM Editorial)

Khan was tolerant of all religions and instated tax concessions for religious figures, doctors and teachers, and even helped develop the script of their language. Khan transformed the lives of the nomads by providing them with the comfort of order (though at the cost of severe punishments, most often death, for breaking any of the laws) and laid the foundation for Mongolia’s most glorious period. Legend goes that once Ch’ang Ch’un, a Taoist monk, journeyed across 5,000 kms for a rendezvous with the original King Khan and the first query Ch’ang was confronted with was if he had the elixir of life, the path to immortality! The monk clearly couldn’t oblige, for Genghis Khan breathed his last on August 18, 1227. But you’ll feel him throbbing in the nation‘s veins right from touchdown at the Chinggis Khaan International Airport, to hotels named after him, and meeting people from a population comprising 8% of his direct descendants! And yet the pride in their eyes as they speak in utter reverence of the legend cannot be missed, forcing you to wonder if the monk did manage to fulfill Genghis Khan’s yearning for immortality after all…

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Source: IIPM Publication, Editor: Arindam Chaudhuri

Restructuring – Key to success :: IIPM Publication

Encouraged by the developments, Subhash Chandra has decided to undertake a restructuring exercise (subject to shareholder approval) to hive off Zee Telefilms into four separate entities to unlock hidden value and create strategic depth. Zee News and regional channels will form a separate company called Zee News Ltd. The cable business will be run by Siti-Cable Network Ltd. DTH and future digital operations will become Wire & Wireless (India) Ltd., and Zee Telefilms will remain the flagship business. Subhash Chandra stated while declaring results for the quarter ending March 2006, “We are confi dent it (hike in advertising rates announced by Zee) would start reflecting in FY2007 revenues.” For the financial year ending March 2006, Zee Telefilms Ltd. earned revenues of Rs.10.51 billion and operating profits of Rs.2.41 billion. Zee News Ltd. clocked revenues of Rs.2.01 billion with operating profits of Rs.257 million. The cable business, however, saw poor operating profits (Rs.17 million). DTH remains a money guzzler with operating loss of Rs.751 million. Since 2005, the value of the Zee scrip has more than doubled and was quoted at Rs.245 on July 11, 2006. Says a Merrill Lynch report, “Zee TV has finally overtaken Star Plus in the 9-10 pm band... Also Sony-Discovery alliance channels are now on-air on Zee’s DTH platform Dish TV, improving its content offering.”

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Source: (Business&amp; Economy), IIPM; Editor: Arindam Chaudhuri

IIPM Publication: Immelt puts two of GE’s traditional strengths...

In a conversation with Editor Tom Stewart, Immelt pointed out that the challenge has been “to take this great operating company and not lose anything, but add to it.” The nature of the addition? A new and disciplined focus on organic growth. Immelt puts two of GE’s traditional strengths – process orientation and the ability to develop, test and deploy management ideas – in service of a different goal. That meant designing a process that could reliably draw new revenue streams from existing businesses. The goal GE has set for sustained organic growth – two to three times the growth of global GDP – translates to about 8% today. No company has ever achieved the kind of growth GE is seeking, and certainly not on a revenue base of $150 billion.