The Human Factor
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In the whole number game, some wonder, what about the human factor then? Well, so far as the employees are productive, the human factor remains. “I’m afraid that the obsession with quantifying employees in terms of performance metrics and skills development might lead to that attitude,” expresses Vivek Patwardhan, VP (HR) of Asian Paints.
But, the true branding of HR, or even an organisation is based on the people a company employees. As they say, the true ambassadors of a company are its employees and customers. Vivek agrees when he says, “A company must invest in creating a DNA which is reflected in every employee. Then a company can proudly say ‘mera wala employee’.” Well, as management gurus speak of value; and when value is expressed in numbers, it’s time for HR gurus to follow suit too, of course, with that human factor included. So if you were looking out for a means to delivering (measurable) high performance, you know what to do!
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Source : IIPM Editorial, 2007
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
Thanks to US profligacy, the world has had a tough year. And it’s not getting any better
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The world survived 2006 without a major economic catastrophe, despite sky-high oil prices and a Middle East spiraling out of control. But the year produced abundant lessons for the global economy, as well as warning signs concerning its future performance.
Unsurprisingly, 
2006 brought another resounding rejection of fundamentalist neo-liberal policies, this time by voters in Nicaragua and Ecuador. Meanwhile, in neighboring Venezuela, Hugo Chávez won overwhelming electoral support: at least he had brought some education and healthcare to the poor barrios, which previously had received little of the benefits of the country’s enormous oil wealth. Perhaps most importantly for the world, voters in the United States gave a vote of no confidence to President George W. Bush, who will now be held in check by a Democratic Congress.
When Bush assumed the presidency in 2001, many hoped that he would govern competently from the centre. More pessimistic critics consoled themselves by questioning how much harm a president can do in a few years. We now know the answer: a great deal.
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Source : IIPM Editorial, 2007
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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Hungary outlook
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Just as
long drawn economic reforms are beginning to materialise, the country is becoming more open to the world. Today, Hungary is quite liberal towards trade, investments and also bilateral relations. And this throws open a galore of opportunities. It’s time for India to brush up its past relations and cash in on the investment vistas that the ‘Pearl of the Danube’ has to offer...The legendary Hungarian hospitality has over the decades drawn connoisseurs to its heritage of pristine architecture and stunning scenic beauty. With a galore of historical artefacts ranging from ancient Roman ruins to magnifycent churches & palaces, awestruck beholders can feel the rich history flowing in their veins. Even nature has blessed the land with the spas, springs and lakes that justly earns its capital the title of ‘Pearl of the Danube’. But as is the norm with most blessed lands, the balance is drawn when it comes to the economic prosperity of its people. And this country too, after suffering throes of economic hardships is now retaliating with a new fervour under the resilient leadership of Prime Minister Ferenc Gyurcsany. One may give the credit to the premier whose visions have paid off . Now the country seems to be back on the growth trajectory and boasts of openness like never before. Hungary’s accesssion to European Union (EU) will further fuel liberalisation of the economy and open new doors to the world. There’s a lot that the country has to offer and Indian businesses and entrepreneurs should not ignore Hungary’s call.
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Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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....ends up in ‘wool’len wear!
Winter
is here and so are the wool manufacturing & processing companies. And the Ministry of Textiles was not far behind for it noted a significant increase of 7.3% in the production of wool during the first quarter of 2006-07 over the same period last year. And it’s certainly not true that it is just during the previous year that this industry has actually done well, for it has performed much better than most of the sectors in the Indian economy for years now. For instance, during 2004-05, the exports in the woolen textiles grew by 20% compared to the previous year!But then, there are critical challenges for the industry. Dr. S.K. Chaudhari, Regional Director, Woolmark Company (India) observes, “The task at hand is to successfully achieve internationalization and innovation and the industry has to gear up for this challenge.” Another major force needed for the industry to thrive is ‘strategic alliances’ coupled with ‘newer market entries’.
Thankfully, many entities have seen the light of day. Raymond recently announced a 50:50 joint venture with Italy’s leading woollen fabric manufacturer, Lanificio Fedova, which will help strengthen its presence in the shawls and jackets segment. In 2005, leading industry major, Oswal Group (now renamed Malwa Group) came out with its new range of denim coloured ‘Indigo Wool’. Rishi Oswal, MD, Oswal Group says, “We would be targeting markets like Europe and Japan for branching out into the upper echelons of the woollen fabric segment.”
Today, even leading fashion designing schools like NIFT are introducing their students to finer elements of design using wool as a medium to capitalise on the opportunity presented by the elite casual wear segment. And today, despite Italy, Taiwan, Hong Kong and Mauritius collectively accounting for 80% of the world’s total exports in knitwear, India too has displayed great potential, which of course will materialise only with proper initiatives. Only then can the industry be worth its weight in wool...er...gold!
Edit bureau: Preeti Chaturvedi
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Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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