Thursday, August 31, 2006

IIPM Knowledge Centre > Marketing > Whats in a Name


Articulate or irrational, juvenile or mature, an impulse or a whim… it really does not matter as long as your moniker delivers the goods, says NAVEEN CHAMOLI
How would you like to wake up one morning without a name? The question sound’s bizzare, doesn’t it? Actually the scenario would present an uncomfortable situation for just about anyone in whose life such a momentous event unfolds. Okay, now just imagine a Fortune 500 multi-billion dollar company being confounded with a similar fate. Visualise the mayhem that would be unleashed on the unsuspecting employees, markets, shareholders, debtors, creditors, competitors, not to mention the bewilderment of the consumers. Get the picture? No. Okay. Let’s look at the life-saving questions that neo-entrepreneurs try to answer when launching a new company: Will venture capitalists fund the project?; Will talent buy into your vision and join you?; What is the revenue model?; When will you break even?; How big is the market?; Who will be the competition?; Is your product/ service/ technology unique? The questions, each more critical than the other never cease. Unfortunately, in the pandemonium, an equally important question loses out: have you thought of your product’s brand name and what should your brand stand for? Egads! Questions and more questions. One hopes that by now the reason for all the above theatrics and hysterics is clear. Typically, brands are worth 10-20% of a company’s capitalisation, often worth even millions and sometimes billions of dollars. Just as naming your new-born baby is important for his unique identity in society, so is naming your brand crucial to your company’s development. No doubt, naming is an emotionally loaded topic, for parents, consumers, organisations and even countries (refer the confusion over naming us India, Bharat or Hindustan?)

Phonetics, Allusion,Alliteration or Plain Genetics
You could be a chief engineer for General Motors who quits and buys the Maxwell automobile works, and changes the car name to his own. But then everyone is not Walter P Chrysler. Be social. Talk to your employees and their families and you could possibly name your car after one of their daughters, Miss Mercedes.You enjoy the Grand Prix! Then you could name the fifth car company to be acquired under your General Motors flagship after your favourite Swiss-born race car driver: Louis Chevrolet. You could be a designer working under the personal supervision of Herr Fuhrer Adolf Hitler on what the latter called “the peoples’ car” – the Volkswagen. Later you could use much of the engine and chassis parts to build a sports car which would bear your name or at least apart of it: Dr Ferdinand Porsche.You could be standing in front of a shaving mirror, in the year 1885 with your razor performing its job as well as always. Suddenly you realise that very little of the blade was actually used in the shaving process.

Could there be a new type of blade, one practically all edge. And one that made shaving cuts and accidents nearly impossible… better still disposable. Then before your competition could say ‘Jack Brown’ you designed a blade that was thin, flat, efficient, cheap, and disposable. And well, your surname happened to be Gillette, so you decided to dedicate your idea to yourself. Congratulationsand welcome!You could also be a pharmacist. Not just any pharmacist, but one who invented a “brain tonic” in 1886, which among other ingredients had “the properties of the wonderful Coca plant” and the famous “Cola nuts” and you sell the world’s most valuable brand to be, for five cents per glass. Thanda, really thanda!Maybe, your biggest (and only) client is the Army. So aptly you decide on the name that comes from saying out aloud the Army’s nick name for “General Purpose” or “GP”, and hey pestro, you have a brand new name for your vehicle: Jeep.But then why take the trouble to go through short forms and long forms. All that you could do is recycle an old name, maybe even that of your competitors’. The name Explorer, for instance, was a 1954 Chrysler concept car before it became a Ford sports utility vehicle (SUV). Mahindra’s Scorpio was a name of another automobile elsewhere in the world.
For Complete Article Click Here...

Wednesday, August 30, 2006

News At Work (continued alongside)

News > News At Work
World Conference on Global Opportunities & Threats Analysis: The GOTA programme for this year has had sponsorship and support from some of the world's leading organizations. IIPM students visited various organizations in Europe, North America & Asia during the months of March, April and May 2002 and understood global dynamics of managing international businesses and undertaking strategies in multi-national corporations. Finally, this culminated in the World Conference on Global Opportunities and Threats conducted at the ADIU Convention Center, National Chambers of Commerce & Industry, New Delhi on July 1st, 2nd and 3rd 2002 wherein student & faculty participants from various business schools across the world were sponsored by IIPM to participate and learn from the combined experiences of various IIPM students & faculty. Many multi-national corporations also sent their corporate participants to the conference, thus enhancing the industry involvement. The conference was a huge success with extremely high levels of involved learning gained by participants from across the world. Commendation Certificates and Letters of Appreciation were designated and awarded to various top management personnel in organizations across the world for contributing to the GOTA programme.

IMI professors from Europe, Professor Luc Van Mele and Dr. Patrick Martin, submit Class of 2002 degrees after the Annual Convocation lecture at the New Delhi campus. Professor A.Sandeep awards the MIS degrees at the convocation at the Mumbai campus.
European Commission funded Wilton Park Conference rates IIPM faculty amongst top 50 thinkers of South Asia.

Arthur Andersen Commendation Letter to HRIC: "This is to put on record the Outstanding support from HRIC...in the Business Consulting Practice of Andersen..." ADIU Online Library becomes one of the largest online library resource database in the world. Students of the Class of 2004 joined the best that the industry had to offer. More than 100 companies participated in this year's campus placement session. The companies that vied against each other for recruiting the Class of 2004 included HSBC, LG, McKinsey & Co, PricewaterhouseCoopers, Electrolux, Asian Paints, ICICI Prudential, Coca Cola, HDFC Bank etc. More than 20% of the companies that came to the campus were first time recruiters. Like last year, the specialization stream that took the maximum recruitments was again marketing. However, Salary average was the highest in the Finance specialization. HR and IT were at ranks below Marketing & Finance specializations.

Coke selects 8 students, PricewaterhouseCoopers selects 5 students, becoming the top two recruiters in terms of numbers of students selected during campus placements.
University of Leeds, Brisbane University join an admirable list of US, Canadian & Australian Universities that have opened doors to IIPM students for undertaking further studies.
Professor Arindam Chaudhuri's recent book 'Count Your Chickens Before They Hatch' creates a record in India for having the maximum number of copies sold, beating titles like Jack Welch's 'Straight From The Gut' etc.

United Nations provides the first ever of its kind 'Security Council Briefing' to IIPM students in the previous GOTA tour.

Confederation of Indian Industry invites IIPM faculty to undertake key note speeches at the annual CII conference.

IIPM & Rotary Blood Bank organize blood donation camp.

IIM Calcutta selects IIPM alumni for higher education & advanced management courses.

News At Work (continued alongside)
Faculty from INSEAD, teach IIPM students during the GOTA tour.

IIT Kharagpur invites IIPM faculty to speak at the annual festival Ideon 2002.

IIPM sponsors year long academic research fellowships for fellows to stay in China, Malaysia and Indonesia.

IIPM Alumni meet in December 2002; National & International Alumni Chapters finalizing the exact details in August 2002.

Two IIPM alumni sponsored by Brisbane University (Australia) to visit Copenhagen (Denmark) as a part of the annual student exchange programs.

O&M commends IIPM's ICMR division for providing one of the most excellent best market research support.

HRIC's workshops rated as 'Outstanding' & 'Excellent' by top managers of Fortune 1000 organizations like Sony, Samsung, Adobe, Government of India.

Microsoft & Andersen become highest net worth clients of HRIC.

2002 saw Nike, Mahindra & Mahindra, Planet Sports take ICPAR services for PR efforts.

Indian Oil Corporation, O&M, Akai, Sony become clients of ICMR. India's biggest research on the consumer durables segment undertaken by ICMR for a leading electronic segment player.

Tuesday, August 29, 2006

IIPM Academics > Global Outreach Program > Stephen Covey


STEPHEN COVEY

Topic: Effective Habits. Effective People. Effective Leadership.IIPM students had the opportunity of interacting with Dr. Stephen Covey, the most influential non-fiction author of The Seven Habits of Highly Effective People.

Stephen Covey’s principle-centered approach was a unique experience for our students. Students gained value in terms of gaining insight into areas such as “integrity”, “character”, and “responsibility”. He presented an overview of his acclaimed SEVEN HABITS of Effective People.
Dr. Covey emphasized on ingenerating in ourselves the foundations for success, effectiveness, and happiness in life .

Students gained a perspective on how to achieve goals; instill a positive attitude; create the power to change; manage their own development and most importantly engendering the attitude to win. He also enlightened the students with the importance of passion to achieve excellence.

This was followed by an intense question and answer session where our students gained tremendous value by such close interaction with Dr. Covey. Students, thus got an opportunity to learn from the best and understood the importance of incredible energy to achieve excellence in life.

Saturday, August 26, 2006

About IIPM > Dean's Message

Dean's MessageProfessor Arindam Chaudhuri, renowned management guru & economist; Dean, Center for Economic Research & Advanced Studies

We need to understand that sustainable growth can be achieved only by committing ourselves to macro level growth strategies that would encompass the bottom 80% of the population and not just the top 20%. This conscientious approach would make a growth rate of 12% per capita per annum possible. In the light of globalization of the Indian economy and capitulation of Indian brands, it is imperative for tomorrow's leaders to be aware of the above mentioned facts, so that they can face the emerging global challenges of international markets with confidence, while remaining committed to remove massive poverty of Indian masses within a generation. While some wealthy nations enjoy the luxury of material of plenty, the fact remains that more than twice the number of people killed in the 2nd world war die every year of hunger and curable diseases. And yet we fail to realize that unrestricted satisfaction of all desires is not conducive to human well being! Nor is it the way to happiness, or for that matter, even maximum pleasure!! When the wealthy nations today talk of 'being one' with the rest of the world, and of concepts of global village, their talks simply border on hypocrisy. The time has come for India to lead the way in showing that this carnage can be stopped with the help of determined leadership and long term committed vision. The Indian managers need to develop a strong vision for their companies, and most importantly, for the people who work for them, apart from having a terrific sense of commitment for the country, great motivational skills and leadership qualities.

A growth rate of 12% per capita per annum would imply that India can beat U.S.A. in terms of purchasing power parity within the next 25 to 30 years and become economically the strongest country in the world. For this, the Government of India needs to support the Indian organizations with suitable pro-people & pro-India policies, which would help Indian organizations in becoming stronger to compete in the world market successfully. Future leaders must be aware of this and not remain intellectually handicapped. IIPM strives for these commitments and continuously endeavours to educate its students and clients on these issues with the belief that sooner than later, structured economic independence can be achieved through a coordinated effort...

Friday, August 25, 2006

IIPM Alumni

Rendezvous with the IIPM Alumni

The Indian Institute of Planning and Management’s Alumni Network looks forward in fostering valuable connections between students and alumni and providing useful benefits to members for life on campus and beyond. A vast number of IIPM Alumni have distinguished themselves in almost every aspect of management across the world. Those waiting to enter the corporate world would come into interaction with the successful alumni and would be able to learn from their experiences as well.

Membership is open to all who have participated in the Institute’s Undergraduate, Post-Graduate and Fellowship Programs. The student members will be invited to the alumni meets and will also receive privileges such as special invites to college events, social activities, seminars etc. The Institute’s activities and programs for its alumni are directed towards building lifelong bonds of kinship with the Institute.

About IIPM > Mission

The Indian Institute of Planning and Management has set before it the twin tasks: (1) to reorient education and research towards the needs of both the private and public (government) sectors and (2) to establish the link between the national economic planning and the development of private enterprises in our country. The Indian Institute of Planning and Management aims at initiating training and research on problems of development that must be solved for realizing planned national objectives. Unfortunately education in India has still remained primarily oriented towards the needs of the private sector and has overlooked the specific requirements of the public sector. India has even failed to do justice to the private sector by not properly formulating the basic framework within which they should operate. The scope and role of the Indian private sector, in the context of national economic planning, is quite distinct from that of the foreign private sector firms operating in free market economies originally developed through colonial exploitation.

Problems of development of the private and the public sectors are, therefore, to be studied and analyzed carefully in the background of national economic planning. Otherwise, India would not be able to translate the laudable goals of plans into physical realities, however sophisticated the planning models may be. Despite the basic differences that exist between the private and the public sector, once the strategy for planned development has been formulated, both the sectors must draw up their operational plans in a complementary way to realize the planned objectives. Otherwise, India may find the public and the private sectors working at cross-purposes. Undertaking objective commitments towards these goals, IIPM has set up various Centers to objectively support these goal oriented commitments. Foundations like the Great Indian Dream Foundation also are examples of the effectiveness that such movements can bring about.

As an educational institute, IIPM aims at developing a three dimensional personality in our students. (1) Pursuit of knowledge, (2) commitment to economic, social and cultural uplifting of masses and (3) cultivation of taste for literature, fine arts etc. IIPM's success is seconded by our turning out leaders and entrepreneurs year after year who are committed to the Indian masses and are so urgently needed by the country.

Thursday, August 24, 2006

IIPM Academics > GOTA

In the light of globalisation, students entering IIPM undergo a 2-3 weeks study tour to a selected country in Australia , Africa, Asia, America , Europe or China . During these 10-15 days the students are taught a special paper on Global Opportunity and Threat Analysis with assistance from faculty of the country visited, whenever available. The idea is to make students aware of how a truly global economy works and also to bring a fresh outlook to life conducive to entrepreneurial learning.

For Example:During the GOTA visits, IIPM has conducted seminars and lectures with faculties/representatives from organisations/institutions like: Geneva Financial Centre Foundation, Federation of the Swiss Watch Industry FH-i, WTO, Nestle, European Free Trade Association, UNCTAD, Graduate Institute of International studies, Webster, The World Bank, Credit Suisse, Insead etc.

For Details Visit http://www.iipm.edu/alliances.html

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Wednesday, August 23, 2006

IIPM Infrastructure > Campus

In terms of infrastructure, campus and technology support, IIPM is rated amongst the top institutes of the country. IIPM's academic campuses in Asia are based in New Delhi, the capital of India, Mumbai (the financial capital of India and one of the main industrial hubs of Asia), Chennai (the industrial capital of India), Bangalore (IT capital of India), Pune (academic capital of India), Hyderabad (technology city) and Ahmedabad. IIPM's Asian consulting and research centers, under IIPM's Consulting Cell (Planman Consulting) are based in New Delhi, Mumbai, Bangalore, Kolkata, Chennai (India), and the North American consulting and research center is based in Toronto (Canada). Chicago (USA) is the headquarters for the most resent research and consulting center that IIPM is setting up in North America. In the European continent, along with strategic partners International Management Institute (IMI) Belgium, IIPM is in the middle of the industrial capitals of Europe, namely Antwerp & Brussels. Further, the Global Opportunities & Threats Analysis (GOTA) programs of IIPM shift traditional campus learning to the live corporate arena where students visit organizations like Nestle S.A (Vevey, Switzerland), United Nations (Geneva), World Bank, ILO, Credit Suisse Europe, IMD Lausanne, etc.

IIPM's Asian campuses focus on various academic programs, namely, Full time and Integrated Programme in National Economic Planning and Entrepreneurship, Fellowship programs and on specific management training programs. In New Delhi, IIPM has the largest campus of all business schools. The IIPM Tower in Qutab Institutional Area is situated in one of the most prestigious institutional areas in South Asia. The area also has campuses of various international organizations like USAID, DFID (U.K), UN, ABB, and Ernst & Young. In Mumbai, the IIPM Tower in Bandra (West) has received many rave reviews in business magazines and news reports as being a designer's marvel and an architectural delight. As consistent with all of IIPM's international locations, the Mumbai campus is situated in one of the most highly valued locations in Asia. IIPM additionally also has another pristine campus spread across various acres of lush green landscape in South Delhi. This campus is exceptional because of the Scottish flavor of the ambience. The castle type buildings, mysteriously located between lush green landscapes and thick woods, provide the ideal setting for academic pursuits. A similarly huge and lush campus, focused now completely on rural development programs, is based in Gurgaon, adjacent to New Delhi. Interestingly, it was the Gurgaon campus where IIPM started its management programs in 1973.

All IIPM campuses have created standards in infrastructure, co-curricular, and extra curricular support. For example, students and participants, for their various projects and extra curricular activities, would regularly utilize services of air-conditioned auditoriums with seating capacities of over 1000, conference rooms with availability round the clock, computer laboratories with 24 hours online support, libraries extending across complete floors with some of the world's leading titles, classroom teaching infrastructure comparable to the most advanced in the world, sports facilities (Billiards, Swimming, Golf, Lawn Tennis, Table Tennis, Badminton, Cricket), and yes, the inimitable Canteen. World's leading organizations have provided, or currently support & maintain these high levels of infrastructure. Some of them are Microsoft, LG, Nestle, Hewlett Packard, Canon etc.

Whether for academic programs or for management training sessions across all its campuses, IIPM provides hostel accommodation for students and participants from various parts of the world. This adds phenomenally to group learning experiences, sustained by round the clock faculty interaction.


Tuesday, August 22, 2006

IIPM Academics > Curriculum

"Winners All The Way ! ! ! IIPM's Full time & Integrated programs in National Economic Planning and Entrepreneurship are in a different league. Students are exposed to case studies & industry projects apart from undertaking tours to countries in Europe & US under the GOTA program, providing entrepreneurial outlooks to students..." {Source: The Times of India, June 2002}

"IIPM's initiatives exposes students to international management practices of global organizations... IIPM's alliance with IMI, one of the top three business schools enables IIPM students to get joint globally recognized certification..." {Source: Financial Express, June 2002}


"What makes IIPM programs different? The focus of the Full time & Integrated programs is National Economic Planning... The students visited organizations like Nestle in Vevey, Switzerland, Federation of Swiss Watch Industry (Bienne), Sulzer (Winterthur), IMD Lausanne etc. This international exposure not only broadens the students' horizons, but also brings them at communication terms with global management professionals..." {Source: Hindu, May 2002}

The integrated and full time programme in national economic planning and entrepreneurship provided by IIPM (which are superior to standard MBA and BBA programs), alongwith IIPM's Fellowship, Executive Education (and Global Opportunities and Threats Analysis programs where students visit organizations like the United Nations (Geneva), World Bank, ILO, Nestle S.A. Vevey, IMD Lausanne, Credit Suisse etc.) have created some of the highest standards in the management field.

Full time Programme in National Economic Planning and Entrepreneurship (leading to the award of the MBA degree from IMI): This is the renowned two year full time Master's residential program that leads to the award of the MBA degree from the International Management Institute, Belgium, one of the Europe's leading business schools. Offered currently at the Asian (New Delhi, Mumbai, Pune, Bangalore, Chennai, Ahmedabad & Hyderabad) campuses of IIPM, students have the option of transferring their credits to IMI Belgium and continuing their studies there. Students study core subjects in the first year related to various areas like National Economic Planning, Marketing, Personnel & Industrial Relations, Finance & Accounting, Production, Quantitative Techniques, IT Systems and various other term papers. In the second year, students have to undertake compulsory specializations related to Marketing & IT. Apart from these two compulsory specializations, students have a choice of taking up an additional specialization, namely Finance or Human Resources. Students in the second year also study advanced core papers like Business Policy & Strategic Planning, Mergers & Acquisitions, International Marketing etc. Students have to submit a thesis dissertation at the end of the program. Interestingly, this IIPM program has been rated as covering at least 33% more credits than any other MBA course in the world. Visit the link on Faculty to view the intellectual strength behind the Full time Programme in National Economic Planning and Entrepreneurship courses and the subjects covered. Students join the best companies in the world after passing out from this course. Please visit the link on campus placements for more information. Also visit the link on application details for information on how to apply.

Integrated Programme in National Economic Planning and Entrepreneurship (leading to the award of the BBA degree from IMI): The Bachelor's program at IIPM is ranked amongst the best programs for undergraduates in India. This is a three year full time residential program that leads to the award of the BBA degree from the International Management Institute, Belgium, one of the Europe's leading business schools. As mentioned previously, the Bachelor's program is currently offered at IIPM's Asian campuses in New Delhi, Mumbai, Bangalore, Chennai, Pune, Ahmedabad & Hyderabad. In this IIPM program, in the first year, the IIPM students have to study the foundation courses related to areas like Marketing, HR, Finance, Foreign Languages, Culture, Executive Communication, Quantitative Techniques, General Awareness, History & Literature, Introduction to Management, Introduction to IT systems. In the 2nd year, students have to undertake core subjects related to various areas like National Economic Planning, Marketing, Personnel & Industrial Relations, Finance & Accounting, Production, Quantitative Techniques, IT Systems and various other term papers. In the third year, students have to undertake compulsory specializations related to Marketing & IT. Apart from these two compulsory specializations, students have a choice of taking up an additional specialization, namely Finance or Human Resources. Students in the third year also study advanced core papers like Business Policy & Strategic Planning, Mergers & Acquisitions, International Marketing etc. Students have to submit a thesis dissertation at the end of the program. The IIPM integrated program is unique in the aspect that students in the final two years undergo as rigorous a course schedule as in the Full time program. Most importantly, these IIPM under graduate students, after working for two years in the industry, are automatically awarded the MBA degree from IMI. This allows the Integrated students to achieve an industry standing that is comparable to MBA graduates, at the same time allowing a time saving of two years. Visit the link on Faculty to appreciate the top notch faculty teaching at the under graduate programme and the subjects being covered. Another important aspect of this program is that students have the option of transferring their credits to IMI Belgium and continuing their studies at IMI. Students join the best companies in the world after passing out from this course. Kindly visit the link on campus placements for more information. Also visit the link on application details for information on how to apply.

European Exchange Program with IMI: Considered one of the most valuable learning experiences at IIPM, all students of IIPM who successfully complete the first year of their programme at IIPM in India are eligible to go to IMI for the duration of one trimester in the second year. The students would stay & study at the Antwerp Campus of IMI in Belgium. The students would get the opportunity to interact with international faculty as IMI faculty includes various American, European & Asian professors. Students would be in the midst of truly multi-national student groups as IMI students belong to various parts of the world. During the course of this study, the students would be taken on corporate & academic tours to Brussels (Belgium), Paris (France) & Bruges (Belgium). This would provide the most invaluable opportunity of understanding how global organizations work.

Monday, August 21, 2006

Erstwhile “captive nations” are now America’s stalwarts allies in the war on terror

IIPM-Publications


IIPM-Bangalore ! IIPM-Chennai ! IIPM-New Delhi ! IIPM-Mumbai ! IIPM-Pune ! IIPM-Hyderabad ! IIPM-Ahemdabad




Defense report noted that China’s defense expenditures appear to be much higher than acknowledged by the Chinese government. Coupled with a notable lack of transparency, this understandably concerns China’s neighbors. In addition to the choices that these and other countries make, America’s own choices will be an important factor in determining what kind of future it faces. From time to time, US public sentiment has opposed playing an active role in the world, and fulfilling our commitments to allies and, indeed, to the cause of freedom. In the early 1970s, as US ambassador to NATO, I remember having to fly back from Europe to testify against legislation in our Congress that would have pulled US troops out of Western Europe and NATO, just as the Soviet Union was in the midst of a huge military buildup.

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source IIPM-Editorial,2006

Sunday, August 20, 2006

Human Affairs


He desires a flawless form of governance, where philosophers rule, free from the bonds of worldly pleasure, there is no slavery, no disparity, and the rulers control reproduction to achieve the ultimate prototypical neighbourhood on the basis of breeding classifications. Though noble in the quest for an ideal state of human affairs, I cannot digest with ease the irony that glares from the discourse of Plato’s protagonist. He wants justice, but gives it in the hands of a few men, he wants happiness, but snatches away human ability to control it’s own destiny.

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source IIPM-Editorial,2006

Tuesday, August 01, 2006

IIPM:- The Strait of Malacca

The Strait of Malacca, with a daily traffic of around 600 ships, reports hijacking, killing and ransacking almost everyday. In fact, 325 robberies with 30 casualties were reported in 2004 with a global economic loss of $25 billion. The concerns for security get emboldened by the fact that a number of terrorist groups, including LTTE & Al-Qaeda, which procure their arsenal from high seas, are suspected to be part of such gangs. High international co-operation for securing the sea-lanes is thus urgently needed.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-
Business and Economy, Author:- Prof. Arindam Chaudhuri - 2006