Management Ke Funde!

“An overburdened, overstretched executive is the best executive, because he or she does not have the time to meddle, to deal in trivia, to bother people.”
Jack Welch
Ex CEO General Electric

“Not all correct decisions are popular, not all popular decisions are correct. A Manager sacrifices popularity for taking correct decisions.”

“To succeed in life in today’s world, you must have the will and tenacity to finish the job.”

Ferocious Capitalism

Indian retail market is $350billion today.Consumers are getting facinated by the mega mall aculturation of westernized world. These are the reasons why Indian Corporates and MNCs are eyeing this coveted market where small retailers, shopkeepers and intermediaries have traditionally been dependent.Walmart effect will affect all those millions of small retailers badly whose family survives on this business. Public opinion is truly against these Walmarts ,Tescos, Big baazars and Reliance fresh whose big bang approach may ruin and spoil the livelihood of poors. But who cares about the public opinion. In India expression of public opinion is no proof of existence of pubic opinion. Can we really claim to have fulfilled Mahatma Gandhi’s prayer to wipe the last tear from the poorest of the poor. I surely believe, we can’t. Ambani sahab are you listening?

Jan gan man Adhinayak jai hai. Are we going to welcome Ahdhinayaks of unbridled capitalism of the world to enslave us once again???

Dollars Ripples pushing India’s Competitiveness to Uncomfortable Zone.

Indian stock Markets are shooting the stars as the dollar ripples are moving accross the security exchanges regardless of future aftereffects. World’s economic growth is slowing down.Measured in PPP terms world growth was 5.4% in 2006,will diminish to 5.2% and will fall further to 4.8% in 2008. Conditions are weak in rich countries owing to financial turbulence ,rising oil prices and collapsing housing markets . Many financial experts foresee recession in U.S. But the stock markets are behaving like skyrockets .Shanghai index has grown 200% since its inception .The Bombay sensex is 40% up since last year. The Bombay Stock Exchange’s benchmark 30 shares Sensex crossed the 20000-point mark in october.In 2007 so far ,FII fund flow in stock market is $18.80 billion. Another reason for soaring rupee is remittances by NRIs and software exports. All above factors are fueling the rupee surge. When RBI buys dollars, rupee supply goes up in the economy leading to inflationary pressure. With inflation near 6.5 % in March 2007,the central bank decided not to buy dollars. Now only those who need to import buy dollars and RBI intervention is selective. So demand for dollars has dipped while supply has increased. Result :The dollar is cheaper .
Nightmare for Exporters –Exporters are facing the trouble. When the exchange rate was Rs 44 per dollar,they used to sell Rs 440 item for $10 in International Market. Now they have to sell same item for $11.155 (1$= Rs 39.442) to keep profit margin unharmed.As a result,India is losing its competitive edge in Global Market. Global Market is highly competitive, leaving exporters for two choices either reduce the price or loose the export orders .Sectors like Garments and leathers where margins are low are loosing the market share as they cannot afford the price cut. Software sector cut prices to stay in the market and that is why their profitably is eroding. Infosys and Wipro are the examples.
Made in china brand is bulldozing some Indian sectors .Imported Chinese goods like toys, holi pichkaris ,Chinese made Laxmiji and Ganeshji have flooded the Indian Market resulting loss of livelihood of thousands of peasants.
Indian government must intervene

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