Sony Case
Sony presents a different case that is far more different from the pattern that was discussed in several management books. From the information that I have gathered today, I can say that Sony was able to promote change that shaped the company into what it is today. From a small company, Sony has turned into a big company with market presence in different part of the world. The management realized that in order for the company to succeed, it is important for them to create a distinct culture. The company manages to acquire and pass on to the employees a global mindset.
Tuesday, November 30, 2010
Business World Article
Analysis of Articles in Business World Magazine, India
Return to Protectionism
The world has become a global village, therefore if one economy falls it will affect most of the dependent economies of the world as we have seen the effect of the US economic crisis. Thus the Indian IT companies should focus beyond the US economy and try attracting other economies e.g. EU. The Indian IT companies should spread all over the world and utilise its IT sector which is the no.1 in the world.
The Life after Separation
After separation from Hero Honda, Hero is focusing of producing a SPV (Special Purpose Vehicle) that will help it be competitive in the market. It may look outside India to find a partner to help it build the vehicle. When all is said and done, the separation of Hero and Honda will not be easy in a ways.
‘You Have To Adjust Quickly’
John Donahoe the President and CEO of the auction eBay has spent most of his time implementing the right strategies for the success of his company eBay all over the world especially in India.
John Donahoe adopted PaisaPay.com which is a mode of payment in India.
Adjusting quickly for eBay has been vital being able to move forward. Being able to sell 70% stake in Skype and keeping just 30%. Skype wasn’t vital for pushing eBay forward so Donahoe reacted quickly in making the best decisions for the success of eBay.
Matrix Is Our Sling Shot
The acquisition of Matrix Laboratories in 2006 for Mylan was vital for its success and reaching out to important markets in the world that aren’t fully captured. There was firing of employees in the acquisition of Matrix, which they believe does not create synergy. The efficiency of their employees is the pillar of their success, minimal costs of Matrix too.
With the acquisition of Matrix, Mylan was able to easily reach territories that it hadn’t reached before thus Matrix a slingshot for Mylan.
Return to Protectionism
The world has become a global village, therefore if one economy falls it will affect most of the dependent economies of the world as we have seen the effect of the US economic crisis. Thus the Indian IT companies should focus beyond the US economy and try attracting other economies e.g. EU. The Indian IT companies should spread all over the world and utilise its IT sector which is the no.1 in the world.
The Life after Separation
After separation from Hero Honda, Hero is focusing of producing a SPV (Special Purpose Vehicle) that will help it be competitive in the market. It may look outside India to find a partner to help it build the vehicle. When all is said and done, the separation of Hero and Honda will not be easy in a ways.
‘You Have To Adjust Quickly’
John Donahoe the President and CEO of the auction eBay has spent most of his time implementing the right strategies for the success of his company eBay all over the world especially in India.
John Donahoe adopted PaisaPay.com which is a mode of payment in India.
Adjusting quickly for eBay has been vital being able to move forward. Being able to sell 70% stake in Skype and keeping just 30%. Skype wasn’t vital for pushing eBay forward so Donahoe reacted quickly in making the best decisions for the success of eBay.
Matrix Is Our Sling Shot
The acquisition of Matrix Laboratories in 2006 for Mylan was vital for its success and reaching out to important markets in the world that aren’t fully captured. There was firing of employees in the acquisition of Matrix, which they believe does not create synergy. The efficiency of their employees is the pillar of their success, minimal costs of Matrix too.
With the acquisition of Matrix, Mylan was able to easily reach territories that it hadn’t reached before thus Matrix a slingshot for Mylan.
HR News
HR News
1) Companies Settle Racial, Sexual Harassment Charges
Two Texas employers recently settled charges of racial and sexual harassment with the U.S. Equal Employment Opportunity Commission (EEOC), the agency recently announced. Austin Foam Plastics, Inc., (AFP) a producer and distributor of corrugated box and cushion packaging, has agreed to pay $600,000 to resolve a number of harassment charges. According to EEOC, a female manager at AFP sexually harassed male employees by subjecting them to unwelcome sexual comments and sexual physical contact. The manager also conditioned more favorable terms of employment on acquiescence to her sexual advances, the agency alleged.
2) USCIS E-Verify Website Redesigned
U.S. Citizenship and Immigration Services (USCIS) recently launched a complete redesign of the E-Verify Web Interface that enhances its usability, security, accuracy, and efficiency. The newly redesigned E-Verify features a new home page, a redesigned case alerts feature, improved case management, and a streamlined tutorial.
3) Govt to provide unemployment allowance to jobless workers
Following is the Text of the Statement of the Union Minister of Labour & Employment, Shri Mallikarjun Kharge in reply to the Calling Attention Notice given by Shri Gurudas Dasgupta, Shri Basudeb Acharia and Advocate A. Sampath Members of Parliament (Lok Sabha) regarding “Situation arising out of large-scale loss of jobs due to retrenchment and closure of industries, including IT sector, and steps taken by the government in this regard”.
4) 17 Percent Actively Recruit Veterans, BLR Poll Finds
Seventeen percent of respondents say their organization actively recruits veterans, according to a recent BLR poll. Nearly 80 percent of respondents report their organization does not have a policy to actively hiring veterans.
The poll asked respondents “Does your organization actively recruit veterans?” The results are displayed below:
No 79%
Yes 17%
Not yet, but we plan to 4%
The government has taken steps to advocate hiring veterans. A new online toolkit was launched to help guide employers through the process of hiring veterans.
The government also launched an online training tool to educate employers on understanding war injuries.
5) Economic crisis takes its toll of jobs
The unemployment estimates for the first quarter of the fiscal year beginning April 2009 are not so optimistic. The Labour Bureau estimates that hundreds of thousands of people have lost their jobs in the period.
The worst affected sector was the textile industry which has shed 154,000 jobs followed by IT/BPO sector with 34,000 jobs and the gems and jewellery sector with 20,000 job losses.
Employment was the worst hit in exporting companies across all sectors with losses touching 167,000 jobs. At the same time employment opportunities to the tune of 35,000 were created in all but three sectors.
In the period October-December 2008, the hit was the highest across India with nearly 500,000 workers loosing their jobs.
1) Companies Settle Racial, Sexual Harassment Charges
Two Texas employers recently settled charges of racial and sexual harassment with the U.S. Equal Employment Opportunity Commission (EEOC), the agency recently announced. Austin Foam Plastics, Inc., (AFP) a producer and distributor of corrugated box and cushion packaging, has agreed to pay $600,000 to resolve a number of harassment charges. According to EEOC, a female manager at AFP sexually harassed male employees by subjecting them to unwelcome sexual comments and sexual physical contact. The manager also conditioned more favorable terms of employment on acquiescence to her sexual advances, the agency alleged.
2) USCIS E-Verify Website Redesigned
U.S. Citizenship and Immigration Services (USCIS) recently launched a complete redesign of the E-Verify Web Interface that enhances its usability, security, accuracy, and efficiency. The newly redesigned E-Verify features a new home page, a redesigned case alerts feature, improved case management, and a streamlined tutorial.
3) Govt to provide unemployment allowance to jobless workers
Following is the Text of the Statement of the Union Minister of Labour & Employment, Shri Mallikarjun Kharge in reply to the Calling Attention Notice given by Shri Gurudas Dasgupta, Shri Basudeb Acharia and Advocate A. Sampath Members of Parliament (Lok Sabha) regarding “Situation arising out of large-scale loss of jobs due to retrenchment and closure of industries, including IT sector, and steps taken by the government in this regard”.
4) 17 Percent Actively Recruit Veterans, BLR Poll Finds
Seventeen percent of respondents say their organization actively recruits veterans, according to a recent BLR poll. Nearly 80 percent of respondents report their organization does not have a policy to actively hiring veterans.
The poll asked respondents “Does your organization actively recruit veterans?” The results are displayed below:
No 79%
Yes 17%
Not yet, but we plan to 4%
The government has taken steps to advocate hiring veterans. A new online toolkit was launched to help guide employers through the process of hiring veterans.
The government also launched an online training tool to educate employers on understanding war injuries.
5) Economic crisis takes its toll of jobs
The unemployment estimates for the first quarter of the fiscal year beginning April 2009 are not so optimistic. The Labour Bureau estimates that hundreds of thousands of people have lost their jobs in the period.
The worst affected sector was the textile industry which has shed 154,000 jobs followed by IT/BPO sector with 34,000 jobs and the gems and jewellery sector with 20,000 job losses.
Employment was the worst hit in exporting companies across all sectors with losses touching 167,000 jobs. At the same time employment opportunities to the tune of 35,000 were created in all but three sectors.
In the period October-December 2008, the hit was the highest across India with nearly 500,000 workers loosing their jobs.
Saturday, November 27, 2010
Thursday, November 18, 2010
Monday, November 15, 2010
Wednesday, November 3, 2010
Saturday, October 30, 2010
Thursday, October 21, 2010
Saturday, October 16, 2010
Sunday, October 10, 2010
Sunday, October 3, 2010
Friday, September 24, 2010
Thursday, September 16, 2010
Monday, August 30, 2010
Friday, August 27, 2010
Strategies to be followed by India to compete with China
Hello Mam,
Talking about India’s strategies that India should follow, as we all know that India is a large country having population of more than a billion, second highest in the world. It is the largest democracy in the globe. GDP India is fourth highest in the world in PPP terms.
· Comparing the Indian economy with the Chinese economy China is well ahead of India.
China's relative success over India in attracting foreign direct investment (FDI). At the same time, India's FDI figures are understated, because "they exclude foreigners' reinvested profits, the proceeds of foreign stock market listings, intra-company loans, trade credits, financial leases, and so on".
India's economic backwardness has little to do with democracy as such, but has a lot to do with corruption, fiscal mismanagement, a lack of international ambition and a history of over-protection at home.
Significantly, India need to improve its investments in the physical sectors - such as manpower development, health, power, water management, railroads, roads and highways, communication etc remains highly superficial and gossipy.
· The shortage of power is estimated at about 10 percent of total electrical energy and roughly 20 percent of peak capacity requirement. Fifty years after independence, many rural areas are still without electricity.
· Efforts should be made to develop India's ports. For example, recent bureaucratic problems encountered in the private tendering processes at Mundra in northwestern India and in the conversion of two break bulk berths to a new container terminal at Nava Mumbai under the Jawaharlal Nehru Port Trust have slowed down the development of ports in India.
· India should also focus on agricultural sector, which continues to employ about 60 percent of the country's workforce, has seen a real decline in terms of its contribution to GDP growth and its share of GDP. India's industrial sector has to replicate the growth magic of the services sector either. While industry's share of GDP has increased over the years, its growth rate dropped in the 1990s and its contribution to GDP growth has more or less remained constant over the years.
· Data show that six major industry groups - food products, cotton textiles, textile products, wood, paper and basic metal and alloy industries - have experienced a sharp slowdown over the past four years and therefore steps should be taken to improve these sectors.
Regards,
Puja Priyadarshani
MBA 2B
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