Monday, January 28, 2008

I feel like we have control over our own destiny for the first time in the last few years!”

Agreed that Jeff took over a troubled titan but compared to Welch-era summit (when GE shares traded at $60), today having fallen by more than 33%, at just $40.7 (as on July 25, 2007), they represent a sad song for the investors as Jeff confesses, “It’s disappointing to all of us – ‘frustrated is the word I’d use. But I feel like we have control over our own destiny for the first time in the last few years!”

But as Welch displayed confidence in his competence as, “My anticipation when I recommended Jeff for the job was that it would be 20 years & I see nothing that would be able to change it…,” the truth remains – while on one hand, Jeff has handled well the total $75 billion worth of acquisitions making GE a superpower; on the other, he has also managed write-off s worth $4 billion & a sell off of GE’s Plastic business for $11.6 billion in May 2007. Jeff ’s move to walk away from his dream of bolstering GE’s healthcare division through the purchase of Abbott Labs’ diagnostics unit for a highly overvalued $8 billion on July 12, 2007 also goes to prove that despite the slumbering stock (which has remained stagnant since he took over six years back), he still knows the first people to please – his shareholders. And for his critics, Welch nearly fired him while at GE Plastics for delivering just 7% growth instead of the planned 15% growth, but he didn’t… surely for reasons mighty!


For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative


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Friday, January 18, 2008

Penguin guy takes on the World... by words alone!

Until recently, John P. Kotter was known in business circles as a well-respected author of management books and a longtime professor at Harvard Business School. Now he is known as “the penguin guy.” Last year, Kotter rewrote his 1996 book about organizational change, “Leading Change,” for a new generation of business readers. But this time, he recast it as a fable about a talking penguin named Fred who mobilizes the entire penguin colony against the threat of its melting iceberg.

With bright colorful illustrations and large text, “Our Iceberg Is Melting: Changing and Succeeding Under Any Conditions” looks at first glance more like a children’s book than something a chief executive might read. But the book is attracting readers and creating a penguin movement in boardrooms around the world, Kotter said. Since its release last September, “Iceberg” has sold some 224,000 copies in hardcover (“Leading Change” has sold more than a million copies in 10 years), and been translated into 10 languages, with 10 more foreign editions in the works. Corporations have created exercises based on the lessons in “Iceberg.”

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative


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Thursday, January 10, 2008

World over children are bought & sold in market…

UNICEF reported; there are 1.2 million children trafficked each year worldwide. Coalition against Trafficking in Women – Asia Pacific (CATW-AP) states over 200,000 children & women have been trafficked during last ten years in Bangladesh & 200-400 children are trafficked monthly. UN estimates that nearly 200,000 children are trafficked yearly in Cameroon, Nigeria, Ivory Coast, Mali, Ghana etc. Reports also state that Burma, Cambodia & Laos exported more than 200,000 women & children. There is also a startling increase in women & child trafficking in Asian countries. India imports about 5,000-7,000 Nepali girls annually. Japan, home to Asia’s largest sex industry, trafficked 150,000 non-Japanese from Thailand & Philippines.

Do we essentially want to create a society for our progeny where every mother, sister, friend & spouse has been through this nightmare? And can one imagine the horrifying impact that it would have on a society that took thousands of years of painstaking effort to build? This decision would someday have to be taken. Or else....
For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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