no place is too safe, not even Japan!

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

Weak political situation made matters worse. Slow-coach mechanism ensured that restoration of the banking system took years to take shape. The revaluation of the yen against all major currencies across the world post 1991 also meant that the Japanese style of export (of selling below marginal costs to garner market share) became redundant due to increased prices of exports. Manufacturing companies like Sony, Toyota, Honda and Mitsubishi started over-producing which backfired. That was one of the causes for the Nikkei crash during the years post-recession. The 1989 recession in Europe and US made things worse for the Japanese giants.

The over-investments by Japanese electronics and auto-giants were synonymous to the over-investments in tech-companies in US before the IT bubble burst in US in 1990s. With banks raising interest rates, thereby denying further ‘easy’ loans, the last option before Japanese companies remained reducing operational costs drastically. In search of lower production hubs, China suddenly became the darling for Japanese companies. This also remains the one major shift in corporate habits post 1991-recession. 2001 saw many Japs like Toshiba, Sony, Olympus, Honda, Kyocera et al announcing a shift in manufacturing of Playstations, TVs, cameras, motorcycles et al to low-cost China. As per a 2001 Nikkei Research report, 71% of 562 major Japanese manufacturers expressed they plan to shift production facilities to China. The 1993 level as Ronald Bevacqua, Senior Economist for Commerz Securities asserted, “China is eating Japanese lunch! More and more low-cost Japanese manufacturing is being shipped over there. Unlike the rest of Asia, China is doing high-end stuff as well.” Even Jesper Koll, Chief Economist, Merrill Lynch Japan added, “The reality is that the de-industrialisation is happening very rapidly in Japan. I can see the Nike model here, where you do the brand management in Seattle and the manufacturing in Indonesia. In Japan, you will do the brand management in Osaka or Tokyo and the manufacturing in China.”

Despite the cost-saving measures adopted for years, presently, the Nikkei hovers around the 12,900-mark. Compare this to the 38,915 mark it touched on December 29, 1989 and you’ll realise that the economy is still ‘just’ recovering from the destructive 1991 shock.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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SHANTANU MOITRA - The Melody Mile

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SHANTANU MOITRA
The Melody Mile

The Indian music industry has come a long way since the first musical talkie Alam Ara. The industry has witnessed many legendary directors, singers, and composers from Manna Dey to Mohammed Rafi to Kishore Kumar. All of them have created a niche for themselves, and following their league is Shantanu Moitra, the man who quit his job in the corporate world to become a music director. “When I shifted to music, I wanted to bring in a new trend, new ideologies. I am very proud of Bengal, the place I come from, which gave me the inherent belief that melody is important,” says the ace music director. He started his career by composing Indipop albums which included Mann Ke Manjeere but he officially arrived with Parineeta. Ask him about competition, and the man replies, “I have a niche of my own, but any good song is my competition and any bad work that I do is my nemesis. Music is a reflection of what I want to do. I never create music keeping the audience in mind; I always create it keeping myself in mind. I believe that in a population of one billion people, there will at least be 100 more like me.”

There are no two thoughts about Shantanu’s imminent rise in the industry, and he is just as confident, “I don’t plan to propagate my growth, I plan to grow. I have the ability to walk away from what I am doing, the day I don’t feel like doing it. I did that once to my corporate life even with no job in hand. The ability to walk away from something makes one stronger.” Considering that he has a film with Raju Hirani called Idiot starring Aamir Khan, and another with Vidhu Vinod Chopra starring Abhishek Bachchan, guess the chances of Moitra walking away from Bollywood are scant!

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

ROHINTON MISTRY - Writing india’s fate

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ROHINTON MISTRY
Writing india’s fate

“To so many classes I taught Lear, learning nothing myself. What kind of teacher is that, as foolish at the end of his life as at the beginning?” said Nariman Vakeel, the widower protagonist after perennially getting begrudging treatment by his step children in Rohinton Mistry’s novel, ‘Family Matters’. These words not just exemplify a situation shaped by the novelist, but also the common callous treatment that parents across the world are meted out today.

Mistry’s ‘Family matters’ was appreciated so much that it bagged the illustrious Kiriyama award for the India-born writer. In fact, it was not just this novel which had addressed an Indian social problem, all the works that Rohinton Mistry is known for, deal with India’s social issues. From portraying social taboos like castism or the practice of untouchability in India to the emergence of Indian society, through his various books, Mistry has done it all. His book ‘A Fine Balance’ narrates a transparent picture of such obscure practices which have been the cause of concern for the country for long. The works of Mistry have helped in not just identifying the problems that masses in India have faced long, but also in creating awareness about Indian social issues like poverty and caste-based malpractices at the international level.

Mistry’s efforts also made him the only writer to have won the Hart House literary prize twice and gave him further recognition on a global scale. He is one Indian gem who would surely keep on further highlighting Indian issues so that they can be identified internationally; something that India cries out for in desperation to become the stalwart in the current century.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...