Kowtow to the Master

Prof Rajita Chaudhuri follow some off-beat trends like organizing make up sessions

He's made martial arts more celluloid friendly and fun than anyone else before him. it perhaps stems from the amalgamation of his rigorous training in the performing arts as well as martial arts. jackie chan, the cheeky and lovable action star, talks about his upcoming remake of the 80s hit film, 'the karate kid' which also stars jaden smith

What appealed to you about playing Mr Han in 'The Karate Kid'?

I can relate to the character of Mr Han because I have had many mentors in my life. My master at my school was one of the biggest influences on me, but there have also been many others who have shaped my life and my career. Mr Han is a complex person who has experienced much trauma in his life. He doesn't want to let anyone into his world, but Jaden's character forces him to come out of his shell. Mr Han isn't just a character in this film ' he is a combination of many people I have known in my life.

What advice did you give to Jaden Smith?

When it comes to stunt choreography, I have a lot of advice to give. On the set, I showed him how he could make his moves stronger and more powerful. I shared many stories of hardship from my life with him. I constantly reminded him that he should always appreciate all that he has because so many others in China have so little.

How good an actor is he? Does he remind you of his parents (Will Smith and Jada Pinkett Smith)?

He's really versatile. He can be funny and dramatic all within minutes. I think he is a natural actor. He always sounds sincere and real. Everything that comes out of his mouth sounds authentic. He's respectful, talented, hard working and charming, just like his parents.

What's the most important lesson that Mr Han teaches Dre (Jaden Smith)?

Mr Han teaches Dre that you have to respect those you love, believe in yourself and face the challenges in your life.

Who was the best teacher that you ever had ' who was your Mr Han figure?

My master was my Mr Han figure. He was the only master I had for ten years of my life. In his school, I learned how to fight with my body and weapons. I learned to sing and dance. I also learned how to do my own hair and make-up. My master was not as patient as Mr Han. He used all forms of punishment to get his point across. Have you seen the earlier films, including the original 'Karate Kid' from 1984? What did you think of it?

I have seen the earlier film and I really liked the message that it had to offer. I think everyone can relate to what it's like to be bullied and the importance of finding strength within yourself.

You've said before that Buster Keaton was a big inspiration for you. In what way?

Buster Keaton inspired me because he used physical comedy in his films. When you watched his films, you couldn't help but have a big smile on your face.

Buster performed most of his own stunts, as you do. Do you still enjoy the physical work as much as you did?

I do enjoy doing stunts, but I don't like getting hurt. I will continue to do as much as I can. I do hope that I can start to focus more on my acting and less on my stunts.

How much do you train each day when you are in between films?

I don't train that much in between films but exercise as often as I can. Exercising is good for the mind and body.

How did the stunt work in 'The Karate Kid' rate alongside some of the others you have done?

Coming up with choreography in which I am defending myself against younger children did require a lot of time and thought. I didn't want to come across as if I was bullying them. I didn't want the fight scenes with the children to be too violent and I did try to add some comedic moments.

How was it working with the director, Harald Zwart?

Harald is a talented, passionate and hard working director. He is very artistic and comes up with really powerful images in the film. He always came to the set prepared. He was very focused and knew exactly how he wanted to tell the story in every scene. He always knew what everybody was doing on the set at all times.

Does the film have a message?

I think our film has many messages. People should respect each other and themselves. People must learn to overcome obstacles in life. We all must embrace new experiences and people in our lives. Despite a traumatic experience in a person's life, they must learn to deal with it so they can move on to their future. Kung fu (martial arts) is a great way for people to learn respect, discipline, focus and empowerment. It is important to have morals and ethics in life.

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The HC wants the Rizwanur case to be probed afresh

The latest Kolkata High Court’s order in the Rizwanur Rehaman murder case has justified the necessity to think beyond the prevailing system of delivering justice. The May 18 order of the Division Bench, comprising Justice Bhaskar Bhattacharya and Prasenjit Mondal, has not only cancelled the CBI’s charge-sheet against seven persons, including a few top police officials, but the case as a whole.

Besides, the court has indicted the West Bengal government for its “indecisive and vacillating” attitude. The court has further ordered a fresh CBI probe as “the case is fit for CBI investigation due to the gravity of the situation”. After this verdict, the credibility of the agency is being questioned.

Several advocates of the High Court, including Kalyan Banerjee and Idris Ali, have hailed the judgement as ‘historic.’

Computer graphics teacher Rizwanur’s body was found from railway tracks on September 21, 2007. Prior to that, he was allegedly being harassed by top police officers for marrying a Hindu girl Priyanka Todi, the daughter of Ashok Todi, owner of big hosiery company. He was being pressurised to snap nuptial ties. His murder united the state’s intellectuals, students and Muslims. After being severely criticised by them, the state Chief Minister ordered a CID probe into the whole affair by cancelling a three-day probe by the state-controlled Railway Police. Besides, a judicial enquiry was also announced. Later, the CID handed over all its findings to the CBI, which was asked by Judge Soumitra Pal to monitor the investigation as ‘Special Officer’ and report back to the High Court. The agency had submitted charge-sheet against seven persons, including Police Commissioner Prasun Mukherjee, DC (Detective Department) Ajoy Kumar, Sukanti Chakraborty and Krishnendu Das of Anti-Terrorist Squad under Section 306 (Abatement to Suicide) of IPC.

The Division Bench observed that Justice Pal has not asked the CBI for a full-fledged investigation, but the Central agency did so. On the other hand, the CID stopped its investigation without any reason and handed over all documents to the CBI. It was after this that the Bench observed that the state has failed to understand the ‘gravity’ of the case. The latest order also pulls up the CBI officials for ignoring the FIR lodged by Rizwanur’s elder brother Rukbanur at Kareya Road police station.

Now, the court has asked the Central investigative agency to file a case under Article 302 against the culprits based on Rukbanur’s FIR and investigate the matter. The CBI has been given only four months time to place its findings in the court. Although the government is upset with the judges’ remarks, Chief Minister Buddhadeb Bhattacharjee said: “We are not going to challenge the order in higher court”. But the Todis are likely to knock the doors of the Supreme Court.

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

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Aircel’s App stores

Aircel has become the first service operator in the country to launch a full fledged application store in collaboration with Infosys. Interestingly, world over, it is usually the handset vendors which have successful application stores like Apple and BlackBerry. Gurdeep Singh, COO, Aircel, says, “The reason as to why the service operators across the world have not been able to have a successful App store is because of the kind of energy it requires. We have an open developers community and the backing of Infosys would help us in getting a host of applications.” Technology will be a differentiating factor but the most notable feature of this application store from Aircel would be that it won’t just be a smartphone driven phenomena that most applications stores (like that of BlackBery, Apple, Nokia, Verizon)are, but it would also support applications driven on Voice and even SMS.

Surbhi Chawla

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Source : IIPM Editorial, 2010.

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

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What’s in the name

Just months after ratan tata showcased the nano, rajiv Bajaj is ready with his prototype of the small car in alliance with Renault. However, the small car plans of the Bajaj-Renault JV haven’t really been able to match the pace of the former so far. In fact, the prototype that was showcased in 2008 carried a Bajaj logo, but during his last visit, Carlos Ghosn, CEO, Renault, said that there were some branding issues and Bajaj Auto may not get a place for its logo on the car. But then, one should not forget that Renault has not yet tasted success on the Indian turf. While its JV with M&M is riding through choppy waters (with the falling sales of Logan, its tie-up with Ashok Leyland too is on the rough lane. This makes it all the more imperative for the French automaker to get its small car strategy right in India. “Keeping in mind the size and potential of the Indian small car market, getting the small car right will be vital for both Bajaj and Renault,” explains auto expert Tutu Dhawan. Moreover, there will be millions of Tata Nano running on the road by the time the duo launches its product in 2013. So, before thinking of giving competition to Nano, Renault should re-consider putting Bajaj’s logo on the small car as despite being new to the four-wheeler industry, the small car may benefit from Bajaj’s existing brand equity in the country.

Pawan Chabra

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Source : IIPM Editorial, 2010.

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

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Doodle and Google!!

You must have seen a Google Doodle (creative Google logos) on Google homepage on some special days like historic or seasonal events, and other local occasions. In order to woo school going kids this children’s day, Google India organised its first ever doodling competition called Doodle4Google. The contest was for students from 1st-10th and they had to imagine their own version of the Google logo, inspired by the theme “My India”. The kid who won the contest was Puru Pratap Singh. His Doodle appeared on Google Homepage on 14th November, apart from other incentives he got for winning the contest. Smart way to occupy mind space with future Google users, what say?

Pallavi Srivastava

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Source : IIPM Editorial, 2010.

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

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A grand debut...

Rajshri Productions is making its grand debut on Zee TV with the show, ‘Yahaan Main Ghar Ghar Kheli’. And true to the typical Rajshri style, the show will have lavish sets, experienced senior actors, beautiful compositions, et al. The storyline revolves around family relationships and their strength to stand by each other in tough times. Its main highlight is the love and respect of a daughter for her father. Irshad Kamil, well know lyricist who has penned lyrics of films like Jab We Met, Love Aaj Kal and Ajab Prem Ki Ghazab Kahani has put the songs together and also done the scripting of the songs. Shreya Ghoshal has lent her voice for the title track. The show features Alok Nath (one of Rajshri’s favourite actor) in the role of the doting father to Suhaasi Goradia of Star Plus’ famous show Aek chaabi hai padoss mein fame.

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Source : IIPM Editorial, 2010.

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

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Will Piaggio relieve the glorified days of the 1990s, in the two-wheeler Indian market, yet again? Pawan Chabra answers...

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If there’s anything Indians can relate to Italy after Sonia Gandhi and pizzas, then it’s definitely the mean machines from the Italian province. Be it FIAT, which found inroads into the Indian sub-continent for the third time and in its most recent run is doing reasonably well, all thanks to its new product line. What can’t be overlooked however is contribution of its much-popular brand Piaggio, which was once the market leader in the scooter segment in the country, with its JV agreement with LML. Today, Piaggio enjoys the numero-uno position in the cargo (Light-Commercial Vehicles, LCVs) as well as the passenger segments in the country. The elegant designs from Italy has ensured that the brand acquires many loyal followers in the country over time. In fact, the Vespa brand was one of best-selling brand in the Indian scooter market, giving stiff competition to companies like Bajaj during the 1980s & 90s. In fact, it was the Vespa brand that helped LML (the then, JV partner of Piaggio in India) move back into the black in 1991. By 1998, LML had become the second-largest scooter manufacturer in India with a market share of over 28%. However, after Piaggio called off its joint venture with the Kanpur-based LML in 1999, Piaggio confined itself to manufacturing of LCVs. Also, since then the Vespa brand has been reduced to only a case study discussing how a 40-year old brand had to exit the domestic market without a trace (as it belonged to Piaggio). So why are we discussing this right now? Well, this Pune-based Piaggio brand is considering options of launching two-wheelers in the Indian market after a long gap of around 10 years. “We are currently carrying out a feasibility study on our two-wheeler foray at the moment and the final decision will only be taken by year-end,” avers Ravi Chopra, Chairman and Managing Director, Piaggio Vehicles India. But will Piaggio be able to re-attain the glorified position that it once enjoyed in the Indian two-wheeler market is the real billion-dollar question.

Then there is another twist in the tale – Piaggio’s erstwhile better half, LML, has marked its re-entry into the Indian market in 2009 after it shut shop in 2006. The company, which is today operating under the scanner of the Board for Industrial and Financial Reconstruction (BIFR), has launched the NV brand once again in the Indian market. “We will be expanding only in the northern region of the country, as it makes more sense from the logistics point of view. Going forward, we will be expanding our footprint to other areas as well,” explains a source in LML. In fact, the company has clearly created plans in place to expand its product line to CNG scooters as well. But with Piaggio planning to come out with its products by 2010-11, it will only create more competitive problems for this already struggling two-wheeled aspirant. When asked, Chopra refused to comment on LML, but did pass off a line mentioning, “LML is now a sick company and is working under the BIFR scanner. I don’t think there is anything to talk about it...”

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

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The journey is the reward

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To its credit, Pantaloon Retail reported a 32% sales growth at Rs.5,924 crores for the eleven months ending May 2009, experts now say mainly on account of opening up of new stores and easy-on-the-pocket pricing policy. Toshniwal argues that Pantaloon is not meant to be positioned as a cheap brand and that the affordability factor is not the only reason for success of value formats like Big Bazaar, “Today, every retailer is offering economical pricing; so that doesn’t actually help to create a USP. We in the Future Group believe in giving the best quality with economical (rather than “cheapest”) price; this has been supported by our other marketing incentives.” Toshniwal has been key in introducing middle class targetted innovative schemes like “customers get 5 kg sugar free on purchases of Rs.1,500 and above!” This, and similar campaigns – some offering blankets too – helped Toshniwal boost up Big Bazaar’s sales by almost 30%!

During the upcoming festival season, the company does plan to roll out various price discount schemes to cash in on the increased propensity to spend. And here is where the role of logistics and supply chain becomes too critical. “It’s all about sourcing in bulk. Through our firm Future Logistics, we have been able to create a common platform from where we source all our merchandise for all our formats of business,” divulges Toshniwal. It is said that even the Birlas are looking at this format of leveraging from a common hub. But then, if everything seems to be uber cool, where’s the challenge?

Real estate! When it comes to the real estate industry, where the group has ventured in through Future Capital Real Estate, the group has not been successful to that extent. “That’s because our real estate business is not present everywhere and it’s a relatively new venture for us. Also, we have understood what people want, but it takes time to understand the concept of the real estate business,” reasons Toshniwal.

But that said, is enough said about business, as we also wish to find out Toshniwal’s views on leadership. The fact is that Toshniwal – whose passion is in understanding people – believes that there cannot be a stereotype model of leadership as it changes depending upon the situation and people you are dealing with. According to him, a true leader should be absolutely flexible and simple (“Try to be as much a people’s man and you will see a good leader will automatically come out of you”). But he does confess that however dynamic he might be, his regular jaunts between Delhi and Mumbai leave him very less time for his family. His passion (and wish now) is to spend more time with family and to indulge in sports. “I also pray, that we all have a good start for the next year,” comments Toshniwal with a future thought worth a million – or Rs.25,000 crores, as Future Group would say, as Toshniwal intends to make the group that big in three years from now. Mayur, our best wishes; we’ll be watching.

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Source : IIPM Editorial, 2010.

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

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Indian banks are mean competitors in global markets, putting their advantage – lower technology and labour costs – to good use.

So, what stops Indian banks to truly develop their global muscle, asks Deepak Patra

25th December or Christmas day in 2006 was special for Christalyn Sangary, President of a property management firm in Toronto, Canada. She was celebrating the day with her husband and five year old son Joshua at Film City, Mumbai and keeping them company was Bollywood heartthrob Shah Rukh Khan. “SRK definitely won the affection of our five year old son within minutes,” says Christalyn, adding that she was thankful to God and ICICI Bank Canada for making the beautiful experience possible. Yeah! Christalyn was actually the Grand Prize Winner of Meet and Greet Shah Rukh Khan, a contest hosted by ICICI Canada for all those who opened a chequing account with the bank during the contest months. In fact, the slate grey, thirteen storeyed skyscraper, jutting onto the Toronto skyline, which serves as headquarters for ICICI Canada, is really the hub of many such slick marketing ideas ever since its launch in December 2003. At first a niche bank, servicing just the Indo-Canadian community to a direct banking operation today and customers in every Canadian province, the bank boasts an asset base of C$6.4 billion (as of March 31, 2009).

ICICI is not the only Indian bank with global ambitions. Public sector bank, State Bank of India has also been an early starter in the direction. In fact, on and off, other big bosses of Indian banking industry – Punjab National Bank, Axis Bank, HDFC Bank or for that matter even banks like Andhra Bank, Bank of Baroda and Indian Overseas Bank – have shown some interest in making their presence felt in the global arena. But all those efforts have hardly been backed by consistent efforts; for the critic, they’ve only looked like well managed PR; while for the supporter, the ‘expansion’ moves have simply been attempts to make the shareholders back home happy. Excepting very few like SBI and ICICI, none of the other banks’ bottomlines gets a contribution even worth mentioning from their international operations. To that effect, and to their credit, in the case of SBI, this figure is about 8.6% (still less, but better).

And if one were to talk about going into foreign markets using the inorganic route, then apart from SBI and ICICI Bank – which have attempted a few acquisitions in Indonesia and Russia – none of the other banks have hit the news. A research report published by Accenture (India Goes Global) suggests that in all cross-boarder M&A activities involving Indian corporations between 1995 and 2006, the banking sector had a 2% share. Why this is very meagre can be seen by the fact that in other developed nations, the banking sector makes up a significant share of takeover deals. Definitely, one can argue that markets were on an upswing between 1995-2006 and therefore, with the global banks being valued sky high, it was not practical to invest in them.

But the situation has changed drastically since then. Today, many of the global banks (even after the revival that the market has witnessed in past few months) are valued at just 25-50% of their value in 2006-07. At this point, Indian banks have a huge opportunity. More so because they are loaded with huge reserves and cash balances, the traditional Indian tools to fund M&As. Moreover, capital adequacy ratio of most of the Indian banks is far better than that of global standards, which means they can actually afford to raise debt capital, if necessary, to fund any deal they take up.

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Source : IIPM Editorial, 2010.

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

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Beyond the glittering perception...

IIPM’s 36th Glorious Year of Academic Excellence

Are skyscrapers the ideal benchmark to define development?

It is said, “All that glitters, is not gold.” But there are people of wisdom with holistic views, who believe the opposite. So, if New York City’s skyline glitter over the shore at night, wisdom says it is the 24 carat gold that is shining. The rich New York has a coterie of rich friends apart from her American brothers. Whether it is Big Ben, Eiffel Tower or Monorail, these shining princess’ privilege and position draws adulation and idolatry from millions across the world while Indians dream that their cities draw same kind of admiration as our Western counterpart. Yet, Mumbai (India’s commercial capital) is simmering under grave infrastructure problems. As much as 54% of Mumbai’s population lives in slums, making it maximum in Asia. India’s capital, Delhi, has a figure of 20%. The living condition in these vast urban ghettos is pathetic to say the least with nest of 100 sq. ft. of thatched hut with no sanitation, no sewage and extremely poor drainage system. The roadways in Mumbai (albeit concrete) are below par because of poor maintenance and misappropriation of funds.

Delhi on the other hand has tar roads – but well maintained, compulsively done being the capital. Kolkata has tar roads too, but not well maintained at all, for decades now. Both Mumbai & Delhi has shortage of power creating frequent power cuts – unheard of in developed economies. Does London have beggars in the streets? Not many. Neither there are too may in Paris. But Mumbai boast of three lakhs, and Delhi have 58,000 on their streets. So behind the shining mask of Indian cities, lies ugly face of poverty, malnutrition, lack of social infrastructure and most importantly, hope for the future. Unless these factors are addressed and solved the glossy face of ‘India Shining’ cannot be sustained over a long period of time.

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Source : IIPM Editorial, 2008

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

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