Yummy for investors, as well as for visitors

Well, McDonald’s can definitely afford to eat its burgers and save it too. Matthew Paull, CFO of world’s largest hamburger chain, expects that the company will be able to return at least $10 billion in cash to its shareholders over a period of two years by 2008. The company also reiterated its commitment to be in line with the health levels (read fat) prescribed by the New York City law. The company is already trying to reduce the fat levels in its French fries. McDonald’s is also working on to come up with new premium chicken salad & modified chicken snack wrap, which have been major components of McDonald’s menu for years. The company is planning to spend a whopping $1.8 billion on capital expenditure during 2006 and another $1.8 to $1.9 billion in 2007. According to Chief Executive Jim Skinner, in a move to streamline costs, McDonald’s has now reduced its advertising expenditure through television from 85-70% of the total advertising budget. McDonald’s is experiencing its strongest business results in 30 years, he added.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

‘The Discipline of Market Leaders’

In fact, it was in 1990, when a ‘ground-breaking’ paper (by Hammer) in the Harvard Business Review told managers that unless they radically questioned and threw out all existent processes, and comprehensively ‘reengineered’ (read, reinvented) newer processes, dramatic and radical improvements could never be achieved. The eccentric concept promoted the philosophy that simply ‘improving’ processes within corporations didn’t help; it had to be dramatic reengineering, or in other words, forgetting one ever had any process before… Phew! And so, CEOs found a niftier spin to befool shareholders and managers, a classier jargon to confound employees. And did it work?

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

RUN! IT’S THE BPR BEAST… BURP…

Well, that perhaps is the only sound that comes out of this monster after it has steamrolled its target corporations; that’s the power of the beast called BPR or Business Process Reengineering… It was in 1995 when Fred Wiersema (a consultant at worldfamous CSC Index) and Michael Treacy (who had previously worked for CSC Index) came out with a book, ‘The Discipline of Market Leaders’. The book sold 250,000 copies within six months but in August 1995, Business Week disclosed how these two consultants and CSC Index had actually used unethical tactics – by buying-off copies all over the US to increase sales! One of the co-founders of CSC Index was renowned author, James Champy, who had been caught using the same methodology, a few years before he & Michael Hammer (MIT professor) wrote a book titled – ‘Reengineering Management’ – the book that defined the basics of BPR!

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

‘Track Record’

However, critics argue that AIM is suitable for only those companies which are low on transparency and corporate governance and do not share much information with stakeholders, but Karna snubs the theory saying that “compliance norms of those listed on AIM are stringent and are in line with internationally accepted standards.” As in this entire process of getting listed, ‘nominated advisors’ play a pivotal role in discharging all due diligence for the companies. With the economy in a bullish mode and Indian companies increasingly looking to make their presence justified world over, they are out to make the best out of all avenues possible. Deserving companies shouldn’t mind going that extra mile; they should explore and exploit opportunities

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Lat(in)’s rock...

There is a lot of hullabaloo about China, India and other emerging Asian markets with impressive growth rates, buoyant corporate performance and sound economic fundamentals being their highlights. But at the end of 2006, it’s the emerging Latin American markets that have outperformed the whole world. During the last half decade, the performance of emerging Asian stock markets has been great but Latin American markets are rapidly entering into the portfolio of investors by churning out better returns. According to Morgan Stanley Capital International, Emerging Market (EM) Latin America Index for the year 2006 (till December 4) churned out a whopping 31.48% returns as compared to 25.89% by the EM Asia Index. Definitely, even though emerging Asian countries continue to grab headlines across the globe, EM Latin America is slowly but gradually turning into an investors’ delight. For 2007 also, the outlook is quite positive as demand for equities will continue to outstrip supply. Furthermore, IMF has forecasted a drop in inflation to a regional average of 5% in 2007, which will make the region more attractive for the investors.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative