| Cover
Story The
Future of Reliance
--
A
V Vedpuriswar & Sudipto Samanta
Dhirubhai
Ambani was arguably the most successful businessman in post-independence
India. His overall warmth and humility won him many friends
and well-wishers cutting across the entire spectrum of society.
"Dhirubhai will go one day," he had said in an interview
long back, "but Reliance's employees and shareholders
will keep it afloat. Reliance is now a concept in which the
Ambanis have become irrelevant." Now that Dhirubhai is
no more, his sons, Mukesh and Anil, face the daunting task
of steering the Rs. 65,000 cr behemoth into an increasingly
competitive business environment.
© IUP. All Rights Reserved.
Strategy
Winning
Asian Strategy
-- Tobias
C Hoschka and John Livingston*
Most
Asian companies have been operating as conglomerates, limiting
themselves to domestic markets in a protected environment.
The changing business scenario leaves them highly exposed
to the risk of being beaten by global players with deep pockets.
The article points out some of the downsides of the strategies
adopted by Asian companies. These include too much dependence
on their domestic market and inability to build businesses
on a global scale.
© McKinsey,
Quarterly, 2002, Number 1. (www.mckinseyquarterly.com). Copyright
2002, McKinsey and Company. All Rights Reserved. Reprinted
with permission.
Enterprise
Risk Management
Managing
Marketing Risks-II
-- AV
Vedpuriswar*
Efficient
production can only partially explain the success of a product.
Often, it is marketing which holds the key. marketing, however,
involves several uncertainties. This article explains the
risks involved in product development, pricing and distribution,
and how they can be mitigated.
© IUP. All Rights Reserved.
Leadership
Failure:
The Dreaded Word in CEOs' Lexicon
-- Jahna
SR*
It
is a common practice to attribute a business failure to the
CEO. Indeed, sacking the CEO has become a general norm when
the company is in doldrums. But, little is done to understand
the real story behind the failure of otherwise successful
and capable people. This article attempts to understand the
chemistry of a successful CEO. It also identifies the important
factors which have to be considered while selecting a CEO.
These include size of the organization, style of decision-making,
stage of the company's life cycle and leadership style.
©
Jahna SR (www.refresher.com). Reprinted with permission.
Global
Value Chain Configuration
BPO:
What Lies Beneath?
--G
Madhan*
Business
Process Outsourcing is today the new mantra by which, modern
day organizations focus on their core competencies and stay
away from non-core activities. outsourcing can facilitate
cost reduction, specialization and faster response to changing
customer needs. But BPO has its own perils. Outsourcing may
fail if the selection of the partner is wrong, if there is
an overestimation of the provider's capabilities, if the responsibility
of the provider is not clearly defined or if measurable performance
objectives are not included in the agreement.
© IUP. All Rights Reserved.
Corporate
Governance
McKinsey
under Rajat Gupta
-- Senthil
Ganesan*
The
article discusses the issues related to McKinsey's close connection
with the bankrupt Enron and also the failure of its other
prominent clients like Kmart, Swiss Air and Global Crossing.
The article also addresses topics like change in corporate
culture, McKinsey's aggressive growth strategy and its outlook
for the future.
© IUP. All Rights Reserved.
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