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COVER
FEATURE
"Our
strategy is simple: Stay focussed on the customer and deliver
him unbeatable value in service quality, product innovation
and customer friendliness."
-
- Ravi S Madapati
Reliance
Industries needs no introduction. The company has singlehandedly
revolutionized public equities market in India. The company
is India's largest petrochemical firm and second largest company
(behind Indian Oil and just ahead of Hindustan Petroleum).
Reliance contributes about 3% of India's GDP and is also the
country's largest exporter. Reliance exports its products
to more than 100 countries the world over. Polyesters and
polymers account for most of Reliance's sales. Reliance was
founded by late Dhirubhai H Ambani (1932-2002).
©2005 IUP. All Rights Reserved
GLOBAL
SCENARIO
The
dollar crisis: A doomsday scenario
- - Dilip Dasgupta
Dollar,
the universal currency is ready for a sharp correction. It
may lose its privileged position unless US mends its spending
habits. If dollar crashes, there will be a systemic fall out,
seriously jeopardizing the economies of the leading nations
of the world, including that of US. Soft landing the dollar
is an international priority.
© 2005 IUP. All Rights Reserved
OPINION
The
rise and fall of Arthur Andersen
- - Srividya Srinivasan
This
article is about the rise and fall of one of the most popular
accounting firms, Arthur Andersen. Rated as one of the 'Big
5' along with Deloitte, KPMG, Ernst & Young, PricewaterHouse
Coopers, the firm once known for its proud culture of integrity
and high reputation crumbled due to unethical practices. Enron
was the last straw for Arthur Andersen which was already mired
in deep controversies and internal troubles. When Enron fell,
it dragged along with it the 80 year old, once successful,
reputed auditing firm into deep abyss.
© 2005 IUP. All Rights Reserved
COMPANY
IN FOCUS
Samsung
Electronics: Rise to the top
- - Ravi S Madapati
The
electronics giant-Samsung is making its way to the top swiftly.
Samsung is second to none in the manufacturing of CDMA phones,
LCD monitors etc. The article throws light on the rapid progress
of Samsung in the recent past.
© 2005 IUP. All Rights Reserved.
ENTREPRENEURSHIP
Born
Global Firms: An introduction
- - Neeraj Mankad
The
process of Internationalization of a Firm has been a wide-spread
subject of research over the last many years. The technological
revolution, responsible for free exchange of information across
countries, formation of new trade blocs like the EU, WTO,
etc., resulted in firms expanding their markets across borders.
© 2005 IUP. All Rights Reserved
E-GOVERNANCE
E-governance
for healthcare: A proactive approach
- - Rajani Singh
The
healthcare industry has a pivotal role in the economic health
of the country. The prime health objective of National Health
Policy 2002 is to ensure equal access, to medical services
to all citizens irrespective of the location of their residence.
This article narrates the present status of the health care
and the role of electronics in improving healthcare.
© 2005 IUP. All Rights Reserved
HUMAN
RESOURCE MANAGEMENT
Reverse
mentoring
- - Smita Kulkarni
"Mentoring
has been an inalienable ingredient of the corporate parliaments,
wherein the elderly, learned, and experienced top brass of
the company coach the budding executives. But with the changing
times and sprouting necessities, the corporate houses are
encouraging the practice of reverse mentoring, which witnesses
the role reversal in the process of mentoring. The articles
provide a detailed understanding of the concept."
© 2005 IUP. All Rights Reserved
INDUSTRY
IN FOCUS
Energy
crisis
- - Sini Elezebeth Johnson
Energybe
it a natural resource, a commodity, a societal necessity,
or a strategic drive; it is truly the most indispensable `Growth
Factor' for the world's economy and human well-being. However,
the escalating disparity between demand and supply of energy
has mooted the question whether we can avoid the impending
collapse of the world economy and/or the destruction of civilization
and the biosphere? Can Indian business meet this crisis?
© 2005 IUP. All Rights Reserved
TECHNOLOGY
The
end-of-days for voice on wire
- - NM Shanth
Convergence
is seeing its way into the businesses, since technology-advocates
have understood the feasibility of bringing voice and data
together. Transmitting voice through data transmitting network
comes, as an apt solution for today's businesses, at a time
when they are looking for ways and means to cut costs.
© 2005 IUP. All Rights Reserved
GLOBALIZATION
Environment,
people and globalization-An overview
- - N Mukundan
The
subject of environment has been under discussion for the last
two decades. However, no systematic development has been made
to incorporate these environmental issues in the developed
world. This article attempts to highlight the critical ecological
issues in developing countries like India, over pumping water,
degradation of costal areas and exploitation of natural resources
due to globalization.
© 2005 IUP. All Rights Reserved
CORPORATE
FINANCE
Hostile
takeovers and defenses
- - Anitha Dilipan
Takeovers
are mostly associated with the negative side of business.
And, more often than not the target company employs all possible
ways to avoid it. With the use of what are called takeover
defense mechanisms, discussed at length in this article, the
target companies try to build a shield around them. But not
all takeovers are forced or thrust upon the target company-
some companies mutually agree to face business uncertainties
together.
© 2005 IUP. All Rights Reserved
MANAGEMENT
Restructuring
at HLL-The management control system perspective
- - Rajeev Bhide
HLL
has been passing through a rough phase since quite some time.
This resulted in the inevitable restructuring at the various
levels of the FMCG behemoth. This article draws a retrospective
analysis of the restructuring at HLL.
© 2005 IUP. All Rights Reserved
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