Ford Motor’s unending odyssey?

Ford said that about 27,000 of the union workers who acknowledged the buyout offers have gone away from the company, till now. Nearly 37,000 United Auto Workers (UAW) union employees had accepted Ford’s offer as part of the company’s ongoing reformation process. The automaker, which recorded a record loss of $12.7 billion in 2006 and a loss of $282 million for the 2007 first quarter, is planning to bring about an immense change. For this, Ford is in a four-year turnaround plan aiming to slash 16 plants and up to 45,000 jobs. Ford has however revealed that it has about 700 workers assured of nearly full wages and benefits when the automaker eradicates work or closes factories.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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A Director’s bold attempt at “Message in a Movie”

“‘I’m interested in making films that deliver some message to the world... where the Director becomes completely invisible and ‘reality’ plays.” Set for release in September, in both Hindi and English, the movie stars Javed Jaffrey and Nandana Sen. Interestingly, a movie about the evils of poaching, is likely to have a much greater impact on public conscience at large than other forms of awareness campaigns undertaken so far. Kumar is upbeat about how the movie will be received. Says he, “The good news is that the world is ready to receive such reality bites! I think even the Indian audience is fed up of music and dance and is waking up to such stuff”. Looking forward, the Director has trained his sights on plucky issue of Islamic fundamentalism with his next project dealing with the issue “in a very humane manner.” Now, here’s a Director who’s harnessing the medium for a message.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

GoAir is only concerned with the domestic traveller & that too the ones minding their ‘budget’

Presently, his airline operates 396 weekly flights to 11 airports across the country, boasting the highest load factors for the past 6 months (90%). The carrier also does not tire of peddling the fact that it has the highest market share per aircraft in the industry. Like other low cost airlines, Jeh is also focusing keenly on train passengers to boost the bottom line of GoAir. He points out that the cost structure of GoAir was specifically tailored to deliver a product & service to this target audience, “Initially, the torture test to this was ‘who was the customer, how much do they pay’? Then work out the cost structure backwards & understand whether you can make money with this cost structure. We decided to move forward based on the fact that this (GoAir) is a good financial investment.” Considering that most aviation players today are in the red & consolidation is the golden buzz word in the industry today, does Jeh have an action plan lined up for taking GoAir forward? Ask him & pat comes his reply, “Consolidation will benefit those who want to cover all points of travel: domestic full fare, low cost & international, covering the entire gamut of 1 billion potential fliers. Take Naresh Goyal, he consolidated in the domestic market first & is now leveraging the domestic market share to fl y international. Mallya is consolidating because he needs to come to the same size as Jet & Air India to go international. GoAir is only concerned with the domestic traveller & that too the ones minding their ‘budget’, so we are comfortable.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Maharashtra government’s Dharavi development policies need to be fair to the residents

Reacting to the government policy, Babo Rao Mane, President, Dharavi Bachao Samiti & Ex-MLA Shiv Sena told B&E, “We are totally against it and will wage a war against this injustice. The families residing here should get a minimum of 400 square feet each. We have 1,50,000 families living here, but only 67,000 are getting an apartment, which is unfair to the others.” The builder mafia is ferociously ambitious to grab this prime land (worth $10 billion) and convert the garbage dump into a gold mine. The lure for lucre is so great that foreign builders, Emaar & Al- Nakheel (from Dubai), an investment fund from New York and our domestic giants Reliance, DLF, Larsen & Toubro, HDIL et al, are vying to have a piece of cake. Talking about the bids, Ashok Kumar Gupta, Director, HDIL said to B&E, “We are looking forward to the bids for rehabilitation of Dharavi slums. We have a strong presence in Mumbai and our company has several on-going slum rehabilitation schemes.” Babo Rao Mane however feels that, “The government has sold out to the builders lobby. Earlier, government said that they will take the consent of 70% people at Dharavi, but then conveniently broke this promise. Government is resorting to dadagiri.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative