Wednesday, July 26, 2006

REMINISCING THE PAST

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Located in the heart of Southeast Asia, Malaysia enthralls its visitors with breathtaking natural beauty, rich cultural heritage and exotic culinary delights. Major tourist attractions are Kuala Lumpur (capital city), Penang, Sabah and Melaca. Malaysia happens to be an amalgamation of various cultures around the world; the population largely consisting of Malays, Indians and Chinese. The country witnessed the beginning of its colonial legacy in 1511, when the Portuguese first arrived in Malaysia. They were followed by the Dutch, British and Japanese.

By the beginning of World War II, the economy came under the Japanese control, which ended in 1945 only, when the war ended. The country got freedom from British colonial rule in 1957 and the Federation of Malaya was established under the leadership of Tunku Abdul Rahman. Since then, Malaysia has focused on transforming itself from being an essentially agricultural & mining society to one relying on manufacturing. Singapore was initially a part of Malaysia, but withdrew in 1965 due to demographic imbalances. Ever since, Malaysia’s presence has been felt significantly through various international frameworks like AFTA (ASEAN Free Trade Area), APEC (Asia- Pacific Economic cooperation), NAM (Non-Aligned Movement Countries) and OIC (Organisation of Islamic Countries).

Since the opening of the economy in 1980s, Malaysia achieved stupendous growth and prosperity. Much of the credit is due to the dynamic leadership of the Prime Minister Mahathir bin Mohammed, who led the country from 1981 to 2003.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Wednesday, July 05, 2006

INFOSYS

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INFOSYS


Have you heard of an Indian company being given the credit for bringing jobs back to the US soil? Undoubtedly, it can be none other than India’s homegrown IT giant, Infosys, which proved the outsourcing perception to be misplaced through its unique off shore outsourcing strategy! In the ‘People’s Awards for Excellence in Business & Economy’, Infosys was appropriately crowned as India’s most global company. The times have changed and Infosys faces new challenges. Nevertheless the company continues to make its mark in the international arena by taking on the likes of IBM, EDS, KPMG and Accenture, to name a few.

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Source : IIPM Editorial, 2006, Author - Prof. Arindam Chaudhuri

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Brij Mohan Munjal started out with a small business of manufacturing bicycle components in Ludhiana. After masterminding one of the most successful JVs in the world – Hero Honda, Munjal maneuvered the Indian two wheeler industry in a new direction and brought an end to Bajaj’s decade’s long dominance. Today, Hero Honda Motors Ltd. is the world’s largest two wheeler company. Munjal’s business acumen and leadership qualities have paved the way for the Group’s success. Munjal’s strategy of backward integration of the group’s operations has been immensely beneficial to the Group. Today, the value of the Hero Group is $2.2 billion. Even after tasting success, Munjal believes in leading a simple life and prefers to stay away from the media. This self-made entrepreneur was born in 1923. At the age of 82, Brij Mohan Munjal continues to take active participation in the company’s affairs and is an honorary fellow of the Indian Institue of Industrial Engineers. Also, he has been involved in promotion of the Indian industry and has served as the president of SIAM and CII among other things.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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