But how many can actually afford a tour to the West Indies to cheer for Team India? Read on...

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Captain Jack Sparrow and his team have found a new land to dock in – India. Yes, with the Cricket World Cup 2007 to be played in the Caribbean Isles, the pirates, members of the Caribbean Tourist Board, have anchored their ship in this cricket-crazy nation. And why not? With the US-based Luxury Marketing Council envisaging a 35% growth in international travel and a Cap Gemini Report claiming that the number of Indian millionaires set to grow at 12.8%, a great many tourism boards are betting big on India. And the time is just right for the Caribbeans! All this means that sunny days are ahead for desi travel agents and cruise conductors.

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

The year 2002 was the second biggest decisive moment of my life

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In 1980, he diversified the group’s activities into handicraft exports and real-estate development business. And since then, he has been the visionary bulwark of almost all businesses of the group. “The year 2002 was the second biggest decisive moment of my life, when my family asked me to take over the news business. The ask of the family seemed so momentously importunate to me, that I could not even decide for 15 days; less because of any inhibitions with my enthusiasm, and more because of the fact that I had very less idea of the media business,” Lakshmi Goel divulges to us, “But finally I decided to say yes.” And what a ‘yes’ it has been! With competition increasing in the news channel space and each channel targetting specific viewers, Lakshmi has ensured that not only is Zee News in the top two or three viewed channels across India, but has also constantly endeavoured to be at the number one position with respect to what the viewers want.

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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Technology giant, HP, must reorganise itself on many fronts to remain competitive

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Hewlett-Packard is looking for a second act. Several of them, actually. Its turnaround was confirmed this year when profits from PCs and corporate servers and storage devices nearly doubled from the year earlier. It sold more PCs than any other maker and claimed the title of the world’s largest technology company. Now it has to sustain those gains. The $92 billion company has targetted 6% growth in 2007 & 2008. That means it must add $5.5 billion a year in new revenues, or what Yahoo! Produces each year in total revenues. “Scale has enormous advantages,” says Mark V. Hurd, Chairman, HP. “One disadvantage is that billions of dollars of annual revenue growth may appear underwhelming expressed as a simple percentage figure.”

The Law of Big Numbers is the bane of any giant company, as it makes it hard to grow as quickly as a small, nimble firm. HP has cut 15,000 employees and plans to trim $84 billion in expenses to be more efficient, but cost-cutting improves the bottom line faster than the top line. A debt-free company with a $11 billion in cash, HP could acquire other companies, but prefers not to, and adding revenues organically won't be easy.

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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Isn't it all about B(o)eing the go Jetter?

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India’s largest private airline, Jet Airways, recently placed an order for 10 Boeing 787-8 Dreamliners. The deal is being valued at more than $1.5 billion (at list prices) and the delivery of the planes will begin n 2011. These fuel-efficient 787 Dreamliners along with other 777s (ordered in September 2005) are supposed to aid Jet's international operations. The airline will take delivery of 10 777-300ERs in April. As of now, Jet flies to London, Singapore, Kuala Lumpur, Colombo & Kathmandu and cherishes dreams to fly to North America, Europe, Africa, China & Asia.

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative