And now we are all going bananas!

If there were bugs in the soft ware, the odds are that they threw the election to the wrong candidate. An Orlando Sentinel examination of other votes cast by those who supposedly failed to cast a vote in the congressional race shows that they strongly favoured Democrats, and Buchanan won the official count by only 369 votes. The fact that Buchanan won a recount – that is, a recount of the votes the machines happened to record – means nothing.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

It’s all about money

Today elections are a game of money. The ones with the deepest of pockets survive. In fact, it’s become the norm in America since 1976, that the candidate who has raised the most money by the end of the year preceding the election, has become his party’s nominee for President. Bush and Kerry raised a total of nearly half a billion dollars each for the 2004 Presidential elections. The battle between the Republicans and Democrats is fought primarily on TV, thus making it a very expensive warfare. During the mid-term polls held this year, some $2 billion were spent on the United States election campaign ads.

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Source:- IIPM Editorial

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Letter from the Chairman

I really appreciate the recognition given to our efforts on innovation, I thank 4Ps B&M and Planman Media for bestowing This honour on me and Kingfisher.

Dr. Vijay Mallya, Chairman, UB Group

Retail development indicates economic development as well!

Refer your cover feature in Vol 1, Issue 18, ‘Indian Retail wars’. It was a good read about the various business houses foraying into the retail sector. But more surprising is the fact that the organized retail sector after all the talk that we have in various media accounts only to a meager 3% of total retail sector. Personally, I believe that the development in retail sector and all the hyper-marts et al are a positive and visible indicator towards infrastructural and economic development. However, the sad part of such development is that the businesses are concetrated on catering to the high-end consumer segment rather than the masses. Perhaps that’s the reason which will also hinder the growth of organized retail sector. Though I am not an expert, I would suggest that these retail giants must strategically focus and commit towards serving the masses of India for, it is a segment with great potential, which is all extracted by the unorganized retailers alone. Innovative strategies and solutions need to be designed to tap this particular segment as well, big time.

Aryan Paul, Lucknow

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Source:- IIPM Editorial

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