Going Strong at Ten

Powered by a group of six young HR professionals, More Than HR Global (MTHR Global) is a rapidly growing knowledge movement in Mumbai. The core purpose of MTHR Global is to impact the HR profession by expanding the professionals’ knowledge base.

MTHR’s founders are Mr. Rajesh Kamath, Principal Consultant – L&D, Cerebrus Consultants; Mr. Ashish

Gakrey, People Relationship Management, Capgemini India; Mr. Rajesh Gupta, DGM - Human Capital, Future Generali India Life Insurance and Mr. Vipul Agarwal, Director, Zend Consulting Services, with committee members, Ms. Preeti Malhotra, Head - HR, Prabhudas Lilladher Pvt. Ltd. and Mr. Keyur Jani, AM – HR, Deloitte.

On its 10th anniversary, MTHR organised a number of lectures in various cities of the country for the benefit of the HR community. The latest in the series of lectures were held in Pune, Bengaluru and Mumbai.

The event in Pune was held on the 24th of May. It consisted of a series of lectures on the theme, “Nurturing Geniuses: From Classroom to Boardroom”. Dr. Anil Khandelwal, author, mentor and ex-CMD, Bank of Baroda, delivered a lecture on the value of being authentic in HR. He said that organisations should practice authentic communications and treat employees as customers. Prof. Ranjan Das, Strategy Guru, IIM-C, made the point that, HR is not getting its due respect, while Finance and Marketing dominate too much by speaking the language of business. While, ACP Dhanraj Vanzari of Mumbai Police spoke about Situational Leadership. He said that situations make a leader out of a person and cited the example of Tukaram Ombale, who laid down his life during the 26/11 attacks. Read More

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Oil companies should behave both as ‘corporations’ and as ‘citizens’; both for their ‘shareholders’ and ‘the planet’!

Try asking the $233.3 billion giant BP this & it would perhaps flash its sparkling new logo & utter, “We’ve re-christened ourself to BP! – Beyond Petroleum!” It has earmarked a walloping $8 billion as investments (through 2015) to its alternative energy division. The $175.1 billion oil-engine Chevron, too, pledged $5 billion in renewable technologies (during 2002-2009). Then there’re giants Shell & ConocoPhillips, which have already invested a mammoth $1.68 billion on bio-fuels till date.

So, while these global giants are donning the ‘Go Green’ hat, the champion – Exxon Mobil which re-wrote history by scripting a heart-stopping $39.5 billion in profits in 2006, begs to differ! Its argument as Rex Tillerson, CEO, Exxon Mobil puts it, is “to go in and invest like everybody else... Why would a shareholder want to own Exxon Mobil? We’re only going to invest shareholder money where they can get the returns they expect with Exxon!” Even forecasts by US Fed’s Climate Change Program (which concludes that fossil fuels will supply a strapping 80% of total energy needs by 2100) & EIA’s Energy 2007’s outlook (stating that natural fuels will provide 80% of energy even in 2030) support Rex’s strategy to not jump illogically into renewables.

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Cadbury is not short of suitors!

From the time it has announced its intentions of splitting its sweets and drinks business, it is believed that Cadbury has received around 12 proposals for the drink business. Sources claim that two private equity consortium have already been formed for bidding purposes. The bid is being valued at $16 million. Dr. Pepper and Snapple are two of its brands in the beverages business. A consortium comprising of Blackstone Group, Kohlberg Kravis Roberts and Lion Capital is supposed to be one of the parties in fray for cadbury’s business. Noticeably, Cadbury’s continental European beverages business was bought by Lion and Blackstone in February last year for $2.50 billion.

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Source: IIPM Editorial, 2006

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

Makeover bug bites this ‘Axis’!

At a time when the stalwarts of banking industry are failing to impress investors and bulls of Dalal Street alike, it’s actually the minnows which are stealing the show. UTI Bank is one such bank and one just needs to glance at the financials to understand why analysts have recommended a ‘buy’ or ‘accumulate’ rating on UTI stock. India’s third largest private lender – UTI Bank registered net profits of Rs.6.59 billion for the year 2007, a massive 35.8% jump over last year. Today, with an impressive portfolio, UTI Bank offers its customers all the financial services ranging from corporate credit to retail banking to capital market services. One of the better networked banks in India, UTI Bank is giving a tough fight to the likes of ICICI Bank and SBI in terms of reach and expansion in metros.

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Source : IIPM Editorial, 2006

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