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Horizons 2005: The Annual Management Seminar at IIMK In line with the optimistic spirit prevalent in the nation, Mr. Bijou Kurien, Chief Operating Officer of Titan Industries spoke on India's capability in creating global brands. The talk centered on the reasons and challenges faced by Titan Industries in deciding to go global. He also talked about the success attained by Tanishq in branding jewellery which has been traditionally viewed as a commodity. He concluded his talk with the message that to be global it is necessary that we make use of our capability advantages along with better government initiatives in areas of policy making and implementation. The CFO of CRISIL, Mr. D. Ravishankar then took over with an extremely informative talk on Basel II for banks. He talked about the different types of risk a bank faces, credit risk, market risk and operational risk, and how each of these needs to be hedged for by the banks. He also talked about the difference in Standardized credit rating of external agencies and the internal IRB rating that banks could go for, and fended a lot of questions from the engrossed audience on the same. The architect of mega-mergers like Glaxo-Smithkline and Tata-Tetley was up next. Mr. Homi Khusrokhan, who was the MD of these companies and led them through these massive mergers, and is now the ED of Tata Chemicals, told the participants about his experience with mergers & acquisitions over a period of nearly 40 years. He mentioned that the prime reason many mergers fail is because revenue synergies are ignored in favor of rampant cost-cutting. Mr Khusrokhan stressed that in this age of international mergers, convergence of values is more crucial than that of culture, since some differences in culture are inevitable, but that can be ironed out if the company value-systems match. He said that treating people sensitively goes a long way in cultural integration, which was a fitting end to a seminar that brought together the experts from a wide variety of backgrounds on to a common platform. The participants of the seminar went away with rich learning from the masters from diverse domains, with a view to incorporate the same into their careers. FICCI was the knowledge partner for this event, and Sify was the Media partner. Concluded. Click here to post your views/ comments/ experience on this... Contributed by - |
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