World's 10 top management gurus

World's 10 top management gurus


Email Discuss Get latest news on your desktop
Back
-->
Next
World's 10 top management gurus
August 6, 2008
"Deregulation, emerging markets, new forms of globalisation, convergence of technologies and industries, and ubiquitous connectivity, these have changed many aspects of business," said management guru C K Prahalad in an interview.
Prahalad is the world's topmost management guru and the first Indian-born thinker to claim the title.
The Thinkers 50 2007 list, produced by Suntop Media in association with Skillsoft, is a definitive guide to who is the most influential living management thinker.
Although the list is still dominated by North Americans (37 of the 50 gurus are from the United States), three more Indian management experts have made it to the Top 50. As yet, no Chinese guru has emerged.
To find out about the other nine who completed the top 10, read on. . .

1. C K PRAHALAD
Coimbatore Krishnao Prahalad was born in the town of Coimbatore in Tamil Nadu. He studied physics at the University of Madras (now Chennai); worked as a manager in a branch of the Union Carbide battery company, then went to the Harvard University and earned a PhD.
Prahalad, is now the Paul and Ruth McCracken Distinguished University Professor at the Ross School of Business, University of Michigan, specializes in corporate strategy.
His books include:
Multinational Mission: Balancing Local Demands and Global Vision (1987), coauthored with Yves Doz,
Competing for the Future (1994), co-authored with Gary Hamel. Printed in fourteen languages, the book was named the Best Selling Business Book of the Year in 1994, and
The Future of Competition: Co-Creating Unique Value with Customers (2004) (coauthored with Venkatram Ramaswamy).
On his vision about India, Prahalad says: "As a country, India must have high and shared aspirations like it had in 1929 when the leaders of the then Congress party declared their ambition as Poorna Swaraj. Since then, India has never had a national aspiration which every Indian could share."

For more: http://specials.rediff.com/money/2008/aug/06slide1.htm
------------------------------------------------
Chaturvedi Panel for 'Super Profit Tax'

The Prime Minister-appointed B K Chaturvedi panel is believed to have suggested reviewing fuel prices every month to bring them at par with production cost and has sought imposition of a 'Super Profit Tax' on oil fields awarded before 1999.

The Committee, which submitted its report to Prime Minister Manmohan Singh earlier this month, is believed to have suggested raising petrol and diesel prices by a small amount every month till they are at par with production cost, sources who had seen the report said.Besides freeing pricing of petrol and diesel from administrative control, it also favoured subsidising cooking fuels LPG and kerosene through a new tax on oil produced from fields awarded prior to the advent of New Exploration Licensing Policy (NELP) in 1999.

At present, only state-run producers like ONGC shell out a part of their revenues from high oil prices towards fuel subsidies. If the recommendations are accepted, it would mean oil producers like Cairn (in Ravva field) and BG-Reliance (in Panna/Mukta fields would also have to pay for subsidies.

Sources said the Chaturvedi Committee, that went into the financial health of oil PSUs, has also suggested pricing fuel at export-parity rates that a company may get if the fuel was to be exported.These rates would be 10-15% lower than the trade parity pricing followed now, thereby bringing down the projected revenue losses. Domestic retail price is currently determined in a 80:20 mix of import-parity and export-parity prices.Besides, the panel has also recommended squeezing the marketing margins but has not favoured any tax on windfall gains some refiners particularly in the private sector have made in recent times.


Source:UTVI

Govt eyes $10bn from BSNL public offer

Govt eyes $10bn from BSNL public offer

The government on Thursday broached plans for the public listing of telecom giant Bharat Sanchar Nigam Ltd with its workers, but neither the proposal nor an offer of ESOPs found any takers.
Communications Minister A Raja, who attempted to win the consent of employees union for diluting 10 per cent of BSNL's stake, said that the listing could be in the band of Rs 300-400 a share by the end of this fiscal.

BSNL, India's top telecom firm by subscriber numbers, has a paid up equity capital of around Rs 5,000 crore (Rs 50 billion) and could achieve a revenue of Rs 50,000 crore (Rs 500 billion) at the end of this fiscal. As of end-June, BSNL had nearly 73 million wireless and fixed-line subscribers.

"This is the first time I am talking to the BSNL union on the issue of listing after its board took a decision on the same last week. We have explained to the union on how the IPO will benefit the company," Raja said after meeting the workers.

To win the consensus of the three lakh BSNL employees, the company's board offered workers 500 shares each at Rs 10 a share, while the IPO would be in a range of Rs 300-400 per share, the minister said.

The union, however, rejected the ESOP package. "This Esop is a bait.. we will not fall for it," BSNL Employees Union General Secretary V A N Namboodiri said. The union fears for jobs of workers after the IPO, as also about the growth of the company.

BSNL finance director S D Saxena said the conservative valuation was roughly $100 billion. "Vodafone got Hutchison Essar a valuation of $21 billion and this company is 5-6 times bigger," he said.

Merchant bankers have not yet been appointed for the IPO, Saxena said, adding that the process would start now.He said the IPO could happen in six months. "We will not rush into it. We will try to convince everyone. If there is a delay in the issue it is better. The valuation may go up."
But union leader Namboodiri told reporters after meeting Raja that "we are not interested in the ESOP package given by the board. We don't want any IPO in BSNL. We are not convinced with their argument that the IPO is beneficial for BSNL's growth."

BSNL chairman Kuldeep Goyal, however, said there is no timeframe as to when the IPO will happen. "There is no immediate need for it but we are preparing the ground work. . . (and claimed) we are seeing some positive reaction from the union on the issue," although the union rejected the plan outright.Appealing to the workers keep the negotiations on, Raja in a statement said that the IPO will reveal the real value of the company as also help it get Navratna status -- which would give greater financial autonomy to the telecom firm.

At Thursday's price Bharti is valued at Rs 1.61 lakh crore (Rs 1.61 trillion) and RCom at Rs 90,517 crore (Rs 905.17 billion).

SOurce: Rediff