...4/25/2012 1 Reverse Innovation: Create Far From Home, Win Everywhere Vijay Govindarajan Earl C. Daum 1924 Professor of International Business Tuck School of Business at Dartmouth College May 2, 2012 To ask a question … click on the “question icon” in the upper-left corner of your screen. Type your question and name and click on the send button 4/25/2012 2 Follow the conversation on Twitter Use #HBRwebinar @HBRExchange Reverse Innovation: Create Far From Home, Win Everywhere Co-Authors Vijay Govindarajan and Chris Trimble 4/25/2012 3 Reverse Innovation Vijay Govindarajan Tuck School of Business at Dartmouth VG@dartmouth.edu www.vg-tuck.com www.vijaygovindarajan.com (BLOG) Harvard Business Review Press May 2, 2012 It wis opuelrdf ewctalnyt l oa griiccahl mwahny’ sa pprooodru mctan 4/25/2012 4 Why would a richp rmodaunc wt?ant a poor man’s Ford $20,000 4/25/2012 5 Tata Nano $2,000 4/25/2012 6 4/25/2012 7 Cataract Surgery $30 Versus U.S. Cost $3,000 4/25/2012 8 N.H. Hospital 4/25/2012 9 Open Heart Surgery $2,000 versus U.S. Cost $50,000 4/25/2012 10 Dr. J 4/25/2012 11 4/25/2012 12 4/25/2012 13 4/25/2012 14 Artificial Leg $30 4/25/2012 15 Baby Mosha’s Artificial Leg $30 U.S. Average $20,000 4/25/2012 16 4/25/2012 17 In Emerging Markets tDroanns’tpW alahsnkatte ids tghloeb mala srtkreatt efogry ?my Ask Wuglsohinbagat lim sr eytsh goelu osrbtcraeals tc?eogmy pfoert ethnicsi ems aarnkde t vg@dartmouth.edu 4/25/2012 ...
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...Name: Vijay Srivastav Subject: Econ 202 Class: Summer 2016 Section: SF1 Instructor: Dr. William D. Hermann Date: 06/27/2016 I. 1. The United States and Mexico have sign NAFTA along with Canada in the year 1994, which allowed all the three-nation to demolish trade barriers among them. Mexico is a developing nation, a developing nation faces major challenges in the form of lack of infrastructure, lack of investment and lower living standards. Whereas, The USA, is a developed nation and always thrives over any investment opportunities. This disparity helped both nations to mutually benefit each other. The companies in the USA moved to Mexico in search of cheap labor, land and attractive government policies. On the other hand, Mexico benefited by trading farm product, dairy, and remittances from workforces. However, over the period of time, the factor of production which were in favor of the USA have depleted. The reason for this change is due to the emergence of other competitors such as India and China. Those products, services, and facilities which were generating revenue for Mexico are now challenged by the countries like China and India. The reason for this shift is due to comparatively higher wages, unrest in society, corruption in government, and underdeveloped infrastructure. This is further accelerated by phenomena of globalization which removed many trade barriers between east and west. 2. Consumer surplus is the amount a buyer is willing to pay for...
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...issues, there is no system of accountability to implement any changes to improve the lives of their staff. Anyone who disagrees with Vijay Kumar doesn’t voice their opinions or just leaves the company. By ignoring the issue of Vijay, they have created a dictatorship where one person controls all major decisions with little respect or tolerance of any outside opinions. Another component of the conflict arises from incompatible goals between Vijay and the rest of upper management. They are impressed with the figures of the Mumbai branch’s growth, but they also care about the well-being of their employees, whereas it is obvious Vijay only cares about the former. This misalignment of goals for the organization lead to the “ends justify the means” approach the Vijay is using with an iron grip. Because he cannot see past the shortcomings of his performance driven goals for the firm, they have begun to taint the name of the founder Leman. A third facet to the conflict lies in the fact that they need to develop better ways to communicate between branches. It is obvious that the employees are reporting that they are far from being happy in the workplace, yet everyone is reluctant to communicate with Vijay, even Stefan who is his equal in the firm. The lack of accountability ties in with the poor communication. When someone doesn’t perform well, or with Vijay who is acting like a tyrant, no one has bothered to communicate with said party about the grievances brought up against them so the...
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...STUDY OF THE SCENARIO OF INDIAN AVIATION INDUSTRY IN A SPAN OF FIVE YEARS AND THE RISE AND FALL OF KINGFISHER AIRLINES IN THOSE YEARS. Indian Aviation Industry It is one of the fastest Growing Aviation Market. There are approximately one billion people and 0.05% of them fly. More and more middle class families now prefer air transport than other traditional mode of transport. The Indian travel market has nearly tripled to $ 51 billion by 2011, from $16.3 billion in 2005-06. Origin of Indian civil aviation industry India occupies an eminent position in the civil aviation sector with a large fleet of aircrafts. Estimates show that the domestic and international passenger traffic in India is growing tremendously PEST ANALYSIS – AIRLINE INDUSTRY Political Factors India’s political environment – Tension with Pakistan, Government’s inability to control issues (riots etc) September 11 th - huge drop in air traffic due to safety and security concerns Trade relations with other countries have to be good Economic Factors Recession- airlines are considered as a luxury High operation costs due to low demand resulted in laying off employees Social Factors People from varied income groups have to be catered Destination, kinds of food served have to be chosen carefully Technological Factors Use of Internet- online ticket booking, updated flight information & handling of customer complaints restructuring the existing airports to world class appeal ...
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...On May 31, 2007, United Breweries Holdings Limited (UBH), the parent company of Kingfisher Airlines (Kingfisher), a 'value carrier'1 based in Bangalore, acquired a 26 percent stake in Deccan Aviation Private Limited (DAP), which owned Air Deccan (Deccan), the pioneer of low-cost airline in India, also based in Bangalore. UBH paid Rs. 5.5 billion2 to acquire the stake, which made it the largest shareholder in DAP.3UBH said that it would subsequently make an open offer to all the shareholders of DAP, for an additional 20 percent stake.4 Vijay Mallya (Mallya), the Chairman of UBH (and Kingfisher) who became the Vice-Chairman of Deccan after the acquisition (Ramki Sundaram became the CEO and Capt. G. R. Gopinath - formerly the Managing Director of Deccan - became the Executive Chairman of Deccan after the acquisition), said that the Kingfisher-Deccan combine would cover both low and premium fare segments. It was announced soon after the acquisition that Deccan would continue with its low-cost business model.5 The airline would also focus mostly on Tier II and III city routes, while Kingfisher would operate on the high density metro routes.6 The Kingfisher-Deccan combine became the largest domestic airline in India in terms of fleet size, with 71 aircraft.7 The combined entity offered 537 flights to 69 cities daily.8 In addition to this, the combined market share of Kingfisher-Deccan was estimated to be about 30 percent, positioning them in the second place after Jet Airways...
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...airline called Kingfisher was at stake when the company cancelled a number of its flights on a single day. The Chairman/owner Vijay Mallay of the company in a press conference addressed the media by lying to the employees, customers and the government that the cancellations were planned for a short period and did not anticipate the issue. One of the top officials blamed the cancellations due to sudden resignation of the pilots, which was also a lie as the company, had been facing financial crisis for some time and were not paying their employees. The airline industry was unable to pay employee salaries for some time which is unethical and lack of discipline. This attributed to resignations from the staff including pilots for some time and was not sudden as claimed by the company executives. Instead of addressing the harm caused by the situation and creating a sense of responsibility, the owners tried to blame it to other facts. A moral dimension is to address the harm, which creates a sense of responsibility to the decision maker. • Causes of the Issue Kingfisher airlines like any other airline industry were facing financial problems in 2011 due to global downturn as well as rise in fuel prices. Due to the high demand and attractive incentives like cheap leases in airplanes, lower fixed cost there were a number of new entrants into airlines business. Vijay Mallya also choose the...
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...SAHARA INDIA AND FORCE INDIA New Delhi: Sahara Group chairman Subrata Roy acquired a 42.5% stake in Force India, the Formula One team owned by liquor baron Vijay Mallya, for $100 million. Sahara Group’s Subrata Roy. By Abhijit Bhatlekar/Mint The sale of new shares to Roy will bring Mallya’s stake in Force India down to the same level—42.5%. Force India will be renamed Sahara Force India and Roy will take over as the chairman of the company, while Mallya will continue to be the principal and managing director of the team that is now ranked sixth in the constructor’s championship with 48 points. “No shareholders sold stakes and the entire $100 million will go to the team,” Mallya said. “This partnership will enable the team to invest in technology. There is no scope for any other stakeholder to come in, but we are open for sponsorships.” Mallya said he approached Roy and the deal was completed in record time. The decision to sell the stake will help Mallya, who owned 75% of Force India before Roy’s investment, infuse funds into the racing team as he struggles to turn around other companies controlled by him, including Kingfisher Airlines Ltd. The development comes weeks after Mallya said Kingfisher Airlines will exit the low-fare segment that will do away with the Kingfisher Red unit. The capital-starved Kingfisher Airlines, which hasn’t made a profit since its inception in 2005, had debt of Rs 7,057.08 crore as on 31 March. It posted a loss of Rs 1,027 crore on sales of...
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...airlines raised fares. Many of them contemplated switching their future travel programs to other airlines. Several others not directly affected by the sudden events wondered whether they would ever book flights with Kingfisher Airlines in the future. Owing to the furor these cancellations created, the Directorate General of Civil Aviation (DGCA) sought explanations from the Kingfisher management. To prevent the crisis from affecting the whole airline industry, the Minister of Civil Aviation had to step in to assure everyone that it was a crisis that would blow over, and even the Prime Minister was forced to make a statement that the government would look for ways to help the airline deal with its existing challenges. On November 15, 2011, Vijay Mallya, Chairman and Sanjay Aggarwal, Chief Executive Office of Kingfisher Airlines addressed a press conference at Mumbai’s Hyatt Regency to explain the sudden cancellation decisions of the airline. They attempted to clarify that the cancellations were the result of a well-planned initiative and part of a long-term restructuring process, although it might have come as a surprise to outsiders. The CEO suggested that they had initially planned to cancel flights for a short period of time so they did not feel the need to notify the DGCA, but when...
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...A REPORT ON ORGANISATION STUDY AND PAYROLL BY VAISHNAVI.M INDIAN INSTITUTE OF e-BUSINESS MANAGEMENT, (IIeBM) WAKAD, PUNE-57 MeBA- 2006-2008 A REPORT SUBMITTED ON PARTIAL FULFILLMENT OF THE REQUIREMENTS OF THE MASTERS IN e-BUSINESS ADMINISTRATION (MeBA) COURSE 1 2 3 TABLE OF CONTENTS S.NO DETAILS PAGE NUMBERS FROM TO 1 3 5 6 7 8 9 10 11 12 I. II. III. IV. V. VI. 1. Title page Certificates Table of contents Declaration Acknowledgement Synopsis Introduction 1 2 4 6 7 8 9 10 11 12 2. Objectives of the study 3. Terms of reference 4. Methodology 5. Part-I-History & Mission statement 5.1 History 5.2 Mission statement 13 14 20 13 19 20 6. Part-II-Organization study 6.1 Stores and Purchase department 6.2 Accounts and finance department 6.3 Maintenance department 21 24 27 28 23 26 27 28 4 S.NO DETAILS PAGE NUMBERS FROM 29 33 35 37 TO 32 34 36 43 6.4 Production department 6.5 Quality Control department 6.6 Commercial department 6.7 Personnel & Administration department 7. Part-III- Payroll administration 7.1 Employees 7.2 Employee remuneration 7.3 Employee cost budget 7.4 Fixed cost & variable cost 7.5 Labour cost 7.6 Payroll processing 44 45 46 54 61 61 62 44 45 53 60 61 61 63 8. Findings and inferences 9. Recommendations 10. Bibliography 64 67 69 66 68 70 5 DECLARATION I hereby declare that this project entitled “ORGANISATION STUDY AND PAYROLL” is the result of the original work done...
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...A nursing assistant wheels Margie Whitson back to her room at Golden Oaks Rehabilitation Center and helps her back into bed. Golden Oaks is located on the grounds of Marion General Hospital, owned and operated by the hospital board of directors. It has been a very difficult day. Margie takes a deep sigh as she leans back into bed and says, “I’ll get into night clothes in a few minutes if that’s alright. I’d just like to sit here and think for a little while.” The nursing assistant nods in agreement Margie has just attended the funeral of her son William, who died this week after several years of poor life quality in the same nursing facility. William’s first stroke happened 3 years prior; two more strokes followed, and he lingered in poor health at the center over the intervening time. Margie is now 95 years of age, and William was 73 when he passed this week. The last 5 years have simply been devastating for Margie. First her husband Earl passed on at the age of 88. They had been married for 68 years, most of them wonderful and successful years together, until the medical problems began. They had one other son, Jacob, who died in a motor vehicle accident in his 30s. As Margie sits in the quiet of her nursing home room, she faces the reality that she is utterly and completely alone in the world. She and Earl had hoped for grandchildren, but that never happened, and Margie’s family is simply all gone now. Margie’s own health is poor. A hip fracture 10 years ago...
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...Have you ever wondered why companies like Bacardi and Royal stag entered the field of music CDs and are advertising it so rampantly? Or why Kingfisher got into mineral water? Why Haywards 5000 soda and its ‘Honsla anthem’ are so popularized, where as its originally a liquor brand? The makers of these brands have either been banned from advertising their original products or their marketing activities were restricted by the norms and regulations of the countries in which they advertized. These are all cases of surrogate marketing. Surrogate marketing can be defined as an intentional utilization of a company, person or object to help convey the message of another party. The term needn’t always have negative connotations as quoted in the examples above. It can have positive connotations as well. It can be considered somewhat similar to grass-root or viral marketing in which a marketing firm or the marketing wing of a firm recruits people to spread the message. Positive surrogate marketing can also refer to employing a representative to the manufacturer who will sell your product. However, like in everything else, the darker side of surrogate marketing has always been more talked about and become a trend than the positive side. Surrogate marketing has been popularly used as a means of promoting products and services that are considered unhealthy, unethical, illegal or immoral by some groups in particular or by the society at large, in a way that it becomes acceptable to the society...
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...into the system. The hospital administrators need to monitor the employee’s direct collation to the data they are inputting into the system is in fact correct. Possibly the lack of communication resulting from the hospital administrators is an acknowledgement that the employees know of the importance of the correct data input, when in fact they are not aware of the importance and how much the organization is reliant on the information for funding and reporting. One of the biggest issues facing employee and employer relationships is the lack of communication. According to Joseph (2013), “failure to communicate effectively often leads to conflict, which can harm an organization.” If the problem is not correct by the hospital administrators, Vijay Singh may need to go the individual hospitals and have meetings directly with the individuals inputting the information. This is a means of stressing the importance and also for him to know who exactly maybe causing this issue. The information I would have to need to analyze for the organization would be the reports themselves. What information specifically is being entered incorrectly? Possibly the issue is stemming from a computer glitch in the system. The system could be missing an area where it needs to be filled in or there is a need for an update to the system...
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...Vijay Mallya dominates India’s drinks market, owns the Royal Challengers Bangalore cricket team of the Indian Premier League and a Formula One team Vijay Mallya, his diamond ear studs gleaming, is in high spirits, ensconced in a leather chair in the small office of his private jet, winging its way towards Mumbai after a 34-hour whirlwind visit to New Zealand. The Airbus is liveried in the bright red of his Kingfisher Airlines, with his initials, “VJM”, painted in gold on the engines and wingtips, embossed on the leather seats and decorating the China dinnerware. The plane’s cargo hold is filled with typical New Zealand tourist takeaways: cases of Pinot Noir and lamb chops. More ON THIS STORY Chinese tipple heads west Lex Drinks companies Scotch sales leave champagne flat The public image Guinness Diageo, Pernod deny smuggling But it is the aircraft’s main passenger cabin – a thickly carpeted, faux living room with a bevelled-glass drinks cabinet, a small photo of Mr Mallya’s three children and paintings of Hindu deities by 19th-century Indian artist Raja Ravi Varma – that carries the real prize of Mr Mallya’s trip. Two bright red, padlocked temperature-controlled hampers hold three bottles of “Mackinlay’s Rare Old Highland Whisky”, abandoned in Antarctica more than a century ago by the British explorer Sir Ernest Shackleton. The Antarctic Heritage Trust, the body charged with preserving the legacy of early polar explorers, discovered abandoned spirits frozen in the...
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...The financial agonies for Kingfisher Airlines (KFA) are seeming to become insurmountable. After being forced to massively scale down its operations and ground more than half of its fleet in the month of Feb 2012 when the IT-Dept froze its bank accounts over non-payment of tax dues, the estranged airliner has now cancelled all of its international operations and has the aviation regulator (DGCA) as well as the govt. breathing down its throat questioning the company’s ability to come up with a credible plan and revive the failing fortunes. The cash-strapped airlines may need Rs 3000-4000 crore to get itself back on its feet. The airline is burning cash at a rapid rate and it is no wonder that they are asking banks for additional working capital. Approximately 23% of the company is now owned by the banks that are already on the hook for approximately Rs 5,000 to Rs 6,000 crore of debt. They haven’t been paying their creditors for quite some time now. In the absence of additional capital coming into the company, Kingfisher has had no choice but to cut down on the operations, which is not a good sign because if you cut down on operations it will only cause further problems – they need to be in operation to repay their liabilities. All this is further putting pressure indirectly on the creditors to restructure the terms. So dire are Kingfisher’s circumstances that it recently bounced a $3m cheque to the Airports Authority of India, to which it owes around $40m in fees. Recently...
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...17-10-2015 ORGANIZATIONAL BEHAVIOUR-II Session:2 KINGFISHER AIRLINES MANAGING MULTIPLE STAKEHOLDERS Anisha Goyal 19/246 B Abhishek Sharma 19/249 Madhu Garg 19/267 Sudhina Abraham 19/289 Varsha Murali 19/296 Vinita Chauhan 19/298 1. To what extent can the problems of Kingfisher Airlines be attributed to management of its stakeholders? All the critical problems faced by Kingfisher airlines can be traced back to mismanagement of stakeholders and their interest: CUSTOMERS • Removal of entertainment center from flights which was Kingfisher airlines unique selling point SUPPLIERS • Defaulted on supplier payments EMPLOYEES • No salary for three months SOCIETY • Started cannibalizing components and parts from the grounded aircraft which was a safety concern OWNERS/INVESTORS • The decision to merge Kingfisher and Air Deccan was a mistake. Kingfisher airlines and Kingfisher Red offered similar services without leveraging the benefits of full service or low costs. These bad strategic decisions eventually led to default of loan repayments. Owing to the same reasons shareholders also lost their money 1 17-10-2015 2. Which of the stakeholders were engaged more than others, whose interests seemed to be guarded and whose ignored? • • • • The company focused only on the costumers by providing high quality services and kept neglecting other stakeholders, which eventually led to bankruptcy. Things like high-end flight furniture, TV...
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