ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
ASIAN SCHOOL OF
BUSINESS MANAGEMENT
The National Management Convention on the theme –
‘Business Excellence: Forget Resolution, Think Revolution’ was organised by
Asian School of Business Management, Bhubaneswar from 5th – 7th February 2015.
The convention was inaugurated by the Chief Guest Shri Shri Jual Oram, Hon’ble Union Cabinet Minister, Tribal Affairs, Govt. of India by lighting the ‘lamp of wisdom’ who congratulated Dr. Pattanayak for steering ASBM as a premium management institute only rivalled by XIM Bhubaneswar, and has achieved A++ rating by Business India, in its B-School Survey, 2014 and opined that “organisations that portray business excellence are those which sustain innovation led productivity”. Prof. (Dr.) Biswajeet Pattanayak, Chairman NamCon’15 and Director ASBM delivered the welcome address and introduced the theme. He asserted that “ excellence is not an accident but a never ending journey and the value that is created for stakeholders is a prime parameter of business excellence” He further quoted Peter Drucker by saying that “every organisation must question its existence and must create the ability to constantly renew itself.”
The convention was inaugurated by the Chief Guest Shri Shri Jual Oram, Hon’ble Union Cabinet Minister, Tribal Affairs, Govt. of India by lighting the ‘lamp of wisdom’ who congratulated Dr. Pattanayak for steering ASBM as a premium management institute only rivalled by XIM Bhubaneswar, and has achieved A++ rating by Business India, in its B-School Survey, 2014 and opined that “organisations that portray business excellence are those which sustain innovation led productivity”. Prof. (Dr.) Biswajeet Pattanayak, Chairman NamCon’15 and Director ASBM delivered the welcome address and introduced the theme. He asserted that “ excellence is not an accident but a never ending journey and the value that is created for stakeholders is a prime parameter of business excellence” He further quoted Peter Drucker by saying that “every organisation must question its existence and must create the ability to constantly renew itself.”
FINANCE
Japan's
Suzuki group will invest up to Rs 8,500 crore in setting up a manufacturing
facility in Hansalpur to supply cars
to its Indian arm Maruti Suzuki India. The foundation stone of the
facility, which will have a total capacity of 7.5 lakh unit annually, was laid
by the state Chief Minister Anandiben Patel on
Wednesday. The first line of the plant will be operational by May 2017.
"There
will be three assembly lines at the facility and the first one will start
production by 2017. The investments will be done by Suzuki and it will be
around Rs 8,000 crore to Rs 8,500 crore," Maruti Suzuki Chairman RC
Bhargava told reporters.
INSURANCE
The Department
of Post is mulling selling insurance products of other companies,
especially in rural areas, besides selling its own policies.
In a
meeting chaired by Prime Minister Narendra Modi last month on the findings of a
Task Force on India Post, DoP conveyed its
intentions to enter the insurance space targeting rural India, sources said. The
proposed Post
India Insurance will start with an initial capital of Rs 100 crore that
will be made available by DoP, they added.
"DoP
debated that the insurance penetration in rural India is minimal and a new
vehicle needed. Besides, the department has decades of experience in this field
and it can seamlessly adapt to new operations," a source said.
Besides
selling its own insurance products, it can also undertake the business of
selling policies of other insurance players as commercial agents, sources said.
DoP
already offers insurance policy (Postal Life Insurance) to government and
semi-government employees.
According
to the Task Force, in rural areas there is a need for various types of
insurances like crop insurance, accident cover, insurance of agricultural
equipment, etc.
"Since
India Post
is operating in the insurance sector for well over a century, there is no
reason why it should not be allowed to extend the spectrum of its insurance
services to these areas through agency agreements or a broker's licence,"
it added.
At
present, DoP offers personal life and endowment insurance policies under both,
Postal Life Insurance (PLI) and Rural Post Life Insurance (RPLI).
MARKETING
South
Korea's Samsung Electronics Co Ltd said on Tuesday it has appointed a new
smartphone marketing chief, less than a month before the expected unveiling of
its next flagship Galaxy S handset.
Lee
Sang-chul, formerly head of the company's Russian operations, has been tapped
as head of strategic marketing for the mobile business, a Samsung spokeswoman said.
His
predecessor, Kim Seok-pil, stepped down from the role. A person familiar with
the matter said Kim's decision was due to health reasons and was unrelated to
performance. The executive is expected to return to work at a later time, the
person said.
Lee, who
also has worked as head of Samsung's Latin American operations, will be charged
with overseeing the launch of the new Galaxy S device. The smartphone's success
will be critical for Samsung, which saw mobile earnings slide 64 percent from a
year earlier in October-December en route to a first annual profit decline in
three years.
Analysts
said Samsung cannot afford another premium smartphone flop after relatively
poor sales of current flagship Galaxy S5 (Review
| Pictures).
Recent research shows rival Apple
Inc may have overtaken Samsung as the world's top smartphone maker in the
fourth quarter.
The South
Korean company has sent out invitations for a March 1 event in Barcelona -
ahead of the Mobile World Congress
trade show - where its next Galaxy S smartphone is widely expected to unveiled.
________________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on Feb 2 , 2015
We
welcome your suggestions in improving this information updating service.
Knowledge
Is Power. Be Informed, Be Knowledgeable, Be Powerful.
Best wishes
Compilation
Sabita
Sahu
Junior
Librarian
Concept,
Layout and Editing
Syamaghana
Mohanty
Chief
Librarian
Information
and Documentation Divison, Chanakya Central Library
Asian
School of Business Management
Shiksha
Vihar Bhola,
Barang
Khurda Road, Chandaka
Bhubaneswar-754012
www.asbm.ac.in
Tel:
0674-2374832, 2374833
E-mail:
library@asbm.ac.in, chieflibrarian@asbm.ac.in
Sabita Sahu :Junior Librarian Knowledge and Information Services Unit, Chanakya Central Library, Asian School of Business Management, Bhubaneswar. library@asbm.ac.in ; www.asbm.ac.in
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