Western companies have tended to see China as the world’s largest factory - IIPM News

Misconception 1: The primary aim of Chinese workers is to work hard and get rich. The surveyors found that the number of respondents who adopted a capitalistic view to work and life (“work hard and get rich”) dropped significantly between 1994 and 2004, by 15 percentage points. Rather, what has grown in lockstep with the country’s economic surge and its rising standard of living has been the proportion of people saying that their personal goals are self-satisfaction and self-expression. Self-satisfaction is now the number one motivator in the big cities of Beijing, Guangzhou and Shanghai; it is the principal objective among the young. It has also become the predominant aspiration among the most affluent…

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Source :- IIPM Editorial, 2006

Plan to increase interest rates

IIPM Press Release
Even though ECB (European Central Bank) declared in late November 2005 that they plan to increase interest rates that had been kept static for almost 29 months, the fact is that the increasing cost of compliance in Europe, which is due to ambiguity arising from adherence to both intra and inter regional level norms, is acting as an impediment in the proposed integration of European financial markets, especially the banking segment. For example, in UK alone, the cost of compliance for bankers has gone up by over 50% since 2001, due to additional requirements institutionalized by the UK’s Financial Services Authority (The Banker, 2005)….

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Source :- IIPM Editorial, 2006

IIPM Business & Economy

The plan of action will be to include diverse anti-poaching activities and more importantly the maintenance of a monitoring system for tracking and responding to Ebola outbreaks. Consequently, there will be an increase in educating the locals about the necessity of nurturing the ecosystem.Fortunately thus, the sun still shines bright over luscious Africa, and one hopes it isn’t too bleak after all in the ‘Heart of Darkness’.

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Source :- IIPM Editorial, 2006

GO OUTSIDE TO MAKE YOUR BUSINESS BETTER : IIPM

Don’t just volunteer in the community; learn from it. Companies that rely solely on employee volunteer programs as a way of engaging community members oft en miss opportunities to understand their markets and avoid strategic mistakes….

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Source :- IIPM Editorial, 2006

It’s the time to Cisco

For instance, the Indian telecom sector, which is expected to grow to $24.3 billion by 2006 from what was a nascent $13.7 billion in 2001 (Frost & Sullivan) still has not been exploited thoroughly by Cisco. And logically, now is the time for Chambers to foray into telecom equipment manufacturing, beyond its regular line of routers,switches and VoIP enabled phones. It seems to be truly a time to Cisco...

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Source :- IIPM Editorial, 2006