"I’m not uncertain." This frequently used statement on Wall Street is used by traders to indicate a sure shot profitable bet on a financial asset trade. They never say “I’m certain” as that would indicate zero risk – and there is no such thing as a riskless investment. Even instruments backed by governments can result in a loss, as seen by the negative yields on sovereign bonds.
Recently, a friend recounted an experience he had. On a recent visit to Tamil Nadu, their travelling group was mulcted by policemen for carrying liquor in their car. I am not sure if it is illegal to carry a sealed bottle of liquor in one’s vehicle for one’s private consumption.
Opportunities most often come disguised as problems. Many of us are so caught up staring at the problem that we allow ‘opportunities’ to slip away.
“Here comes yet another bunch of them”, thought the creatures of IIM Lucknow when they saw a new bunch of people getting into the Gates of HelL. A cursory glance at these hapless folks and one could sense the utter “as usual-ness” of these anxious yet happy faces. But every once in a while, there come the exceptions to the rule, the ones who are less “as usual” than the others. Such is the batch of PGP 2016-18. “Yeah, so claims every random facchha that enters these gates” may be one of those things that may come to the mind of a seasoned HelLite upon seeing these seemingly myopic, run-of-the mill pompous claims. So let us give this batch a closer look.
Tata Steel, one of the largest employers of blue collar workers in the country, has successfully maintained cordial and productive relationships with its workforce through effective Industrial Relations management for more than a century. This is largely attributed to the Management’s concern for its employees and the pre-emptive yet symbiotic attitude of the labour unions. In Jamshedji Tata’s own words, “We do not claim to be more unselfish, more philanthropic than other people. But we believe in sound and generous business principles and regard the health and the welfare of our employees as a sure foundation of our prosperity". Throughout the history of the organisation, the industrial relations setup in Tata Steel has set many labour standards and precedents. The structure, dynamics and orientation of IR in Tata Steel has witnessed drastic changes over the years and the same will be covered in the following sections. Also, in spite of measures such as wages regulation, participatory decision making, etc., the relationship between company and labour has not been without discord and drama.
“MBA changed my life, and at the end of two years, it’ll change yours too.” Such is the impact of a management degree from an IIM in the words of Mr. S. Padmanabhan, Executive Chairman, Tata Business Excellence Group. Mr. Padmanabhan was the Chief Guest at the Inauguration Function of the fifth batch of IIM Indore, Mumbai Campus. The occasion witnessed the selected students and their proud parents from various parts of the country. The students will soon embark on a two year journey in the institute.
To gain competitive advantage over Uber, Lyft decided to identify the pain points of its drivers and issues impeding its growth and resolved to either reduce them if not eliminate them. The pain points/issues identified were:
Introduction
"I’m not uncertain." This frequently used statement on Wall Street is used by traders to indicate a sure shot profitable bet on a financial asset trade. They never say “I’m certain” as that would indicate zero risk – and there is no such thing as a riskless investment. Even instruments backed by governments can result in a loss, as seen by the negative yields on sovereign bonds.
Recently, a friend recounted an experience he had. On a recent visit to Tamil Nadu, their travelling group was mulcted by policemen for carrying liquor in their car. I am not sure if it is illegal to carry a sealed bottle of liquor in one’s vehicle for one’s private consumption.
Opportunities most often come disguised as problems. Many of us are so caught up staring at the problem that we allow ‘opportunities’ to slip away.
“Here comes yet another bunch of them”, thought the creatures of IIM Lucknow when they saw a new bunch of people getting into the Gates of HelL. A cursory glance at these hapless folks and one could sense the utter “as usual-ness” of these anxious yet happy faces. But every once in a while, there come the exceptions to the rule, the ones who are less “as usual” than the others. Such is the batch of PGP 2016-18. “Yeah, so claims every random facchha that enters these gates” may be one of those things that may come to the mind of a seasoned HelLite upon seeing these seemingly myopic, run-of-the mill pompous claims. So let us give this batch a closer look.
Tata Steel, one of the largest employers of blue collar workers in the country, has successfully maintained cordial and productive relationships with its workforce through effective Industrial Relations management for more than a century. This is largely attributed to the Management’s concern for its employees and the pre-emptive yet symbiotic attitude of the labour unions. In Jamshedji Tata’s own words, “We do not claim to be more unselfish, more philanthropic than other people. But we believe in sound and generous business principles and regard the health and the welfare of our employees as a sure foundation of our prosperity". Throughout the history of the organisation, the industrial relations setup in Tata Steel has set many labour standards and precedents. The structure, dynamics and orientation of IR in Tata Steel has witnessed drastic changes over the years and the same will be covered in the following sections. Also, in spite of measures such as wages regulation, participatory decision making, etc., the relationship between company and labour has not been without discord and drama.
“MBA changed my life, and at the end of two years, it’ll change yours too.” Such is the impact of a management degree from an IIM in the words of Mr. S. Padmanabhan, Executive Chairman, Tata Business Excellence Group. Mr. Padmanabhan was the Chief Guest at the Inauguration Function of the fifth batch of IIM Indore, Mumbai Campus. The occasion witnessed the selected students and their proud parents from various parts of the country. The students will soon embark on a two year journey in the institute.
To gain competitive advantage over Uber, Lyft decided to identify the pain points of its drivers and issues impeding its growth and resolved to either reduce them if not eliminate them. The pain points/issues identified were:
Introduction
