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    CMAeMagBI-MONTHLY MAGAZINE OF CHANDIGARH MANAGEMENT ASSOCIATION

    January 2010Issue 1

    CIISCONTINENTAL INSTITUTE

    FOR INTERNATIONAL STUDIESChandigarh

    Group of Colleges

    CGC

    Chandigarh Group of Colleges COLLEGE

    ITFT

    ITFT COLLEGCHANDIGAR

    15 Years of Excelle

    Education with EmploymARYANS BUSINESS SCHOOL

    Our Sponsors

    Looking

    Aheadin 2010

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    CMAeMagContents

    Page No.

    1

    2-3

    4-5

    6-7

    8-9

    10-11

    12

    13-14

    15-16

    17-18

    19-21

    Subject

    Foreword

    Genesis of Global Warming & the Copenhagen Accord

    Bollywood : most promising and potential investment destination for NRIs

    Issue of Sustainable design

    Perceived parameters of ethical behavior

    Tata Group and CSR

    Relating Modern Management with Bhagavad-Gita

    2009 Events

    Tourism for economic growth of the region

    Branding isn't just for big business

    Stark Reality A View Point*

    S.No.

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    11

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    CMAeMagForeword

    Col Karamjeet Singh

    President-CMA

    At the outset, I wish you all a very Happy New Year. A serious threat of global warming

    has invited the concern of all global citizens in 2009 that has posed a challenge to the

    human race for its own very existence. Emission of green house gases & their dire

    consequences have locked horns with the industrialisation & hence growth of

    developing & underdeveloped economies.

    As you are aware, the recently concluded Copenhagen Accord, though, not binding

    legally, has yet demonstrated that world's serious concern. As said by our Environment

    Minister, Mr. Jairam Ramesh The Accord recognizes the need to limit the globaltemperature rise by 2050 to below 2 degrees Celsius above pre-industrialised levels.

    Developed countries are resorting to arm twisting of developing countries to cut CO2

    emission, meaning there by reducing the usage of fossil fuels - a cheaper alternative

    energy sources. The substantial goal India agreed to, at Copenhagen was to reduce the

    carbon emission by 20 to 25 per cent by 2020. However, not standing the political

    hobnobbing over the issue, global warming, if not checked in time, is bound to affect a

    catastrophe. It is a concern for all & the citizens have equal responsibility to contribute

    their bit to mitigate the global warming.

    CMA has taken some small steps to reduce the carbon footprints through circulating

    notices, newsletters etc by electronic media & shedding use of papers, manufactured

    out of wood. This is a humble way; we all may imbibe for the cause.

    CMA's eMag, that we are launching this year, is a sequel to our baby steps in this

    endeavour. I am sure; we will find eMag a useful cost effective instrument. This is

    intended to be a bi-monthly affair & I humbly request all to contribute generously by

    writing articles & other interesting/educative scripts including anecdotes. We also

    invite suggestions to improve the eMag.

    May God bless all!!

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    CMAeMagGenesis of Global

    Warming & the Copenhagen Accord

    Tags : Global Warming, CO2 emission, greenhouse, Renewable, Energy, Kyoto Protocol, Copenhagen Accord

    One of the most interesting global questions even today is whether the climate is

    changing and, if it really is, whether the reasons are man-made (anthropogenic) or

    natural - or maybe even both. Today, fossil fuels are the cheapest sources of energy

    available for the use of both personal as well as commercial purposes. All industrial and

    economic growth, the phase in which the developing countries are into, requires an

    abundance of energy supply. Anything that restrains energy supplies reduces economic

    activity.

    J.N.Vohra

    B.Text, M.Tech, F.I.E, C. Eng. (I), M.I.M.A

    Co-ordinator

    Northern India Textile Mills, Association

    The hypothesis of man-made global warming has existed since the 1880s. It was an

    obscure scientific hypothesis that burning fossil fuels would increase CO2 in the air to

    enhance the greenhouse effect and thus cause global warming.

    The average temperature of the earth had arisen about 1F over the past 100 years.

    Since very little greenhouse gas emissions took place before 1940, the global

    temperature rise for that period was explained due to natural causes such as Ocean

    circulation changes, volcanic eruptions, solar irradiance changes, rather than build up of

    CO2.

    The Genesis

    Lady Thatcher belonging to the Conservative Party of UK had initiated the global

    warming issue. The hypothesis extended was that the Coal-fired power stations emit

    CO2 but nuclear power stations don't. And CO2 along with other greenhouse gases arethe cause of global warming. Global warming provided an excuse for reducing the UK's

    dependence on coal by replacing it with nuclear power. So, early in her global warming

    campaign - and at her personal initiation - the UK's Hadley Centre for Climate Prediction

    and Research was established to carry on climate-related research.

    One of the most interesting global questions even today is whether the climate is

    changing and, if it really is, whether the reasons are man-made (anthropogenic) or

    natural - or maybe even both.

    The United Nations appointed Intergovernmental Panel on Climate Change (IPCC) and it

    warned that the climate is rapidly warming and that the reason for this is mostly the

    increased amount of carbon dioxide (CO ) in the atmosphere and that this is an example2

    of an "anthropogenic" effect. Former US Vice President Al Gore, known for advocating

    global warming, said that climate change is due to CO2 emmission and that the "science

    is settled"

    The Scare

    The world's output of carbon dioxide (CO2) - which

    accounts for 75 percent of all greenhouse gases - is set

    to increase by 55 percent by 2030. If the release of the

    carbon dioxide is not checked, the earth would become

    much warmer than usual causing changes in rainfall

    patterns, melting of the glaciers making the sea level

    Coal Fired Power Station emitting CO2

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    CMAeMag

    growth, the phase in which the developing countries arerise. Droughts and floods will occur more frequently in

    into, requires an abundance of energy supply. Anythingmany inland areas that have extreme weather condition

    that restrains energy supplies reduces economic activity.which will badly affect the pattern and growth of

    Developing nations cannot afford technologicalagriculture. In short, earth will not be the same as it is

    advances until they are supported by the advancedtoday.

    countries, who on the first instance were the culprits toIn 1987, the Brundtland Report, also known as 'Our

    make their economic advances by burning the fossil fuelsCommon Future', alerted the world to the urgency of

    ever since the industrial revolution.making progress toward economic development that

    The Copenhagen accord

    With that background, on the optimistic side, the

    Copenhagen Accord, for the first time, unites the US,

    China and other major developing countries in an effort

    to curb global greenhouse gas emissions. The Kyoto

    Protocol did not achieve this - it imposed no obligations

    on developing countries to restrain the growth of their

    emissions, and the US never acceded to it. The

    Copenhagen accord also says developed countries will

    aim to mobilise $100bn per year by 2020, to address thecould be sustained without depleting natural resources

    needs of developing countries.or harming the environment.

    The Copenhagen accord recognize the crucial role ofThe Framework Convention on Climate Change (1992)

    reducing emission from deforestation and forestand the Kyoto Protocol (1997) represent the first steps

    degradation and the need to enhance removals oftaken by the international community to protect the

    greenhouse gas emission by forests and agree on theEarth's climate from dangerous man-made interference.

    need to provide positive incentives to such actions

    through the immediate establishment of a mechanismThe Paradox

    including from deforestation and forest degradationGlobal warming proponents call for reduced CO2

    (REDD-plus), to enable the mobilization of financialemissions and call for cuts in the use of energy, but the

    resources from developed countries.

    energy industries have done more to benefit mankind However, the summit did not result in a legally bindingthan anything else since the invention of agriculture.

    deal or any promise to reach one in future. The accordThey advocate use of 'renewable' for energy supply such

    appeals to countries to curb greenhouse gas emissions,as solar, wind, biomass to replace fossil fuels. The irony is

    but these will not be legally binding commitments. Athat this is almost a call to return to pre-industrial society:

    commitment "to reduce global emissions so as to holdsince earlier fossil fuel-coal replaced biomass and wind

    the increase in global temperature below 2C" and topower (used in pre-industrial society) to fuel the

    achieve "the peaking of global and national emissionsIndustrial Revolution.

    as soon as possible" Furthermore, there is no globalToday, fossil fuels are the cheapest sources of energy

    target for emissions reductions by 2050 and the accordavailable for the use of both personal as well as

    is unclear as to how its goals - such as the $100bn of

    commercial purposes. All industrial and economic funds annually will be mobilised.

    Melting of the Glaciers due to Global warming

    Coming together is a beginning. Keeping together is progress. Working together is success.The nice thing about teamwork is that you always have others on your side

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    Bollywoodmost promising and potentialinvestment destination for NRIs

    Dr. Gulsha Sharma

    Secretary General- IPCSI

    Director ITFT College-Chandigarh

    Ph.D (Service Industry) ACTE (WTO) Spain, WT (USA)

    Tags : Bollywood. NRI, Diaspora, Hindi Fi lm, Cinema television, media, entertainment, industry

    Bollywood seems to be even more promising than 2009, the year that was. Looks like

    the biggies of the industry had saved their spectacular slices for the New Year! That's my

    belief without apologies! Well, to say there is plentiful scope in the future and in present

    times for NRIs to invest in Bollywood. However, it is not as rosy as it sounds, there can be

    some cache impediments

    India has emerged as one of the most promising and potential investment destinations

    for NRIs and our Diaspora is taking a fresh look at putting in their finance. However, it's

    more than just a business alliance for Indian Diaspora across seven seas; it's likededicating tribute to the country where their heart resides and their origin had been!

    NRI investments in India are on a rise and swelling continuously. Mainly, owing to the

    fact that Indian economy is surging constantly. The pace is mushrooming, despite

    economic slumps and risks here and there. Besides, there are several government and

    other prominent entities, making all out efforts to harness NRI investments and channel

    the same in the best possible way. NRIs are aspiring to invest their money into numerous

    avenues in India, which they can think of!

    Bollywood; beckons NRIs

    One such core opportunity is our fast developing Indian media and entertainment

    industry. As per some recent statistics, India proudly boasts her 200 television networks

    and 97% radio coverage. The country is also best known for circulating around forty nine

    thousands newspapers and magazines and producing more than a thousand majormotion pictures yearly! No doubt, Indian media and entertainment industry has

    evolved as a hot spot scope for NRI investors.

    Many economists, consulting firms and political pundits have predicted that Indian

    economy will become the most upscale economies of the world by 2050? Well, such

    updates trigger those right investment sentiments and also bring along a happy sigh!

    India's rapidly increasing economy together with Hindi fi lm industry, also

    affectionately known as Bollywood, has attained up surging stature and beckons NRIs

    The industry provides considerable amount

    of investment scope for NRIs. Bollywood is

    bigger and better than its counterparts on

    the other side of the Atlantic! According to

    some latest findings, Indian Bollywood is awhopping Rs 22,500 Crore industry that

    fetches it the tag of being the biggest and

    the grandest in the world.

    There are no two opinions about the fact

    that Bollywood is a vibrant industry.

    Bollywood seems to be even more promising than 2009, the year that was. Looks like

    the biggies of the industry had saved their spectacular slices for the New Year! That's my

    belief without apologies! Some other forthcoming Bollywood flicks that are lined up to

    make a mark are Pyaar Impossible, Chance pe Dance, RannVeer, Ishqiya, Raajneeti,

    House-full and many more. Let's wait and witness which Bollywood movies can grab us

    by lapels and wake us up. But, for that to happen we got to hold our fervor membrane

    for a while until we finally know what lies beneath Bollywood this year! Nonetheless, we

    also admit that Indian Cinema still needs to grow more!

    CMAeMag

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    CMAeMag

    Be 'CINEMATICALLY' right

    Well, we like to say there is plentiful scope in the future and in present times for NRIs to invest in Bollywood. On this, we

    certainly can't sidestep the mention of some eminent NRI personalities who already have put in their money in Indian

    cinema and made some milestone films as well. Among the notable names that we can't zip past are Param Gill from

    California (Rockin' Meera), Gurinder Chadha (Bend it like Beckham), Kiran Merchant (Quaterlife Crisis), and Meera Nair

    (Namesake).

    Needless to say, Indian cinema world gives a wide range of options and

    opportunities for NRI investors wherein costs are a fraction of what Hollywood

    demands. Whereas, there isn't any dearth of opportunities for NRI investors in

    India, however, it is not as rosy as it sounds. There can be some cache impediments

    which might dilute the zeal to invest. Nonetheless, if you know the right ways to

    invest and how to go about managing affairs, and in such a scenario, it's all about

    being 'CINEMATICALLY' right and carrying your intelligence on your shoulders

    always!

    TEAM WORKTeamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments, toward

    organizational objectives, is the fuel that allows common people to attain uncommon results.

    Every member in a Team, has times when they need support ...

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    Issue of

    Sustainable design

    Dr. Prabhdip BrarAssistant ProfessorPanjab University, Chandigarh.

    Tags : Sustainable Design, Green Design Concept, Cleaner Environment, design culture

    A sustainable future will depend on people becoming involved in conserving and using

    resources efficiently. To begin with we can follow the three R's i.e.; reduction, reuse and

    recovery and help others to understand the potential problems of waste and the

    alternative options to simply throwing things away. This cradle-to-cradle approach,

    known as green or sustainable thinking considers a total economic and

    environmental impact and performance towards building of reuse or disposal.

    An end to the effluent society will lead to a more affluent society: Norman Myers.

    Genesis is ongoing. As human beings, we continuously create things that help form the

    basis of the world as we know it. When we create these new things tools, organizations,

    processes, symbols and systems we engage in design.

    To come up with an idea, and to give form, structure and function to that idea, is at the

    core of design as a human activity. Design is such a natural human ability that almost

    everyone is designing most of the time whether they are conscious of it, or not.

    Framing our understanding in this way, we do use the concept of design to define, and

    promote, a new philosophical tradition; a new culture of inquiry and action. This

    designedly approach applies to an infinite variety of design domains; including those

    fields that are traditionally thought of when we consider design, such as architectural or

    interior design, industrial design, engineering design, graphic design, urban design,

    information systems design, software design, fashion design and other forms of physical

    design.

    Leadership: essential for design culture

    But our definition also allows us to encompass other design areas, such as

    organizational design, social systems design, educational systems design, work place

    design and healthcare design. Such a design approach can even be applied to significant

    social institutions such as governments, including the design of democratic

    constitutions. The process of design is always the most effective and efficient means of

    getting organizations and individuals to new places. Design is therefore about

    leadership and leadership is therefore an essential element of any design culture. These

    demands require leaders to imagine and implement adequate responses that are

    sustainable in all their implications.

    Opinions polls suggest that the majority of people would prefer to live more sustain

    ably, but do not have the skills, time or resources to make the changes on their own.

    Some scientists now believe that it is possible to have economic growth while reducing

    waste at the same time. They use the term sustainable development to describe this. It

    means that we have to think carefully about how we use resources today, so that we do

    not use them all up or harm the environment for future generations. Those who believe

    in sustainable development tell us that this is only possible if we all make changes now in

    the way we live.

    Green Design Concept

    A sustainable future will depend on people becoming involved in conserving and using

    resources efficiently. To begin with we can follow the three R's i.e.; reduction, reuse and

    recovery and help others to understand the potential problems of waste and the

    alternative options to simply throwing things away.

    CMAeMag

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    Increases in pollution stimulate the development of from it was an inevitable and important part of the

    better, cleaner technology, and new methods of cleaning project. It was important to realize that one person's

    up the mess. Science and technology possess enormous waste might be another

    potential to assist in caring for the Earth, but they must be pe r son 's r e sour ce . The

    employed in a careful, balanced and responsible way. The challenge was not to work out

    technical fix approach is neither balanced nor what everyone else should be

    sustainable. doing. We developed a shared

    A small project which I initiated with the final year Final vision of how we can moveyear students of Fashion Design at NIIFT, Mohali talks towards a more sustainable

    about sustainable design. The environmental strand of future and commit ourselves

    this module Best out of the waste introspect the impact to immediate, sustained action

    human development is having on the planet and how this for a cleaner, greener world.

    could affect our future. At the dawn of a new millennium, Examples of students work:

    we are consuming more energy and producing more a) A chair made by welding of

    waste than ever before. What are the effects of our bi-cycle wheels brought from a Kabari dealer.

    consumer behavior on the natural world and how long it b) Magazine pull outs sewn together to take the form of a

    will last? Is still a question of debate? This module asks waist jacket.

    and answers various questions like what we as individuals No matter what governments and industries do, a

    can do to help. sustainable future will depend on people like you and me

    Cradle-to-cradle approach making our own decisions. The industry's growing

    Till now we had seen waste as sustainability ethic is based on the principles of resource

    a growing problem. In this efficiency, health, and productivity. Realization of these

    module we considered waste principles involves an integrated, multi disciplinary

    as a resource for design ideas approach one in which a project and its components

    and aesthetical objects. could be viewed on a full life-cycle basis. This cradle-to-

    Recycling and reuse helps cradle approach, known as green or sustainable

    reducing waste problems and thinking considers a total economic and environmental

    students tried to add a new impact and performance towards building of reuse or

    dimension to the waste by disposal. Ultimately, adoption of sustainable thought will

    creatively using it in their lead to a shift in the industry, with sustainability

    innovations. Most of the thoroughly embedded in its practice, products,

    products created during this standards, codes, and regulations.

    module revolve around the concept of innovation You may decide that technology will solve our waste

    through re-purposing unconventional material to make problems, or maybe, like many environmentalists, you

    simple everyday objects. It was a fun experience for the think we have already done too much damage. With so

    students picking up waste and junk and then putting them much debate about waste and recycling it is difficult to

    in a completely new context and use. A lot of times, using know what to do for the best. Do we continue to take risksobjects from our daily lives in different ways or breaking with the future, or it time to say enough is enough and act

    stereotypical views leads to innovation and adds now?

    excitement to the experience of using them. The next If you are thinking a year ahead, sow seed. If you are

    challenge would be to design a system where used objects thinking ten years ahead, plant a tree. If you are thinking

    can be collected in bulk, cleaned and ordered to facilitate 100 years ahead, make people aware. By sowing seed

    eco-friendlier production. once you will harvest tenfold. By opening the minds of

    This century has seen people like el gore stressing on issue people, you will harvest 100-fold.: Cinese proverb

    of global warming and sustainability. Studying the waste

    and the process of refining it involved in creating products

    CMAeMag

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    CMAeMagPerceived

    parameters of ethical behavior

    Tags: Ethics, Ethical, Standards, code of conduct, value system, whistle blowing

    Some of the people are in a dilemma when there is a conflict between their personal

    ethical standards and the ethics followed by their co-workers. If they follow their own

    ethical standards they may be victimized for not following acceptable standards of the

    group they are working in.

    Mahesh Chander

    Asst. Vice President - Commercial

    Radcliffe Schools Education Pvt Ltd.

    Chandigarh

    If Nation is to have ethics; Society has to promote ethics and value system. If Society is

    to have ethics and value system, families should adhere to ethics and value system, If

    families have to get evolved with ethics and value system, parenthood should have

    inbuilt ethics. Parental ethics come from great learning, value based education and

    creation of clean environment that leads to righteousness in the heart. Where there is

    righteousness in the heart, there is beauty in the character. Beauty in the character

    leads to harmony in the home and order in the nation, and order in the nation leads to a

    peaceful world said Dr. Abdul Kalam, Former President of India.

    Dr. Kalam has linked individual ethical behaviour and value system to parenthood,

    families, society, organizations and the nation. Such is the importance of ethicality and

    ethical behaviour that it eventually leads to a better and peaceful world for all.

    Acceptable ethical behavior

    The seeds of ethical behaviour are sown early in life, they say, and education systems

    play an important role in building this behavior. Even though, all religions teach ethical

    behavior, eventually, it is the society, which decides what is an acceptable behaviour or

    practice? When I was a child my father taught me to do things for which I do not have to

    lie or I do not have to hide or conceal anything from others. In other words, he taught me

    to do only those things which are acceptable to all and I do not have to face

    embarrassment for my behaviour.

    The word ethic may be defined as a set of rules, values or moral principles, which are

    just and generally acceptable to the society and the surrounding environment. Business

    ethics involves adhering to all legal, regulatory, professional and organizational

    standards. Behaving ethically would imply keeping promises and commitments, not

    withholding or concealing some facts about business deals.

    It is difficult to determine the exact boundaries or parameters of true ethical behaviour.

    Abiding by the principles of respect, fairness, truth and honesty in business transactions

    would also be included in ethical behaviour but these parameters of ethical behavior,

    sometimes, have different connotations or meaning in different situations depending

    upon the circumstances under which these behaviour are exhibited. Sometimes a

    particular act or behaviour may be acceptable in a particular situation whereas it may be

    unacceptable in another.

    This approach to ethical behaviour is known as relativist approach. Another approach

    to ethics is the Universalistic approach wherein a uniform rule/law applies to all people

    under all circumstances. Utilitarian approach to ethical decision making takes into

    account the greatest good for greatest number of people. Cost-benefit approach to

    ethical behaviour talks about analyzing the costs v/s benefits of each action before

    being termed as unethical behaviour.

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    CMAeMag

    Perception Varies considered to be unethical to pay a bribe. But it becomes

    acceptable when all the people in business accept it as aPerception about ethical behaviour varies from countrynorm. Bribery or corruption is illegal under law butto country depending upon the culture of each society.people are forced to follow the norm or otherwise itThere has been a great uproar about the kind ofwould impair the competitiveness of the organization.questions that are put up to participants in the reality

    show Sach ka Samna on Indian television. The same or Whistle Blowing

    similar questions would have been passed off easily in Some of the people are in a dilemma when there is awestern societies, but have become a matter of concern conflict between their personal ethical standards and theto the organizers and the politicians to be tabled in the ethics followed by their co-workers. If they follow their

    parliament. own ethical standards they may be victimized for notIf we take into account the globalization and emerging following acceptable standards of the group they are

    technologies in the past decade we will come across working in. But if they report about such unethical

    several instances of unethical behaviour on the part of prac tices, either t o the authorit ies w ithin thend

    large organizations. On 2 December 1984 deadly organization or regulatory bodies outside, they may be

    chemicals leaked from Union Carbide Pesticide plant in considered as heroes. This reporting of unethical

    Bhopal due to inadequate safety measures followed by behaviour is known as Whistle Blowing. It is important

    US based Union Carbide. No action has been taken to that organizations should promote whistle blowing in

    book the culprits till date whereas such a disaster would their organizations because it can prevent a possible loss

    have been meant millions of dollars as compensation in to the organization, if detected later by law enforcement

    the US. This shows the kind of unethical practices agencies.

    followed by large organizations. If we take into account Moreover, the brand image of the organization can alsothe corporate fraud committed by Satyam computers

    receive a setback when the consumers come to knowCEO Mr. Ramalinga Raju, which reveals how large about any unethical practices of the organization. All thecorporations fudge their accounts, deal with money organizations should create a uniform ethical code oflaundering, diversion of investor money and accumulate conduct to be followed by everyone. The ethical code ofillegal wealth by adopting unethical accounting practices. conduct should not just be a set of legal compliance

    According to Business Week, December 6, 1993, Hong measures only but it should go beyond this to establish

    Kong's independent commission against corruption rules which are correct ethically and promote a level

    estimated that Gifts and bribes add 3-5% to operating playing field for all the stakeholders. It should promote

    costs in China In the article, Hong Kong business reveals morality and right ethical behaviour on part of the

    the price of Graft South China Morning Post, July 25 employees. This ethical code of conduct should be a part

    1993 reports that 35 out of 50 companies doing business of induction training such that when a new employee

    in China pay bribes to get necessary certificates for joins an organization he understands the company value

    conducting business. Even in India or in former soviet systems and its commitment to ethicality. In order to

    republics bribery is considered a part of life, which is promote ethical behaviour in an organization, gooddifficult to do away with. Sometimes it is difficult to ethical behaviour and whistle blowers should be

    conduct business without paying a bribe, though it is rewarded for their act.

    MyBoss

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    CMAeMagTourism

    for economic growth of the region

    Tags : Tourism, North India, Medical Tourism, Rural Tourism, Cinematic Tourism

    Given the northern regions topographical and cultural diversity, there is no doubt that

    immense potential exists for trade opportunities in both traditional tourism related

    areas and in less traditional fields ranging from the heritage hotels and restaurants, to

    the setting up of golf courses, amusement parks, adventure and water sports

    complexes, health and herbal resorts, domestic airports and air taxi operations.

    Prof. N.K. Sharma,

    ITFT College, Chandigarh

    Indias economic reforms have given a big push to Indian tourism as well. Lately,

    phenomenal growth has taken place both in tourist packages as well as associated

    infrastructure, which rightly project tourism as the new engine of growth of Indian

    economy for eliminating poverty, unemployment, development of new skills, and

    women empowerment.

    Travel and Tourism is now the largest service industry, employing approximately 220

    million people and generating over 9.4 per cent of world GDP. In 2008, there were over

    922 million international tourist arrivals with receipts of US$944 billion. In the same

    year tourist visiting India were 5.37 million, while departures from India were 10.65

    million with net earnings from tourism recorded at more than Rupees fifty thousand

    crores.

    Employment in tourism sector, both direct and indirect, has been 41.8 million whichaccounts for 8.78 % of total employment in the country. However, despite immense

    attractions, Indias share of world tourism arrivals is just 0.4 % and receipts 0.06 %.

    North India-A potential tourist destination

    Given the northern regions topographical and cultural diversity, there is no doubt that

    immense potential exists for trade opportunities in both traditional tourism related

    areas and in less traditional fields ranging from the heritage hotels and restaurants, to

    the setting up of golf courses, amusement parks, adventure and water sports

    complexes, health and herbal resorts, domestic airports and air taxi operations.

    The southern states of Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu, collectively

    promote themselves as a Diamond Quadrangle. Similarly, the recent creation of the

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    north-east brand, Eastern Eight, and the slogan, Eight Another area of development is Medical Tourism, if

    states, 8000 reasons to visit could be the guiding force tapped effectively, can be converted into leisure tourism.

    for North India. Likewise, a unique socio-geographical Northern Indian states should explore the possibility of

    unit of the country, i.e. Punjab, Haryana, Himachal developing holistic health destinations and introduce

    Pradesh, J&K and Chandigarh need to coordinate their ayurve da, meditat ion , yo ga, nat uropathy, and

    efforts for joint planning, marketing and management of Panchkarma packages in their tourist bungalows and

    tourism products and services. They also need to pool other establishments. All this will create a large number

    their resources to project this region as one compact of employment opportunities even in those areas, whichdestination. are economically backward but are endowed with other

    tourist attractions.Northern Indian states are dotted with religious and

    pilgrimage centres which attract millions of devotees There is vast potential to promote cinematic tourism in

    every year. However, facilities at these places are the region, on account of its varied topography and other

    woefully lacking. Master plans for places like Jwalamukhi, man made and natural attractions. Movies have now

    Chintpurni, Nainadevi in HP and for other places in other become cinematic travel brochures that help sell

    northern Indian states should be prepared with emphasis potential and actual motivations of the film induced. In

    on sanitation, economy accommodation and catering fact, some of the special sites and events became popular

    facilities. tourist attractions because of the films produced on

    these sites.Innovative forms of tourism

    However, to successfully implement the plans andIn view of the profound changes taking place throughout

    policies, northern Indian states may cooperate inthe world, rural (farm) tourism is being taken up by many

    developing quality human resource for tourism,state governments in the country. Northern Indian states

    hospitality and aviation sectors. For coordination a boardcould select certain villages with unique salient features

    with representatives from all the northern Indian statesand develop them as model tourism villages, which

    should be constituted including both from the public andreflect their cultural and historical heritage. Heritage

    private sectors. The Chief Ministers of Punjab andvillages like Chokhi Dhani near Jaipur, which showcase

    Himachal Pradesh had said in the past for forging jointthe history and culture, archaeology and architecture,

    strategies for regional cooperation. Let these poiseand unique lifestyles of the people, if set up, would go astatements be translated into reality, as far as tourismlong way in creating a large number of direct and indirect

    development is concerned.jobs and income opportunities.

    CMAeMag

    THE OTHER SIDEA Father was reading a magazine and his little daughter every now and then distracted him. To keepher busy, he tore one page on which was printed the map of the world. He tore it into pieces and askedher to go to her room and put them together to make the map again. He was sure she would take thewhole day to get it done. But the little one came back within minutes with perfect map. When heasked how she could do it so quickly, she said,'Oh... Dad, there is a man's face on the other side of thepaper. I made the face perfect to get the map right,' she ran outside to play leaving the fathersurprised.

    Friends, There is always the other side to whatever you experience in this world. Thisstory indirectly teaches a lesson. That is, whenever we come across a challenge or apuzzling situation, look at the other side. You will be surprised to see an easy way totackle the problem.

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    CMAeMagTata Group and CSR

    Tags: J.R.D.Tata. Tata Airlines, Humanist Values, Corporate Social Responsibility, 26/11 attack on Taj Hotel

    JRDs passion and humanistic values are evident in Tata Groups response to 26/11.

    These humanistic values along with their business practices propelled Tatas to become

    one of the worlds most respected companies. JRD faced barbs at the hands of British

    rulers, when they mocked at his attempts to build rails for the railways.

    Col (Retd.) KK Sharma

    From my childhood, my most favourite business leader has always been J.R.D. Tata, whowas the Chairman (1938 to 1988) of one of Indias largest business and IndustrialCorporation, the TATA Group. The Tata family established business in India in the 1870sand the Group now operates in more than 85 countries in diverse businesses such asSteel, Hospitality, Automotive, Information Technology, Communication, Power, Teaetc.

    About the much discussed corporate social responsibility (CSR), JRD had once stated, Ibelieve that the social responsibilities of our industrial enterprise should extend evenbeyond serving people, to the environment. This need is now fairly well recognized butthere is still considerable scope for most industrial ventures to extend their support notonly to human beings but also to the land, to the forests, to the waters, and to thecreations that inhabit them. Indeed a prophetic statement given 30 years back whenviewed with the COP15 deliberations of Copenhagen.

    DNA of Tata Group

    The DNA foundations of Tata corporate culture were well laid when JRD was nurturingthe organisation in his 50 years of stewardship. JRD reinforced a working philosophy ofpreserving natures wealth whilst promoting industrial growth and development. To

    JRD and the Tatas, people mattered most and they developed a corporate culturewherein they spread their wealth and wisdom towards the benefit of people andsociety. The Tata Group invested in education, research and medicine. JRD took on thelead role to further enhance the Tata tradition of nation-building rather than justfocusing on building corporate influence or power. There was an incident when a seniorexecutive of the Tata Company tried to save on taxes. When questioned by JRD theexecutive said: But, Sir it is not illegal. Not illegal, yes, but is it right? inquired JRD.

    These humanistic values along with their business practices propelled Tatas to becomeone of the worlds most respected companies. JRD faced barbs at the hands of Britishrulers, when they mocked at his attempts to build rails for the railways. RM Lala hasdescribed the life of JRD in his gentle, polished and anecdotal autobiography, Beyondthe Last Blue Mountains.

    Tata Airlines of bygone years

    JRD founded Air India (Tata Airlines) in 1932. On 15 October 1932, JRD flew a single-engined De Havilland Puss Moth carrying air mail (postal mail of Imperial Airways) fromKarachi's Drigh Road Aerodrome to Bombay's Juhu Airstrip via Ahmedabad. JRD spenthalf of his life time building up Air India. It is no secret that Air India was the pride of Asiaand there were no airlines to the East, when this magnificent Maharaja was donning thesky. Once government took over (nationalised), downfall was the inevitable outcome.

    JRDs passion and humanistic values are evident in Tata Groups response to 26/11. Notonly the employees of the hotel but every passers-by, the cart pullers, policemen and allthose who suffered due to the attacks were taken care of. How one hopes we learn fromthese examples in our daily lives!

    P.S When Mr JN Vohra sent us the write up DNA of an organisation and response of employees - Tata in Taj26/11; I was happily reminded of the Tata icon JRD

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    CMAeMagBranding

    Tags: Small Business, Branding, Brand Image, Advertisement

    Be sure, branding isn't just for big business, but it will take some thinking on your part.,

    and a good amount of effort as well. But as soon as you get these steps in place, you'll

    begin to see that your branding will help you build your business without even thinking

    about it.

    R. RAJAN

    Strategist & Facilitator

    isn't just for big business

    When we ask most of small business owners as to what steps they have taken to build

    their brand, they go blank and just stare in return. For most people, branding is

    something, which Coke or Nike is doing. For most of the small companies brand building

    is altogether different world. Many people think of branding as a luxury, which they canafford only when their company has attained some size with honorable turnover. But in

    reality, you are establishing your brand from the day one when you started your

    business.

    The good news is that you can start establishing your brand image immediately. Some of

    the following tips can go a long way to make your company's image, which you had

    postulated. And none of these are difficult to implement or are expensive; in fact some

    don't cost anything at all.

    Choose, what you are

    Identify yourself? To successfully manage your brand message, you have to work out

    your identity. And this really needs to emerge from your present status, not what you

    wish or dream to become. Honda is not Mercedes. Oxfam is not Fab-India. Sony is

    not Samsung. They don't try to be. Be true to what you decide you are, and you will

    then make communicating that much easier.

    Scheme the Color

    See, what color big brands, like Coca-cola or Reliance Fresh have adopted? How about

    Mountain Dew cans? Picking a color can help you establish your brand even stronger

    than your logo might. When your company's packaging, delivery vans, carry bags or sign

    boards, all have a consistent dominant color; it makes it easier for your consumers to

    notice you.

    Resist the urge!

    We've seen many clients getting tired of an advertisement campaign much before their

    customers do so. After having approved the ad campaign you have possessed and lived

    with it for months, and now you want to try something new! Resist the urge! Since

    chances are, your customers haven't seen them as much as you have. Withdrawing the

    ads prematurely will cost you money surely, and maybe, potential customers too.

    Consistency and repetition are the hallmarks of a successful branding campaign. Find

    the right message and make it visible as much as you can.

    Campaign Visibility

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    A large ad budget can build your brand presence faster. If you don't: you can start spreading the word cheaply. Send press

    releases or hand outs to all interested publications, when you have something worthwhile. Put up notices in your shop

    windows promoting a new offer. Sponsor or plan activities by evolving community on weekends, put a canopy at crowded

    market place, at every opportune time. There are lots of ways to start making those personal connections depending on

    your product or market needs. Utilize them.

    Brand Positioning

    There is no definite formula for this. Find the tone of the brand, which your product would reflect honestly, and stick with

    it. You don't have to be loud. In the last twenty years, some of the most convincing advertisements came from an insurance

    company, LIC. Again, it gets back to the question: What's your emphasis? A credible brand can come even from a very

    traditional positioning, just as much as a bizarre one. Just find the right fit for your product or services, and optimize it.

    Be sure, branding isn't just for big business, but it will take some thinking on your part., and a good amount of effort as well.

    But as soon as you get these steps in place, you'll begin to see that your branding will help you build your business without

    even thinking about it.

    CMAeMag

    A very inspiring, interesting and thought provoking speech by Shri Azim Premji At the37th Annual Convocation 2002, IIM, Ahmedabad

    Be alert for the first signs of change.Change descends on every One equally; it is just that some realize it faster. Some changesare sudden but many others are gradual.While sudden changes get attention because theyare dramatic, it is the gradual changes that are ignored till it is too late. You must have allheard of story of the frog in boiling water. If the temperature of the water is suddenlyincreased, the frog realizes it and jumps out of the water. But if the temperature is veryslowly increased, one degree at a time, the frog does not realize it till it boils to death. Youmust develop your own early warning system, which warns you of changes and calls yourattention to it. In the case of change, being forewarned is being forearmed.

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    CMAeMagStark Reality

    Tags: Management, Education System, Counselling, Qualified Faculty, Employability

    The need of the hour, as per our market study, is to have more and more people from the

    industry on the boards of Universities and Institutions, as they can create a stable and

    practical education system that can help students grasp the basics required for

    employability in the industry.

    Vaibhav Mehndiratta

    A View Point*

    Are we really on a sinking ship? No, I am not talking about Titanic or any gigantic ocean

    tragedy likely to occur, its all about a grave situation that our management education

    has landed into.

    Almost all the known and learned people in the management fraternity attend or

    preside over various educational development conferences, to discuss the plight of the

    Indian management education. Being from education field, I am not an exception,

    though I am neither well known nor have I touched the pinnacle in the field, as most of

    the other educationists did.

    After an MBA degree from a well reputed MBA college in India, I decided to take a plunge

    in my family business of education management. With a great deal of fresh enthusiasm I

    could lay my hands on the study of management education in the region of Punjab and

    Haryana. The approach of this study was not to see the infrastructure or strengths of the

    colleges but the sole motive being to see the kind of knowledge and exposure imparted

    to management students in the region. With a rosy picture in my mind of getting acloser look at one of elitist courses in today's economy, I hardly had a clue of what lies

    ahead for me.

    STARK REALITY -A perception

    As we move from one end of our study arena to another, the picture indeed gets darker

    and darker till the time it totally fades out. With the institutes springing up under each

    brick, only a few institutes maintain their standards with good quality education, the

    others just make a mockery of degree or diploma named MBA. Moving around the rural

    education market, the situation is worst further as the products produced from these

    'Money Minting Machines' don't have any exposure to the learning of basic ideas and

    concepts of management but are also deprived of the knowledge of basic Englishlanguage, computer basics etc. Moreover, the learned teachers teaching the MBA

    students are hardly qualified beyond a graduation in management subjects. So whom

    should we blame for this plight, may be the students themselves, since today they don't

    realise the long term consequences for their employability after having spent lot of

    money.

    Test Case

    On finishing the first round of the market, I decided not to go in for a quick decision or a

    conclusion about the education system, so I requested a friend who runs a Financial

    consultancy firm, and was planning to hire marketing managers from a few campuses in

    Punjab and Haryana region to allow me to sit with him while he interviews the

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    candidates. The interviews were conducted at 5 different Appropriate counselling for graduation students, so

    colleges and the outcome was disaster. Purposely, I asked that they have an exposure to the kind of courses

    all the candidates one basic common question, i.e. The available to them so that rather than taking MBA just

    difference between marketing and selling, and to my because everyone else is taking up, they can get a

    surprise 99% students failed to answer the question. The vision of their own.

    thing is not about a question being simple or difficult, but

    the whole matter is about the basics being missing from Providing supplement education solutions to

    the minds of the students.students like interactive sessions, computer training,

    I don't intend to raise a question on any specific institute soft skills training, personality development,

    or student, my whole idea is to bring forward the fronts language lab etc.

    where our management education is falling apart. AtThis is no simple lecture that I intend to communicate, it

    least, basic Language skills, Computer Education,is actually a matter of a sinking ship named Indian

    qualified faculty, industry interaction, and aboveEducation, that can still be salvaged but we need to find

    practical curriculum should be foremost requirement ofout practical solutions that can save the grace and

    our Management Institutions.maintain the employability of the students and the

    Need of the hour sanctity of management education.

    The need of the hour, as per our market study, is to have

    more and more people from the industry on the boards

    of Universities and Institutions, as they can create a* These are personal views of the author in this article and

    stable and practical education system that can helpCMA necessarily does not subscribe to these views in

    students grasp the basics required for employability inparts or as whole- Editor.

    the industry.

    CMAeMag

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    CMAeMagRelating Modern

    Management with Bhagavad-Gita

    Tags: Bhagavad-Gita, management, Hindu Philosophy, Lord Krishna, Yoga

    As a matter of fact, Bhagavad-Gita tackle all management issues, problems from the

    very basics of human reasoning because once the fundamental thinking of human being

    is improved it will automatically enhance the quality of individual actions & their results.

    Dr. Sonika Chaudhary

    P.hD (HR)The word Management is traced from the Latin phrase, meaning To lead by the

    Hand. Management has become an important part of our personal & professional life.

    We can see the use or impact of management in our homes, schools, offices, in fact, in

    our everyday of life.

    Management is all about the managing the five important Ms; Manpower, Machinery,

    Money, Material and Method, to compete another M i.e. Market. In other words,

    Management is an act of Planning, Organising, Directing and controlling the resources

    to attain successfully the specific goals.

    But how we can manage all these resources in the best possible ways, while tackling the

    environment & circumstances, is the essential factor for a successful management or a

    successful life.

    Message of Bhagavad-Gita

    The Hindu epic - Bhagavad-Gita teach us the most effective management techniques

    to become a successful person by selecting the best path among various alternatives.

    The Bhagavad-Gita, expounded thousands of

    years ago, by the super management guru Lord

    Krishna enlightens us on all aspects of modern

    management techniques like Motivation,

    Vision, Leadership, Excellence in work,

    Achieving goals, Decision making etc. with a

    sharp insight.

    Bhagavad-Gita has been acknowledged as the

    unsurpassed expression of Hindu Philosophy

    that embodies the Message of detached living,

    based upon right knowledge, faith, devotion,

    and dispassionate performance of tasks, rather

    than ego riveted living.

    Lord Krishana places Gita above himself and state in the epic

    Gitashreya thistami Gita mai chotham graham,

    GitaGyanmupashitiya trilokan palayamaham.

    (Varadha Purana)

    Truly speaking, none has the power to articulate the Glory of Gita, which is the essence

    of the Vedas. The manner in which the Gita describes, the virtues, glory and secrets of

    God, is hardly found in any other scripture. But owing to lack of understanding, many

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    CMAeMag

    people assert that the book is intended only for religious a) Sankhyayoga (Path of Knowledge)

    gurus and ascetics. b) Karamayoga (Path of Yoga)

    As a matter of fact, Bhagwad Gita tackle all management

    issues, problems from the very basics of humanThese principal are about the focused duty, detached

    reasoning because once the fundamental thinking ofactions from rewards, dedication of mind, which are also

    human being is improved it will automatically enhanceessential ingredients for improving personal &

    the quality of individual actions & their results. Now a

    professional lifeday, one vital question comes to everybodys minds, as toKarmanyovadhikaraste Maa Phalesu Kadachanhe,

    how to be effective in their job? The answer contained inMaa Karmphalhetubhurmara Te Sandhoshkarmani

    the Bhagavad Gita is simple, and that is; You try to

    We should develop the visionary prospective in ourmanage yourself first, actually, Gita is all about the self

    work.management, self awareness, self duties, and self

    analysis, and all this for self development. We should work in Daivisampat it means divine

    work culture, we should manage the Daivisampat Principles of Management vis--vis Gita

    which involves Purity, Self Control, Sacrifice, StraightIn the holy Gita- Lord Krishna explain to Arjuna all the

    Forwardness, Calmness, Absence of Greed,essential qualities of a successful life and espouses

    Gentleness, Modesty, Absence of Envy & Pride.various components of yoga:

    We should do our work (Karamyoga) with fulla) The Yoga of Dejection.Devotion (Bhagti Yoga) then the work itself becomes

    b) The Yoga of Knowledge.Worship (Sevayoga), Service for its own Sake.

    c) The Yoga of Action.Tasmaat Sarveshu Kaaleshu Mamanusmarah

    d) The Yoga of Disciplines of Action & Knowledge.Yudda Cha

    e) The Yoga of Self Control. We should maintain a calm Positive Approach, Sound

    Now lets re-examine some of the modern managementMental Health with a Healthy Stress free Mind.

    concepts in the light of Bhagavad Gita. We should earn the means to fulfil our needs through

    The first principle of management, i.e., to make use of thehard work & loyalty. If we generate the wealth or

    intellect, to optimise minimum resources in order tofulfil our needs through improper or wrong way that

    improve productivity is a direct influence of will lead us to frustration and failure.Mahabharata; where Arjuna selected Shri Krishnas

    At the end Lord Krishana recites that No Doer of Goodwisdom for his support while Duroyadhana chooses

    Ever Ends in Misery; every action should produce someShree Krishnas large army under his command. An

    results, good action produces good results & bad actioneffective manager always gives concern to a well thought

    produces bad results. Therefore, always act well & beout plan rather than employing large number of

    rewarded. Through these mysterious teachings of Gita,ineffective persons.

    we can improve our professional and quality of personnelLord Krishna has laid down two principles in the Gita -:

    life.

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    CMAeMag2009

    Events

    Chandigarh Management Association (CMA)

    organised a talk on Impact of Union Budget

    2009-10, on Reversing the Ongoing Downtrend of

    Indian Economy by Dr. J Sadakkadulla, Regional

    Director of Reserve Bank of India, Chandigarh on

    July 11, 2009

    Setting the background to the current budget, Dr.

    Sadakkadulla emphasised the importance of rural

    development, and urgent need for financial

    inclusion of this sector. He said, Indian economy is

    heavily dependent upon agriculture and majority

    of our cultivable land depends upon rain water,

    thus the influence of a good monsoon is

    important for boosting aimed Keynesian path of

    economic recovery through increased

    government spending

    CMA Management DayChandigarh Management Association (CMA)organised today a 'Management Meet with a

    seminar on Positioning Chandigarh as World ClassCity at Dr. Ambedkar Institute of Hotelmanagement, Sector 42-D, Chandigarh. Mr. PawanKumar Bansal, Union Minister of ParliamentaryAffairs and Water Resources presided over thefunction.

    Speaking on the occasion, Mr. Bansal said that workfor the development of Chandigarh is his specialinterest and he would bring whatever help the cityrequires from the center. He said, it is for the peopleto make city a Clean Green & Modern and to helpbuild Chandigarh as a World Class City. Hecongratulated CMA to organize the seminar. Hedisclosed that several works for the city are atdiscussion stage and the Central government isquite keen to give it shape. The prime importance isto build an international level infrastructure tocope up with the rising population and vehiculardensity in the city. He further said that in thisprocess of development we need to ensure that thebasic structure of this planned city is not destroyed.

    Chandigarh Management Association honoured four prominent educationalists, withspecial achievement award in building institutions for providing quality education forthe youth. They included, Col. B.S. Sandhu (Retd.), Chairman & Managing Director,WWICS group, S. Satnam Singh Sandhu, Chairman, Chandigarh Group of Colleges, Dr.Gulshan Sharma, Chairman, ITFT Group and Mr. Anshu Kataria, Chairman, Aryans

    Group of Institutes

    C h a n d i g a r h M a n a g e m e n t

    Association (CMA) jointly with ITFT

    Education Group celebrated World

    Tourism Day as Tourists cum Citizen

    Security Day on September 26 at ITFT

    College Campus at Mullanpur. The

    d a y m a r k e d c u l t u r e e v e n t s

    performed by the students of ITFT

    College. They performed dances onthe tunes of Bollywood songs,

    Bhangra dances and also Russian and

    Mexico dances performed by foreign

    faculty of the institute. There was a

    quiz contest as well declamation

    contest on the topic of Emerging

    Trends in Security Services

    Sh A.R.Talwar, principal secretary,

    home affairs and justice, Punjab, who

    was the chief guest, said that the

    security of the tourists is central tothe growth of tourist industry, which

    can contribute considerably to the

    economy of the state as well as

    country. He said that Government of

    Punjab has established institutions

    for providing security training to the

    police personnel near Hoshiarpur

    and Mohali. He congratulated CMA

    and ITFT executive director Dr.

    Gulshan Sharma for celebrating the

    day as security of tourists.

    World Tourism Day

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    CMAeMag2009

    Events

    (CMA) organised today a seminar here today on

    the subject Seven Principles of Supply Chain

    Management at ICFAI Business School,

    S.A.S.Nagar as a part of its monthly lecture series.

    The seminar was jointly organised with British

    Library, The key speaker on the seminar was Dr.

    Cedwyn Fernandes of Middlesex University Dubai.

    Speaking on the occasion, Dr. Cedwyn said that

    businesses are now examining every area of their

    supply chain to reduce costs, reduce waste andshorten time span to reach to the final customers.

    He said, Companies that want to get ahead of the

    curve and stay there need to begin thinking how to

    develop an approach to sourcing and supplying the

    goods that factors this new reality into their plans.

    He said, in India the biggest hurdle in making the

    supply chain effective is the poor and uncertain

    logistics for movement of the goods.

    Thousands of years ago, the learned ayurvedic

    masters gave us a unique holistic dictum in which

    the health was merely seen as the absence ofdisease with a state of complete mental, physical,

    and social well being. The discipline of Ayurveda

    lays stress on balanced diet, regulated daily routine

    and the sexual discipline, said Dr. R.Vatsyan, while

    presenting key note address on "Life Style

    Management through Ayurveda' on Dhanvantri

    Day. Dr. Vatsyan said that no doubt that this type of

    way of life is now increasingly becoming the cause

    of many lifestyle diseases such as heart ailments,

    diabetes, hypertension, neurological and

    circulatory disorders and obesity. Aurveda says that

    leaving everything else, one should keep himselfhealthy, said Dr. Vatsyan.

    Dhanvantri Day

    President - ELECT of AIMA

    Mr. Sanjeev Goenka addressing the

    CEO's of LMA's during

    The National Management Convention

    (NMC) held on18-19th September 2009

    in Hotel Taj at Chennai. Also sitting on the

    head table is Ms. Rekha Sethi, Director

    General of AIMA.

    Mr. AK Gandhi, Chairman (Membership

    Committee) of CMA, seen sitting in the

    front row, attended the NMC and LMA-

    CEO's Workshop on 17th September 2009

    Chandigarh Management Association(CMA) in association with Citizen

    Awareness Group organised today a

    Seminar on Investment Scenario

    post-economic recession at Gian Jyoti

    Institute of Management and

    Technology, Mohali. Mr. Amarjeet

    Singh, Regional Manager, and Mr.

    Rakesh Bhanot, Dy. General Manager

    of Securities Exchange Board of India

    (SEBI), were the main speakers.

    Speaking on the occasion, Mr.

    Amarjeet Singh, said that against thebackdrop of an increasing integration

    of global financial markets, SEBI

    channelised its efforts to bring out

    regulations to handle the domestic

    and global developments. Steps were

    taken to issue new guidelines and

    regulations to promote orderly growth

    of securities market. He said that

    grading of all Initial Public Offerings

    (IPOs) was made mandatory and the

    job of grading has been entrusted to

    SEBI registered credit rating agencies.

    Investment ScenarioPost-Economic Recession"

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    CMAeMag2009

    Events

    CMA) organised a workshop on Meditational Techniques for Stress Management at

    Regional Institute of Co-operative Management (RICM) here today. Mr. Balwant Gurunay,

    attitudinal and stress management trainer made one hour presentation. Gurney said that

    the human brain is a factory of chemicals. It is a pot of electrochemical activity that affects

    us and our lives. Most of the time, he said, we become victim of irrational ways of thinking

    and we catastrophize, overgeneralizing, or turn to selective abstraction, i.e. we see only the

    negatives but missing the positive details of the situation. In his presentation he brought

    out this truth in a simple manner and provided simple but effective tools to balance this

    psychosomatic imbalance with some somatic as well as psychological activities.

    Globalization and advancement in the technology has created a host of new challenges for

    the futurist leaders, such as increases in competitiveness, cross culture management and

    the information intensity that created perpetual uncertainty in everyday life, said Mr.

    D.K.Bakshi, Executive Director, Indo Thai Chamber of Commerce, Bangkok while delivering a

    talk on Building Futurist Leaders with Global Mindset organized by Aryans Business School

    (ABS) in association with Chandigarh Management Association (CMA) at the press club,

    Chandigarh. With an intention to motivate the young minds present on the occasion, Mr.

    Bakshi said that futurist leaders will have to act SMART (specific, measurable, attainable,

    realistic and timely). He said that a futurist leader would need to possess global mindset to

    perceive the world with positive mind and attitude. But, he said, you need to retain old

    values, which you have inherited from your elders, and learn how to respect equally the

    cultures of other nations.

    Building Futurist Leaders with Global Mindset

    CMA Members Honoured

    Dr. Anshu Kataria Honored

    by Thailand Minister as

    Chandigarh Young Entrepreneur

    Dr. NK Sharma, was honoured

    by the Principal Secretary

    tourism, Govt. of Himachal

    for his meritorious contribution

    to Tourism

    Mr. Vikas Garg, DC, Ludhiana

    along with SSP, Ludhiana presenting a

    memento to Sh. J.N.Vohra to hounor him

    for his services to the Ludhiana

    Knitwear Industry

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