THOUGHT FOR TODAY
July 15, 2012 Leave a comment
Harsh Mariwala On His Family Business
July 15, 2012 Leave a comment
Professional managers can help family businesses grow: Harsh C Mariwala, Chairman & MD, Marico
I joined my family business in 1971. My family, a large joint one, owned diverse businesses collectively managed by family members. The businesses ranged from trading to manufacturing, but none leveraged any significant brands. In this backdrop, I strived over the subsequent two decades to create a distinct identity for a successful brand-basedFMCG business.
Still, in 1990, when we carved out the FMCG business into a new company called Marico, it was a leap of faith for me personally and a quantum jump for the business, which then had a turnover of Rs 80 crore. The separate corporate existence did impart a sharper focus and enhanced the growth potential. But it also held out a challenge — how would a new, unknown company attract talent? Read more of this post
The Economics Of A Medical Degree
July 15, 2012 5 Comments
This is from the Hyderabad edition of today’s TOI
The reality behind rising number of women medicos in Andhra Pradesh
Bushra Baseerat, TNN | Jul 15, 2012
HYDERABAD: If the price tags of management quota seats in medicine are skyrocketing in Andhra Pradesh today it is not simply because the good old sentiment behind taking the Hippocratic oath to serve society remains a compelling call for the educated. An estimated 70% of management quota seats in medical colleges have been cornered by the fairer sex but this heartening trend masks a disturbing reality – a medical degree is coming in handy these days for those looking to snag a good match in the marriage market.
College managements state that a doctor’s certificate often masks the not-so-palatable truth that an MBBS degree fetches girls a “good match” – a key reason why parents shell out big bucks for a medical seat for their daughters. Also responsible for the prevailing management quota seat rates of Rs 50 lakh to Rs 1 crore is the increasing wealth of the state’s elite over the last couple of decades and the post-liberalisation anthem of ‘have money, will buy’ that applies to education as well. Read more of this post
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