Malvika Bhatnagar in Singapore | PTI | September 08, 2008 |
To sustain the rapid business growth in India and the entire Asia, a proactive and strategic focus on leadership development for organisations has become imperative, a latest survey says.
According to a study by global consultancy The Gallup Organisation commissioned by Singapore Ministry of Manpower, the absence of strategic focus on leadership development would make it even more difficult for the next generation of leaders in the region to assume leadership roles.
"Organisational leaders may spend 90 per cent of their time running their organisations and 10 per cent of their time identifying and grooming the next leader. But often it is the latter 10 per cent of the effort that will help solve 90 per cent of out future problems," Singapore Workforce Development Agency Chief Executive Ong Ye Kung said.
"There are different models for developing leaders and it will be interesting to hear the experiences of leaders across different Asian countries and cultures at the Singapore Human Capital Summit," Kung added.
The study, conducted jointly with University of Nebraska, evaluated leadership profiles in two Indian cities -- Mumbai and Bangalore -- and four other Asian cities: Beijing, Hong Kong, Shanghai and Singapore.
As per the study, which would be released next month during the Singapore Human Capital Summit, CEOs in Asia expressed a willingness to develop the next generation of leaders in their respective organisations, but very few of them are proactive and strategic in doing so.
The Singapore Human Capital Summit would be organised by the Singapore Ministry of Manpower and Workforce Development Agency in October.
Monday, October 20, 2008
Wednesday, January 2, 2008
IPOs set the Indian market sizzling in 2007
Malvika Bhatnagar & Barun Jha
New Delhi, December 29, 2007
As early as 1553, a British explorer asked the public to fund his voyage to the East, including India, in the world's first 'IPO'- 454 years later the word has turned hottest in the great Indian stock bazaar.
The IPO of "The Mysterie and Compagnie of the Merchant Adventurers for the Discoverie of Regions, Dominions, Islands and Places Unknown" the company formed by London-based Sir Richard Willoughby was fully subscribed within days and so were over hundred public issues launched on Indian bourses in 2007.
However, the name of the companies coming out with IPOs are no more that intriguing and the year 2007 was dominated by names like DLF, Idea, Mundra, PFC and PGCIL.
While the names have gone shorter in size, it is not the case with the size of capital raised through IPOs. Realty giant DLF came out with the India's biggest ever IPO and raised over Rs 9,000 crore (more than $2 billion), while all together the proceeds from 101 public issues during the year stood at over Rs 34,000 crore.
And the trend is set to get even stronger in the new year. There are some 170-175 public issues lined up for the new year estimated to raise about Rs 60,000 crore ($15 billion) and as the year progresses more firms might join in the rally to raise funds from the market.
The soaring interest in IPOs is justified given their impressive returns, just like the case was with the voyage IPO of 1553. The shares were then offered to a small group of merchants, who lapped up the issue and reaped huge returns after the explorer returned from his journey with riches collected from the Eastern part of the world.
New Delhi, December 29, 2007
As early as 1553, a British explorer asked the public to fund his voyage to the East, including India, in the world's first 'IPO'- 454 years later the word has turned hottest in the great Indian stock bazaar.
The IPO of "The Mysterie and Compagnie of the Merchant Adventurers for the Discoverie of Regions, Dominions, Islands and Places Unknown" the company formed by London-based Sir Richard Willoughby was fully subscribed within days and so were over hundred public issues launched on Indian bourses in 2007.
However, the name of the companies coming out with IPOs are no more that intriguing and the year 2007 was dominated by names like DLF, Idea, Mundra, PFC and PGCIL.
While the names have gone shorter in size, it is not the case with the size of capital raised through IPOs. Realty giant DLF came out with the India's biggest ever IPO and raised over Rs 9,000 crore (more than $2 billion), while all together the proceeds from 101 public issues during the year stood at over Rs 34,000 crore.
And the trend is set to get even stronger in the new year. There are some 170-175 public issues lined up for the new year estimated to raise about Rs 60,000 crore ($15 billion) and as the year progresses more firms might join in the rally to raise funds from the market.
The soaring interest in IPOs is justified given their impressive returns, just like the case was with the voyage IPO of 1553. The shares were then offered to a small group of merchants, who lapped up the issue and reaped huge returns after the explorer returned from his journey with riches collected from the Eastern part of the world.
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