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MARCH 26, 2006
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Trade Battle
Hots Up

The never ending fight between European Union and the US has taken another twist. The EU has threatened to impose up to $4-billion-worth of sanctions on the US, after the WTO upheld a ruling that the latter failed to end an illegal tax rebate for exporters. Analysts believe that us now has three months to act to avoid the reimposition of retaliatory measures. A look at the flare up.


e-Credit: What Next?
In most developing countries financial service providers are not yet in a position to use modern credit risk management techniques. Many developing economies still need to establish functional credit information systems in order to improve the quality of financial information. Will they?
Business Today,  March 12, 2006
 
 
BECKONING CAREERS
The Leaders And Their Road

There's no roadmap leading to the corner room. True leaders make their own roads, anyway. Here's how four big guns blazed their way to the top.

Help, Tarun!
What Talent Crunch?

There has always been an air of mystery about people who run mighty corporations. Rising turnovers, soaring profits and booming stock markets have meant that the country's romance with India Inc.'s poster boys has grown manifold. Were they merely the right people at the right place at the right time? Or did they always have something more fundamentally inherent that predicated their success? And what does it take to be a super-achiever? BT took these and many more such questions to some of the top honchos of Indian business and here's what they think led them to their current pole positions.

A.M. Naik, 64, CMD, Larsen & Toubro

A.M. Naik thinks it's his devotion beyond dedication that has brought him this far. He has not taken a day off from work in the past 20 years and has consistently worked 80 hours a week for the last 40 years, all of which he's spent with L&T. "In the first 20 years of my career, I worked for over 100 hours a week," he exults. Naik thinks that the seeds of his success were sown during the few years he worked as workshop-in-charge in a small company called Nestler Boilers in Mumbai (then Bombay). He was 23 and just beginning his career, but he was still asked to lead a team of 350 people. "The experience and exposure I got in the workshop boosted my confidence immensely and made my transition to L&T easy," says Naik, who is an engineering graduate from BVM College, Anand; he has also done several executive management programmes at different stages of his professional life. Another strength is his ability to keep desperation at bay. "There was a period of stagnation at L&T for about 12 years. Most people would have got rattled and left the company. But, I was too committed to my job and my company," says Naik. But in the end, his patience paid off. Today, "We Make India Proud" is not just a tagline for him and his team members. "It is the truth that we have lived and continue to live. We have been partners in building today's India," he says proudly. The projects closest to his heart: the country's first nuclear reactor (1971), the space programme (1975) and the missile launchers (1980s).

A.M. Naik/CMD/Larsen & Toubro
SUCCESS MANTRAS
Satisfaction of being a partner in building the nation kept A.M. Naik going. He says he is absolutely "committed to my job and the company".

REGRETS IN LIFE
"I neglected my family a great deal in the course of my career. If I could relive my life, I would try and spend more time with my loved ones," he says.

Rajeev Bakshi/Chairman/PepsiCo India
SUCCESS MANTRAS
"I found my calling in marketing. My excellence lay there and I got good opportunities to make the best of my inherent aptitude," he says.
REGRETS IN LIFE
"Life has just been perfect and I wouldn't want anything to change even if I were given a chance to do so. I have no regrets," he says.

Naik has no regrets in life save for one. "While serving my company and the nation, I neglected my family a great deal," he laments, adding that if he were given a chance to relive his life, he would try and spend more time with his loved ones.

Akhil Gupta, 50, Jt MD, Bharti Tele-Ventures

Akhil Gupta, a Chartered Accountant, started his career as an independent practitioner in the early eighties. A few years later, he set up an electronics business in partnership with a friend. "But I wanted to do something big that would impact people's lives," he says. That opportunity came in 1994, when he joined Sunil Mittal's Bharti Enterprises. "It was a big break. We got a big canvas and it was left to us to fill it with whatever colours we wanted," he says. The rest is history. Bharti Tele-Ventures, which started with one telecom circle and a net worth of Rs 150-200 crore, today boasts of a market capitalisation of Rs 70,000 crore and has 23 circles under its belt. "It was our hunger for success that drove us. And success is a never-ending journey," says Gupta, who also thinks that right partners are imperative for success. "Working for Sunil is like working for myself. I never felt I was running somebody else's company. This assurance has been crucial for my personal and professional success over the last 10 years," he adds.

Any regrets? "Early in my career I spent a lot of time trying to establish my own business. That limited my horizon. In hindsight, I guess I would have done better off had I taken up bigger challenges earlier," he says.

Rajeev Bakshi, 48, Chairman, PepsiCo India

For Rajeev Bakshi, who has spent 27 years in the country's leading fast moving consumer goods companies, success has been all about pursuing the right opportunities at the right time. He began his career in 1979 as a Management Trainee at Lakme. His big break: his appointment as Lakme's Marketing Head in 1986. "This enabled me to leverage my inner capabilities. I found my calling in marketing as this was the field where my excellence lay," says Bakshi. The icing on the cake: he was handed charge of the overall sales portfolio three years later. Managing one of India's most high-profile brands and driving its sales strategy gave Bakshi an unmatched exposure to the Indian market and readied him for bigger things. In 1992, he moved to Cadbury India. Those were the early days of economic reforms; and the atmosphere was rife with both promise and challenge. "I joined Cadbury as Sales and Marketing Director and five years later, became its Managing Director," says Bakshi. "It was the invaluable experience gathered during these two stints that set me up for my current job at PepsiCo."

For Bakshi, life has just been perfect and he wouldn't want anything to change even if he were given a chance to go back into the past. "No regrets. So far so good," is how he sums up his journey so far.

Subir Raha/CMD/ONGC
SUCCESS MANTRAS
For Subir Raha, it's "making a mark and doing things one's best, always. Never compromise if you want to be the best."
REGRETS IN LIFE
"Not becoming a fighter pilot and not being able to conduct research in electronics engineering," he says.

Akhil Gupta/Jt MD/Bharti Tele-Ventures
SUCCESS MANTRAS
For Akhil Gupta, it was the itch to do something big in life that would impact people at large that has helped him to get where he is today.
REGRETS IN LIFE
"I set out to chase my dreams pretty late in life. I would have done better for myself if I had taken up bigger challenges at an earlier stage," he says.

Subir Raha, 58, CMD, ONGC

Subir Raha had always wanted to become a fighter pilot; chose to study electronics engineering; and ended up working in the oil sector. "When I graduated from Jadhavpur University in 1969, I had quite a few job offers in hand, but I chose to join Indian Oil Corporation because it offered the best salary," laughs Raha. Once in, he decided that even if oil was not his area of interest, he was going to "make a mark" there. "There are many ways of doing things. For me, it always had to be the best way. There was no scope for any compromises at any point of time," says Raha. "My motto has always been: 'never take things for granted and verify everything on your own'," he adds. It is this passion about making a mark and his desire to see beyond what is immediately apparent that has seen him evolve into one of the country's most powerful oilmen. After serving IOC for 31 years in various capacities, he moved to the then moribund Oil and Natural Gas Corporation in 2001. A workaholic who's known to send e-mails and SMSs to colleagues at 1.00 am, his turnaround of the sleepy public sector oil exploration company into the country's biggest wealth creator (market capitalisation: Rs 1,59,925 crore as on March 1, 2006) is the stuff of legends.

If he has any regrets in life, they are over his failure to become a fighter pilot and his inability to pursue electronics research. "I would have wanted to take some credit for all the hardware development that has happened around us in the recent times," he says, only half in jest.


COUNSELLING
Help, Tarun!

I am a 30-year-old looking for a career in Clinical Data Management. I possess an MS degree in veterinary science, a PG degree in IT and a diploma in CDM. Please suggest an ideal career path to pursue in India or abroad.

There are companies doing outsourcing work in clinical and pharma trials. Another option could be pharma firms dealing in veterinary products in their clinical data analysis side, apart from bio-informatics.

I am 31-year-old with a BE (Mechanical). I work in the purchase department of a manufacturing company and am also doing MBA from ICFAI. Given my technical background, should I specialise in finance or operations?

It is difficult to get mbas who want to do operations and so with your background, you would be an asset in the operations side. However if your interest lies in finance, then go ahead and do it.

I am a 20-year-old in final year BA (History). My father runs a textiles business, but I have no wish to take it up. I want to pursue higher studies and eventually get into civil services. I am also keen on doing an MBA. Please advise.

What is it that really interests you? If you want to join civil services, go ahead, but it's tough to get in. If it's MBA, then do a full-time course. Figure out your ultimate goal to find your path.


Answers to your career concerns are contributed by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing Partner, US practice) of HR firm, Shilputsi Consultants. Write to Help,Tarun! c/o Business Today, Videocon Tower, Fifth Floor, E-1, Jhandewalan Extn., New Delhi-110055..


What Talent Crunch?
India Inc. is unlikely to face any HR constraints in the foreseeable future.

Manpower's Basu: It's all about demand for talent

The good news continues to pour in. the latest: there's no talent shortage in India, says a survey conducted by the us-based Manpower Inc., one of the world's leading executive search firms. The Talent Shortage Survey, carried out across 23 countries (sample size: 33,000 employers) reveals that only 13 per cent of Indian employers expect to face any manpower-related constraints. They feel it programmers and developers, accountants, marketing and communications specialists, sales managers; engineers, technical managers, project managers; administrative assistants and teachers will be hard to come by over the next couple of years. The worldwide average is 40 per cent.

Says Soumen Basu, Executive Chairman, Manpower India: "A turnaround in domestic manufacturing is driving demand for talent. The age profile of the Indian population, and the large number of graduates coming into the job market will largely meet the demand for talent."

 

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