| THIS WEEK: HEALTHCARE INDUSTRY TRENDS - I |
| Imports account for over 90 per cent of the Indian medical equipment and consumables market, which is currently valued at over $2 billion. |
| Medical equipment has the biggest share (52 per cent) in this market, followed by consumables (26 per cent), orthopaedic products (19 per cent) and medical furniture (3 per cent). |
| The whole medical equipment market is witnessing a compound annual growth rate (CAGR) of 15 per cent. |
| With the additional infrastructure requirements, it is predicted that the medical equipment and consumable market could reach over $18 billion dollars in the next five years. |
| A major development has been the Government of India announcement in 2006 for setting up of biotech parks with special sanctions to promote and encourage private players to establish production bases. |
| The Department of Biotechnology will promote and support at least 10 biotech parks by 2010. |
| The total market opportunity for the new healthcare IT infrastructure requirements in the country currently stands at around $3 billion. |
| Selections from management journals NUGGETS |
| Thousands of Indians didn't offer prayers for Tata Steel to clinch the deal for the Anglo-Dutch steel maker Corus, as they have in the past for hospitalised superstars. Nor did they erect 40-foot billboards of a smiling Ratan Tata, chairman of Tata Steel, after he won Corus. And the stock markets were clearly concerned about Tata Steel's new debt load. But despite all this, euphoria gripped the nation. |
| Finance minister P Chidambaram offered unspecified help, if needed, to close the deal; fellow steel magnate Lakshmi Niwas Mittal cheered the acquisition, and excited TV newsreaders gushed. India's first Fortune 500 MNC was born. |
| Tata Steel's $12.1 billion Corus deal offers the promise of access to high-end European markets combined with low-cost Indian manufacturing. That same logic of shipping low-cost steel slabs to finishing plants overseas guided its purchase of NatSteel in Singapore and its purchase of a 67 per cent stake in Thailand's Millennium Steel over the past two years. |
| But tough questions that won't die in a hurry are being asked about the deal's high price, the durability of the steel industry's current boom phase, and the role of China as both a buyer and producer of steel, among other issues. |
| Did Tata Steel Overheat in its Zeal to Win Corus? February 07, 2007, Knowledge@Wharton |
| It's a common occurrence in Corporate America: An entrepreneurial founder starts a successful business, builds it to a certain size and hands it over to a CEO to run. But then, when things don't go well, the founder steps back in to take direct control of the organisation. That, essentially, is what happened last week when Michael Dell returned to become the CEO of Dell, replacing Kevin Rollins. |
| What will it take to turn Dell around? Wharton management professor Peter Cappelli, director of the school's Center for Human Resources spoke with Knowledge@Wharton about these issues. |
| 'Dude, You Need a CEO': The Return of Michael Dell February 07, 2007, Knowledge@Wharton |
| On February 2, a long-awaited report from the Intergovernmental Panel on Climate Change (IPCC) was released citing "unequivocal" proof of global warming. Meanwhile, some of the biggest corporations in the world, including Wal-Mart, Ford, General Electric and BP, have adopted highly visible "green" strategies. |
| But what does "going green" mean for the bottom line? Whether motivated by desire to do what is right, or to polish their public image and fend off government regulation, companies can profit from environmental initiatives, according to Wharton faculty and analysts. |
| It's Not Easy Going Green: Environmentalism May Help Your Corporate Image, but Will It Keep You in the Black? February 07, 2007, Knowledge@Wharton Read these articles at http://knowledge.wharton.upenn.edu/ |
| Top 10 business bestsellers BOOKWORM |
| The World Is Flat: a brief history of the twenty-first century Author: Thomas L Friedman Publisher: Penguin Books Price: Rs 560 ISBN: 0141022728 |
| Winning: The Answers Authors: Jack Welch and Suzy Welch Publisher: Harper Collins Price: Rs 395 ISBN: 0007252641 |
| The Undercover Economist Author: Tim Harford Publisher: Time Warner Price: Rs 560 ISBN: 0316731161 |
| Blue Ocean Strategy Authors: W Chan Kim and Renée Mauborgne Publisher: Harvard Business School Price: Rs 1,475 ISBN: 1591396190 |
| Damodaran on Valuation Author: A K Damodaran Publisher: John Wiley & Sons Price: Rs 4,920 ISBN: 0471751219 |
| The Greatness Guide Author: Robin S Sharma Publisher: Jaico Publishing Price: Rs 175 ISBN: 8179925765 |
| The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change Author: Stephen R Covey Publisher: Simon & Schuster Price: Rs 375 ISBN: 0671708635 |
| The Starbucks Experience Author: Joseph Michelli Publisher: Tata Mcgrawhill Price: Rs 299 ISBN: 0070636761 |
| Screw It, Let's Do It: lessons in life Author: Richard Branson Publisher: Virgin Books Price: Rs 150 ISBN: 0753510995 |
| The High Performance Entrepreneur Author: Subroto Bagchi Publisher: Penguin India Price: Rs 395 ISBN: 0670999180 List by Crossword |
Strategic tools for the practising manager
KIT
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First Published: Feb 20 2007 | 12:00 AM IST
