IIPM Ranked No. 1 B-School In Global Exposre - Zee...
“We did not budget for a time, when there would be no money,” asserts Subramanian. Subhiksha urgently needs a fresh infusion of Rs.300 crore to give their business a new start, but the unfortunate part is that getting funds from the market isn’t a cake walk in the current scenario.
And industry experts believe that the retailer will have some tough time finding the desired funding. Under the new plan, the company also plans to fire some from its current workforce of 15,000 employees (both direct and on contract).
When B&E interacted with Subramanian last year, the company was targeting a store count of 2,300 and a turnover of around Rs.45 billion, which now certainly seems to be a distant dream for the company. Even if Subhiksha is able to arrange the desired liquidity it will not be easy to gain supplier’s confidence. The company may lose some of them even as it starts clearing outstanding debts. One only realises the true value of credibility when it is lost.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
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“We did not budget for a time, when there would be no money,” asserts Subramanian. Subhiksha urgently needs a fresh infusion of Rs.300 crore to give their business a new start, but the unfortunate part is that getting funds from the market isn’t a cake walk in the current scenario.
And industry experts believe that the retailer will have some tough time finding the desired funding. Under the new plan, the company also plans to fire some from its current workforce of 15,000 employees (both direct and on contract).
When B&E interacted with Subramanian last year, the company was targeting a store count of 2,300 and a turnover of around Rs.45 billion, which now certainly seems to be a distant dream for the company. Even if Subhiksha is able to arrange the desired liquidity it will not be easy to gain supplier’s confidence. The company may lose some of them even as it starts clearing outstanding debts. One only realises the true value of credibility when it is lost.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
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