Showing posts with label fashion. Show all posts
Showing posts with label fashion. Show all posts

Thursday, January 6, 2011

Risky Business

Fighting has the edge over negotiation as the first inclination of most people when faced with conflict. Our human brain chemistry lubricates the preference for warfare and the use of force, while negotiation, by contrast, requires a willed, determined and conscious effort. While there is little doubt that the latter mode of conflict management generally makes more sense, and may even be an essential skill set given the complexity of the issues we face as a species, negotiation remains largely underutilized and is not even widely taught or practiced outside of a narrow range of academic programs and dispute contexts.

In addition to neuro-biological priming, there often is also a long-standing and continuing deep-seated cultural resistance to negotiation, whether the controversy in question is geo-political, the allocation of scarce resources, the approach to sustainable development or environmental management, or a more mundane business, workplace or personal matter. Negotiation and, by extension, its first cousin mediation, do not spring to mind as the first considered alternatives. A good measure of this resistance is because the practice of negotiation remains haphazard and is often misunderstood and mischaracterized, even by practitioners.

Negotiation is most indicated in complex matters where the circumstances are most confused and ambiguous. This is where the simple answer is particularly alluring and often conceals the most diabolical unintended consequence. Negotiation is disliked just because it obligates the recognition that many issues are more complex than people would like to think and that there are no simple solutions, only options that sometimes range from bad to worse. Not surprisingly, any outcome negotiated is susceptible to second guessing and a negotiated agreement is frequently considered little more than a compromise of principle, “selling out,” or an outright appeasement. The more difficult the matter, the less likely the process is likely to result in the elegant “win-win,” non zero-sum game, many envision. Far from gourmet cooking, negotiation is more akin to making sausage.
Industrial Strainers
And, those who negotiate or mediate conflict are not left untainted by the suspicion of the process. While they often like to think of themselves as “peacemakers” and consider their work noble, few others see them that way. They are more likely to be cast ignobly as appeasers, who are weak, and sometimes even immoral and cowardly. (Benjamin, R.D., “Negotiation and Evil (1998),” in The Guerrilla Negotiator, Mediate.com, 2007). Most negotiators through out history, from Talleyrand at the Congress of Vienna to former President Jimmy Carter”s recent involvement in the Israeli Palestinian discussions, have been vilified as much or more than they have been lauded for their efforts to settle conflicts.
Industrial Filters
Negotiation has garnered an especially ignominious reputation from the likes of Neville Chamberlain, the British Chancellor, who in 1938 negotiated with Hitler”s Third Reich on the eve of World War II an agreement that conceded to Germany the dissolution of Czechoslovakia in an effort to obtain “peace in our time.” Hitler broke the deal and, forever since, Chamberlain has been viewed as a naive dupe and his name used synonymously with appeasement. Most historians have concluded in hindsight, that anyone could have known Hitler could not be trusted. However, many other “scoundrels,” such as Soviet Premier Krushchev, Libyan President Omar Khadaffi, or even, after a fashion, Iraq”s Saddam Hussein, all originally deemed irrational and untrustworthy, have held to agreements they have negotiated, at least as often as the United States. Arguably, had Hitler upheld the agreement, Neville Chamberlain would now be viewed as a hero of sorts.
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Stock Market

The government has notified the procedures for the recently allowed export of five lakh tonne of sugar. Bajaj Hindustan and Balrampur Chini have together got a quota of more than 33,000 tonne. The export quota of five lakh tonne has been pro-rated among sugar factories by taking into account their three years average production. The government had allowed export of five lakh tonne of sugar after it became reasonably certain that domestic sugar production for the current sugar year (October-September) will be in excess of 24.5 million tonne against domestic demand of 23 million tonne.

Patni- iGate deal hit by procedural delays

A stake sale deal between Patni Computers Systems and iGate is on course, but has been delayed due to procedural issues such as tax related developments and offshore transaction fees. There is no disagreement between the three Patni brothers and iGate on a non-compete fee. Patni board met for the first time to discuss the stake sale issue and the discussion was very general.

Arvind to boost its fashion quotient with US Mossimo

Arvind is launching American youth brand Mossimo owned by Iconix Brand Group in May through its discount apparel chain Megamart. Megamart is the Rs.300 crore retail subsidiary of textile firm Arvind. Arvind has been tying up with international brands, adding Gant, US polo, Izod and Energie for its lifestyle brands division that included only Arrow and Flying Machine until 2006. The group operates 160 Megamart stores that sell 200 brands at discounts, including American Family brand Cherokee.

Manufacturing growth slows to 3-month low

India’s manufacturing sector expanded at a slower pace in December than in the previous month, indicating that growth may have peaked in Oct 2010, a survey showed. Purchasing managers index (PMI) for Nov 2010, compiled by HSBC Holdings and Markit Economics, dropped to 56.7 in Dec 2010 from 58.4 in Nov 2010.

An index, level above 50 indicates expansion, and higher the index above that threshold greater the growth. A reading of less than 50
indicates a contraction in manufacturing. Manufacturing industrial growth rose to 10.4 percent in Oct 2010 from 4.4 percent in Sep 2010.

But advance indicators seem to give a mixed signal for Nov 2010. The output of six key infrastructure sectors grew 2.3 percent in Nov 2010 from a year ago, the slowest pace in the last 21 months. The six core industries, crude oil, petroleum refining, coal, electricity, cement and finished steel have a combined weight of 26.7 percent in the index of Industrial production.