Published on March 10, 2014
Senior Management Program, IIM Indore Feb 2011
Internal RivalrySupplier Power Customer Power substitutes
Internal Rivalry: Margin pressures,Supplier Power Customer Power substitutes High receivables High investment in intangibles High backward integration High capex Higher margins? High capex, to build scale, reach
Indian Companies, 2010
Debt Policy: Capital Structure Dividend Policy
Company Debt/Equity Dividend/Equity Infosys 0 3.6% Mahindra and Mahindra 37% 2.4% Hindustan Unilever 0 11.6% Maruti Suzuki 6.9% 1.5% GMR 44% 0 HDFC Bank 794% 0.6%
High Assets Transparent Predictable High Debt Conserve Dividends
Economies of Scale Natural Monopolies
Technology: R&D, Patents Brands
Intangibles Unpredictable Difficult to Communicate High Equity, Low Debt High Dividends
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