March 2015 |
Name | : | Editorial |
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Name | : | An Empirical Study on Factors Affecting Satisfaction of Employees and Their Impact on The Organisation with Special Reference to Education Sector |
Author | : | Dr. Manish Madan ,Dr. Nidhi Gupta |
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Name | : | The Impact of Service Performance Dimensions Modified by Postal Service Enterprise on The Customers in Addis Ababa, Ethiopia |
Authorhor | : | Hailu Demissie Habtie |
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In the modern business and non-business organizations more than ever in the 21 century,
the service organizations' decisive goals and objectives are to gratify their customers
and to get appropriate profit for which they primarily focus on offering excel services
and making incessant improvements in the area by carrying out an evaluation for
their service delivery in ongoing bases. The main purpose of this study was to empirically
examine the modified SERVPERF dimensions or model that affect service quality in
Ethiopian postal service enterprise (EPS) and its impact on the customer satisfaction
on the services of EPS. Recovery, reliability, tangibility, assurance, responsiveness
and empathy have been the dominant influences evaluated in bringing customer satisfaction
where the organization may invest more on these dominant dimensions. Researcher
has initiated the importance to develop appropriate programs and provide on-going
training on the various attributes of responsiveness to strengthen employees' ability
to improve customer service. An empirical study on the issue with an intensive research
through directional hypothesis portrays the glimpse of the customers' attitude on
postal services and explores the opportunities of the further research on a comparative
study between main office service quality and satisfaction with other branches in
the country.
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Name | : | Perceived Risk and Online shopping -A Factor Analysis Approach |
Author | : | Prof. Shraddha Sharma ,Dr. Manish Sitlani |
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In this e generation era, changes in customer lifestyles, technological advancements,
increases in customer income and education, and world-wide rapid financial development
are major reasons for rapid growth of e-commerce. The use of the Internet as a shopping
or purchasing vehicle has been growing at an impressive rate throughout the last
decade. The ability to measure different dimensions of online shopping would take
Indian e-tailers to a great height in maximizing both customer satisfaction and
profits. The present study identifies the factors of perceived risk in online shopping
in Indore city.
The study is broadly based on primary data collected from a sample of 410 respondents from Indore. Exploratory Factor Analysis revealed five factors of perceived risk in online buying. This study would be a help to those currently offering/aspiring to offer their products, including goods and services, through online channel to consumers in Indore city. Through this study, the e –tailers and policy makers can ensure designing and enforcement of marketing and electronic tools that may help the consumers in Indore city to overcome their perceived risk in online shopping. This include assuring delivery of ensured goods and services, making available an easy goods return process, minimizing monetary threats and developing a well secured framework of e-commerce technology for online buying in Indore. With all these being adhered to, development of a safe and stable future of online buying in Indore may be assured. |
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Name | : | Empirical Study of Managerial effectiveness in Service Sector |
Author | : | Dr. Renu |
Abstract | : |
This study contributes to understand the managerial effectiveness perception of
executives in selected service centers of Punjab by assessing and validating the
related constructs that have been developed and standardized. Employing a standardized
scale, a diverse sample was collected from executives of service centers of UT,
and a total of 100 responses was collected and evaluated using principal component
analysis to provide a clearer picture of the construct of managerial effectiveness
perception of Indian managers at different levels of hierarchy. The results of the
study provide a comprehensive and fresh in-depth view of managerial effectiveness
in selected Indian organizations as the results of the present study are somewhat
different from those gained with the original scale. An important finding of the
study is reassembling of the variables / items of the original scale with the significant
value and correlation pattern for perception of managerial effectiveness. These
observations ensure for human resource management (HRM) policy and practices in
contemporary Indian service organizations.
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Name | : | A Study on Talent Retention Practices: Fostering Employee Retention |
Author | : | Dr. Yogita Mandhanya |
Abstract | : |
How to retain employees is one of the biggest problem that plague companies in the
competitive marketplace. Not too long ago, companies accepted the "revolving door
policy" as part of doing business and were quick to fill a vacant job with another
eager candidate. Nowadays, businesses often find that they spend considerable time,
effort, and money to train an employee only to have them develop into a valuable
commodity and leave the company for greener pastures. Fast moving markets require
fast-moving organizations that are continually refreshed with new talent. But no
one likes to see talent leave; when a good employee walks, the business takes a
hit. The solution is attractive, effective, compatible talent retention practices.
The study was conducted primarily to evaluate the current human resource retention
practices of companies in automobile sector. The research identified the core elements
of human resource practices, which strongly influence the decision of employees
to retain in the organization. The results indicate recruitment and selection, training
and development, compensation packages, working environment, recognition and rewards
and leadership are significantly related with employee retention policies practiced
by the organization.
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Name | : | Talent Management Practices and Employee Satisfaction: A Study of Selected Cement Industries of Rajasthan |
Author | : | Satish Chandra Agarwal ,Prof. Dr. Rajeev Jain |
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Name | : | Effect of Foreign Exchange Rate on ADR Returns: An Indian Evidence |
Author | : | Dr. Vinod K. Bhatnagar ,Javed Khan |
Abstract | : |
Indian companies can raise foreign currency resources abroad through the issue of
ADRs/GDRs, in accordance with the Scheme for issue of Foreign Currency Convertible
Bonds and Ordinary Shares. This research aims to analyze the effect of Foreign Exchange
Rate on ADRs monthly return for the period 2004-05 to 2013-14. The Augmented Dickey-Fuller
(ADF) technique was used for testing stationarity. The study was causal in nature
and secondary data was used. Population was ADRs listed in Asian Countries. Sample
size was ADRs of top 10 Indian companies. Convenience sampling method was used.
The period of the study was based on 10 years data from 2004-05 to 2013- 14. Data
have been collected from www.StocksAbroad.com and www.oanda.com. We found that the
p-value for both ADR returns and FOREX returns is significant at p value 0.000 and
shows that the datasets were significant at 5% level of significance. Hence all
the series were stationary. Our study revealed that Forex Returns has significant
relation on ADR Return while ADR Returns were not Granger Cause on Forex Return.
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Name | : | Investment in Gold and Stock Market: An Analytical Comparison |
Author | : | Prof. Anil Kothari ,Deepti Gulati |
Abstract | : |
Gold is respected throughout the world for its value and rich history; people have
continued to hold gold considering it as a good avenue for investment. Stock market
investment is considered as one of the best long-term investment. This paper provides
empirical evidence on the relationship between the prices of gold and stock market
index of India and also makes an attempt to compare investment in Gold and Stock
market. The data consists of gold prices and SENSEX index from 1979 to 2013. Over
the period examined, high degree of positive correlation is found between both the
variables and Granger causality test find evidence of unidirectional causality from
SENSEX to Gold Prices. Investment comparison results indicate that investment in
gold is inferior to buy and hold strategy in the stock market over long run.
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Name | : | Human Resource Disclosure Practices in Indian Commercial Banks |
Author | : | Pushpa Yadav ,Priyanka Gite |
Abstract | : |
Human Resource holds strategic position in the present era. The experience, knowledge
and skills possessed by the employees are the real capital, especially for the knowledge
based industry indeed banking industry. It is the main determinant for the productivity,
profitability and sustainability, and forms basis for decision making to the investors
all over the world. Disclosure of such an important element of the organization
is important for information asymmetry. Considering the importance of Banking Industry
in Indian economy and the importance of HR and HR Disclosure in this sector, the
research paper aims to study present position of HR Disclosure Practices prevailing
in Indian Banking Sector, and comparison of HR Disclosure Practices of Public, Private
and Foreign Commercial Banks in India. It comprises study of 11 prominent commercial
banks of India.
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Name | : | Efficiency of Life insurance Companies Operating in Punjab |
Author | : | Dr Sumninder Kaur Bawa ,Nidhi Bhagat |
Abstract | : |
The issue of efficiency is the key concern in the insurance sector. Efficiency helps
to identify the inefficient and efficient insurers in the market to improve competition,
profitability and confidence of the policyholders and the way to improve the efficiency
of the life insurer. The present study is an attempt to determine the efficiency
of life insurance companies and also to give the overview of life insurance business.
Most of the studies have been done at India level and no study could be found that
determines the efficiency at the state level. So, in this study an effort has been
made to get an insight into the level of efficiency, at which the life insurance
companies are operating, with special reference to the Punjab State. The sample
for the study includes all the 13 life insurance companies registered till the year
2003. Data pertaining to seven financial years i.e. from 2006-07 to 2012-13 has
been taken for the analysis. With the help of Data envelopment analysis, a non parametric
technique, technical efficiency of life insurance companies has been determined.
Results of the study found that LIC is found to be efficient in all the years, similarly
in case of private life insurance companies Aviva and SBI were found to be efficient
in the first four years of the study period. In Punjab, the life insurance business
is operating at an average technical efficiency of 55.0 %, pure technical efficiency
67.9 %, scale efficiency of 80.5 %.
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Name | : | Cluster Development in Small and Medium Enterprises: Key to Success Globally |
Author | : | Dr. Ruchi Jain ,Archana Sharma |
Abstract | : |
Small and Medium Size Enterprises have played a pivotal role in boosting the Economic
performance of any country. Indian SMEs are serving as backbone for industrial economy.
Despite of high growth rates Indian SMEs lack behind globally due to various challenges
faced such as lack of Financing, Technological Advancements, Skill Development etc.
Cluster Management is one of the strategy which has been world wide accepted in
improving the functional performance of SME sector.
Clustering offers immense benefits to SMEs organizations as it improves and strengthens the working efficiency by reducing the financial burden at the same time. The paper aim's to study the Role of Clustering in SMEs by examining some recent examples of successful Industries operating globally. The paper also explores different ways of Clustering in SMEs as well as the competitive advantages provided by clustering in various sectors to the Indian SMEs so as to improve its performance on global platform. The results of the study suggest that cluster based approach will not only provide solutions to various problems faced by SMEs but also increase the contributions made by SMEs in the overall economic development of the country. |
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Name | : | Corporate Social Responsibility in India: Revisiting Carroll's Pyramid and The Road Ahead |
Author | : | Ritika Mahajan |
Abstract | : |
Section 135 of the recently implemented Indian Companies Act, 2013 made Corporate
Social Responsibility (CSR) mandatory for a certain category of companies in India
but a debate on pros and cons of mandatory CSR is still going on. Significant issues
in this debate are definition, scope and legitimacy of CSR. The existing definitions
of CSR in the literature are congruent to a large extent but there is no universally
acceptable definition. This paper attempts to present a conceptual view of CSR in
India by tracing its evolution and examining different responsibilities, economic,
legal, ethical and philanthropic associated with it, as proposed by Carroll (1991).
The paper builds up arguments based on literature, supported by observation and
experience of the author and culminates by interpreting CSR as “the commitment of
business to abide by law and to operate in an ethical manner when it has the opportunity
to do otherwise, with identification and exploitation of business opportunities
which generate mutual benefits for business and society.” The paper further proposes
three pillars of CSR for a sustainable business and society
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Name | : | corporate snapshot |
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Name | : | Economic Update |
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Name | : | Stats Window |
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Design/Methodology/Approach: Descriptive research has been applied, describes data and characteristics about the population or phenomenon being studied. The researchers have used primary data through self-constructed structured Questionnaire and as far as the secondary data is concerned that was obtained from web sites, journals etc.Structured questionnaire was constructed to interview the employees of various Educational Institutions on 23 different parameters on Likert's five point scale, which was later reduced to 5 factors by using the statistical technique of factor analysis. Findings:It is found that the employees working in the Educational Institutions are satisfied in terms of Authority and work culture, Relationship with Peers, Salary and Career Advancement, Involvement and Training and Rotation of job.
Research Limitations/Implications: The study focuses on general problems faced by employees in the Educational institution. There might be certain more variables as one employee is satisfied on particular aspect but another may not on the same aspect.