| January 2016 |
| Name | : | Editorial |
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| Name | : | Human Resource Practices as Predictors of Work-Family Conflict and Employee Engagement among Employees in Indian Insurance Companies: An Application of Multinomial Logistic Regression Analysis |
| Author | : | Dr. Sudhir Chandra Das |
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| Name | : | Growth and Development of FMCG Retailing in India: A Study based on Consumers' Impulse Buying Behaviour |
| Author | : | Aparajita Roy |
| Abstract | : |
Retailing in India has been one of the oldest occupations, which was initialized
as family business, run by different members of the family for generations, engaged
in mainly grocery, FMCG or apparel retailing. It was only after liberalization that
organized retailing started spreading its wings and currently it is one of the most
lucrative businesses contributing significantly to the country's GDP. It was during
the 2008 – 2011 recessionary phase that this industry underwent mild difficulties
but since India was not majorly affected as the western world, the retail industry
continued its growth trajectory. This study was conducted with the objective of
understanding consumers' responses to specific visual stimuli as presented by retailers
from time to time within the store and also to find out the various factors that
influence consumers' monthly requirements of FMCG buying behavior from different
organized and unorganized formats of retailing. Primary data was collected from
200 respondents across the city of Kolkata. Regression analysis, to establish relationship
between variables and Factor Analysis, to identify various shopping factors were
done by means of SPSS 20.
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| Name | : | Online Buying Behavior: A Case Study of Jalandhar City in Punjab |
| Author | : | Dr. Amardeep Kaur Ahluwalia, Preeti Sanan |
| Abstract | : |
Role of internet in everybody's life is increasing. It is accessible to almost everyone.
It has changed the way we live. Marketers are also using Internet as the medium
to sell their products to customers. Marketers need to represent their company on
the internet to attract more customers and enjoy larger market share in today's
competitive business environment. So it becomes important for them to understand
the factors which consumers consider while making online purchase. The objective
of this study is to examine the factors influencing online shopping and to find
out that how these factors affect willingness to purchase online. Data was collected
from 200 respondents in Jalandhar city of Punjab with the help of a questionnaire.
Factor analysis and Multiple Regression analysis have been used as statistical techniques
to analyze the data. Results found Website Security, Reliability of the website,
Return and Exchange policy, reasonable prices offered, Customer Services Offered,
Positive Customer Reviews regarding website and informative website are the factors
influencing online buying behavior. Web site security has been found to be the most
important predictor of willingness to buy online.
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| Name | : | A Study of Problems Encountered by the IT Sector in Effective Implementation of Talent Management Practices |
| Author | : | Kavita Rani, Dr. Sanjiv Kumar |
| Abstract | : |
Drawing on the literature on talent management implies that the effective implementation
of talent management practices and strategies in an organization are indeed associated
with the outcomes such as reduction in talent attrition rate and heightened productivity.
The present paper seeks to investigate and explore the problems faced in the successful
implementation of talent management practices. For the accomplishment of this objective,
data were collected from 296 IT Sector employees working in NCR with the help of
self structured questionnaire. Kruskal Wallis H-test, Mann-Whitney test and Rank
Correlation test for agreement in multiple judgments were used for further analysis
of the data. The results of the study highlighted that mangers don't give importance
to develop the employee's capabilities and their career growth which in turn leads
to talent attrition in IT Sector in India. At the same time no significant difference
in the opinions of the respondents were found when we categories them agewise, gender-wise,
marital status-wise etc. regarding different problems. However an exception in differences
in opinion was found among employees with regard to certain problems with respect
to their experience in their current organizations.
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| Name | : | Online Shopping Attitudes of Management Students in India: An Empirical Exploration of Genders |
| Author | : | S M Fatah Uddin, Dr. Mohammed Naved Khan |
| Abstract | : |
Gender is an important variable when attitude is studied in order to understand
the online consumer behaviour deeply. Still attitude has not been explored profoundly
to get better revealing results in terms of online buying. Also very few studies
addressed the gender differences in online shopping attitude, There is a dearth
of literature available on online buying behaviour in Indian context. Considering
attitude as a tri-component construct to contain cognitive, affective and behavioural
constituents, the present study confirms the existence of the same three components.
This study focuses on examining the gender differences across all three components
of attitude to find whether significant differences exist or not. This study differentiates
the three attitudinal components of the model and reveals that the gender differences
were not found to exist between management students towards online buying. The study
is of quite importance as the results add to the current literature with filling
the void at same time in context emerging economy like India.
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| Name | : | Impact of Capital Structure on Firm's Profitability: A Study of selected listed Cement Companies in India |
| Author | : | Mr. Bhushan Singh, Dr. Mohinder Singh |
| Abstract | : |
The objective of this study is to investigate the impact of capital structure on
firm's profitability through the selected cement companies in India. The study is
based on secondary data i.e. five years financial statements collected from PROWESS
data base of CMIE. Based on correlation coefficient, study found a significant negative
relationship between debt and profitability meaning that companies with higher proportion
of debt tend to have low profitability.
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| Name | : | The Dynamics of Stock Market Returns and Mutual Interaction of Stock Indices with Macroeconomic Variables |
| Author | : | Dr. Parimal Kr. Sen, Debojyoti Das, Atanu Pramanick |
| Abstract | : |
The present study endeavors to understand the characteristics of Indian stock market
using a simple conceivable framework. The first section introduces the theme of
the study and the bone of contention. The next section describes the market returns
data characteristics of Indian stock market finding of which shows a contradiction
of the normality assumption of stock returns under Geometric Brownian Motion. Next
segment studies the relationship between stock market returns and some selected
macroeconomic variables which are presumed to have significant bearing on stock
market. Correlation results exhibited that Consumer's Price Index is significantly
negatively correlated and Exchange Rate is significantly positively correlated.
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| Name | : | An Empirical Study of Impact of Demographic Variables on Consumer Preference towards Tribal Handicraft – A Case of Rayagada District during Chaiti Festival |
| Author | : | Debasis Pani, Dr. Sunil Kumar Pradhan |
| Abstract | : |
India has the largest concentration of tribal population in the world and their
lifestyle is very close to the nature. Likewise in Odisha, especially KBK (Undivided
Koraput, Bolangir and Kalahandi) district has got unique identity for its tribal
population and lifestyle. They are very sensitive to their typical culture and less
prone to change. But the tribal of these areas posses specialized skills in the
form of handicraft, which pass from one generation to another and is a source of
their livelihood. Handicrafts are mostly defined as "Items made by hand, often with
the use of simple tools, and are generally artistic and/or traditional in nature.
They are also objects of utility and objects of decoration.” Moreover through these
handicrafts, the tribal artesian can empower themselves because these products get
huge response from the urban consumers, hence it becomes a source for their income
earning.
This paper aims to study, how the demographic attributes like age and gender influences consumer preference towards tribal handicraft products and to know various attributes, which have a larger impact on purchase of tribal handicraft product. Though the study was undertaken in Rayagada district (undivided district of Koraput) during Chaiti festival, its scope is limited to the same district. The nature of this research is a descriptive research. A structured questionnaire was used to collect data. The survey instrument was subjected to overall reliability. The data was gathered through a five point Likert scale questionnaire from 150 respondents. Mean, Standard deviation, one way ANOVA and Regression analysis were carried out to serve the purpose of study. |
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| Name | : | Firm Size and Profitability in Indian Automobile Industry: An Analysis |
| Author | : | Neeraj Kumar, Dr. Kuldip Kaur |
| Abstract | : |
Present study is an attempt to test the size and profitability relationship in the
Indian automobile industry. The empirical evidence on size and profitability is
vast and showed variations in results; few reported positive and few negative relationships
between size and profitability. To analyze the relationship, the linear regression
model has been employed over the years 1998 to 2014 as well as cross-sectionally.
For profitability, ratio of net profit to total sales turnover and ratio of net
profit to net assets plus working capital has been used whereas firm size is represented
by total sales turnover and net assets. The study found mix results; time-series
analysis showed the positive relationship and cross-section analysis showed that
there exists no relationship between firm size and profitability.
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| Name | : | The Impact of Leverage on Shareholders' Wealth of Automobile Industry in India: An Empirical Analysis |
| Author | : | Dr. N. S. Pandey, M. Prabhavathi |
| Abstract | : |
This paper is to examine the impact of leverage on shareholders' wealth of Automobile
Industry in India. The investigation is conducted on a panel of 12 firms of automobile
industry which listed their share in CNX Auto of NSE in India for the period 2003-04
to 20012-13. The impact of leverage on shareholders' wealth measures Operating leverage
(OL), Financial leverage (FL), Combined leverage (CL), on return of capital employed
(ROCE), using regression technique. The inferences of the selected sample firms
of automobile industry that the simple and multiple regression inferred that Return
on Capital Employed (ROCE), Return on Equity (ROE), Return on Debt (ROD), Net worth
(NW), Reserve Fund (RF), Borrowings (B), Investment (I) as well as Gross Fixed Assets
have significant impact of FL which means that the debt cost is strongly associated
with the returns of the firms.
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| Name | : | Analysis of Gaps in Customer Services – A Study of selected Telecom Service Providers in NCR |
| Author | : | Dr. Meera Arora |
| Abstract | : |
With liberalization and subsequent de-monopolization in the telecom service segment
in India, the development of the telecom sector has experienced a major process
of transformation in terms of its growth, technological content, and market structure
in the last decade. The momentum of these changes is expected to continue, and at
a much faster pace. As the market scenario changed from that of single-player to
multi-players, the level of expectations of the users has also increased, since
in a competitive environment, the consumers not only have luxuries of choice but
also have enough freedom to exert their preferences and thus enjoy a higher bargaining
power.
To match the expectations of the consumers, the Indian telecom service providers, have become more sensitive and responsive to the customers' needs and choices and endeavor to give them greater satisfaction by providing them with a plethora of value additions, apart from the basic service offerings The study aims to analyze that whether with the increase in competition in telecom services, higher levels of consumer satisfaction with affordable prices and improved quality of services is achieved by telecom service providers or not. |
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| Name | : | Grievance Redressal Mechanism in Indian Life Insurance Industry: An Exploratory Study on Quantifying Relationships |
| Author | : | Prof. R. C. S. Rajpurohit, Ranu Nawal |
| Abstract | : |
Excellent customer service is the vital key for survival and growth of business
in today's competitive era. Customer Relationship Management becomes more important
in case of market driven and people- centric service sector like insurance. In insurance
sector, CRM cannot be achieved without having an effective procedure for redressing
the complaints of dissatisfied customers. The study is based on the secondary data
collected from IRDA annual reports and research papers from various journals. The
study evaluates the performance of the Life Insurance sector regarding redressal
of grievances escalated to IRDA. The study also presents a comprehensive view of
grievance redressal procedure followed by LIC of India, the only public sector life
insurance company working in India. An effort also has been made to find out relationship
between number of policies sold and grievance received to find out the ith year
in which grievance is likely to come.
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| Name | : | Porter's Five Forces Industry Analysis of Indian Passenger Car Industry |
| Author | : | Dr. Jeannie Bhatia |
| Abstract | : |
Passenger car industry is one of the key industries in India as well as the world.
Since the compulsive and ambitious structural adjustment programme of Indian government
aimed at economic liberalization in 1991, the Indian car industry has sailed along.
With the reforms in economy and the sector, the car market with significantly low
penetration level immense market size, coupled with rise in the per capita and disposable
income of the working population, has made it an attractive destination for global
automobile players. Considering the significance of the sector at the global level,
the present analytical study was undertaken to analyze the recent trends and provide
a situational inventory based on Porter's five forces model. The analysis findings
suggest that the overall attractiveness of the Indian car industry in the present
scenario may be rated as moderate. Though, with the projections pertaining to the
expected growth rate in the coming years and potential in the niche Indian rural
market along with the favorable government initiatives the axis of the attractiveness
would fall on the higher side.
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| Name | : | The Coevolution of Global Entrepreneurs and Worldwide Technology Hubs |
| Author | : | Gene F Brady, Shyam Lodha |
| Abstract | : |
In this paper we identify several characteristics of complex adaptive theory (CAT),
a derivative of complexity theory (CT), and discuss these characteristics as they
relate to worldwide high technology hubs (hi-tech hubs), and the subsystems, i.e.,
global entrepreneurs, which occupy these hubs. Seven case examples of live hi-tech
hubs are then briefly reviewed in order to observe their behavior within the context
of CAT. Our analysis reveals common threads that run through our samples, and possibly
through global hi-tech hubs in general. We discuss the implications for future research
and theory-building.
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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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Research Philosophy and Strategy:Underlying principle of the study is deterministic philosophy based whereas the paper highlights established causes with outcomes. The study applied Multinomial Logistic Regression (MLR) model which is one of the important methods for categorical data analysis experimented with ten well practiced HR issues namely job design, flexi-schedule, working conditions, performance appraisal, remuneration, job security, T & D, workforce planning, stress management and employee well-being. The data set of the study consist 220 respondents from 20 insurance companies (public and private) located at Kolkata region, West Bengal.
Conclusions and Implications:The conclusion from the study is based on Indian and western literature also through empirical evidence that perceived HR practices are quite impressive for employee engagement but consequential outcome on family domain seems quite dark. The study found that four out of ten select HR practices namely job design, flexi schedules, compensation and training and development does not have any impact on work family conflict and to be considered as finest HR indicators. But performance appraisal, compensation system, stress management and manpower planning projects non-influential practices in case employee engagement. The study would be beneficial for the insurance HR professionals to relook and re-shape their existing HR practices vis-a vis work life balance policies.
Scope for Further Study:Although above relationship based on limited indicators, therefore difficult to generalised, so structural equation modelling could be used to test more focused relationships embedded within HR practices and Work Family Conflict/Employee Engagement. Additional research could also be conducted to determine the causal influence and temporal dynamics of the relationships between engagement, and work family conflict.