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Editorial Board A Refereed Monthly International Journal of Management
Prof. B. P. Sharma
(Editor in Chief)
Prof. Mahima Birla
(Group Editor)
Dr. Khushbu Agarwal
(Editor)
Ms. Asha Galundia
(Circulation Manager)

 Editorial Team

Dr. Devendra Shrimali
Dr. Dharmesh Motwani
Mr. Jinendra Vyas
 
                                              
April 2015

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 Name : Consumer Perception towards Green Products: A Factor Analytic Approach
 Author : Dr Bikramjit Singh Hundal , Vikas Kumar
 Abstract :
This study aims to put forth the concept of Green marketing. Indian industry has been fast growing. Customers are changing their perceptions towards the products preferring environment friendly products because there is a growing awareness to protect the environment. As resources are limited, it is important for the marketers to utilize the resources efficiently. Promotion and adoption of green products & technologies is necessary for conservation of natural resources and sustainable development. As a result, companies are increasingly using strategies for the promotion of adoption of green products and services. However, the acceptability of green marketing concept is still lacking among the consumers reason being lack of awareness about eco friendly products and services, in-effective advertisements by manufacturers, lack of standardization of government rules and regulations. So, the present paper tries to identify the customer perception towards eco-friendly products with the help of factor analytic approach. Seven factors are manipulated in this research paper which is Desire, Trustworthiness, Preference, Ethical, and Awareness, and Initiative, Social welfare for result. For this purpose, a sample of 100 graduates and post graduate students from Amritsar (Punjab) were taken.
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 Name : A Study of Factors Associated With Heritage and Pilgrimage Tourism in Madhya Pradesh
 Authorhor : Dr. Shikha Chaturvedi , Dr. B.K. Tripathi , Dr. A.K. Singh
 Abstract :
Madhya Pradesh is one of the largest states of India and is aptly called the Heart of India. This state is a wonderful amalgamation of rich past, fascinating scenic beauty and strategic urban planning. There are many architectural monuments and heritage sites that can be found in the various towns of Madhya Pradesh. There are also lots of pilgrim sites that are located in Madhya Pradesh and attract many pilgrim tourists. The present study aims “to identify the factors associated with heritage and pilgrimage tourism in Madhya Pradesh. It has been noticed that inspite of having mystical attraction MP has still not got response from the tourist thus this study will find out the factors which enhance the public image of MP tourism industry; For this purpose, the data is collected from 320 tourist from six destination of Madhya Pradesh i.e Khajuraho, Mandav, Gwalior, Omkareshwar, Sanchi and Ujjain on a 5- point likert scale. The data so obtained is analysed by using Factor analysis technique. From the Factor Analysis, the data obtained from the respondents showed that perceived attractiveness depends on six factors of tourist attributes out of fifty-one attributes. The factors, which have been highlighted for MP Heritage and Pilgrimage Tourism being considered as Protected and Peaceful Ambience, Hygienic Amenities, Information Dissemination, Infrastructure & Hospitality, Allied Services, and Eco-cultural Attractions.
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 Name : A Study on Work–Life Balance of Women Employees in Selected Service Sectors
 Author : K.Thriveni Kumari , Dr.V.Rama Devi
 Abstract :
In the recent times, the issue of work-life balance has gained more attention due to the reason that an individual's work life and personal life may present conflicting demands on one another while the demands from both the spheres are equally important. Work-life balance refers to maintaining the balance between performing roles and responsibilities at work and at home. Work-life balance is one of the most challenging issues being faced by the women employees in the 21st century. This problem is more for women employees because of the type of roles they play at home and the spillover of personal life over work life and vice-versa.
Based on the contemporary issue of work-life balance of women employees, the present research is done. The study aims to examine work-life balance of women employees and analyse various factors affecting work-life balance. The women employees in Bangalore city constitute universe for the study. The researcher has drawn 360 women employees working in various sectors like banking, insurance, IT, BPO, health care and education constituting 60 employees from each sector for the purpose of the study. Data was collected with the help of a structured questionnaire and data was analyzed using statistical tools like ANOVA and Mean score. The study revealed that the levels of work-life balance of women employees in select service sectors of the study are significantly different.
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 Name : Disclosure Pattern of Carbon Risk Factors: Case of Twenty High Performing Companies in India (As per Carbon Disclosure Project Report, 2013)
 Author : Monika Soni , Dr. Shurveer S. Bhanawat
 Abstract :
With the increasing adverse effects of climate change, the companies are becoming pro active and taking efforts and measures to mitigate the climate change. Moreover, it is becoming vital for the companies to disclose their environmental performance to the stakeholders. Investors are demanding the companies to go for climate change related disclosure and more specifically about the carbon risk related disclosure practices. Many Indian companies are doing this voluntary and supplying such information to the carbon disclosure project (CDP) organization. Carbon disclosure project (CDP) is an international, notfor- profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP evaluates companies on the basis of their response to the climate change questionnaire and ranks them as per their disclosure score. In 2013, CDP sent the climate change questionnaire to 200 companies in India (based on market capitalization). Out of which, 55 companies responded. The list of top 20 Indian companies having high disclosure scores is furnished by the CDP. This paper analyzed the sustainability report of all the top 20 companies in order to find out common carbon risk disclosure factors. In order to bring the uniformity in the disclosure practices, important carbon risk factors are identified and suggestion is made that all information related to the identified factors should be mandatorily furnished by top performing companies in India.
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 Name : Critical Success Factors of Implementation of Six Sigma in an Auto Ancillary Unit
 Author : Dr. Sharad Chaturvedi
 Abstract :
This paper attempt to study the critical success factors of Six Sigma in an auto ancillary unit to observe the gaps between Six Sigma theory and execution, and to understand the primary drivers for business process improvements. The paper focus on basic concepts of Six Sigma and success factors, that seems to be consistent among Six Sigma organizations. The exploratory research has been carried out to understand the factors related to success of six sigma in an auto ancillary unit. The executives and employees from the industry, where six sigma has been deployed as quality initiative were contacted to make the result of study more general and applicable to all business units. The major success factor turned out to be the Top management leadership and their visible support, followed by the customer management system.
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 Name : Diversity Management - A Blend of Literature
 Author : Sunita Ramsiary , Dr. R. Prabhakara Raya
 Abstract :
Diversity Management (DM) has been observed in various dimensions. Diversity as an expression is being used in every sector, whether; it may be political, social, educational or corporate to encourage an environment of inclusiveness. In this interconnected world, diversity has become the norm-not exception for organizations and acts as a driving force to grow and sustain in the competitive global marketplace. Most of the fast growing organizations today require constant creativity and innovation combined with a continuous learning process. The observed existence of diversity highlights the necessity for managing it effectively, hence Diversity Management (DM). Government of each and every countries have put up rules and regulations ensuring that people are taken into account based on diversity, likewise Indian government have also levied number of rules mandatory for the organizations to follow. Few of them may be equal pay for both gender in the working section of the society irrespective of caste, creed; proper recruitment system following quota system for under-privileged group of society. Though a deeper insight is required in the Indian context on the concept of DM there has been a sprinkling attention on DM. In this paper, the genesis of diversity management as a management concept has been brought about along with the various dimensions of workforce diversity. Basically it is an attempt to present the blend of literatures pertaining to importance of diversity management practices in organizations. Along with it the kind of impact DM has on organizational performance is being highlighted. Implications of DM are further discussed followed by discussions and conclusions.
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 Name : Banking Awareness of The Residents in The Present Financial Inclusion ERA in Nagapattinam District, Tamil Nadu
 Author : Dr. S. Rajaswaminathan
 Abstract :
Reduction of poverty has been an essential objective of development policy since the inception of planning in India. Poverty Eradication, Employment Generation Programmes have been in operation since the post-independence of India, even though poverty and social exclusion continue to dominate socio-economic and political discourse in India. Financial Inclusion and Banking reforms attach vast significance to eradicate the poverty across states and the rural-urban areas. Despite being one of the ten fastest growing economies of the world, India is still home to one-third of the world's poor. In developing economies like India, the banks have been playing a major role as mobilisers of savings and allocators of credit for production and investment. In case of population who are being poor and illiterate, their banking awareness is supposed to be low due to their lack of knowledge of the financial services offered by the banks and financial exclusion. Henceforth, this paper attempts to identify the banking awareness of the residents in the present financial inclusion era in Nagapattinam district, Tamil Nadu.
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 Name : A Comparative Evaluation of Financial Performance and Soundness of Selected Public and Private Life Insurers in India
 Author : Showket Ahmad Dar , Javaid Ahmad Bhat
 Abstract :
In recent times, the insurance industry in India has been going through a lot of changes which appear to have increased the vulnerability of this sector. In particular, the cross-holding of shares between banks and insurance companies and the close business connection between the two industries increased the risk of contagion. Further, the need to achieve competitive returns induced insurers to invest in risky assets which resulted in their further vulnerability to economic shocks. Therefore, against the backdrop of high risky nature of this industry and the growing scepticism regarding the working of companies in this sector, this paper evaluated the financial performance and soundness of selected public and private life insurance companies. In this paper a set of ratios have been presented and discussed to lend a hand in the analysis of a life insurer's financial and statistical returns. Three parameters taken from CARAMEL model have been used to analyse and evaluate the financial performance and soundness. The three indicators are “Capital Adequacy”, “Earnings and Profitability” and “Liquidity”. The study framed three hypotheses to achieve the key objectives. Statistical results of the study reveal that there is statistically a significant difference between capital adequacy, earnings and profitability and liquidity position in selected public and private life insurers. The overall results reveal that the capital adequacy level of selected private life insurers is far better than the mean capital adequacy level of public life insurer. However, in terms of earnings and profitability, the public life insurers have outperformed the private life insurers during the period under review.
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 Name : Impact of Global Financial Crisis on Sectoral Composition of Foreign Institutional Investments in India
 Author : Dr. Rekha Mehta , Akansha Jain
 Abstract :
In this paper, impact of FII on sectoral composition will be discussed, because Foreign Institutional Investments have a great impact on Indian market since 1993 but during global financial crises FIIs had shown negative as well as positive impact in the economy which fluctuate with fluctuating behaviour of FIIs inflows. Therefore, it is necessary to examine impact of FIIs on different sector of India during 2007 to 2013 and to understand their investment pattern in debt and equity.
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 Name : Determination of Crude Oil Consumption in India
 Author : Dr. N.K.Dashora , Sunil Kumar
 Abstract :
Recent upheaval in the crude oil price in international market has created renewed interest in the data analysis. But even before this, the energy reports generated internationally have squarely yelled about growing crude oil consumption in India and China. India's share of global demand rises to 8% in 2035, accounting for the second largest share of the BRIC countries with China at 26%, Russia 5%, and Brazil 3%.The object of this paper is to find out whether the price changes and income changes have the same impact on the elasticity of consumption as shown in the theory of elasticity of demand. The yearly data used are from 1985 to 2013.The log value of consumption, income and the adjusted inflation price gives the best results. The coefficient values have been estimated for price and income elasticity.
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 Name : An Empirical Analysis of Price Discovery in Spot and Futures Market of Gold in India
 Author : Joshy. K.J , Ganesh L
 Abstract :
The study aims at analyzing the price discovery process of gold in Indian commodity market. It also examines the long run dynamic relationship between spot and futures markets and looks into the volatility impact of futures price on spot price as well as the volatility impact of spot price on futures price. The study is based on the secondary data obtained from the official website of NCDEX during 2008 to 2012. In order to test the hypotheses different econometric tools are employed. The Johansen co-integration reveals the dynamic relationship between spot and futures markets. The results of VECM indicate that the spot market is dominant in the price discovery process. It implies the information efficiency of spot market. The findings of GARCH model highlight the significant price volatility impact of both futures and spot market prices on the returns. The findings are very significant for investors, marketers and policy makers since it provides a reliable forecast of spot prices in the future which allow them to effectively manage their risks in the production and marketing process. The unprecedented uptrend and high volatility in the gold prices in recent years has very significant social implications too.
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 Name : A Study on the Impact and Perception towards the Implementation of International Financial Reporting Standards (IFRS) on Indian Corporate Sector – A Case Study
 Author : Dr. M. Muniraju , Ganesh S.R
 Abstract :
Globalization has laid down a way for all the countries to adopt a single set of accounting standards. Recent years have seen major changes in financial reporting worldwide under which the most obvious is the continuing adoption of IFRS worldwide. More than 130 countries have converged or recognized the policy of convergence with the IFRS. An upcoming economy on world economic map, India, too, decided to converge to International Financial Reporting Standards (IFRS). In India, ICAI has decided to adopt the IFRS by April 2011 but still there is no growth in the implementation of IFRS. The purpose of the present paper is to measure the impact of IFRS convergence on key financial ratios in India and to know the perception of stakeholders towards the implementation of IFRS. For the First objective, IGAAP consolidated financial statements and IFRS financial statements of Wipro Limited from 2011-12 to 2013-14 has been analyzed by applying several ratios. And the second objective, questionnaire was framed to take views of 109 chartered accountants on the perception towards the implementation of IFRS in India. The researcher found the various reasons for the differences for the changes in the key ratios between IGAAP and IFRS and lot of positive response from the chartered accountants towards the implementation process. Finally, conclusion has been drawn in favour of IFRS convergence.
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 Name : Determinants of Foreign Direct Investment (FDI): Evidence from Bangladesh
 Author : Md. Qamruzzaman
 Abstract :
The aim of this paper is to assess the relative importance of trade and foreign exchange liberalization, infrastructure availability and economic and political stability in Bangladesh with respect to FDI. The analysis is conducted for total FDI and for FDI in manufacturing for period 2000-2013. The results show that trade and foreign exchange liberalization, infrastructure availability and sound economic and political conditions increase FDI inflows. Their effects are much higher for FDI in the manufacturing sector than for total FDI. This result is robust to alternative indicators of trade and foreign exchange liberalization, and to change in the specification. The message to Bangladesh's policy makers is twofold. First, efforts toward trade and foreign exchange liberalization should be initiated or further increased in order to make the region attractive to foreign investors. Second improvements in other aspects of the investment climate are important complements to liberalization and result in additional and sensitive increase of FDI inflows.
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 Name : Bio Medical Waste Awareness and Implementation Gap-Bridging the Gap “Cleanliness is next to Godliness”
 Author : Prof. Karunesh Saxena , Karuna Rathore
 Abstract :
A study has been carried out to ascertain, level of awareness about Biomedical Waste Management and the compliance to proper segregation and management. It was carried out in a private tertiary care 150 bedded hospital located in Udaipur, India to assess the awareness and attitude of the hospital staff, to document the ongoing practices, enlisting the deficiencies, to identify the root cause of non-compliance and to suggest measures to improve biomedical waste management compliance. An anonymous questionnaire survey was conducted to determine the awareness about the BMW policies and practices, their perception about BMW and level of on ground practices were monitored by observation method. Various training program were done and education material was displayed in the hospital. After the corrective measures were done the result shows improvement of 13%. The study shows that there is no specific strategy exists but an urgent need to increase awareness and regular audit is key to success.
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 Name : Pradhan Mantri Jan DhanYojana : Need for a Strategic Action Plan
 Author : Amrit Patel
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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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