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

 Editorial Team

Dr. Devendra Shrimali
Dr. Dharmesh Motwani
Mr. Jinendra Vyas
 
                                              
February 2016

 Name : The Impact of Leverage on Shareholder's Wealth of Automobile Industry in India: An Empirical Analysis
Author : Dr. N. S. Pandey ,M. Prabhavathi
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 Name : Study of Determinants of Textile Exports of India: A VECM Approach
 Author : Ishfaq Ahmad Thaku
 Abstract :
Exports are considered as viable mode of integration for the developing economies into world economy. It is imperative for developing countries to concentrate in those sectors in which they possess comparative advantage. Textile industry is an important industry and is considered vital for the developing economies due to its labour-intensive and highly export intensive nature. Textile industry is one of those sectors that have played pivotal role in the industrial development of various economies particularly that of China. However, despite possessing almost equal resources and the strength in textile industry that of China, India's performance in textile trade is dismal. Therefore, the present study made an endeavour to find the main determinants of exports and their impact on textile exports of India. The determinants that have been taken are FDI, productivity, capital intensity, exchange rate and MFA phase-out. In this study vector error correction model (VECM) and Granger-Causality test has been applied to achieve the said objective.
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 Name : Analysing Productivity of Scheduled Commercial Banks in India: An Insight into Rural Branches
 Author : Dr. Aparna Bhatia,Megha
 Abstract :
Scheduled Commercial Banks (SCBs) are often reluctant to operate in rural areas, as they are not able to generate enhanced productivity due to lack of economics of scale. But for financial inclusion of the population, it is very much desirable that SCBs extend their operations in rural areas. As a motivational strategy, Reserve Bank of India permitted SCBs to open rural branches without its prior permission from 2009 onwards. But, without minimum productivity cut off being achieved by these branches, it is infeasible to expand branch network into rural areas. Hence, the present paper analyses the productivity performance of rural branches of SCBs in India from 2004-05 till 2011-12. The paper also determines whether the performance of rural branches of SCBs significantly differs from pre permission period i.e. subject to getting the permission from RBI to open bank branches and post permission period i.e. without getting the permission from RBI to open bank branches.
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 Name : Clean India Mission: A Challenge, Responsibility or an Opportunity?
 Author : Jyoti Kumari
 Abstract :
“Swachh India, Swasth India” This paper attempts to provide some facts about the 'Clean India Mission' regarding its image as a challenge, responsibility or a biggest opportunity. This paper is going to discuss the significance of clean India mission. It attempts to answer whether this mission is a challenge, responsibility or opportunity in front of people and the government. The objective is to find out the root cause of all around dirtiness, to investigate whether waste is actually waste or wealth and to deal with the environment friendly management of waste, which can act as a big opportunity in the growth and prosperity of Indian economy. This is an exploratory paper, which explores the idea behind launch of this mission and suggests remedies to deal with the filth. The paper concludes that the waste is actually not the waste but the wealth of the nation if treated timely & scientifically and the mission is not the challenge but the responsibility of the people and opportunity for the growth and development of the country.
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 Name : Comparative Study on Dynamics of CBOE VIX® and India VIX
 Author : Priyanka Sharma
 Abstract :
The present study endeavors to compare the dynamics of CBOE and India VIX using a simple plausible framework. The study by way of showing graphical analysis for visual inspection, comparison of descriptive statistics and check of normality assumptions shows that the volatility indices of both CBOE and NIFTYshows similar features. It is more sensitive towards the negative shock in stock prices as compared to positive jolts. The instances of asymmetry between stock index and VIX as reflected by the previous studies also found to be present over the period of study.
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 Name : Empirical Validation of Dimensionality of Loyalty in the Indian Context
 Author : Harsandaldeep Kaur,Nidhi Sabharwal
  Abstract : Customer loyalty is important strategic objective for all managers. Loyal customers build businesses by buying more, paying premium prices and act as advocates of their products/services resulting in increased number of customers for the firm. Consensus is absent in the marketing literature on how loyalty should be conceptualized and measured. The objective of this study is to empirically test and validate four-dimension scale of loyalty that reflects Oliver's (1997) conceptualization of a sequential loyalty chain. Data collected from 120 mobile phone users in India was analyzed using factor analysis and confirmatory factor analysis to test the proposed conceptualization of loyalty. The findings suggest existence of loyalty as a fourdimensional construct consisting of cognitive, affective, conative and action loyalty.
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 Name : Influence of Policyholder Satisfaction with Service Quality in Rural Postal Life Insurance of Tamil Nadu Central Region
 Author : B. Muthukrishnan,Dr. S.A. Senthil Kumar
 Abstract : This study attempts to examine the influence of service quality on policyholder satisfaction in Rural Postal Life Insurance (RPLI). This study focus service quality measurement scale consisting of five dimensions is tangibility, reliability, responsiveness, assurance, and empathy to measure rural postal Life insurance service. The researcher has adopted simple random sampling to decide the number of policyholders to be chosen from the total population size. The sample sizes are 142 rural postal life insurance policyholders. Researcher used multiple regressions model adopted in this study. The result reveals that, the policyholder satisfaction is highly influenced by assurance than other variables and service quality dimensions positively influence policyholder satisfaction.
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 Name : A Demographic Study on Organizational Climate: Indian vs. Multinational IT Companies
 Author : Ms. Jaya Ahuja,Dr. Vani Narula
 Abstract : Organizational Climate is not a new phenomenon. It is an individual construct and related to perception. It has shown its importance as described by various studies made on culture and climate. IT companies have contributed highly to the growth of the economy. IT sector has generated jobs; the sector would see a growth of 10 million direct employments and 20 million indirect employments by 2020 (Nasscom Report). India has seen a boom in the IT sector from 1990's. The present study tries to compare the perception of employees on organizational climate in Indian and Multinational IT firms. These are defined as Indian IT firms with the company headquarters being India and Multinational IT firms which are headquartered in any other country. The objective of the study is to identify the perception of employees at different demographic levels like managerial positions, marital status, age groups. There are varying results in the perception of organizational climate among the employees with different positions, age groups and marital status.
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 Name : Training and Performance: Can Job Fit Act as a Mediator? A Review
 Author : Zahid H. Bhat,Dr. Riyaz A. Rainayee
 Abstract : There is a clear connection between employee training, person-job fit and performance. The association between training and job performance has been the main concern of scholars and practitioners over the times. This paper presents a review of the relationship between training and performance and also examines the mediating role that person job fit may play in the relationship between these two. Literature suggests that training to a big extent is a determinant of employee performance. The review has also revealed the importance and purpose of training in organizations, and how it contributes to employee performance. The review so far, reveals a seeming consensus in the belief that there is a positive relationship between training and employee performance and also that training develops the skills, knowledge, abilities and competencies of the employees. In addition, person job fit was found to be associated with positive employee outcomes in terms of increased employee performance, job satisfaction, and motivation. Based on the review of past studies, this paper proposes the mediating role of person job fit in determining the indirect relationship that may exist between training and performance.
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 Name : Socio- Economic Empowerment of Women through Self Help Groups: An Empirical Analysis
 Author : (CMA) Dr. Meenu Maheshwar,Shobhna Goyal
 Abstract :
Aim of the Study: Women emancipation and Inclusive growth have grabbed the attention of developmental economists the world over and has been on a priority in order to alleviate poverty and reaching to the most disadvantaged section of the society through formal financial institutions. For this dual objective microfinance interventions have been suggested as a measure. As through microfinance the landless labourers, marginal farmers and women can be roped in the formal financial system which has been a neglected area by the commercial banks as they are reluctant to tap this area due to high transaction costs and unassessibility. This paper attempts to explore one such microfinance intervention in the name of Self Help groups in Mewat district of Haryana and the role of SHGs in the socio-economic upliftment of women in this area which is known for the intense backwardness and the lowest female literacy rate. SHGs have been successful mainly in giving them a voice in their family, Govt. Offices and in the society against evils and violence and in making them financially independent up to some extent still there is a lot needed to achieve women emancipation. The paper will come up with some recommendations for the effective and efficient implementation of this microfinance intervention. Keywords: Microfinance, SHG, Women Emancipation
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 Name : Compensation Policy a Tool ; Fostering Employee Retention
 Author : Dr. Yogita Mandhanya
 Abstract :
In a world of mom-and-pop operations, offering competitive employee benefits is what will set one business apart from another and will attract and retain valuable employees. This trend is evident even in times of economic recession. Viewing the same phenomenon from a different perspective, organizations today are at greater risk of losing capable human resources to other organizations. The keyword in terms of human resource management is 'Employee Retention.' Employee turnover hike the costs of any organization. An insight to which are the most effective retention strategies that can have a long-term impact. Compensation is the most important factor favoring employee retention. The purpose of the paper is to highlight the importance of designing an effective compensation as a key to retain employees. Compensation might not be the most important factor in determining whether an employee will stay with you, but it can tip the balance. The study comprises of a sample of 300 employees from automobile sector. This study explores the relationship between compensation policy and employee retention in Automobile sector. The sample size consists of 300 employees. Data was analyzed with Descriptive Statistics. Pearson Correlation Coefficient was employed to establish the relationship among the variables. The findings indicated that effective compensation package had positive relationship with employee retention and thus affects employees' decision to stay in the company. The implication of the study is that, the management should provide effective working environment to retain employees. Finally the study also recommends that thriving and friendly environment should be provided at the workplace to make employees more satisfied to remain in the company
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 Name : Impact of Multi Fibre Agreement (MFA) Phase out on Indian Textile Exports
 Author : Greeshma ManoJ, S. Muraleedharan
 Abstract :
The Multi Fibre Agreement (MFA) and the system of bilateral quotas that had governed the global trade in textiles and apparel for the past forty years came to an end and were replaced by the Agreement on Textiles and Clothing (ATC) on Jan 1, 2005. The dismantling of quota restrictions had brought about a significant change in the structure of worldwide trade in textiles as there are no quota barriers for the export of textiles and apparels and the hitherto protected textile industry would be exposed to international competition. The withdrawal of the MFA had brought back the comparative advantages of developing economies to large labour surplus economies such as China and India. Since India has a natural comparative advantage in cotton and cottonbased fibres, abolition of the MFA had an implicit potential to benefit India's cotton industry as well as cotton based textiles and clothing sectors. Compared to the competitors India enjoys certain advantage in the production of textiles and clothing. At the same time, Indian textile industry is also facing many challenges in the domestic and export front in the changed scenario. In the given context, the present study attempts to analyse the export performance of Indian textiles in the post quota era. Export performance has been analysed in terms of change in the composition and destination of Indian textile exports in the post MFA period. The period of study is from 1990-2012. In order to examine the impact of quota removal (MFA), the study period have been sub-divided into Pre-MFA (1990-2004) and post MFA (2005- 2012) The study is based on secondary data drawn from Ministry of Textiles, RBI and WTO. The study found that Compound Annual Growth Rate (CAGR) of Indian textile exports were low during the post MFA period compared to pre MFA. If we compare the average export value during the study period, it can be seen that the mean value of textile exports are higher during the post MFAcompared to pre MFA period. Among the different sub sectors highest mean value was recorded in readymade garments followed by cotton textiles and manmade textiles during the post MFA period. Analysis of percentage share of different subsectors during the study period show that readymade garments still constitute the largest share in terms of overall textile exports followed by cotton textiles and manmade textiles. As far as the destination of exports are concerned, USAcould maintain its position as the largest destination for Indian textile exports in the segment of textiles, readymade garments, coir and carpets even during the post MFA period. Emergence of UAE as the single largest destination for cotton textile exports in the post MFA period is noteworthy. It can also be seen the emergence of new trading partners like Turkey (jute textiles and manmade textiles), Egypt (cotton textiles) and UAE (cotton textiles and readymade garments) in the post MFAperiod.
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 Name : Measurement of Customer Satisfaction Towards the Services of Public Sector Banks
 Author : B. Ravi Kumar
 Abstract :
The purpose of this research is to know the customers' perception towards the services rendered by the public sector banks and to recognize the draw backs for improving the quality of services of public sector banks. The basic intention of the researcher/s is to measure the customer satisfaction by using customer satisfaction index (CSI) method. The factors pertaining to the services of banking sector were taken for the purpose of the study by interviewing the banks' managers and employees who influences the customer satisfaction. In order to collect the information a well structured questionnaire was developed and non -probability sampling methods were taken into consideration. 120 existing respondents/customers of SBI and Andhra Bank who are utilizing the services of two nationalized banks in Chandragiri area were contacted directly by face to face interview method through a pretested questionnaire for collecting the primary data. The analysis of this study will be helpful to find out the reasons for the dissatisfaction of the customers and to suggest for the improvement of the quality of banking services of selected banks in order to satisfy the customers more.
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 Name : Impact of Quality of Work life on Overall Job Satisfaction Level and Motivational Level: A Study of Government Universities in Punjab
 Author : Dr. Kawaljit Kaur
 Abstract :
The present study is an endeavour to examine Quality of Work Life of faculty members of Government and Private Universities in Punjab. To identify the factors affecting quality of work life of university teachers and to study the impact of quality of work life on overall job satisfaction level and motivational level among teachers of universities. The universe of the study comprises of faculty members working in government universities of Punjab. Universities were selected on the basis of quota sampling and respondents were selected on the basis of random sampling. Major findings of the study showed that public sector employees are motivated if supportive work environment is provided. They make positive choices and do not follow rat race. They want respect in their work and quality time. Public Sector University teachers were found to be satisfied with coworkers behaviour and job security
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 Name : An Application of Porter's Diamond Framework: A Case of Sports Goods Cluster at Jalandhar
 Author : Dr. Priya Jhamb
 Abstract :
Porter (1990) in his book 'The Competitive Advantages of Nation' developed a diamond model in order to examine and investigate the reasons for the success of an industry in a specific region in comparison to the others. Porter found that industries rather than the nations are the one that compete and clusters have an important influence in improving the competitive advantage of the industry. The present study aims to apply Porter's diamond model to identify the sources of competitive advantage of the cluster. The study is conducted on sports goods cluster of Jalandhar to understand the measures for improving its competitiveness. The study analyzes each of the four determinants of the diamond model to understand which determinant gives the competitive advantage to the cluster. The study proposes various strategies to create and upgrade the sustainable competitive advantage of sports goods cluster at Jalandhar. In order to fulfill the above objectives, the study is divided into three parts. First, a theoretical background of Porter's model and sports goods cluster is identified. The use of Porter's model allows the author to identify the present status of the cluster by analyzing the competitive advantage of the cluster with regard to each determinant and finally various suggestions for improving the competitiveness are defined. The findings of the study will provide an insight for improving the competitive structure of the clusters in developing countries like India.
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 Name : Make In India: Points That Matter
 Author : Jayant Hooda
 Abstract :
Make in India campaign of Government of India has stimulated a lot of professional and academic interest since its declaration locally as well as globally. Focusing upon industrial and commercial activity, the stakeholders are looking towards it with promise and challenge altogether. The present article is an attempt to describe various pros and cons of the initiative by looking into its precedents, both political and economical, thereby the emergence of its need and untiring efforts being put into its take off with full vigor. There seems a blending of the campaign side and the initiative side of the scheme, which happens to be certainly long term but yielding immediate gains too. The role, the manufacturing sector plays into the GDP of any economy is cardinal and bringing it to the core of national economy is perhaps the appropriate step the country was looking for. Its fruit are likely to be availed by different sections of the society but ultimately by all. In the paper, seeming challenges in its happening have been identified and listed. Relevant efforts and steps being taken and has been taken by relevant government departments to meet these challenges have been dealt upon. It is however realized that there are many grey areas which may demotivate the investors and entrepreneurs along with lessons learned from other world economies. It shall not be unrealistic optimism to say the scene shall ride over resilient Indian economy and vast local and global market.
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 Name : Green Practices at the Workplace: A Step towards Sustainable Development
 Author : Ms. Sweety Gupta, Ms. Aanchal Aggarwal,Ms. Nupur Arora
 Abstract :
Human activities have a deep impact on our surroundings, environment on individuals as well as organizations. Gradually, the impact of human activities on the environment has become intense. The result of this impact is that today more organizations are voluntarily ready to operate in an environmentally responsible way as they understand the significance of business practices to the society and the environment. NGO and environment friendly organizations are also encouraging businesses to become greener by offering incentives. “Being green” is becoming the norm & trend. This research papers tries to explore the issues, strategies and challenges associated with implementing green management practicesin the workplace in order to make the world a better place. This paper discusses the strategies that can be adopted by organization to adopt a green path for a better world& tries to find how the employees can make efforts to make green management a success.This paper also discusses strategies associated with implementation of green management practices and attempt has been made to explain that implementing green-practices is a step towards Sustainable Development.
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 Name : Outcomes of the UN Climate Change Conference in Paris
 Author : Prof B.P. Sharma
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 Name : Pollution-a grave threat to the environment, mankind and the living world-1
 Author : Jaya Sharma
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 Name : Corporate Snapshot: INDIA
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 Name : ECONOMIC UPDATE GLOBAL & INDIAN DECEMBER 20155555
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 Name : New Crop Insurance Scheme: A Monumental Bounty for Farmers
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 Name : Stats Window
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