Advances In Management

Indexed in SCOPUS, Chemical Abstracts Services, UGC, NAAS and Indian Citation Index etc.

Advances In Management

Vol. 2(8) August 2009

Emotional Intelligence Characteristics of IT and Tourism Professionals in Taiwan

Hui-Wen Vivian Tang, Jennifer C. H. Min and Mu-Shang Yin

This study compares the emotional intelligence (EI) characteristics of undergraduate students majoring in information technology (IT) and tourism. It was hypothesized that significant differences exist between the EI profiles of IT students and students majoring in tourism. Four-hundred and eighty-eight students (239 in IT and 249 in tourism) were selected as participants in this research. The survey used to conduct this study was Nelson and Low’s ESAP - College Version. A General-Linear Model ANOVA was used to determine the different EI characteristics of undergraduate students in the two sample groups. The results of the research have practical implications for incorporating EI into IT and tourism professionals’ development and training programs.

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Global Competitiveness and Fiscal Reforms in India since 1991

Vadra Ratna

This paper attempts to present an approach for increasing the global competitiveness of India by achieving macroeconomic stability in budgetary deficits. The stability of the macroeconomic environment is important for business and therefore, is important for overall competitiveness of a country. There are number of weaknesses that impede the country's progress in becoming most competitive economy globally. High budget deficit, one of the highest of the world along with lack of appropriate infrastructure and shortcomings in health services and education are impeding country's growth as a competitive business player. Moreover, Indian governments have proven remarkably ineffective in reducing the public sector deficit, one of the highest in the world. India’s economy clearly is on the move and most certainly has the potential to emerge in the top rankings of global competitiveness index. However, this potential can be made a reality only if India mobilizes adequate political will and quickly commits itself to reduce its budgetary deficits in recent years

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Portfolio Selection Strategy in Global Stock Market Crash

Vinayak Sanjeev

Portfolio selection decision is a complex and tough decision for any individual investor or any investment organization which is engaged in investment promotion activities or trading in stock activities. It is very hard to choose and select right combination and proportion of portfolios or stocks of different types. There are various analysis techniques available in portfolio management by which an investor or investment organization can take right decision by analyzing them. Fundamental analysis which consists of global analysis, economic analysis, industry analysis and company analysis and technical analysis, is based on trends of past data. Systematic and unsystematic risk consists of micro economics risk and macro economics analysis risk involved in the portfolio selection process. This paper suggests how to invest in the stock market and how to avoid stock market crash. And what portfolio selection strategy should be adopted in selection of the right combination of portfolio. A portfolio selection strategy helps the investor to assess the risk of loss due to stock market crash involving in the portfolio or stock.

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Weak-Form Efficiency in Indian Stock Market: An Empirical Investigation

Prakash Shanker A.. and Sahu Dhananjay

Market efficiency is the notion which rejuvenates the upcoming market strength and explains the probable cause for its pattern. The issue has already been studied by various researchers of different disciplines who tried to provoke the entire community with manifold aspects of market efficiency. Albeit its study is interminable, of lest it should support the emanation of new techniques to solve its probable causes than to its behaviors. The martingale process of stock price pattern is useful to have normal gain instead of overwhelming market’s abnormality. This paper envisages that Indian stock market persists in weak form of efficiency for the period April 01, 2002 to March 31, 2007.This study is done by applying the serial correlation test and the runs test to arrive at conclusion.

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Training and Assessment: A need for a Comprehensive Shift in Training Dimensions

Jayashree V. and Sheela Rani S.

Organizations today are increasingly recognizing the importance of training and developing their human resources. The training function coordinates the organization’s efforts to provide training and development experiences for its employees. Training is thus directed towards improving how well individuals perform and is based on what they need to know or do competently. In the context of growing complexity in the functioning of the organization there needs to be a comprehensive and paradigm shift in training and assessment dimensions. The argument today is for recognizing the gaps in human performance, the adoption of empowerment, extensive training and up gradation of employees' skills and knowledge. .

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Business Communication Skills Development for the Management Students

Anbalagan C.

This paper is exposing the development of communication skills and level of improving the oral and written communications of the management students in the relevant subject. Communication is central to everything that we do. Our city/town is the organizations in which we live and act. Our activities in our family, school/college, office, hobby group, community group, succeed or fail and our goals are achieved or not achieved, according to our ability to communicate effectively with other members. Communication is the mortar that holds an organization together, whatever its business or its size. Without communication an organization can not function at all. Without effective communication, information can not be collected, processed or exchanged; words and data would remain isolated facts. With effective communication, multinational organizations that are spread all over the world can function like a single unit. The term business communication is used for all messages that we send and receive for official purposes like running a business, managing an organization, conducting the formal affairs of a voluntary organization and so on. Business communication includes both written and oral communication. Letters, reports, memos, notices are all formal and part of commercial and business activity, so are interviews, meetings, conferences, presentations and negotiations. Some of these are more formal than others; a group discussion would be less formal than a company meeting; a letter is less formal than a report. Every component of the process is affected by every other component. The source, the environment, the goal, the medium, the nature of the message, the receiver, the feedback, all affect one another. If the audience is inattentive or uninterested, the source is not able to communicate effectively. If a wrong medium is chosen, the message may fail to have the intended result; if the sender’s goal is not clear, the message will be confused. Disturbance at any stage in the communication process affects the entire process. Communication is interaction and transaction. The two participants, the source and the receiver, exchange ideas and information and influence each other during the process of communication.

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Changing HRM practices in Global Environment

Bhuruk Vinod A.

HRM Practices are directly correlated to changes in global trends and approaches. Effect of trends on organizations’ stability and predictability is no longer guarantee business success. Mould with trends through changing HR practices is necessary for organizations’ for growth and retain in the Global Market Environment. The influence of this fast changing world on the current and strategic role of human resource management has been recognized as a key factor in every business organization. Drastically change of trends in HRM practices at global environment is necessary to align strategy in relation with trends. Impact of terrorism, recession and competition throughout global environment made it necessary for HR professionals to change its practices and strategy towards operations, sales and service in the global market scenario.

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Consequences of Global Recession on India - A Study of Selected Industries

Pithadia Vijay

The current global financial crises are the cause of defaults on sub-prime mortgages in US. Sub-prime is a high risk debt offered to people with poor credit worthiness or unstable incomes. Major Banks in US have landed in trouble after people could not repay the loans. Many banks have turned to be defaulter. After the case of Lehman Brothers, Merrill Lynch and other American banks, the banks of other countries are also facing the default risk. Because of the sub-prime mortgage, the housing market soared. The realty sector boomed but could not sustain for long and it collapsed because of the loan defaults. This situation spreaded like wild fire and put the US economy in danger. This coupled with rising oil prices slowed down the growth of the economy. The US financial crises have affected many countries of the world and India is not an exception to it. Because of these financial crises, Indian economy is likely to lose 1% to 2% of GDP growth. Almost all sectors of the Indian economy are affected by this crisis. The impacts of global financial crisis on Indian economy have been studied in Textile Industry, Steel Industry, Cement Industry, FMCG, Realty Sector, Banking Sector and Mutual Funds.

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Extrinsic problems of Textile Industry in India

Pandian S., Rajamohan A. and Pillai Mohan K.

The international trade in textile and clothing sectors has been an exception to the most favored nation principle of GATT and since the early 1960s, has been a case of managed trade through forced consensus. However, the WTO Agreement on Textile and Clothing (ATC) marked a significant turnaround. The Indian textile industry had been plagued by obsolescence, labor problems, raw material vagaries and lack of modernization including that of spindles. The level of weaving technology is of lower order and knitting units do not possess capacity to perform dyeing, processing and finishing to international standards. It can be concluded that the textile sector has not developed much due to quota restrictions imposed by GATT and later by WTO till 2005.

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IT enabled Customer Relationship Management: Techniques and Applications

Jena Rabindra Kumar

Now- a- days Customer Relationship Manage-ment (CRM) is gaining its importance due to intensive competition and saturated markets. The term CRM is one of the most applied concepts both in marketing and IT literature and applications. This paper succinctly discusses the state of art of IT enabled CRM. This paper also stresses on the application of IT techniques like: Expert systems, soft computing techniques and data mining, grid computing and cloud computing in customer behavior, customer support and marketing.

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