Vol. 3(8) August 2010
Evaluating the Features of the Data Stream: Suggested Techniques
Lusk Edward J., Halperin Michael and Reshetnyak Elena
Paper presents and illustrates six often used heuristics the intention of which
is to re-form collected data so that this Modified Data Stream [MDS] better conforms
to the modeling assumption underlying the inference models used by Decision Makers.
The focus of the Data Stream modifications of the six heuristics is to eliminate
outliers and other anomalies that are part of the Original Data Stream [ODS]. A
case illustration is presented that deals with an Investment Banking Financial Advisory
Services stock market analysis of a Firm.
Full Text
Entrepreneurship and Education: A Missing Key in Development Theory and Practice
Vetrivel S.C.
Education and entrepreneurship are commonly considered major factors of economic
development. If that is the case, one would expect that the national and international
development organizations give a special attention to initiatives promoting education
on entrepreneurship (teaching entrepreneurial skills, attitudes and ideas) and entrepreneurship
in education (promoting the entrepreneurial initiative in providing, maintaining
and developing education services). The study finds that organization’s agenda has
not started yet to incorporate the basic insights regarding the link between the
two factors and concludes that this situation creates opportunities for a rich analytical
and policy agenda in the area of education and entre-preneurship.
Full Text
The Emerging Business Models in the Knowledge Economy: Its impact on Society
and Government
Sarkar Madhulika P. and Kumar Vivek
In the present day, information represents a new raw material. The emergence of
a new economic order has resulted from the management of this new raw material,
in which intangible assets, while supporting the main source of value creation,
have assumed a preponderant role. In accountancy it is known as intangibles, in
economic theory as knowledge assets and in management literature, as intellectual
capital. Its essence represents an asset without physical existence, providing potential
future returns. Those assets are generally very expensive. They are extremely difficult
to manage and, even today, their associated property rights are confused. This assertion
raises the need to rethink accounting and financial principles and also protection
and management models, with a view toward creating a more appropriate match between
accounting and market values.
Full Text
Colleagues, Managers, Customers and Competitors Keys to Development: 360 Degree
Approach to Development
Salunke G. N.
We learn great deal from others. At work place we learn from others at every stage
of operations. There is always scope for improvement. We learn from others at junior
level, we learn from managers, managers learn from their superiors. Every stake
holder can contribute up to some extent to improve effectiveness. We learn from
our colleagues, managers, customers and competitors how to improve our own performance
and meet the competitive challenges of business. Where the multiple raters are involved
in evaluating performance this technique is called 360 degree appraisal. The 360
degree appraisal approach is more appropriate for developmental purposes than for
evaluative purposes. Feedback from multiple sources helps employees in self-development.
The process implies that an employee is appraised and receives feedback from colleagues,
managers, customers and competitors. This is professional approach to develop managers
for multiple tasks to meet the business challenges in today’s competitive environment.
Full Text
Tacit Knowledge –The Ultimate Essence of an Organization
Subashini R.
Knowledge management (KM) has become an important success factor for organizations.
Knowledge can be in explicit form or implicit form. Both the types of knowledge
are highly pivotal for knowledge creation which paves way for the ultimate success
of an organization. Explicit knowledge without tacit insight loses its meaning.
Full Text
Credit Card-A Study with Reference to Awareness and Satisfaction of Cardholders
Subramanian S.
With the advancement of technology, banking access has become easy, quick, accurate,
safe and also time saving. Technology provides opportunity to the customers as well
as the banker for their convenience. In the modern global e-business environment,
the banks in India provide a wide range of card services offered to their customers.
The card issuing banks need to provide necessary information regarding their products
and services to maximize their customers’ satisfaction. Products awareness is an
important tool for satisfaction. Customers’ satisfaction is necessary for successful
marketing and growth of any business. This research study makes an attempt to understand
and test whether the cardholders are aware of the product or not, if aware, they
are satisfied or not, if satisfied then what is the level of satisfaction. This
study also makes an attempt to analyze and test if there is an association between
awareness and satisfaction of cardholders in banks based on the primary sources
of information collected from the samples of 426 respondents under convenience sampling
method were used and analyzed by SPSS.
Full Text
Reassessment of the Role of Culture in Managerial Behavior: The Case of Palestine
Shahwan Usamah
Academic textbooks and countless articles in scholarly journals have constantly
highlighted the important role of community culture in influencing managers’ behavior
inside their organizations. Cultural values have been traditionally viewed as one
of the most powerful determinants of organizational behavior.
However, the results of a recent research in Palestine in which a sample of managers
from both the civil service and the third sector were surveyed to gauge the impact
of strongly held values on their administrative behavior, suggest a tenuous relationship
of slight significance between culture and behavior in the workplace.
The new findings reflect an erosion of the impact of local cultural values. Their
role in shaping employees’ behavior in the organization has been weakened, most
probably due to the expansion of globalization and the increasing awareness by politicians
and public officials of the critical importance of creating an environment that
promotes work ethics built on the Western model.
Full Text
Impact of Leverage on Profitability of Pantaloon Retail India Ltd.
Virani Varsha
The investment decision relates to the selection of assets in which funds will be
invested by a firm. The finance decision is concerned with the selection of right
mix of debt and equity in its capital structure. The third decision is related to
the distribution of surpluses i.e. the dividend policy of the firm. Needless to
say, the dividend decision is based on the success of the first two decisions, i.e.
the investment and financing decisions. The tool leverage is used in the study to
analyze the profitable proceedings of the primary Pantaloon India ltd.
Full Text
Post Harvest Operations in Food Grains and Role of Farm Women: An Economic Analysis
of Women Empowerment in Arid India
Pandian S., Rajamohan A. and Pillai Mohan K.
The paper determines the role of farm women in Post Harvest Technology of food grains.
The majority of the world’s agricultural producers are women. They produce more
than 50 % of the food grown world wide. Rajasthan constitutes the 8th largest economy
of the country and 2 major food grains of Rajasthan are Bajra (pearl millet) and
Jowar (sorghum) which are taken for research. Post harvest losses are also estimated
at different stages of these 2 crops. The losses are to be estimated using the survey
data collected from the farmers, agents, wholesalers, retailers and processors in
major crops growing districts of Rajasthan. The research is carried on in the arid
part of India covering 2 highest cultivator district of Rajasthan i.e. Jodhpur and
Barmer. For more viability of the research, Jaipur district is also taken under
consideration, as being the major district in Rajasthan.
Farm women are usually responsible for food processing. Their role from harvesting
to marketing of food grains is as important as men farmers. But it was found that
farm women receives less than 5 % of extension services in the world and their role
is not properly organized. Farm women share equal work with the men farmers therefore
they are equally eligible for sharing a part of total income generated by these
farmers in food processing and cultivation of food grains. At least 10% of the total
income should be shared by the farm women. .
Full Text