Advances In Management

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

Advances In Management

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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. .

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