Vol. 3(12) December 2010
Indian Banks’ Methods for Assessing Working Capital
Malhotra Gunjan, Shastry Vikram and Sinharay Soumyadeep
Working Capital is the capital required for by a firm to sustain its day to day
activities. Different firms have different approaches to finance their working capital
needs. After receiving proposals for working capital loans, as a precaution banks
need to assess the amount of working capital loan which can be granted and also
to determine the interest rate at which the loan can be provided. The RBI and its
committees have introduced new methods for the calculation of credit eligibility
for the working capital financing of firms. The newer methods are firmer on risk
management front and also the stability of economy in case of any excessive default
rate. This research paper empirically analyses these methods like turnover method,
inventory method, operating cycle method, cash budget method used for SME Working
Capital financing, primarily from Indian Government Banks' point of view.
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Corporate Social Responsibility in Caribbean Community: Lessons from Trinidad
and Tobago
Sookram Ron and Arjoon Surendra
This paper seeks to examine the practice of corporate social responsibility (CSR)
in the Caribbean Community and gives special attention to Trinidad and Tobago where
the corporate sector is considered one of the most developed in the region. It asserts
that philanthropy is the dominant approach to CSR and the capacity of the region’s
corporate sector limits the impact of CSR as a strategy for achieving sustainable
development. The paper also identifies the lack of resources and competing priorities
as leading challenges to companies fully embracing and investing in sustainable
CSR initiatives. Embedding CSR issues into the strategy and operations of companies
is considered to be the most effective approach in addressing the challenges associated
with CSR practice in Trinidad and Tobago and the wider region. There is also a need
for government to become more proactive in delivering a credible and incentive-appealing
national strategy on CSR and for board of directors to champion these initiatives.
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Cause Related Marketing in India: A Conceptual Paradigm
Agarwal P.K., Pradeep Kumar, Gupta Swati1 and Tyagi A.K.
For many years, community development goals were philanthropic activities that were
seen as separate from business objectives, not fundamental to them. ‘Doing
well’ and ‘Doing good’ were seen as separate pursuits. That is
changing. As the Business organizations are a part of the society, the company’s
accountability and responsibility are not only towards their shareholders but now
it is said that as these organizations take input from the society, they should
also give something in return to the society. Now a days companies are finding new
ways to discharge their corporate social responsibility and cause-related marketing
(CRM) is one of them. Cause related marketing is a communication tool for increasing
customer loyalty and building reputation.
Today, the emergence of cause marketing programs has heralded a dramatic shift in
nonprofit-for-profit relationships. It has established the concept that community
development and support could be positioned at the intersection of business objectives
(sales/profits) and societal needs. Supporting a specific cause and being public
about this support gives companies identifiable personalities, demonstrates what
they stand for and helps them connect with customers, suppliers, investors, employees
and the community. Cause marketing programs allow the consumers to overtly and publicly
express their belief in and support for the causes that are most important to them.
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Focusing on Intrapreneurship: An Employee-Centered Approach
Memon Shabana A.
We live in a century in which ability for innovating became primary determinant
for effective and efficient working in existing organizations. The global economy
is creating profound and substantial changes for organizations and industries throughout
the world, forcing them to carefully examine their purpose and to design strategies
to satisfy their multiple stakeholders. The task of management is to be aware of
the changing scenario. This awareness will allow managers to predict future problems
and prepare strategies before crisis arise.
The external turbulence is forcing the fundamental internal transformation. Entrepreneurship,
being a major means for development, has received considerable attention in many
countries including India. Multiple contributions of entrepreneurship such as employment
and wealth creation may be reason for consistent and concerted efforts by governments
and other organizations to strengthen entrepreneurship development. Intrapreneurship
is a concept linked to the entrepreneurial orientation of an organization. Intrapreneurship
is the spirit of entrepreneurship within an established organization. Most successful
private organizations were once entrepreneurial start ups that grew to the point
where they became mature organizations. The need is to catalyze the organization
and imbue it with a new spirit of intrapreneurship i.e. developing the spirit of
entrepreneurship within the realms of an established organization. Intrapreneurs
work within corporations to develop new products, increase innovation and build
employee morale. Intrapreneurship appeals to some because it allows them to pursue
creative business ideas with the support of a large company's resources.
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Corporate Social Responsibility-Public Sensitivity
Kumar P.S.S. and Srinivasa Krishna K.
Corporate social responsibility is must to protect the public. It should not be
burden but it should the way of life for corporate. Everyone gets benefited by profits
of organization and part of the profit should go back to society.
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Financial Appraisal of Haryana State Cooperative Apex Bank
Rajiv Kumar and Kaur Jasmindeep
In India, there is a plethora of banks providing almost all services that an individual
requires. There is sector of banks that is used by a large number of the middle
and lower class sections of the society that is Co-operative banks. In this paper
an attempt is made to study the financial appraisal of Haryana State Cooperative
Apex Bank which has been playing an important role in the economy of the state of
Haryana. The study covers the period of five year from 2002-03 to 2006-07. The various
parameters taken for the appraisal of banks are number of offices, membership, paid
up capital, reserves and other funds, deposit mobilization, deposit type wise, demand,
collection, loans issued, loans outstanding, cost of management and profit and loss
and number of branches in profit and loss. For the purpose of study, secondary data
had been collected and analyzed from various sources such as NAFSCOB’s reports and
annual reports of HARCO BANK.
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Training for Most Capable Workforce
Indradevi R .
The function of the HR Department is changing with time and with this change, the
relationship between the training function and other management activity is also
changing. Training is a learning process that involves the acquisition of knowledge,
skills, concepts, rules, attitudes and behaviors of individuals to enhance the performance
of employees. The training and development activities are now equally important
with that of other HR functions. The days when training was considered to be futile,
waste of time, resources and money, is gone. Now a days, training is an investment
because the departments such as marketing and sales, HR, production, finance etc.
depend on training for its survival. Training actually provides the opportunity
to raise the profile development activities in the organization. This research paper
explored employee capability as a intervening variable between training and organizational
performance with special reference to IT Industry. Data were collected using a self
administered questionnaire. The questionnaire consists of thirteen items on training
and seven items on employee capability and seven items on organizational performance
with a Five-Point Scale ranging from strongly disagree (1) to strongly agree (5).
A sample of 100 respondents from 2 IT Companies in Chennai, constituted as the sample
unit for the study. Convenient sampling technique is adopted to select the sample
units to collect the data. Scale reliability test was conducted on all the 27 items.
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Essential Components of Employee Engagement - A Study with Reference to TNSTC,
Kumbakonam
Swaminathan J. and Rajasekaran D.
Employee Engagement is the combination of Job Satisfaction, Motivation and Effectiveness.
In other words it is the ecstatic feeling that one may get by doing his job. It
is a very important topic as the value of the organization is transferred from physical
asset to effective work force. Employee Engagement is an important area that an
organization should concentrate to be productive and to get effective, loyal and
committed work force.For collecting the primary data, a structured questionnaire,
comprising of multiple choice and close-ended questions was administered to 80 employees
in the organization using non proportionate stratified random sampling method. In
this study multiple regression, correlation and ANOVA have been used to analyze
and interpret the data collected.
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Export Performance of Marine Fisheries Sector in India -An Appraisal
Neogy Rajyasri
The marine fisheries sector occupies an important place in the socio-economic development
of India. Recognized as a powerful income and employment generator, it stimulates
the growth of a number of subsidiary industries, is a source of cheap and nutritious
food and an instrument of livelihood for a large section of coastal population of
the country. More than 6.0 million fishermen and fish farmers in the country depend
on fisheries and aquaculture for their livelihood. The marine fisheries sector,
which began as a subsistence operation by employing exclusively traditional crafts
during the pre-independence days has today attained the status of capital intensive
industry. Export of marine products plays a vital role in fisheries development
in India by providing employment and income to millions engaged in fisheries, aquaculture,
processing and allied activities. Due to its high importance a modest attempt has
been made here to view the export performance of marine fisheries sector and identify
its potentials for further development
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