Advances In Management

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

Advances In Management

Vol. 4(1) January 2011


Mishra Jitendra

Management Department, Grand Valley State University, 469C DeVos, 401 W.Fulton, Grand Rapids, Michigan 49504-643, USA

The word “Repatriation” comes from a Latin word “Repatriare” meaning to restore or return to country of origin, or citizenship. Repatriation is opposite of expatriation. Repatriation involves that the International Assignee (IA) goes back to the parent company and the home country (sweet home) from the foreign assignment. The Multi National Corporations (MNCs) have tried to select the “best and the brightest” for the foreign assignment. The MNCs make a significant investment nearly over one (1-2) million dollars when they send an employee overseas but most of the expatriates (expats) around fifty (50) percent leave within a year of their return home or resign. Why? This paper examines some of the challenges, problems of repatriation and makes recommendations.

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Financial Derivatives – Real Challenges in India

Selvam V.1* and Rita S.2

School of Social Sciences and Languages [SSL], VIT University, Vellore 632 014, Tamil Nadu, INDIA 2. VIT Business School, VIT University, Vellore 632 014, Tamil Nadu, INDIA

India is among the top-5 producers of most of the commodities, in addition to being a major consumer of bullion and energy products. Agriculture contributes about 22% to the GDP of the Indian economy. It employs around 57% of the labour force on a total of 163 million hectares of land. Agriculture sector is an important factor in achieving a GDP growth of 8-10%. All this indicates that India can be promoted as a major center for trading of commodity derivates. It is unfortunate that the policies of FMC during the most of 1950s to 1980s suppressed the very markets which were supposed to encourage and nurture to grow with times. It was a mistake. However, it is not in India alone that derivatives were suspected of creating too much speculation that would be to the detriment of the healthy growth of the markets and the farmers. The tremendous growth of the financial derivatives market and reports of major losses associated with derivative products have resulted in a great deal of confusion about those complex instruments. This paper highlights the real challenges of financial derivatives in India through factor analysis.

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An Introduction to Financial Econometrics

Nagtilak Anil* and Kalkar Parag

Sinhgad Institute of Business Administration and Computor Application, Lonavala, Dist. Pune (M.S.), INDIA *

Financial econometrics is an active field of integration of finance, economics, probability, statis-tics and applied mathematics. Financial activities generate many new problems, economics pro-vides useful theoretical foundation and guidance. Quantitative methods such as statistics, probability and applied mathematics are essential tools to solve quantitative problems in finance.

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Customer Relationship Management in Banking Services

Tamilarasan R.

Department of Management Studies, Sree Sastha Institute of Engineering & Technology, Chennai 600 123 (T.N.), INDIA

CRM as a tool to build relationship and retention has become a centre of business activity of every business and particularly of service businesses. It as a philosophy and a practice has proved its mettle to build and strengthen relationship and retention. However, its failure if any is due to improper conception and implementation of CRM as a practice. Its success ultimately is a matter of proper conception, implementation and follow-up action in case of its deviation from the accomplishment of the desired goal. The failures, in most cases, are attributable to improper implementation in practice. This article makes an attempt to cover the CRM practices in the context of banking services particularly in the Indian context.

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Preferences towards Online Shopping among Urban Population with special reference to Chennai City

Magesh R.

Department of Management Studies, Anna University, Chennai-25 (T.N.), INDIA

Online shopping is an important aspect of the retail industry at this new era. The online medium, a hybrid of multiple communication technologies, offers a multitude of communication functions, including marketing. As a marketing communication channel, the Internet has attracted nearly one-third of its users to try online shopping during the decade when it became commercialized. This study is to identify the factors that influence the consumers (with special reference to Chennai city) to go for online shopping than the retail shopping. Results indicate that convenience, income, age range, product type, influence consumer intention to engage in online shopping. When consumers perceive offline shopping as inconvenient, their intention to shop online is greater. The attitudes towards online shopping and intention to shop online are not only affected by ease of use, usefulness and enjoyment, but also by exogenous factors like saving time, comparison shopping, product characteristics, previous online shopping experiences, easy to access and trust in online shopping. The Chi-square test was used to determine the relationship.

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The Applicability of Applying International Financial Reporting Standards for Small and Medium-sized Enterprises in the Jordanian Environment

Walid Zakaria Siam1* and Abdallah Al-Daass2

Department of Accounting, Faculty of Economics & Administrative Sciences, Hashemite University, Zarqa, JORDAN 2. Department of Accounting, Faculty of Business Administrative, Middle East University, Amman, JORDAN

This study aims in identifying the applicability of applying international financial reporting standards for small and medium-sized enterprises in the Jordanian environment. This is done by measuring the applicability and pros that can be achieved through this application, as well as identifying the main obstacles that limit the applicability of effective implementation. To achieve the objectives of this study, the researcher designed a questionnaire that has been distributed to a sample of the auditors listed in the Jordanian Society of Chartered Accountants in 2010. 150 questionnaires were distributed. The number of questionnaires recovered and adopted for the purposes of statistical analysis is 132 (88% of the number of questionnaires distributed).

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Change in Production Philosophy from Integrated Manufacturer to Assembler: A Case Study of Diesel Locomotive Works (DLW), Varanasi, India

Raman Lakshmi

Chief Mechanical Engineering Department, East Central Railway (ECR), Hazipur (Bihar), INDIA

Diesel Locomotive Works (DLW), manufac-ture diesel electric locomotives primarily for Indian Railways. Indian Railways’ requirements are given to DLW by Railway Board, the top management body under Ministry of Railways, Government of India. DLW has an installed capacity of 125 diesel electric locomotives (locos). The unit produced 138 locos during 1995-96 and 102 in 2001-02. Targets for 09-10 were increased to 250 locos. The production levels have widely varied from 102 to 224, during last 15 years and got doubled in four years between 2005 and 2009. Handling of such varying targets is still more difficult in government sectors like Indian Railways. DLW not only achieved it but also exceeded the same by changing the production philosophy during these years of turmoil.

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Accounting Information and Business Decisions in Developing Countries: The Case of Palestinian Managers

Buhaisi Issam M. I.

Department of Accounting and Finance, Faculty of Business, The Islamic University of Gaza, Gaza, PALESTINE.

Accounting information, as a part of the information system, has a vital role in the decision making in any firm; this role comes from its influence through the administrative process (Planning operation and control). Therefore, the accounting information system must provide timely and accurate information to facilitate the decision making process and managers must be sufficiently qualified to interpret and use this information. In this study, the Palestinian firms case is investigated to examine if accountants in Palestinian firms provide mangers with the information needed to help them make the right decisions and if the managers were able to interpret and use this information in the managerial process. In order to achieve the objectives of the study, a questionnaire was distributed to a large sample of Palestinian firm managers. The obtained data were analyzed using the statistic program Stochastic Package for Social Science (SPSS). The results indicate that: (1) information was not always available for decision making, (2) when the information is available, it is so limited and insufficient to enhance managers’ decisions and (3) the majority of Palestinian managers are not sufficiently qualified to interpret and use accounting information for managerial purposes. Based on the obtained data, several suggestions are proposed to improve decision making process in Palestinian firms.

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