Advances In Management

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

Advances In Management

Vol. 5(12) December 2012

Management by Values - The Road to success

Ramachandran Deepa1* and Karthikeyan P.2

DBA School of Advanced Studies, Bangalore (Karanataka), INDIA 2. Kongu Engineering College, Perundurai (T.N.), INDIA

To achieve long-term success, the organization needs to have a solid foundation built on principles and values that act as a center of gravity. The responsibility of leaders is to enhance, harness and direct the capacity and energy of their people toward virtuous and valuable ends. In business, you get what you target, design, measure, provide incentives for and are passionate about. This concept applies equally to principles and values which need to be nurtured and directed through an effective whole-system approach and values-management framework. This is exactly what Building a Values-Driven Organization provides.

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Mobile Text Messaging: An Emerging Market Tool

Manappa Omkareshwar

Dept of Commerce and Management, Govt first grade college Jewargi, Gulbarga (Karnataka), INDIA

With multiple technologies to choose from in the Mobile applications space, it is hard to clearly determine what tool is best for the job. One particular technology that is growing to meet the needs of enterprise users worldwide is SMS / MMS. With the growing popularity worldwide of text messaging, many companies have begun to look at the possibilities of the use of plain and multimedia text messages for both internal and external communication purposes, as well as alternatives to mobile applications to either provide a method to interact with end users in a device-agnostic fashion or gather / provide information such as promotions, or account information.

This study helps in explore some of the facts and figures about text messaging, textual revolution and business opportunities, how is text messaging being used by business, marketing and advertising, text message marketing revolution, mobile internet revolution and how small business can benefit, growing popularity of text messaging and scammers of it, business benefits of text messaging, pro’s and con’s of text messaging.

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Knowledge Management Strategies for Successful Implementation in Aerospace Industry

Ramanigopal C.

Department of Management Studies, Vinayaka Missions University, Salem, INDIA

Business turnover can be continues process in any business but in the case of employee turnover, this need not be the same. Employee retirement is an inevitable affair in any organization in the aspects of Human Resource. Retirement to employee is a great intellectual loss to any organization where knowledge is major capital called intellectual capital. At the time of inducting an employee in an organization, employees possess knowledge and little or more experience. In his entire career, he used to acquire too much of knowledge and experience during all walk of his life as employee and as an individual.

Working environment permits him to learn a lot of experience through practice, research and development. He gains knowledge through each and every move of his responsibility and accountability irrespective of the nature of the job, category of employment, whether good or bad. While he retires, part of his knowledge only protected or retained or transformed in different modes of record in the organization, whereas more valuable and most important experience has been partially transmitted and possible transmit are only left over in the organization, rest of the knowledge goes with the employee during his retirement along with him. After every employees retirement every organization faces so many challenges to fill the gab either as manpower filling or knowledge filling.

To meet out this gab knowledge management implementation is the only management concept that can fulfill this vacuum. But implementing knowledge management itself is a great challenge, that too successfully implementing the same is also a challenging challenge. In these aspects aerospace industry is not an exception. In aerospace industry, knowledge is the major raw material for further innovation and execution of the industry, where retirement of experienced employee is also inevitable and the consequences are too costly affair.

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An Overview of Strategic Alliance: Competitive Advantages in Alliance Constellations

Mowla Mohammad Masrurul

Department of Business Administration, International Islamic University Chittagong, Chittagong, BANGLADESH

Strategic alliances which are cooperative strategies in which firms combine some of their resources to create competitive advantages, are the primary form of cooperative strategies. Strategic alliances are an important source of resources, learning and thereby competitive advantage. Few firms have all of the resources needed to compete effectively in the current dynamic landscape. Thus, firms seek access to the necessary resources through alliances. Research on strategic alliance in the past few decades has suggested that strategic alliance dramatically reshaped the dynamic of competition. This study provides an important and useful perspective on strategic alliances. Approaches, examples, models and other tools are discussed to develop a deeper understanding of how competitive advantage of the alliance can be achieved.

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Effect of Mentoring on Employee Empowerment in Management Institutes

Anil Kumar K.S.* and Badi Ravindranath

Department of Management, Karnataka College of Management, Thirumenahally, Hegdenagar Main Road, Bangalore 560064, INDIA

Mentoring is a synergetic relationship – two or more people engaged in a process that achieves more than each could alone. The interaction with another that facilitates the process of meta cognition develops insight to turn hindsight into foresight. Mentored personnel gets overall sense of personal upliftment and satisfaction and empowered which provides a sense of high self-esteem, high degree of involvement and greater sense of achievement. Employee empowerment is the only influential factor for significant business development and growth. It is important to foster better decision-making, high job satisfaction and high productivity, low absenteeism and labor turnover through initiation of working environment and opt opportunities for personal growth of the employee as well as the organization.

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Study of Price Risk in Turmeric Trade

Sadhasivam P.

Jansons School of Business, Avinashi Road, Karumathampatti, Coimbatore-641659, INDIA

Farming always has been a risky business and in all likelihood always will be. The changing environmental factors are creating much uncertainty and high risks. The changing outlook of risk management focuses on various risks faced in farming. Turmeric farming is one such trade that is vulnerable to many kinds of risks. This study focuses on the risk factors prevailing in the turmeric trade. Erode is the economic zone for turmeric and is taken up to study the farmers’ response to the supply of Turmeric in Erode. Instability of turmeric prices has always been a major concern of the producers, processors, traders, as well as the consumers. Erode farmers’ direct exposure to price fluctuations; for instance, makes it too risky for many farmers to invest in otherwise profitable activities. The price risk refers to the probability of adverse movements in prices of the turmeric produce.

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A Survey of Accountıng Culture in Turkey

Selahattin Karabinar1*, Cem Canel2 and Recep Öktem3

Sakarya University, Economical and Business Administration Faculty, Esentepe Campus, Sakarya, TURKEY 2. University of North Carolina, Wilmington, Cameron School of Business, Department of Information Systems and Operations Management, Wilmington, NC, USA 3. Marmara University, Social Sciences, Beyazıt, İstanbul, TURKEY

Gray10 proposed a framework for a theory of cultural relevance in accounting derived from Hofstede’s12 cultural dimensions. This is a pioneering study that focuses on culture-related studies in international accounting. To date, much of the literature in this area has been theoretical or subjectively described because the elements constituting Gray’s framework lack an operational foundation. This paper presents research that empirically tested usefulness of Gray’s accounting values in Turkey. The data are subjected to reliabilty analysis, factor analysis and frequency analysis and the results provide some support for the usefulness of Gray’s accounting values as empirically based classificatory constructs. In this study, eight factors are extracted in factor analysis where uniformity and statutory values are the most clearly defined. According to the results of factor analysis, we may name the situation of Turkey’s accounting culture as “professionalism and uniformity”. The other dimen-sions of Gray’s accounting values are diffused to each other in Turkey. This study conludes that accounting culture in Turkey tends to use uniform practices that must outline professional judgements and regulations.

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Consumers’ Attitude towards Telemarketing

Thamizhchelvan G.

School of Commerce and International Business, Dr. G.R. Damodaran College of Science, Coimbatore 641014 (T. N.), INDIA

Telemarketing is a double edged weapon-powerful in its immediacy and personalization in an increasingly hi-tech and depersonalized world. It is a great way of building prospect lists, boosting customer loyalty and clinching sales. Telemarketing is seen as an effective means to reach a prospective customer. In fact, Telemarketing will produce a result always. But, whether good or bad, depends on how it is done.

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The Variations in Wages- Its effects on Agriculturist –Empirical View

Reddy Nainar P.

School of Management Studies, Jawaharlal Nehru Technical University, Kukatpally, Hyderabad (A.P.), INDIA

Agriculture in our country has not received as much attention as that in the field of agricultural production. In an agricultural country like India, the most of the agricultural crises are faced by the agriculturist. The instability yield and prices are more in the case of commercial crops showing greater implications. In this scenario this study looks at the determinants of agricultural wages and its linkage and effects with agriculturalist across a particular village called Bhoraj of Adilabad District. As we know the agricultural wages vary from region to region and within the region, this paper empirically analyses the patterns in agricultural wages and its impact on the agriculturist of village Bhoraj.

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The Relationship between Working Capital Efficiency and Profitability

Chisti Khalid Ashraf

Department of Business and Financial Studies, University of Kashmir, Srinagar 190006 (J&K), INDIA

Working Capital Management has its effect on liquidity as well on profitability of the firm. In this paper a sample of the 16 Indian firms, listed on BSE including firms from different sectors of our economy for a period which extends to five years starting from 2006 to 2011 has been taken. An attempt has been made to examine the effect of different variables of working capital management including the Debt ratio, Average collection period, Inventory turnover in days, Average payment period, Cash conversion cycle and Current ratio on the Net operating profitability of sample firms. Descriptive and Regression are used for analysis.

The results show that there is a strong negative relationship between variables of the working capital management and profitability of the firm except the sales (Size of the company). We also find that there is a positive relationship between size of the firm and its profitability. There is also a significant negative relationship between debt used by the firm and its profitability.

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General Article:
Strategies to make Mobile Banking Popular in India

Dikit S.V.*, Shringarpure A.A. and Pathan F.N.

Shri Shivaji Institute of Engineering and Management Studies, Vasmat Road, Parbhani 431401 (Maharashtra), INDIA *

In the year 2002 Mobile Banking was started in India by way of SMS Banking. Now it is becoming a new generation platform in India. Mobile Banking is useful for the customers for making inquiries about their balances on mobile phones. With the arrival of smart phones and ever growing usage of internet on mobile handsets, application based banking has emerged as a new concept within this space. Mobile Banking is now being considered as the latest, fastest and easiest way to conduct banking transactions. Indian banks are taking efforts to expand the usage and scope of mobile banking.

Telecom Regulatory Authority of India (Trai) issued the new regulations for mobile banking to ensure faster and reliable communication for enabling banking through mobile phone. As the number of mobile users in India is increasing day by day, there is a great scope for mobile banking. Therefore the customer should be made aware of Mobile Banking. To gain the popularity for mobile banking, banks should make tie-ups with the mobile service providers and try to provide services at cheaper rates.

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General Article:
Cross Cultural Leadership: African Example and Suggestions

Service Robert W.1* and Kariuki Kavore2

Samford University, Brock School of Business, Birmingham, AL 35229, USA 2. KGroup, Nairobi, KENYA

This research uses cross cultural learning experiences as a foundation to identifying relevant research and writings concerning cross cultural leadership. It starts by recounting one recent experience and goes on to review relevant literature with a view toward developing suggestions. The research goals are: 1) to offer guidelines for crossing cultures; 2) describe how to evaluate potential for crossing cultures; 3) to direct cross cultural leadership development; and finally, 4) to use the recent experiences and other writers’ pronouncements to present preliminary suggestions for changes in Kenya. Readers should note that the purpose of the Kenyan suggestions is to provide a “straw-man” illustration of the ideas that can be developed from a “learn and teach” encounter in another culture.

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