Advances In Management

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

Advances In Management

Vol. 5(3) March 2012

Research Articles:
The Role of Electronic Commerce in improving Supply Chain Performance

Ascher Jacques

In the electronic commerce era the winds of change are unavoidable in the SC (supply chain) domain and issues related to its architecture and design gain utmost and intensive treatment in organizations. Today, more than in the past, an effective, flexible and innovative supply chain contributes to strategic planning of a company, supports and enhances its profitability, competitive advantage and core compe-tencies. In an era of unpredictability, supply chains must be fast and flexible in response, so that firms can be able to meet demand with supply. Time - based vigorous competition urges supply chains to be responsive and flexible. Following the above, it is important to survey the changes that have occurred in the SC in the digital commerce era; changes essential for supplying proper products, at the right quantity, to the right customers despite the difficulty in predicting demands.

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Aspects of International Business Ethics

Mahoney James F.

This paper is an analytical examination of the ethical problems posed by the practice of international business in light of key ethical philosophies and considering the diversity existing in our world. Special attention is give to the SA 8000 Social Accountability standard, its origins, its applicability and its potential for helping to resolve the problems directly and indirectly caused by this diversity.

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Paradigms of Satisfaction Research: A Conceptual Foundation

Bandyopadhyay Nirmalya1, Dubey Jayashree and Purohit Harsh

The notion of satisfaction has been the focal point of interest in the understanding of human behavior. In academic literature satisfaction has been viewed from various branches of academics. Satisfaction has been used to indicate the ‘effectiveness of a marketing system’ in economics, ‘social well-being’ in sociology and an individuals’ ‘emotional feeling’ in psychology. In analyzing behavior of consumers, understanding ‘satisfaction’ has become an area of monumental interest and addressed by the researchers extensively in the last three decades. This paper aims at presenting a comprehensive account of the major paradigms of satisfaction research understanding of which is important for marketing personnel in strategy formulation to ensure customer satisfaction.

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The Importance of Effective and Efficient Team Work in an Organization

Ba Banutu-Gomez Michael

The world of business calls for a high caliber of style, appreciation for diversity and an understanding of cultures. Leaders, Managers, Employees and Super-visors in business operate within environments characterized by multinational corporations, inter-national partnerships, workforce diversity, different organization culture and all the other hallmarks and hurdles of globalization. Increasingly, successful leaders, managers, employees and supervisors will be those who are knowledgeable about the values of collaboration; who know how to build partnerships and joint ventures, have the ability to design and lead effective teams; the ability to work in teams and the skills to lead and supervise the workers of the 21st century in a team setting environment.

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Knowledge Management to meet the Contemporary Challenges and Charms

Chandrasekar K.

National Hsin-Chu University of Education, 521 Nan-Da Rd., Hsinchu City 300, TAIWAN, R.O.C.

“The illiterate of 21st century will not be only those who cannot read and write but also those who cannot learn, unlearn and re-learn". Knowledge management’ has today become the supreme subject of dialogue in everyone’s walks of life in all the fields of human development. The competition and the fight for survival among the organizations and individuals has made it turn back and look ahead with care about the massive development of knowledge, through techno-logical advancement, idea exploration, creative thinking and the like.

India as knowledge based economy is based on the concept of "Improving ourselves by learning from others". In today's scenario, though the environment poses threat to the economic development through reduced investments, the time is very favorable for India to make its transition to the knowledge-based economy that creates, disseminates and uses knowledge to enhance its growth and developments. It is possible to deliver knowledge at desktop of the users through innovation technology platform that has been developed widespread across the geographic boundaries.

Nevertheless to mention, the recessionary environment has had its say on the knowledge field also, making it to reconsider its strategies and revive upon to face the challenges posed. Reengineering and modernization of the existing basic industrial sectors in this scenario is one of the big challenges that will help to compete with the latest technological development in the various sectors of the knowledge economy. Strengthening and emerging new models and innovations in different fields and disciplines and learning to deal with tacit knowledge, has also emerged as few other challenges that the knowledge management has to solve during this strategic period.

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Attributes of Effective Leadership

Harris Peter, Berendt Charles J., Malindretos Ioannis N., Scoullis Moschos and Williams Richard

Many reasons and arguments have been put forth in an attempt to explain the business scandals of the past few years. It is logical that when major moral or ethical lapses occur in society, people attempt to understand what the cause or causes were. We also tend to make comparisons with past times in an effort to answer the question, “Are things really worse now, or is it just that the spotlight is brighter and more focused on current events than in the past?” Some people tell us that these recent business disasters are largely due to poor management, namely, that ineffective people managing organizations attempt to disguise mis-management by unethical and even criminal acts and then exacerbate the damage with lies and cover-ups. However, if poor management were the root cause, then how do we explain the dramatic advances in gross domestic product and in productivity per employee that are documented and objectively measured today?

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Case Study:
Liquidity Analysis through Ratios and Cash Flow with reference to Limited Company

Jagtap Manisha

Finance is lifeblood of any business, the overall success of any business depends to a major extent on efficient and effective management of funds. Although there are other managerial problems, the problem of financial management occupies a central place in the overall management of any organization, even the problems in other areas in Production, Human Resource or Marketing are linked up with Finance. A firm’s ability to pay for its current obligations in a timely fashion with minimal cost is termed as Liquidity. The bankers, suppliers of goods and other short-term creditors are interested in the liquidity of the concern. If current liabilities may not be easily met out of current assets, then liquidity position will be bad.

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Time driven Activity Based Costing for Spinning mills

Joseph Jelsy and Vetrivel A.

In today’s advanced manufacturing and competitive environment, accurate costing information is crucial for all the kinds of businesses, where order size in minimum, life cycle is too short, no prior data for cost information. Previous research on ABC has examined pertinent issues related to ABC imple-mentation such as the levels of ABC adoption in various countries, the reasons for implementing ABC, the problems related to ABC and the critical success factors influencing ABC. This paper reviews the improvement in financial performance by implementing the Activity Based Costing in Spinning Mills.

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A Study on Online Trading and an analysis of Equity Share Price Movement of selected 5 IT Companies

Logeshwari K.

Financial Management is that management activity which is concerned with raising funds and creating value to the assets of the business enterprise by efficient allocation of funds. It is the study of the integration of the flow of funds in the most optimum manner to maximize the returns of a firm by taking proper decisions in utilizing the funds. It is concerned with the duties of finance manager in an organization. Finance manager usually performs financial fore-casting, cash management, budgeting, proper investment, credit administration and procurement of funds. Modern business trend has great opportunity for managerial finance. It has a great importance in every concern because it usually works as a backbone of any business. Investor can buy and sell equity as well as commodities, insurance etc from home easily during market time. Equity market is one of the emerging markets in India where the equity share prices of different IT companies are fluctuating each and every day and it is very uncertain to determined profitable share.

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Exploring the Relationship between Organization-Based Self Esteem and Burnout: A Preliminary Analysis

Elloy David and Patil Vivek

This study examines the relationship between Organization- Based Self-Esteem24 and the three dimensions of burnout i.e. emotional exhaustion, depersonalization and reduced personal accomplish-ment.20 Our hypothesis was that the three dimensions of burnout would have a negative impact on OBSE. Data collected from 215 employees working in a heavy manufacturing plant in the Midwestern part of the United States supported this hypothesized relationship. The organizational implications of these results and directions for further research are discussed.

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Does an ATM surrogate a Branch of a Bank?

Padmasree Karamala and Bharathi Devi Anchula

According to survey conducted by Retail Banking Research, the number of ATMs world wide as on 2005 were 1,544,853 which may cross two millions by the end of 2011. This figure clearly, shows the tremendous growth of ATMs during the years. Very interesting to see Asia Pacific region found the largest regional ATM market with 32.30 per cent of the global ATM market. The ATM density in India is far lower than that of the other developing countries; however ATM installation is growing at a rapid pace in the county. Currently India has an ATM penetration of about 0.04 per 1,000 people. In India, Nationalized banks accounted for the largest share of the total installed ATMs. With regard to the installation of the off-site ATMs New Private Sector Banks had a largest share while nationalized banks occupied largest share in onsite ATMs installation. Some banks have started mobile ATMs in order to reach remote areas that may not have a large enough population. Interestingly the ratio of ATMs to total branches of the respective branches has tremendously increased after 2005.

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General Article:
Danger: Competent Workers!

Karlins Marvin, Hargis Edyth and Balfour Alan

Effectively managing human resources is a critical factor in achieving organizational success. Thus, many papers have been written on enhancing the skills and performance of sub-standard or mediocre employees. This article takes a different tack: how to successfully supervise competent workers in the organization. It is suggested that competent employees present their own unique set of challenges at work; challenges that can be met if the “ABC approach” is utilized with these individuals in the workplace.

When it comes to human resource management in the workplace, one thing is certain: learning to effectively manage incompetent or marginally competent subordinates is critical to organizational success. But what about correctly overseeing competent employees? To this inquiry, some managers would respond: “What competent employees!?” or, less cynically, “I don’t worry about my competent subordinates, they know what to do and they do it.”

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