Advances In Management

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Advances In Management

Vol. 7(2) February 2014

Evolving Relationship between the Parent and Subsidiaries in Multinational Companies

Miroshnik Victoria and Basu Dipak

There are some specific espoused values in every important multinational company which form their organizational cultures and create values which in turn may form commitment of its employees. The transmission of organizational culture from the headquarters to subsidiaries appears to be a core of the mechanism of managing overseas subsidiaries in multinational companies. The problem of setting up operations in a foreign country with a very different culture has its transaction cost. The thrust of the argument regarding the transaction cost is that companies design their managerial control to promote the reductions of these transaction costs. Both political and cultural problems reinforce the transaction cost arguments. The central question in the literature on MNCs is the extent to which their various foreign affiliates (or subsidiaries) act and behave as local firms versus the extent to which their practices resemble those of the parent corporation or some other global standard.

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Impact of Macroeconomic Indicators on Euro Currency

Yadav Shailaja P.

This study presents a broad understanding of the Forex market, its participants and the methods used for analysis of the Forex markets. This research focuses on the currency Euro and the major economic indicators of the Euro zone. This research aids in understanding the movement of the Euro to the timely releases of Euro-zone economic indicators. Further this study also helps in determining the movement of the euro in a particular direction in the short term. Data was analysed using inferential statistics. Thus findings of this study revealed that the Flash GDP is at the top spot as the most important economic indicator in business survey as it contributes 5.3 percent of changes in EUR/USD. German Prelim GDP is second most important economic indicator in business survey as it contributes 3.5 percent of changes in EUR/USD. German ZEW Economic Sentiments contributes 2.7 percent of changes in EUR/USD.

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Demographic and business related effects on leadership styles of Chinese and German managers

Ronald, Sun Linyan and Zhu Valerie

This article sheds light on the effects of demographic and business related factors on leadership behaviour by surveying 203 German managers and 778 Chinese business leaders. ANOVA analysis indicates that Chinese managers’ leadership behavior is strongly affected by the factors age, the educational level, the position in the company, job tenure and the nature of business sectors. The latter two businesses related factors also execute substantial effects on German managers’ leadership styles. Further distinctions evolve; the factor company location has impacts on Chinese managers’ but not on German managers’ values. This indicates a distinctive Chinese intra-cultural variety which may have arisen from a much larger country size compared to Germany.

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Sickness in Micro, Small and Medium Enterprises in Kozhikode District – A Study

Suresh A. and Haneesh P.

Industrial sickness is a universal phenomenon. Micro, Small and Medium Enterprises are vital part of the Industrial sector of India. The sector spreads throughout the country and also suffers from the problem of sickness. In the context of Kerala where the unemployment problem is acute and the MSME is the largest provider of employment, a study of such an issue assumes greater significance .This study covers the sickness among MSMEs in Kozhikode district of Kerala.

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Corporate Governance and Capital Structure: Evidence from listed firms in Nigeria Stock Exchange

Uwalomwa Uwuigbe and Daramola Peters Sunday

This study basically examined the relationship between corporate governance and capital structure decisions of listed firms in Nigeria. However, based on the availability of data for the study, corporate governance variables were considered (board size, CEO duality, board composition and managerial ownership) while debt to equity ratio was adopted as the criterion for capital structure. To accomplish this objective, the annual report for the period 2006 -2011 was analyzed. In addition, the study considered a total of 40 listed firms in the Nigerian stock exchange market. The choice of the selected firms’ was made based on the capital structure and the equity ownership structure of the listed firms.

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An Evaluation of Training Effectiveness for the Competencies Development of Hotel Employees in Goa State

Patil Sunil Subhash and Chougale Praveen N.

In the present era of changing business environment when organizations are competent to tie together successfully the competency, energy and motivation of their human resources, they will have a model competitive business edge. The competencies of the workforce sharpened and structured to their full potential will significantly increase the overall worth and competitiveness of the business organization. Human Resource Development (HRD) has undergone numerous changes that reflect the dynamic factors in the corporate world of globalization. It is argued that increased need for improved performance requires that human resource systems in organizations use supplementary competent methods for tasks such as identification, recruitment, measurement of employees’ performance and improving the training and education of the workforce. From now on, the excellence of human resources will be the engine for potential and sustained growth and will be the critical factor in the destiny of a nation. HRD as a promoter of various forms of learning possibilities in the place of work has gained increasing significance in changing work organizations. Human resource development sub-systems comprise performance appraisal, potential appraisal, career planning, training, performance coaching, organization development, employee welfare, rewards, competencies, qualities of work life and human resource information system. For the effective functioning of any organization, there is need of evaluation of training effectiveness.

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Leadership styles

Nanjundeswaraswamy T. S. and Swamy D. R.

In this global competitive environment, effective leadership style is necessary to reduce the attrition rate. From the effective leadership styles only it is possible to achieve organizational goal productively. Leadership styles affect on the employee performance and productivity. This paper summarizes and analyzes the available literature of leadership styles and effect on different components of Quality of work life.

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