1. Apparel Retailing in Mauritius: Framework and Review
Author: aProfessor of Fashion Design and Merchandising, Academic Affairs, University of Louisiana, Lafayette, 70504, USA, Email address: robeck@louisiana.edu bAssociate Professor of Applied Sustainability and Enterprise Development, University of Mauritius,(Pages: 01-16)
Abstract:
Little is known about the apparel retail market potential of Mauritius, a small island country in Africa. Categorized as a lower level country with regards to retailing, Mauritius with its growing middle class, is positioned for retail expansion. This paper presents a conceptual framework classifying existing apparel retailing stores by strategic mix. Using a metatheory approach, propositions are presented in relation to opportunities and challenges for retail development. Review of current retailing confirms that Mauritius is opportune for international and national growth. The paper discusses the presence of international apparel firms, national sourcing, and apparel products reflecting the customs and culture of Mauritius.
Keywords:Mauritius apparel retail, international retailing, retailing
2. Employees Perceptions and Attitudes towards HRD Climate (A Study of Selected Branches of State Bank of India in Andhra Pradesh)
Author: L. Srinivasa , G.V. Chalam*b aAssociate Professor, School of Management Studies, Lakireddy Balireddy College of Engineering (Autonomous), Mylavaram, Krishna Distt., A.P. E-mail: dr.lakkoju@gmail.com b*Chairman, Board of Studies(PG) in Commerce ,(Pages: 17-29)
Abstract:
Today, Indian banking Industry is facing problems of unprecedented changes in technology, increased competition and the need to provide high quality financial services to customers. This has necessitated changes in the way business is conducted and has dramatically altered the skill requirements of employees. The effective use of technology has resulted in significant improvement in efficiency and productivity. It has become inevitable for banks to train and develop the skills of their employees in tune with the technological changes and increasing urge for retention of customers. In the light of these developments, Indian banks are looking forward to provide opportunities to their employees to continuously upgrade their skills and utilize their potential to the fullest extent.
Commercial banks in India, to compete with new private and foreign banks need to gear-up their workforce through proper HRD practices. Thus, HRD in the context of banking sector not only mean to impart new knowledge and skills of the employees but also develop their capabilities to meet the needs of both internal and external environment, attaining self-confidence and motivation for public services. Against this background, this paper aims to explore HRD issues and possible areas for improving HRD systems in State Bank of India which is a prime bank in the Indian banking industry. The study identifies variations in HRD climate perceptions and attitudes of employees of the bank under study.
Keywords:HRD Climate, HRD Mechanism, Employees, Perceptions, Technological Changes, Quality Circle, Career Counseling
3. Problems and Prospects for Corporate Governance in Bangladesh: Some Case Studies Basis Analysis
Author: Victoria Wisea, Muhammad Mahboob Alib*, S. K. S. Yadavc aAssociate Professor, Deakin Graduate School of Business, Deakin University, Melbourne, Australia bVice Chancellor and Dean, M.H. School of Business, Presidency University, Dhaka, Bangladesh cA,(Pages: 30-54)
Abstract:
Bangladesh is one of the least economically developed countries in the world. A
lack of corporate governance creates problem for the economic development of the
country. This study has been undertaken to observe whether corporate governance
is being well-executed in Bangladesh and to inform views about which approach to
corporate governance will be more acceptable to the country. The study has
examined five cases to see whether corporate governance is properly utilised in the
country. It is suggested that monetary, fiscal and exchange rate policies should be
applied with appropriate diligence by the Securities and Exchange Commission,
the Bangladesh Bank and the National Board of Revenue. It is expected that value
can be added through arranging primary and supportive activities. Attention to
inbound and outbound logistics is likely to improve productivity, enhancing
profitability, long run sustainability and creating distinct competencies for the
Bangladesh economy. Ultimately this may help to improve gross domestic product
and the basic needs of the population.
Keywords:Corporate Governance, Bangladesh economy
4. Factors Determining Service Quality Aspects of Banking Sector in India (With Special Reference to Delhi NCR- A Pilot Study)
Author: Anand Sharmaa, Ashish Gupta*b, Sandeep Kumar Bhartic aCentral University of Haryana, Mahendergarh bDr. Hari Singh Gour Central University, Sagar, MP cTeerthankar Mahaveer University, Moradabad,(Pages: 55-62)
Abstract:
In present-day globalized era, companies are vigorously focusing on retaining
existing customer in cut-throat competition. Customer loyalty is very significant
in creating and retaining competitive advantage in the service industry
specifically in sectors like banking industry in India. This realization has made
industry researchers and academics to pay more and more attention to study
service quality dimensions and their impact on customer satisfaction and loyalty.
This study aims to find important dimensions of service quality and study
whether service quality dimensions affects customers satisfaction. The paper is
based on empirical study to analyze service quality dimensions of banking services
in banks located in Delhi-NCR region. For this purpose primary data was
collected through a scientifically developed questionnaire. The questionnaire has
been personally administered on a sample size of 100, chosen on a convenient basis
in Delhi-NCR region. The study found Tangibility, Reliability, Responsiveness,
Assurance, Empathy and Assurance as reliable factors to measure service quality
of banking services. Service quality dimensions leads to customer satisfaction
which ultimately helps in maintaining customer loyalty.
Keywords:Banking sector, Service quality, Customer satisfaction, Customer
loyalty
5. CSR for “Red Light Area Workers”: Psychiatry on Brothel Houses in the Perspective of Bangladesh
Author: Md. Shahriar Parvez* Assistant Professor, Department of Business Administration, City University, Bangladesh. msparvez_educator@yahoo.co.uk,(Pages: 63-74)
Abstract:
The area under discussion “Corporate Social Responsibility” in its present form
and content has gained popular attention only in recent years, its origin can be
traced back to the evolution of the concept of a welfare state. This gave rise to the
idea of a welfare state, which was further strengthened by the growth of democracy
and of respect to human dignity during the last 150 years. From that view point
our research is conducted on the very sensitive area of any society that means
“BROTHEL HOUSE in Bangladesh” The changing image of business in the
recent years has lent further support to the idea of social responsibility. The study
uses primary (20 respondents from three categories of sex workers (SW) were
selected randomly for interview) 51 were floating, 76 were brothel workers and the
rest, 94, were hotel sex workers and published secondary data from various
relevant sources financial reports, websites, journals, publications and the
researcher have used experience regarding the country’s socio economic culture.
Corporate Social Responsibility is vital part of every corporate. Historically,
business organizations were created as economic entities designed to provide goods
and services to societal members as well as BROTHEL members. The profit motive
was established as the primary incentive for entrepreneurship. Before it was
anything else, business organization was the basic economic unit in our society.
As such, its principal role was to produce goods and services that consumers
needed and wanted and to make an acceptable profit in the process, for this reason
they should provide CSR towards Sex Worker.
Keywords:Corporate Social Responsibility, Sex Worker, Brothel House,
Corporate Culture, Stakeholders.
6. Modern Technologies and Wetland Farming in Edo State, Nigeria
Author: C.C. Aghanenu Department of Economics College of Management and Social Sciences Novena University, Ogume Delta State,(Pages: 75-87)
Abstract:
The objective of this paper is to investigate how farmers in wetland (FADAMA)
farmer areas in Edo State respond to modern technologies. Data were sourced from
both primary and secondary sources and analyzed using frequency tables,
percentages and mean statistical technologies. The results of the analyses reveal
that the farmers are disposed to adopt FADAMA technologies based in there with
literacy rate. FADAMA projects represent a more recent approach of Federal
Government to increase agricultural production in the country. The objectives of
the FADAMA project include the provision of support for water management
systems is low lying flood plains so that farming activities can go on, particularly
in the season, improve output and enhance farmers’ income.
Keywords:Technologies and Wetland farming.
7. Child Labour-The Socio Economic Aspect
Author: Deepa Singh Yadava, Prakash Chand Gopalanb aDepartment of Law, Meerut College, Meerut, U.P. India Email Id: deepa.singh0102@gmail.com bDeptt. of Political Science, K.N. Govt. College, Gyanpur, Badhoi, U.P. India,(Pages: 88-95)
Abstract:
Child Labour has become one of the worst problem in our country it is important
to understand the value of child otherwise it will spoil our nation as they are the
future of it. No nation can develop if the children are not shaped as useful citizen
and protected from hazards of social disparity. The main cause of child labour is
population. Population is increasing day by day and sources of income are getting
less day by day. Poor and illiterate parents force their children to work and earn
their livelihood they believed more hand will earn more money so they give berth
more child than one. Due to lack of education they do not understand the true
facts. They do not send their children to school. They think it is the useless thing.
Government of India running several schemes like, Mid-day meal, free and
compulsory education to children, Kanya Vidhya Dhan to attract children
towards the school. Government has also taken several steps legal and
administrative to address child abuse. Through this Article, the author wish to
bring into the notice of the parents not to send their children for Labour and
provide them all the possible facilities and opportunities required for all over
development of his/her personality.
Keywords:Mid-day meal, free and computer education to children, Kanya
Vidhya Dhan, Weaker section, Domestic work, Hazardous child labour,
Agriculture labour
8. A Study of Legal Risk Associated with Financial Derivatives
Author: S.K.S. Yadava*, Manpreet Kaurb a Associate Professor, Department of Commerce, Meerut College, Meerut, U.P., India Email: sudhiryadavmeerut@gmail.com b Associate Professor, Deptt. of Management Studies, NGF College of Engineering & Technology, Palwal,(Pages: 96-106)
Abstract:
The study examines the concept and the elements of legal risk associated with
financial derivatives. A model of legal risk has been developed based on the
literature review. A survey conducted on institutional investors and financial
institutions there is awareness of the legal risk associated with derivatives. The
limitation is that they could correlate it with documentation only whereas legal
risk is multi-dimensional in nature. It is this very nature of legal risk makes it
difficult to identify its origin. The involvement of legal firm while entering into
derivatives contract becomes important because of the multiple laws and multiple
regulatory agencies governing the derivatives. But organisations shy away from
involving legal firms for their services mainly because of incomplete
understanding of the whole concept of legal risk in derivatives and the other
reasons being the long procedure of documentation and the cost of legal services.
The other significant reasons of not involving legal services are lack of legal
expertise and the organisation may itself not be very particular about the laws.
Regulation of derivatives does hold a major concern for the participants and even
self-regulation by the trading organisation was suggested as a significant means of
regulating the derivatives market. Organisations have failed to identify legal risk
as one of major risks associated with derivatives. The major focus is on managing
liquidity risk followed by operating risk. Hence, the organisations have failed to
make a separate policy for legal risk management. The main legal risk faced by the
organisations with reference to all derivatives is that the other party to the
transaction will fail to pay. The study finally suggests a model for managing legal
risk.
Keywords:Legal risk, derivatives, documentation, regulation.
9. A Critical Analysis of Indian Mutual Funds Sector: A Case Study of Unit Trust of India (UTI) Mutual Fund, Bank of India (BOI) Mutual Fund and Tata Mutual Fund
Author: Meenakshia*, S.K.S. Yadavb aDeptt. of Commerce, Meerut College, Meerut, U.P. India Email Id: drmeenakshi82@gmail.com b Deptt. of Commerce, Meerut College, Meerut, U.P. India Email Id: sudhiryadavmeerut@gmail.com,(Pages: 107-115)
Abstract:
Mutual Fund as an institutional investor plays a vital role in causing the stock
market to function on sound and healthy lines. Worldwide, the mutual fund or
Unit Trust as it called in some parts of the world has a long and successful
history. The popularity of mutual fund has increased manifold. In developed
financial markets, like the United States, Mutual Fund has almost over taken bank
deposits and total assets of insurance fund. In the US alone there are over 5000
Mutual Funds with total assets over US $7000 billion.
In India, the mutual fund industry started with the setting up of Unit Trust of
India in 1964. Public Sector Banks and financial institutions began to establish
mutual funds in 1987. The private sector and foreign institutions were allowed to
set up mutual funds in 1993. Today there are around 40 mutual funds and over
300 schemes with total assets of approximately Rs. 97000 crores. The paper
presents an analysis of Mutual Fund Sector in India with the study of three
significant companies of India.
Keywords:Mutual Fund, Capital Issue, Asset Management, Custodian, Trustee
10. Inclusive Human Resource Development through Higher Education -A System Approach
Author: Subrata Ghosha, Arup Barmanb* aResearch Scholar, Department of Business Administration, Assam University, Silchar-788011, Assam, India Email:subrata.news@gamil.com bAssociate Professor, Department of Business Administration, Assam University, Silcha,(Pages: 116-120)
Abstract:
This article reflects the inclusion of higher education among poor and
marginalized people for a sustainable development and finding new ways to be
incorporated. The global educational phenomenon is feeling about inclusion of
neglected society. In India still the major portion of poor and marginalized people
are being deprived from getting higher education. Higher education brings
awareness for social and personal health, employment, income generation,
economic growth, human right and so on. There are many universities around the
world, thinking of inclusion of the poor and marginalized people in higher
education for sustainable development as a part of their educational social
responsibility. This article will show some direction and ways for the inclusive
social development through higher education.
Keywords:Higher education, Marginalized, sustainability social development,
equity
11. Insolvency Law in India with Special Reference to Corporate Insolvency
Author: Deepti Kanojiaa, Meenakshib aDeptt. of Management, M.M. College, Modinagar, Ghaziabad, U.P. India Email Id: kanodeep@gmail.com bDeptt. of Commerce, Meerut College, Meerut, U.P. India Email Id: drmeenakshi82@gmail.com,(Pages: 121-126)
Abstract:
The Corporate insolvency is dealt under the Companies Act of 1956. Besides the
Companies Act the other relevant legislations are – the ‘Sick Industrial Companies
(Special Provisions) Act, 1985 (SICA) this is currently incorporated into the
current amended Companies Act, the Recovery of Debts due to Banks and
Financial Institutions Act, 1993 (RDDB Act). The related legislations are ‘The
Transfer of Property Act, 1882, and ‘The Securities and Exchange Board of India
Act 1992. The Companies Act has since seen as many an amendment. Some of the
major amendments to the Act were made through Companies (amendment) Act of
1988 on the recommendations of Sachar Committee and then again in 1998, 2000
and finally in 2002 though the Companies (Second Amendment) Act of 2002 as a
consequence of Eradi Committee Report. The Eradi committee was set up by the
Government of India in 1999 and was headed by Justice Eradi – a retired judge
from the Supreme Court of India
Keywords:Insolvency, SICA, SARFAESI, RDB, BIFR, ARCIL
12. Socio–Cultural Influence on Women Entrepreneurs: A Study of Uttarakhand State
Author: Dharmendra Kumar Assistant Professor, Department of Commerce Govt. P.G.College Lohaghat, Uttarakhand Email id: dr.dheeraj1972@gmail.com,(Pages: 127-139)
Abstract:
The position of women and their status in any society is an index of its
civilization; entrepreneurship has been considered as the backbone of economic
development the contribution of women entrepreneurs to economic activity and
employment has increased over time. Women entrepreneurs have created a variety
of new ventures and contributed to the development of a range of services and
products; they are not only employed but are a reason for others employment by
proving them job. Present study is analyzing the influence of socio cultural factors
on women entrepreneurs of Uttarakhand State with specific aim to identify sociocultural
factors and women entrepreneurs’ perception towards those, to find out
the impact of socio- cultural status and locale on women entrepreneurs and to
examine the effect of socio- cultural factors on women entrepreneurs. To attain
those objectives three districts each from Garwal region and Kumaun region has
been chosen from which 280 women entrepreneurs as sample was selected. Due
care has been given to random and quota sampling while selecting the sample. Pre
tested questionnaire was used to collect the primary data and statistical techniques
like percentage method, mean, bar diagram, t test and ANOVA was used to
analyse the data. Through the research I found that entrepreneur’s socio – cultural
status, their residential background has significant impact on the opinion, views
and behaviour of women entrepreneurs, research also concluded that sociocultural
factors significantly affect women entrepreneurs and their contribution
towards state economy. Many of the socio-cultural factors are identified highly
influential on entrepreneurship
Keywords:Entrepreneurs, women entrepreneurship, empowerment, state
economy, socio-cultural
13. Global Human Resource Management
Author: Pallvi Vadehraa*, R.C. Lalb aResearch Scholar, MM College, Modinagar, U.P. (India) Email Id: pallvivadehra@gmail.com bAssociate Professor, MM College, Modinagar, U.P. (India),(Pages: 140-149)
Abstract:
Global Human Resource Management is a complex, multifaceted field that
requires Human resource Managers to have the ability to juggle priorities and
excel at a number of tasks often strategically. The globalization of business is
making it more important than ever to understand how Multinational Companies
(MNCs) can operate more effectively.
This paper deals with the latest Trends and complexity of “Human Resource
Management” in context of global business. The trends in Global HRM are
shaped by competitiveness, downsizing, outsourcing, more diverse workforce and
a Cross Cultural Management. On the contrary, the cultural differences
significantly affect many aspects of “Global Human Resource Management”, such
as recruitment and selection, performance appraisal, compensation, career
development and retention. The problem here is to balancing and managing the
global trends in HRM with the influence and respect of national cultures.
Keywords:Cross Cultural Management, Human Capital Management,
Globalization
14. An Evaluation of Workers’ Participation in Management of Private Sector Enterprises (A Case Study of Moser Baer India Ltd.)
Author: Smita Singha*, D.R. Yadavb aResearch Scholor, Mewar University Chittorgarh Rajasthan (India) b Associate Professor, Faculty of Commerce and Business Administration, Meerut College, Meerut, (U.P), India. Email: dryadav3510@gmail.com,(Pages: 150-160)
Abstract:
In a democracy, participation of the people in the political process is an essential
ingredient of the system. Similarly, Workers Participation in Management is an
extension of this political process to work place relations. Keeping in view the
democratic way of working, Worker Participation in Management has become a
mandatory situation in developed and developing countries. The contents and
structure of Workers Participation in Management is more important and is being
debated in all industries to make it a ‘best fit’ as per their own working conditions.
In other words, it can be said that it is a total involvement of people in the
organisation to bring a democratic culture at the work place. Human resource
development (HRD) is a subject of great relevance in a developing and most
populous country like India. Of all the resources, the “Human Resource” is the
most crucial and difficult to tackle and without these resources, the development of
physical/financial/technical resources of the country is not possible. Thus, there is
a need to mobilize the human resource- with the purpose to enable them to
participate effectively in the task of nation- building. Mobilization would include
the need to develop the human resource, skills, attitudes, aptitudes so that they can
competently achieve the predetermined goals. HRD, thus constitutes a most
complex and challenging problem. In an industrial society a state of harmony and
goodwill between the management and its workers is usually an objective. This is
not always possible where two groups exist, each with different ideologies, goals
and interests may be in conflict. Conflict is, therefore, inevitable and could also
prove healthy in the sense that it brings inherent problems to the fore. The cause of
conflict, the mechanisms to resolve conflict, and the outcome of conflict, are all
governed by each situation. In this research paper we studied the workers
participation in management of Moser Baer I
Keywords:Teamwork, Efficiency, Enthusiasm, Safety of human resource,
Industrial democracy, Socio-cultural environment.
15. Financing Micro, Small and Medium Enterprises (MSMEs) and the Challenges of National Development in Nigeria: Lessons from India
Author: Ngboawaji Daniel Ntea, Otu Ekpenyongb aAfrica Regional Representative, American Heritage University of Southern California, 255 North D Street San Bernardino, CA 92401 E-mail: ngbodante@gmail.com & ngbodante@yahoo.com Tel: +238064304406, +2348075310,(Pages: 161-171)
Abstract:
It is an immutable fact that micro, small and medium enterprises (MSMEs) have
remained the bed rock of economic growth and development not just in the
developing economies but in advanced economies as well. In Nigeria, this sector
has remained pivotal and must be sustained for economic growth and survival.
While the above facts cannot be over emphasized, it must be stated that financing
MSMEs has remained a nagging challenge that must be tackled to give this sector
the needed lifeline for a sustained economic development. Consequently, this work
tries to review the Indian model of MSMEs financing as a useful one for Nigeria
to copy and modify to suit local conditions and reinvent this ailing sector. While
the Indian MSMEs cannot said be perfectly financed, they represent useful models
of institutionalized financing of an all-important sector that Nigeria can learn
from. The study is comparative and relies on secondary data that are well
organized in a coherent manner to give the work the desired social science research
foundation.
Keywords:Financing MSMEs, External Credit, Demand, Supply Credit Policy
16. Rural Tourism: A Prominent Niche for Indian Tourism
Author: Neha Sharmaa, Amar Kumar Tiwarib Research Scholars-Centre for Mountain Tourism and Hospitality Studies, H.N.B.Garhwal University (A Central University), Srinagar, Garhwal, Uttarakhand E-mail:tourism.neha@gmail.com, amaribm2007@gmail.com,(Pages: 172-181)
Abstract:
Rural India has much to offer to the world rich in tradition of arts, crafts, and
culture. Rural India can emerge as important rural tourist destination. Those who
have a craze for knowledge about traditional ways of living ,arts and crafts can
possibly be attracted to visit the country life of India, if the concept of rural
tourism is promoted strategically .Tourism growth potential can be harnessed as a
strategy for Rural Development. The development of a strong platform around the
concept of rural tourism is defiantly useful for a country like India, where 74% of
the population resides in its 7 million villages. Across the world the trends of
industrialization and development have had an urban centric approach. Alongside
the stress of urban lifestyle have led to a “counter-urbanization” syndrome. Rural
tourism is one of the few activities which can provide a solution to problem like
falling income level and lesser job opportunities. Besides, there are other factor
which is shifting the trend towards rural tourism like increasing level of
awareness, growing interest in heritage and culture and improved accessibility
and environmental consciousness.
The government, of late, has realized what the rural India can offer to the world.
The tenth five year plan has identified tourism as one of the major sources for
generating employment and promoting sustainable livelihoods. The union
ministry of tourism in collaboration with UNDP has launched the endogenous
tourism projects linked to the existing rural tourism scheme of the government.
The UNDP has committed $ 2.5 million for the projects. UNDP will help in areas
of capacity building, involvement of NGOs, local communities and artisans forge
strong community-private and public sector partnership. The government also
decided to develop necessary infrastructure for facilitating rural tourism.
The researchers, realizing the above facts and abundant opportunities in this field,
is submitting this re
Keywords:Rural Tourism Planning
17. Herbal (Organic) Cosmetics the way ahead in Modern India
Author: Sameer A. Virani Associate Prof, METIOM. Email id: sameerv_iom@met.edu., viranisameer@yahoo.com .9892016968,(Pages: 182-194)
Abstract:
Purpose/Research aim of this research is to identify various factors and their
perception amongst the consumers on consumers belonging to various income
groups , this paper investigates how the need for this research comes from growing
consciousness of ill effects of chemical based cosmetics almost Indian customers. In
the light of these developments, it seems important for a retail chain of perfumes
and cosmetics stores, to use its competitive advantage and effectively apply right
communications and Segmentations strategies towards organic cosmetics
range. For Design/methodology/approach the research approach used both,
exploratory qualitative tool such ad FGD and quantitative research tool such as
Factor analysis and ANOVA. For obtaining qualitative data, eight beauty experts
were invited for F.G.D. This qualitative data became the basis of the quantitative
study consisting of a survey with 100 respondents. Findings The using of a
various communications strategies in their campaign and proper segmentation ,
which may prevent the wrong positioning of brand images or help
the organic brand reflecting a different positioning as compared to non organic
counter parts.
Keywords:Organic cosmetics, Segmentation, Communication channels