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Editorial |
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Vol.7, No.4, October-December 2017 Article:1 |
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Title |
How Good is Employee Welfare in Indian PSUs? Some Empirical Evidence |
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Authors |
Srinivas Lakkoju1, Vani Thamma 2 and Nirmala Deepika, K. B.3 |
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Affiliation |
1 Associate Professor-HR, 2Postgraduate Student (MBA), 3Postgraduate Student (MBA), School of Management Studies, Lakireddy Balireddy College of Engineering (Autonomous), L. B. Reddy Nagar, Mylavaram-521230, Krishna District, Andhra Pradesh, dr.lakkoju@gmail.com / tvani4666@gmail.com / deepika.nirmala8@gmail.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2017.12.01 |
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Page Nos. |
187-193 |
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Keywords |
employee welfare, Indian PSUs, empirical evidence, medical benefits, canteen, housing, hygiene |
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Abstract |
Best employee welfare practices help an organization achieve competitive advantage as they keep morale of the employees at a higher point and thereby ensure high degree of employee commitment towards its goals. The present study compared various welfare practices between the two selected PSUs i.e. RINL and BHEL and identified similarities as well as differences in their operations. For example, BHEL is significantly doing better than RINL with regard to welfare activities viz. staff benevolent fund, pension scheme, quality of canteen food, restrooms, medical benefits, cooperative credit society and ambulance and medical services. However, regarding recreation facilities, educational allowance, workplace safety, canteen subsidy, canteen hygiene, workplace hygiene, medical facilities, family welfare, housing facilities, etc. more or less similar conditions exist in both the organisations investigated. This study suggests benchmarking of welfare practices between Maharatna and Navaratna PSEs to achieve welfare excellence and to promote harmonious industrial relations in the industry. |
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Vol.7, No.4, October-December 2017 Article:2 |
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Title |
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Authors |
Elvita Aguiar1 and Reddy, Y. V. 2 |
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Affiliation |
1
PG Student, Department of Commerce, Goa University,
Goa-403206,
elvita.aguiar@gmail.com
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DOI |
http://dx.doi.org/10.11127/gmt.2017.12.02 |
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Page Nos. |
194-205 |
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Keywords |
diversification, corporate strategy, specialization ratio, trend analysis. |
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Abstract |
The present study made an attempt to understand motives of diversification and impact of diversification on financial health of diversified companies. For the purpose of analysis the study focused on the listed conglomerates in the Fast Moving Consumer Goods (FMCG) sector included in NSE Nifty FMCG Index for the purpose of measuring Financial Health and further the diversification classes. The principal data consisted of the Ratios and values of turnover from each firm's business segments, as well as firm equity capital, the profit for each year during the period considered. Using the Rumelts Classification, the companies have been categorized into three - Highly diversified, Moderately diversified and Undiversified - and made the comparisons between the performance parameters easy. The analysis revealed that the overall financial health of the companies was satisfactory. In other words, diversification has led to a sound financial performance of the companies. It is clear that all the companies under study have not performed equally well on all the ratios examined. However, some have performed consistently well on most fronts, while others had revealed uniformly mediocre results comparatively. Though it is difficult to strictly state that diversification has led to good performance, yet it can be emphasized that the diversified companies studied have performed well. It is possible that factors other than diversification could have contributed to this success. |
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Vol.7, No.4, October-December 2017 Article:3 |
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Title |
Coal - A Sustainable Energy Source for Meeting Global Energy Demand till 2030 |
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Authors |
Kolhe, M. R.1 and Khot, P. G. 2 |
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Affiliation |
1 Research Student (Ph.D), 2Professor (Retd.), Dept. of Statistics, R.T.M.Nagpur University, Nagpur, India. mrkolhe1254@gmail.com |
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DOI |
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Page Nos. |
206-213 |
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Keywords |
brundtland commission, global warming, greenhouse effect, PM2.5 levels, sustainable development |
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Abstract |
By all accounts, the modern sense of the words 'Sustainability of Coal' entered the lexicon in 1987 with the publication of Common Future, by the United Nations World Commission on Environment and development (also known as the Brundtland commission after its chair, Norwegian diplomat Gro Harlem Brundtland). That report defined sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Or, in the words of countless kindergarten teachers, "Don't take more than your share." Mahatma Gandhi once said: "The Earth provides-enough to satisfy everyone's needs but not any one's greed." The term sustainability nowadays is commonly used in reference to energy sources such as Coal, oil & natural gas which are prime non-renewable energy sources. Besides economic and social requirements, sustainable energy depends on reliability, efficiency, resilience, adaptability and responsible environmental management. Coal production, based on reserves for more than 100 years, provides reliable economic energy, combined with an innovative and effective environmental management regime. Although renewable energy resources are a priority for the future, hydro, wind, solar, biomass, wave and tidal power are not yet viable enough to produce sufficient base load power. This paper emphasizes on Sustainable Development and utilization of the limited non-renewable energy sources by providing for the present, without compromising the needs and also for the life of future generations. |
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Vol.7, No.4, October-December 2017 Article:4 |
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Title |
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Authors |
Kavitha, S.1 and Bhuvaneswari, R 2 |
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Affiliation |
1 Associate Professor, 2PhD (FT) Research Scholar, Department of Management, GRG School of Management Studies, P.S.G.R Krishnammal College for Women, Peelamedu, Coimbatore 641004, Tamil Nadu, kavitha@grgsms.ac.in , buva22@gmail.com |
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DOI |
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Page Nos. |
214-221 |
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Keywords |
equity investor, social media, social networking sites, stock market |
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Abstract |
Social media is a rising and emerging trend in the world today. Social media networking allows users to easily and quickly share pictures, ideas, links and messages with other users; theoretically making easy social interaction. It is being used by students, parents, professionals, business people, religious organizations and so on. Nowadays, it is used by investors for gathering and sharing the investment information, better communication and doing research purpose also. One of the survey results showed that getting timely information and industry updates was the most common reason to use social media. This paper has attempted to study about the usage pattern, preference and perception of equity investors towards the social media in Coimbatore city. Data were collected using a structured questionnaire from the equity investors of selected stock broking firms in Coimbatore city. The collected data were analyzed using percentage analysis, multiple response analysis and weighted average rank analysis. Results reveal that most of the equity investors are aware of the social media and being used effectively in their investment decision making. |
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Vol.7, No.4, October-December 2017 Article:5 |
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Title |
Global Human Capital: Regional, Income and Cultural Differences |
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Authors |
Dulababu, T. |
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Affiliation |
Professor and Area Chair-General Management, Alliance School of Business, Alliance University, Chikkahagade Cross, Chandapura - Anekal Main Road, Anekal, Bangalore-562106, Karnataka, India. +917899277311 / tapaldulababu@gmail.com |
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DOI |
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Page Nos. |
222-229 |
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Keywords |
human capital, power distance, uncertainty avoidance, culture diversity |
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Abstract |
Global Human capital (GHC) raise is goal of every nation. It is the outcome of factors such as knowledge and skills people possess that enables them to create value in the global economic system. This research probes whether the scores of human capital, provided by the Global Human Capital Reports from World Economic Forum, is same among the continent-regions on average, high income earning nations have more human capital formation and hence depicting high GHC index on one hand and whether the scores of human capital differ among the different cultural models based on the five dimensions proposed by Hofstede's on the other hand. Further the research suggests how best the countries of low human capital should strive for economic development, create employment opportunities and boosting their income and hence the nations can spend more on education and training to maximize employability skills and more people really become a part of the GHC and transform their cultures by adopting best practices to reach the highest global human capital. |
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Vol.7, No.4, October-December 2017 Article:6 |
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Title |
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Authors |
Vikas Sawhney1 and Gaurav Sehgal 2 (Corresponding Author) |
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Affiliation |
1 Research Scholar, Department of Tourism and Travel Management, Central University of Jammu (CUJ), Jammu, India, Email: vikassawhney16@gmail.com , 2Head & Associate Professor, Department of Marketing & Supply Chain Management, Central University of Jammu, E- mail: gsks2@rediffmail.com |
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DOI |
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Page Nos. |
230-241 |
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Keywords |
culture, heritage, stakeholders, mubarak mandi, conservation, preservation and restoration (CPR) |
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Abstract |
Heritage can be defined as anything that is inherited from the ancestors including cultural and social beliefs. It acts as a bridge connecting past, present and future. Heritage and culture run hand in hand as there will be no heritage without culture. Heritage serves as a representative for the community that makes them different from other communities. The concept of Cultural Heritage Management (CHM) is necessary in order to conserve and preserve heritage for the future generations. This study aims to analyze the gap between the expectations and performance of the stakeholders involved in the conservation and restoration of Mubarak Mandi Heritage Complex. Using a case study approach, the study examines the Conservation, Preservation, Restoration (CPR) process at the chosen heritage site within the framework of stakeholder's theory. The study is important because a gap analysis of expectation and performance of the stakeholders involved in the CPR process at the chosen heritage site helps us understand the underlying reasons for its unsuccessful implementation despite adequate funding. In this context stakeholder's theory is a helpful framework for the study. The study has implications for the stakeholders involved in the cultural heritage management of MMHC. Qualitative analysis of the data collected revealed following relevant themes Mubarak Mandi building, Role of stakeholders, Process, Present Conservation Status, Work of ASI. The data has been analyzed using Nvivo11. |
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Vol.7, No.4, October-December 2017 Article:7 |
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Title |
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Authors |
Sudipta Majumdar1 and Sukanta Chandra Swain2 |
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Affiliation |
1 Faculty Member, ICFAI University Jharkhand, Ranchi, India, E-mail: smajumdar2004@gmail.com , 2Professor, ICFAI University Jharkhand, Ranchi, India, E-mail: sukanta_swain@yahoo.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2017.12.07 |
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Page Nos. |
242-247 |
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Keywords |
mapping of psychographic variables, preference for green food products, study in and around Kolkata (India) |
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Abstract |
Since green products ensure safety and sustainability from health and environmental point of view, research on green products from consumers' perspective has been the need of the hour. Considering this, our earlier researches have focused on identification and prioritization of factors influencing preferences for green products - both food and cosmetic products. It has been evidenced in many researches that the psychographic variables influence the consumers' preference for Green products. Thus, this study tries to establish whether there is any significant impact of the above mentioned psychographic variables on the consumers' preference towards green food products. Psychographic profiles considered in this study are; Environmental Consciousness, Price Sensitivity, Innovativeness in buying products, Involvement in buying products and Health Consciousness. In fact, the objective of this paper is to map psychographic variables (on the above mentioned facets) with their preference by way of applying one-way ANOVA for the data obtained from 400 respondents (green food product users) selected from Kolkata, India and in and around of it. The findings so obtained will certainly lend a hand to contrive for stretching the incidence and depth of usage of green food products focusing on influential facets of the psychographic variables. |
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