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Management

 HRM Review


November '10
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Change-oriented Leadership in Organizations
Hoshin Planning : A Strategic Planning Tool
Work-Life Balance : An Indispensable Tool for Competitive Advantage
Workplace Diversity : A New Praxis of Today's Global Workplace
Employee Engagement
Role of Knowledge Management in Building Talent in Organizations
Performance Culture : Tool for Developing Performance Management System
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Change-oriented Leadership in Organizations

-- P Manikandan

Notwithstanding the fact that change is a slow and difficult process, leaders play a great role in creating a supportive organizational climate to ensure that organizations are successfully led through the change process, especially in the wake of the diverse challenges faced by the organizations during the recent years. This article discusses the learning approach model of change and reviews the need for change-oriented leaders in organizations to develop skills for various leadership styles that fits best for the various stages of change.

Article Price : Rs.50

Hoshin Planning : A Strategic Planning Tool

-- Meenal Dhotre and Kailas Bhosale

Hoshin Planning is a system of planning and deployment which has evolved in Japan from Management by Objectives concept and is now used widely by many leading organizations. It is based on a PDCA cycle (Plan-Do-Check-Act) to create goals, choose control points and link daily control activities to organizational strategies. However, it cannot be simply `installed' in an organization. The potential benefits from Hoshin Planning can only be gained by understanding and applying the principles to specific organizational situations and by progressively learning from experience.

Article Price : Rs.50

Work-Life Balance : An Indispensable Tool for Competitive Advantage

-- Dr. Divya Malhotra

The article discusses the significance of work-life balance of an employee and tries to provide some solutions to this contemporary global crises which demands for greater stability in the corporate world. It also reflects on the factors influencing work-life balance and on the solutions entailing wider scope for employers and employees to relate the same and attain optimum results and satisfaction in their lives. This could appropriately be understood as the harmony between office and personal life.

Article Price : Rs.50

Workplace Diversity : A New Praxis of Today's Global Workplace

-- NR Aravamudhan

Managing diversity has assumed a matter of immense proportion today. For some time now, companies are coming around to the view that the differences in age, gender, race, ethnicity, religion, culture, and so on can be capitalized by the organizations to leapfrog the competition and shore up its advantage. The benefits of workplace diversity to the business are humongous and the import of the message is not lost on the leading companies. This article traces the origin of workplace diversity, its benefit and potential problems and possible steps companies can take to strengthen their diversity initiatives.

Article Price : Rs.50

Employee Engagement

-- Shashi Tiwari

One of the most important assets that differentiate two organizations is its human resources, each a unique combination of Knowledge, Skills and Abilities (KSAs). It is very important to utilize these talents in the best possible way to gain competitive advantage over others. Only motivation does not work here, it is very important to inculcate a sense of oneness among the employees for the organization's mission and vision. This can be possible only when their efforts are successfully converted into commitment. Hence, the need for employee engagement.

Article Price : Rs.50

Role of Knowledge Management in Building Talent in Organizations

-- Geeta Rana and Dr. Pooja Garg

This article aims at providing a pragmatic framework for efficient talent management program by effective use of knowledge management. It emphasizes on the innovative strategies used in the fields of HRM and knowledge transfer to build an effective talent management program which is essential for competitive advantage. Knowledge management generates knowledge from outside sources, organizes this knowledge on the basis of values and practices of the organization and shares it with employees to develop talent.

Article Price : Rs.50

Performance Culture : Tool for Developing Performance Management System

-- Jyoti Deepak Joshi

Culture is one of the major factors which leads to either success or failure of any organization. Employees working for the organization adapt to the culture of that organization. They should feel comfortable to work in the organization, only then can they perform well and bring success to the organization. Socialization and mentoring helps the new entrant to learn and adjust himself as per situation. A culture where employees learn to perform better and adapt to changes is called as performance culture. To get a competitive edge in this global competition, performance culture is essential.

Article Price : Rs.50

Microsoft India's HR Practices

-- Ramalingam Meenakshisundaram and Besta Shankar

Microsoft began its Indian operations in 1990 setting up Microsoft India Corporation Ltd. in New Delhi. Later, it expanded its footprint in India by bringing all six of its main units of business into the country. The headcount at Microsoft India Development Center at Hyderabad grew from 20 in 1998 to more than 1,500 by the end of 2008, making it the company's second biggest development center in the world. Microsoft India's Human Resource (HR) strategy focused on building organizational capability and strengthening employee engagement to leverage the limited human resources to achieve the company's mission. According to Microsoft India's HR growth model, HR was ultimately expected to be a change leader and business driver. Set in the context of a challenging global business environment, this case discusses the talent management and employee retention practices at Microsoft India, and its use of HR metrics to build accountability of the HR function towards business success.

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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