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Management

Effective Executive


Dec.'13
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What’s All This Talk About Being Authentic?
Culture Is the Brand: Making Your Company’s Culture the Essence of Your Brand
Transformational Leadership: Getting Future-Ready
Small Trying to Be Big and Better: The Role of Branding
Smart CEO of the Business Samrajya: Management Views from Kautilya’s Arthasastra
Female Breadwinners: Resultant Feelings of Guilt and Shame
Marketing McDonald’s in India
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What’s All This Talk About Being Authentic?

-- Dan Coughlin

Article Price : Rs.50

Culture Is the Brand: Making Your Company’s Culture the Essence of Your Brand

-- Bob Murray

The purchase decision is based on whether the two sides to the transaction have enough real or potential commonality for their brains to decide to strengthen or make real that relationship by means of a purchase/sale of goods or services. Many studies have shown that salespeople who emphasize what they have in common with a client or customer are more successful than those who concentrate on waxing lyrical about what they are selling. Studies have also shown that one of the primary motivators of salespeople is the need to create relationships with their customers.

Article Price : Rs.50

Transformational Leadership: Getting Future-Ready

-- Rekha Attri

The future is uncertain, which makes us look at it with a lot of excitement and anticipation. But can we still predict with certainty that a particular phenomenon would occur in the future? There is a trend which is followed in the present and there is always scope for something better to replace the present trend. This scope can be considered as a lacuna or void, which gets identified/noticed by a select few who feel that the present is incomplete and some correction is imperative. Out of these select few, only one or two individuals would take an initiative to fill that void by criticizing the convention that is shaping the present. The initiatives of these individuals to bring about a change strikes a chord with many more who feel the same way and their collective support gives rise to a changed way of visualizing the situation which drives an action plan for better preparedness for the future. Businesses today need to build an effective ‘radar’. This involves developing systematic, organization-wide approaches to scan the future external environment for opportunities and challenges. This paper endeavors to find answers to questions like how to handle uncertainties and be prepared for the future.

Article Price : Rs.50

Small Trying to Be Big and Better: The Role of Branding

-- Stephanie Jones

When starting up a new business, branding is the key to success—especially in terms of the company’s name—to start with. What is the nature of the business and which words produce associations which can help develop this? In many cases, you will be trying to look like your embryonic business already has critical mass—credibility, size—so adding ‘international’ or ‘global’ can help. Can a small business, with the clever use of branding, scale up or, due to the nature of the business, stay just one? Sometimes, a business can become more than this—but sometimes it is hard to grow.

Article Price : Rs.50

Smart CEO of the Business Samrajya: Management Views from Kautilya’s Arthasastra

-- K Latha

Kautilya, well-known as Chanakya, was the backbone of Mauryan dynasty. He has contributed various principles for effective administration in his book Arthasastra. Arthasastra deals, in detail, with the qualities and disciplines required for a Rajarshi—a wise and virtuous king. “In the happiness of his subjects lies the king’s happiness, in their welfare his welfare. He shall not consider as good only that which pleases him but treat as beneficial to him whatever pleases his subjects,” wrote Kautilya. The views of Kautilya are more applicable to today’s competitive business environment. The business organization is the kingdom and the CEO is the Rajarshi. The success or failure of any corporate is vested in the hands of the CEO or Chairperson who is running the organization. A disciplined and self-controlled leader is ever active in promoting the growth of an organization by satisfying the desire of the customers and enriching the employee fraternity, as the king ensures a quality life for his subjects.

Article Price : Rs.50

Female Breadwinners: Resultant Feelings of Guilt and Shame

-- Kurt April and Zaheera Soomar

This paper explores the constructs of shame and guilt, the role of these constructs in women fulfilling the role of breadwinners within their marital or family units, and the impact it had on the unit. The paper also explores the challenges that these women faced within the society, the workplace, their family unit and in their marriages. A phenomenological approach was adopted for this paper and was based on semi-structured interviews (n = 20) with South African women who were the main/sole breadwinners within their marital family unit. Two key findings emerged from this study, the first being the existence of ongoing guilt and shame in the lives of women fulfilling breadwinning roles, and the second being the direct link between the areas of a respondent’s upbringing, respondent’s personal beliefs, the acceptance of roles within a marriage, the joint collaboration of responsibilities between spouses, the level of open communication within the unit, and the resulting emotions such as guilt, shame, resentment, anger, frustration, stress and regret.

Article Price : Rs.50

Marketing McDonald’s in India

-- Rik Paul and Debapratim Purkayastha

McDonald’s entered India in the year 1996 when the fast food retail market in India was at a nascent stage. Overcoming several challenges in the beginning in terms of adapting to the tastes, preferences and culture of the local customers, changing the perception of Indian consumers towards American food habits, obstruction from political parties, issues with distribution, designing a proper supply chain to training the employees on McDonald’s standards, the fast food giant emerged as the market leader by 2011. Though McDonald’s commands the leadership position in the Indian fast food market, there exists stiff competition from the local traditional fast food retailers as well as other multinational firms which entered the fast growing Indian fast food market. In the face of intensified competition, can McDonald’s retain its dominant position?

Article Price : Rs.50
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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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