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Management

Effective Executive


February '09
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Career Success and Personal Success : Achieving Integration to Revitalize Midlife Careers
Preempting Midlife Crisis : The Proactive Measures
A Self-Related Cognitive Approach : To Midlife Crisis in Organizations
How the Work Ethic Mitigates Midlife Crisis : Build a Strong Work Ethic
Holistic Approach to Problem Solving : For Wholesome Learning
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MIDLIFE CRISIS

Career Success and Personal Success : Achieving Integration to Revitalize Midlife Careers

-- Ronald J Burke

The career success and personal failure phenomenon continues to exist for the mid-life professionals and managers. Despite the corporate value system at the strategic level, managers must recognize that one is not a true success if they are also a personal failure. Career success and personal failure can be detrimental to the organization, to the individual and the family.
Article Price : Rs.50

MIDLIFE CRISIS

Preempting Midlife Crisis : The Proactive Measures

-- Colle Davis

Here are the steps for you to inoculate yourself against this creeping disease that some people get before they get Alzheimers or become senile or die.
Article Price : Rs.50

A Self-Related Cognitive Approach : To Midlife Crisis in Organizations

-- Jose Mathews

Midlife crisis, which is primarily centered on the person, involves intense psychological changes. Over and above the multitude of environmental factors that contribute to the crisis, researchers are to pay greater attention to the self of the person. The self-system as the core of the personality has a number of subsystems, including self-concept, self-esteem, self-functioning, self-efficacy and perceived sense of control. This article presents a self-related cognitive approach to midlife crisis in organizations and finally the coping strategies that may be effectively utilized, are explained.
Article Price : Rs.50

MIDLIFE CRISIS

How the Work Ethic Mitigates Midlife Crisis : Build a Strong Work Ethic

-- David Jack Cherrington

Although it is only anecdotal, the evidence suggests that the work ethic plays a significant role in providing meaning and purpose in life, thereby eliminating the conditions that contribute to a midlife crisis. People who have a strong work ethic enjoy a zest for living and an enthusiasm for their work that serves to insulate them from psychological stress and depression.
Article Price : Rs.50

Holistic Approach to Problem Solving : For Wholesome Learning

-- Dr. KV Subramanian

The systems approach attempts to recognize the realities of a real world open system, that is subject to the influence of the happenings in the environment, and therefore poorly controlled. This framework provides a structured approach to study and comprehend an unstructured problem.
Article Price : Rs.50

MIDLIFE CRISIS

A Real Look of Resistance to Change : Change it

-- Dr. S L Chau

The management of change, including how to anticipate and assess the strength of resistance and then proactively manage it, is one of the most difficult challenges faced by contemporary managers.

MIDLIFE CRISIS

Hit or Miss : Midlife Crisis

-- Rebecca Kelly

It's coming at you… at the speed of light… right between the eyes… you turn 35 and wake up with a decision!!! In my case, the collision occurred when I had the confidence in myself and made the decision to divorce the man I had married when I was 28.

MIDLIFE CRISIS

After the midlife blues, start again :But at the top

-- Prof. Jacqueline Fendt

For many executives, midlife crisis is a reality. Often unrelated to any objective reasons, and in the bloom of an apparently smooth life pattern and successful career, a sense of emptiness, of unfulfilled dreams, or even of guilt can strike the middle-aged manager. But midlife confusion, if listened to, can be an opportunity for reinvention, rather than for depression. Many a successful entrepreneur started out around the middle of his life. Here's how to write the playbook for this new career - the one as your own boss.

MIDLIFE CRISIS

Career Turnaround: career change late in life as a strategy for career regeneration : A Qualitative Study

-- Dr. Stephanie Jones

Mid-life crisis can be felt at different times for different people. Some are happy and fulfilled in their careers until they get a sudden perception of the grass being greener at the age of 50 or even older. Several people wake up a decade earlier and decide that they have not done, or are not doing, what they really want.

-- Barry Maher

Try laughter. Try making a joke out of it, using self-deprecating humor. It shows confidence. It shows that you're amazed things went wrong. It makes what could be a problem, fun for the people you are dealing with.

INTERVIEW

People who feel burned out should embrace some pattern breaking activity.

-- Paul Bracken
The interview was conducted by Dr. Nagendra V Chowdary

It can be golf, learning a new field, like dynamical systems theory, or even taking a hobby seriously. Community service and travel are also great stimulants. I tell my students that however old they are they should always be taking at least one course. It may be at a university, or it may be over the Internet, or just reading systematically a new field like risk management.

INTERVIEW

In our global surveys, people around the world consistently tell us that relationships with friends and family

-- Ken Dychtwald ,
The interview was conducted by Dr. Nagendra V Chowdary,

Ken Dychtwald PhD, is the founding president and CEO of Age Wave (www.Agewave.com), a San Francisco, California-based think tank and consulting firm focused on the maturing marketplace and workforce.

INTERVIEW

The symptom of being in midcareer is that you have a trajectory that will continue if you don't change it.

-- Peter Cappelli ,
The interview was conducted by Dr. Nagendra V Chowdary,

Peter Cappelli is the George W Taylor Professor of Management at The Wharton School and Director of Wharton's Center for Human Resources. He is also a Research Associate at the National Bureau of Economic Research in Cambridge, MA, served as Senior Advisor to the Kingdom of Bahrain for Employment Policy from 2005, and from 2007 is a Distinguished Scholar of the Ministry of Manpower for Singapore.

INTERVIEW

The basis of our "Existential Necessity of Midlife Change" is the realization that the increase in life-expectancy is about to make midlife change inevitable for most of us.

-- Carlo Strenger ,
The interview was conducted by Dr. Nagendra V Chowdary

Carlo Strenger was born in Basel, Switzerland, trained in philosophy and psychology and received his PhD from the Hebrew University of Jerusalem. He is currently associate professor at the psychology department of Tel Aviv University, a member of the Institute of Existential Psychoanalysis, Zurich and of the Permanent Monitoring Panel on Terrorism of the World Federation of Scientists.

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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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