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Management

 HRM Review


June '11
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The New Age of Working Through Virtual Teams
The Motive to Lead : A Study of the Relationship between the CEO and his TMT
Managing Stress in Changing Times : Role of Organizations and Individuals in Creating Workplace Harmony
Integrating Six Sigma and HR
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The New Age of Working Through Virtual Teams

-- Dr. V Manickavasagam, Dr. G Ramesh

As technology grows by leaps and bounds, it is wise for organizations to operate in a virtual environment. Virtual teams are viable to reap the benefits of increased, globalized scale of operations. In order to get the best talent in time and sustain it, organizations need to apply the emerging trend of virtual teaming for growth and success. Virtual team management has thus become a real challenge for organizations. Building and maintaining successful virtual teams requires a powerful structure, comprehensive organizational policies and dynamic strategies.

Article Price : Rs.50

The Motive to Lead : A Study of the Relationship between the CEO and his TMT

-- Almarie E Munley

This article examines the motive to lead among Chief Executive Officers (CEOs) in both entrepreneurial and non-entrepreneurial firms. The sample is from Central American organizations. The motives explored are achievement, affiliation, power and responsibility. Due to the lack of research regarding executives and their top management teams (TMTs), this study furthers the research among the upper echelon of Latin American organizations. A qualitative research design is used to discuss the motive to lead. The sample is from the current research on the GLOBE study (Global Leadership Behavioral Effectiveness) research program. This study is an initial attempt to continue studies on leadership behaviors in Latin American organizations.

Article Price : Rs.50

Managing Stress in Changing Times : Role of Organizations and Individuals in Creating Workplace Harmony

-- Shamim Akhtar

The highly challenging work environment in today's organizations requires its employees to work in constant stress situations like meeting stiff targets, handling multiple tasks, etc. The level of individual stress is an important indicator of employee job satisfaction and motivation at work. Thus, a proper focus on Stress Management has become a prerequisite for long-term stability, growth and success—both for the individual as well as for the organization. This article discusses Stress Management with a modern perspective and covers the needs, means and roles of the organizations and individuals in managing stress today.

Article Price : Rs.50

Integrating Six Sigma and HR

-- Puneet Arora, Ruhani Mahajan

In an increasingly knowledge-intensive and global economy, the management of human capital remains the only competitive advantage to be ahead of others. The emergence of the six sigma integrating into HR is the latest buzzword around which is a data-driven and logical rationale approach. It provides organizations with a systematic method for upgrading their business operations. DMAIC (define, measure, analyze, improve and control) is one of the most prevalent method supported by a range of statistical tools.

Article Price : Rs.50

SAS Inc. : Working the Good Life

-- Debapratim Purkayastha, Monjori Samanta

The case discusses the employee-friendly policies and practices of SAS Inc. (SAS), the largest private organization selling analytical statistical software. From its inception in the mid-1970s, the company's co-founder and CEO, Jim Goodnight, had created an employee-centric corporate culture. The company always worked on the ideology—satisfied employees resulted in satisfied customers. To create a satisfied workforce, SAS had always focused on two aspects of work culture—work-life balance and work-life benefits. Moreover, the company CEO did not want to make the company public even if that meant more profits for the company. According to Goodnight, going public would have destroyed the company's employee-focused organizational culture as it would then have to work under the pressure of shareholders. Experts suggested that the SAS business model depicted that employee loyalty and customer satisfaction were interlinked and this was the secret behind the company's 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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