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The IUP Journal of Management Research


February' 08
Focus

This issue covers topics ranging from the importance of retail service attributes, to evaluating performance through human resource accounting information, and consumer schools of thought in management research.

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Importance of Retail Service Attributes: a Study on Indian Consumers
Evaluating Performance of Human Resources through Human Resource Accounting Information in NTPC Limited During the Pre- and Post-Liberalization Periods: A Comparative Study
Problems Faced by Small Scale Entrepreneurs of the Industrial Estates of Madurai Region
Analysis of Functional Aspects of Mobile Handset Among College-Going Students
Consumer Schools of Thought in Management Research: A theoretical Perspective
Extrospection: A New Strategy for Conflict Resolution When Process Adherence Mars Operational Effectiveness
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Importance of Retail Service Attributes: a Study on Indian Consumers
-- Mridula S Mishra and Umakant Dash

Organized retail has been spreading its roots in the Indian market for the past one decade and is gradually making a mark on all sections of the society. This paper explores the way organized retail has dramatically changed not only the Indian traditional retailing structure but also the consumption behavior. The consumption behavior was examined with the help of a structured questionnaire, and the results reveal that for consumers the shopping malls or variants of organized retail formats are the preferred type of retail store due to the convenience and variety they offer.

Article Price : Rs.50

Evaluating Performance of Human Resources through Human Resource Accounting Information in NTPC Limited During the Pre- and Post-Liberalization Periods: A Comparative Study
-- Debasish Sur and Amir Jafar

The opening up of Indian economy in 1991 has injected tremendous competition among business enterprises. The expectations from business as a whole ,including from those of public sector, have changed. In today's knowledge-driven economy, the key source of real competitive advantage is the people of the organization. Therefore, in this challenging situation, while measuring the performance of an organization, it is imperative to assess the performance of that resource in which the real strength of the organization lies. This paper evaluates the position and performance of human resources of National Thermal Power Corporation (NTPC) Limited with the help of its human resource accounting information both during the pre- and post-liberalization periods and makes a comparison between them. The study reveals that the company achieved a very high profile in the performance of its human organization in the post-liberalization period, combating efficiently, in the process, all the obstacles that emanated as a result of liberalization, globalization, and competitiveness.

Article Price : Rs.50

Problems Faced by Small Scale Entrepreneurs of the Industrial Estates of Madurai Region
-- P R Brinda Kalyani

This paper deals with the problems faced by the entrepreneurs of the SIDCO Industrial Estates of Madurai region. Problems of these entrepreneurs are analyzed from various angles—production, marketing, finance, labor, and infrastructural. While the challenges are effectively tackled by the entrepreneurs, the results, in terms of profits, need to be more rewarding. While absenteeism of the lower level employees is a unique feature in the industrial estates of Madurai, other problems are industry-specific.

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Analysis of Functional Aspects of Mobile Handset Among College-Going Students
-- Subhash Jha

India has emerged as the fastest growing mobile handset market in the world. The Indian mobile market is primarily dominated by the youngsters who account for 32 percent of the total market. Understanding the youth's preference is a prerequisite for handset manufacturers to sustain or create a competitive advantage in the emerging market. This paper throws light on the factors that motivate the youth to own mobile handsets. The paper mainly explores the functional aspects of owning a handset and focuses on understanding the relative importance of the reasons for the purchase and the attributes that college-going students generally look for while buying a handset. Data were collected from a sample of 208 handset owners aged between 20 and 29. The findings indicate that there is a significant difference in the importance of the reasons (ease of use and physical appearance) for purchase and that of the attributes (SMS, calendar, and calculator) of handset between two groups of youngsters (high group and low group). The study also provides leads for carrying future research in the area.

Article Price : Rs.50

Consumer Schools of Thought in Management Research: A theoretical Perspective
-- Atanu Adhikari

The theory of consumer behavior has a large impact on management research. Since the beginning of 1900, management schools of thought have dealt with different perspectives of consumer behavior. During the period 1950-75, consumers' schools of theory assumed a leading role and pushed it to the forefront of discussion. Consumers' perspective in management covers three main areas—Behavioral theory, Activist's theory and Systems theory. This paper discusses the development of these three schools of thought, explaining the critical issues, development in research area, and their contribution to the understanding of management as a theory.

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Extrospection: A New Strategy for Conflict Resolution When Process Adherence Mars Operational Effectiveness
-- Siva V Gabbita

Different studies suggest that organizations do not experience process problems due to an inefficient design but from an inability to handle "exceptions" to the rule. Process problems occur either when the individuals and groups executing the processes fail to adapt appropriately to the unexpected situations or when a creation, change or replacement of the existing processes is required to address a new strategy. If the firm does not address exceptions, customers may discern a gap between the expected and perceived service leading to customer dissatisfaction and customer switching which can erode competitive advantage. Studies have shown that walking the fine line of skillfully adapting the system as opposed to mindlessly following a script provides customer satisfaction. Since exceptions make the rule, the robustness of a process can be tested by analyzing how the process handles exceptions. Extrospecting for root causes of failed transactions holds the key to improving operational capabilities.

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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