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Management

Effective Executive


March' 07
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Cross-cultural Awareness and Engaging in Multicultural Teams : An Ongoing Practice
Diversified Workforce : Why it Makes Good Business Sense
Multicultural Teams and Superior Performance : The Role of Leadership
Bob Nardelli : Is this the Promised End?
"The most successful teams and managers we interviewed used four strategies for dealing with these challenges: adaptation, structural intervention, managerial intervention, and exit."
"The need for strong domain knowledge is becoming increasingly pronounced. With organizations moving towards verticalization in their offerings, understanding of the domain along with technology expertise has become an essential. "
"Building and sustaining trust among the team members is probably the most difficult problem and remains a major challenge"
     
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Working Across Cultures : Understanding Cultural Differences

- - Neena George

With the increased globalization, the challenges of working across cultures are becoming manifold. In case of virtual teams, it is even more challenging with the teammates being spread out over two continents and three time zones. Managing multicultural teams is not as easy as it may appear. Very often increased diversity in workplace leads to heightened tensions among the employees, thus hindering company's performance. © 2007 Neena George. All Rights Reserved.

Cross-cultural Awareness and Engaging in Multicultural Teams : An Ongoing Practice

- - Mohan Murti

The importance of cross-cultural awareness and engaging in multicultural teams is on the rise. The article discusses the cross-cultural differences, mistakes to avoid, and how to function in a multicultural team. It also dwells on communication issues and negotiation skills while engaging in multicultural teams.

Article Price : Rs.50

Multicultural Teams : Challenges and Opportunities

- - Laraine Kaminsky

This article discusses two types of multicultural teams and how each one needs strong leadership and HR support in order to function more effectively than a culturally homogeneous team.

Diversified Workforce : Why it Makes Good Business Sense

- - Diganta Chakrabarti

Workforce Diversity is a new buzzword in the corporate world. Apart from projecting an organization as socially responsible, a diversified workforce also provides a competitive advantage in a fast changing market. This article finds out why Indian companies are following major global organizations like IBM to develop diversity in workforce as a business strategy.

Article Price : Rs.50

Building a Diverse Workforce : It's no Longer a Choice

- - Arun Kottolli

Diversity is not a case of representation of different nationalities or ethnicities. It is a process of creating greater wealth through increased creativity and productivity. Creating a diverse workforce at all levels of the organization involves training programs, recruitment strategy, and building a cadre of diversity aware managers.

Managing and Working with Diverse Teams : The Challenges

- - Chad Lewis

In a multicultural team, the objective is to create an environment in which all the members are recognized. In all cases, the intention is to work towards a balance among all the team members. One of the challenges of working with a diverse group is that for at least some team members the defined process will vary, which can be the source of much angst. Some of the areas where managers may see problems include: social norms, chronemics (the use of time), stereotyping, issues of trust and of course, communication.

Multicultural Teams and Superior Performance : The Role of Leadership

- - Dr. Kathleen Patterson, Dr. Paul B Carr, Dr. Myra Dingman

Today's globalization requires awareness of challenges and opportunities that demand new leadership styles and techniques in order to be effective and successful. Leading improved performance in multicultural teams can be challenging and fulfilling. Barriers to performance within these teams include communication misunderstandings, differing attitudes toward hierarchy and authority, and cultural norms for decision-making can derail a team from achieving their desired purpose. This article examines some creative strategies such as adaptation and interventions for improving work performance with multicultural teams, factors that influence multicultural teams and some leadership techniques, including improving team cohesion and using a coaching style of leadership to implement them.

Article Price : Rs.50

Managing the Performance of Teams : Manager's Role

- - Donald E Sexton

The difference between successful and unsuccessful teams is often due to a manager's skill and efforts to create the team. This article explores the key considerations for a manager in building and managing a team and the special challenges that emerge with multicultural teams.

Managing Diversity in India and the US : Challenges and Best Practices

- - Dr. Karine Schomer

This article speaks about workforce diversity challenges in India and the USdemographic differences, diversity categories, legal framework. It also discusses the best practices for the diversity and multicultural team management.

Why Multicultural Teams Malfunction Sometimes : Culture Plays A Big Role

- - Rana Sinha

Multicultural teams are becoming more common with great promises of increased productivity, synergy and creativity. But they frequently fail to deliver desired results and sometimes even flop miserably. What are the main reasons for the underperformance or failure of multicultural teams?

Optimizing the Performance of Multicultural Teams : The Unrecognized Bonus

- - Rensia Melles

The multicultural workforce of this new age is an unrecognized bonus of globalization. Taking advantage of this opportunity can give the organization the competitive edge it needs to differentiate itself in the marketplace, and in the struggle to secure the talent.

Bob Nardelli : Is this the Promised End?

- - GRK Murty

In life, man is soft and supple;/ In death he is rigid and hard./ Plants and trees in life are tender; in death/ they are withered and dry./ Therefore, softness and tenderness mean life; /and hardness and stiffness mean death./ The tree whose wood is the hardest is cut down/ The mighty and the strong are thus cut down;/ And the humble and low are set on high.

Article Price : Rs.50

"The most successful teams and managers we interviewed used four strategies for dealing with these challenges: adaptation, structural intervention, managerial intervention, and exit."

- - Jeanne M Brett

Jeanne M Brett is DeWitt W Buchanan, Jr., Professor of Dispute Resolution and Organizations at Kellogg School of Management, Northwestern University. Her Ph.D. is in psychology from the University of Illinois. Her current areas of research are cross- cultural negotiations, the resolution of disputes, and the performance of multicultural teams. Brett is an author of more than 100 articles and four books: Union Representation Elections: Law and Reality, Causal Analysis: Assumptions, Models and Data, and Getting Disputes Resolved: Designing a System to Cut the Costs of Conflict, which received the 1988 Center for Public Resources Award for excellence and innovation in alternative dispute resolution, and Negotiating Globally which won the International Association for Conflict Management's Outstanding Book Award in 2002. Her current research investigates how negotiation strategy develops over time. She is especially interested in conflict and disputing, the intervention of third parties, and the effects of culture.

Article Price : Rs.50

"The need for strong domain knowledge is becoming increasingly pronounced. With organizations moving towards verticalization in their offerings, understanding of the domain along with technology expertise has become an essential. "

- - Kalpana Jaishankar

Kalpana Jaishankar is the Vice-President, Human Resources and People Development at Patni. In this capacity, she is responsible for all Employee Development activities, SBU and Location HR matters. Kalpana completed her PGDRM (General Management) from IRMA in 1984 prior to which she completed her B.Sc. (Mathematics) from Madras University in 1982. Kalpana did her schooling at La Martiniere, Kolkata. Kalpana has more than 20 years work experience across industry segments. She last worked with Geometric Software Solutions Ltd. as Director HR. Prior to Geometric she worked with Consumer Coordination Council, New Delhi as Coordinator and Secretary, and as an Executive (Planning and MIS) with National Dairy Development Board, New Delhi and Mumbai.

Article Price : Rs.50

"Building and sustaining trust among the team members is probably the most difficult problem and remains a major challenge"

- - Donald Chand and Gary David

Donald Chand is Professor of Information and Process Management at Bentley College. His teaching and research interests are in the areas of business process management, IT project management, global software development and ERP systems. He has published articles in such flagship journals as the Communications of the ACM, Journal of ACM, IEEE Software, and the Journal of Management Systems. He has served as an associate editor of the Journal of Information Technology Management and member of the editorial board of the Journal of Information Systems Education. Prior to joining Bentley College, Don taught at Boston University, Indian Institute of Management, Ahmedabad and Georgia State University in Atlanta, where he also served as Chair of the CIS Department. Before starting his teaching career he worked for Lockheed Georgia Company as a research scientist. He can be reached at dchand@bentley.edu Gary David is Associate Professor of Sociology at Bentley College. His research focuses on the role that interpersonal interactions play in the formation of intergroup relations. He has conducted research primarily in workplace settings where intercultural/intergroup interactions take place on a regular basis. He is examining the nature of collaborative activity in multicultural worksites, how co-workers build a collaborative relationship through engaging in workplace practices, and the impact of information and communication technologies on intercultural communication in the global organization. Dr. David also specialized in Arab-American studies, and ethnic identity research. He has published articles in Multicultural Perspectives, International Journal of Enterprise Information System, Human Studies, as well as internationally in Biograf (Czech), Hermes (French), and Do Humano (Brazilian). He can be reached at gdavid@bentley.edu

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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