| COVER
STORY Management
Education : Issues and Challenges
- - Bholanath Dutta
Though
many of the Indian Business Schools (B-Schools) have sought to replicate the US-based
models, they are facing an uphill task to reach the levels of quality. It would
be fruitful, if we investigated the challenges for enhancing the quality of management
education in India. The article assesses the quality of management education by
analyzing academic issues, intellectual issues, physical infrastructure, industry
interface, output issues and stakeholder issues and the input-output process of
the B-School education system.
© 2007 IUP . All Rights Reserved
IN
FOCUS Reality
TV : Real Hot!
- - Amita Singh
Reality-based
TV shows, in India, have come of age with the themes transcending from music to
adventure and, now, to even jobs! When Bollywood actress, Shilpa Shetty won the
Celebrity Big Brother show on Channel 4, a new chapter was written in India's
not-so-old reality TV show history. She became the first from India to take part
in the British TV show and win it, too. More than the prize money of 100,000 pounds
that the actress pocketed, it was the racist slurs that brought the reality show
into the limelight, evoking strong public outrage in India and Britain.
© 2007 IUP . All Rights Reserved
IN
FOCUS Business
Intelligence : Alignment of IT and Business
- - V Venkateswara Rao
To make effective decisions in today's competitive world, it is imperative
to have an in-depth knowledge of customers to competitors and economic environment
to internal operations. Business Intelligence (BI) shows the way to make effective
business decisions. Since early 1990s, the business world has been witnessing
a paradigm shift in the areas of the utilization of Information Technology (IT)
across industries, in order to realize greater yield, profitability and shareholder
value. There has been an increasing demand for cutting edge IT. These technologies
include state-of-the-art software applications, which augment the efficiency to
provide appropriate mix of goods and services to the end consumers.
© 2007 IUP . All Rights Reserved
IN
FOCUS Retailing
Sector : HRD Challenges
- - Anita Singh
Amidst the ongoing organized retailing boom, it is important to understand
issues that will successfully have a far-reaching impact on effective handling
of Human Resource Development (HRD). In the current scenario, organized retailing
has finally emerged from the shadows of unorganized retailing and is contributing
significantly to the growth of the Indian retail sector. India's organized retail
market is likely to grow from the current $4 bn (2.1% of total relevant consumer
spending) to $64 bn (10.8%) by financial year 2015. In such a situation, organized
retailing in India poses a challenge to HRD.
© 2007 IUP . All Rights Reserved
IN
FOCUS Knowledge
Management : A New Dawn in Management
- - Kunal Gaurav and Neha Amar
Although
individual knowledge and organizational knowledge are different, they are interdependent
and go hand-in-hand. The future of business success heavily depends on the retention
and creative use of knowledge, ideas and experiences of an organization and its
employees. The business world is entering into an era, where the future will essentially
be determined by people's ability to use knowledge wisely, a precious global resource
that is the embodiment of human intellectual capital and technology. Therefore,
Knowledge Management (KM) has become the buzzword in the management environment
today because of its advantages in shaping the organizational strategy and gaining
competitive advantage.
© 2007 IUP . All Rights Reserved
INDUSTRY
Animation
Industry : Opportunities Galore
- - Anand Annam
The
Indian animation industry has come a long way from being a medium of entertainment
for children to a wholesome family entertainer and is in the process of emerging
as a global animation hub. The Indian animation industry is witnessing boom time
going by the global entertainment giants Disney, Sony, Imax and others who are
increasingly outsourcing cartoons and special effects from India. Even other companies
are targeting India for their commercial and computer games animation. India possesses
the necessary skill-sets including low-cost, English-speaking workforce, talented
technicians and the expertise to provide quality animation content, which can
compete with international studios and digital animation production houses.
© 2007 IUP . All Rights Reserved
HRM
Motivation
: Ancient Indian Viewpoint
- - ER Gopalakrishnan
The
term `Motivation' as it referred in relation to Western construct has a connotation
differing in perspective with that of ancient Indian viewpoint. The term is widely
used by behavioral scientists, and has assumed significant stature in management
science too. The ancient Indian viewpoint is much larger in its perspective and
application. The article is an attempt in this direction and limits its scope
in simply presenting the facts.
© 2007 IUP . All Rights Reserved
HRM
Paradigm
Shifts in HR : A Point to Ponder
- - Nikhil K Mehta
Human
Resource (HR) is a resource with a difference. With the changing world, there
has been a gradual change in the way human resource practices are carried out
in Indian organizations. Due to changed business scenario, people are insecure
and the changes brought are incapable of dealing with human requirements. There
exists an imbalance in dealing with people, i.e., the treatment given by organization
to external customer is better than internal customer. We should be ready to accept
change, provided change is worth it. The article discusses the kind of changes
we are designing and the results we are getting.
© 2007 IUP . All Rights Reserved
MANAGEMENT
Significance
of Understanding "Strategy"
- - Pooja Chaudhary
The
article provides an insight into "strategy" and its constitutes, and also the
measures to be taken to achieve the corporate goals. The corporate world has for
a long time pondered about the concept of understanding strategy and provided
an abundance of frameworks for analyzing strategic situations. However, what seems
to be missing is the guidance regarding the end product of this analysis or simply
speaking, what should exactly be the strategy to really achieve the corporate
goals.
© 2007 IUP . All Rights Reserved
PERSONALITY
DEVELOPMENT Negative
Talk : Implications on Performance and Workplace Management
- - Rita Rangnekar
There
could be various reasons for negative talk in interpersonal conversations in an
organization. While a large part of it is attributed to grievance behavior and
grievance expressions, it cannot always be categorized as a grievance as such.
There are different categories in negative talk. For example, there is loose talk
in which people generally indulge just to kill time. As a matter of fact, it is
observed that in most cases the employees who indulge in loose talk and speak
ill of the organization to others may not be the ones who are really aggrieved
or demoralized.
© 2007 IUP . All Rights Reserved
PERSONALITY
DEVELOPMENT Stress
in Organizations : How to Overcome It?
- - Sabera Begum
Stress
not only has its adverse effects on employees, but also creates a strong impact
on organization as well. The article focuses on the effects of stress, and tries
to explain the measures to overcome that, which result in facilitating a stress-free
environment. Stress is one of the major problems faced by the organizations in
present day's scenario. The dictionary meaning of word "stress" is a state of
affairs involving demand on physical or mental energy. According to the Stress
Management Experts, Stress is a physiological response of an individual to an
external condition. At one or the other point everybody has to suffer from stress.
© 2007 IUP . All Rights Reserved
PERSONALITY
DEVELOPMENT On
the Job Training : The Critical Requirements
- - A Mohan
On
the Job Training (OJT) is the source of practical experience and complements the
skills required to be developed during management education. It is enabled through
providing an industrial exposure that matches with the specialization in terms
of type of industries. OJT is an important part of the Summer Internship Program
(SIP) in the post graduate curriculum at INC (INC). It is of
four months duration and can be termed as the USP of the INC. The OJT is the most
powerful ingredient of the INC curriculum. It is rigorous in process, demanding
the results and most rewarding in terms of career prospects.
© 2007 IUP . All Rights Reserved
BOOK
REVIEW Workforce
Crisis : How to Beat the Coming Shortage of Skills and Talent
- - Authors : Ken Dychtwald, Tamara J Erickson, Robert Morison Reviewed by Madhuri
Modekurti
Most
of the companies the world over are heading towards a major disaster in terms
of workforce. This disaster spreads rapidly resulting in the form of a labor crunch,
which seems to be the most formidable challenge in the near future. The companies
can set right this problem by modifying their employment deals with an underlying
concept of treating their employees as their consumers.
© 2007 IUP . All Rights Reserved | 
