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Management

MBA Review


March '10
Regular Features
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Leadership Is about Creating Conditions for Others to do and be Their Best!
Prospective Entrepreneurs: Plan for the Challenges Ahead
Strategies for Developing Entrepreneurs: Nature or Nurture?
Essential Skills for Young Entrepreneurs
Honing Entrepreneurial Skills: Role of B-Schools
Entrepreneurs: Born or Made?
MBA@Entrepreneurship
Entrepreneurship: A Self-employment Career
The Importance of HRM in Small and Medium Enterprises: Entrepreneurs Take Note
Institutional Support forEntrepreneurship Development: A Review
Entrepreneurs: The Backbone for a Nation's Development
An Insight into Entrepreneurship in India
Doing Business in the Sultanate of Oman
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Leadership Is about Creating Conditions for Others to do and be Their Best!

-- Didier Marlier

Prospective Entrepreneurs: Plan for the Challenges Ahead

-- Joel R Evans

Though very high level of motivation and an innovative concept for a business are great building blocks for budding entrepreneurs, they are not nearly enough to prosper in the highly competitive marketplace of 2010 and beyond. Becoming a successful entrepreneur—and growing that start-up business over a longer horizon—requires many diverse skills and a thorough approach.

Strategies for Developing Entrepreneurs: Nature or Nurture?

-- Mary Kay Copeland

This article is centered around a compilation of research and literature contributed by many of the leading entrepreneurial researchers and educators from around the world. The summary identifies entrepreneurial characteristics identified in successful entrepreneurs and corresponding recommendations on how to nurture those attributes through effective entrepreneurial studies.

Essential Skills for Young Entrepreneurs

-- Neeta Baporikar

This article focuses on understanding the essential skills required for young entrepreneurs—especially the successful ones. Before we proceed further, let us take a brief look at what we mean by essential skills.

Honing Entrepreneurial Skills: Role of B-Schools

-- Mahima Rai

During the past decade or two, there has been a paradigm shift in the thinking of youth. The change has been prompted by the unemployment crisis all over the world. Today, one believes in creating opportunities for oneself. In India too, entrepreneurship as a career option is picking up fast with students across various B-Schools and is gradually being accepted as an alternative career choice. B-Schools are also adapting to play the new role expected of them. This article discusses the role B-Schools can and must play in developing entrepreneurial skills, so badly needed today, across organizations.

Entrepreneurs: Born or Made?

-- N V Jayaraman

Beyond redefining what it means to be an entrepreneur, B-Schools must alter their curricula in order to produce entrepreneurial leaders. This article provides some insights about honing the skills of B-School students.

MBA@Entrepreneurship

-- Vissapragada Srinivas

Entrepreneurship is not a natural phenomenon. It is a skill that can be developed and expanded. Entrepreneurial activities are substantially different from employment. A job seeker doesn't need any capital, whereas entrepreneurship requires venture capital.

Entrepreneurship: A Self-employment Career

-- Kamaleswar Deka

In recent times, entrepreneurship has become a serious area of study. It is considered to be a means for creating wealth, generating employment and providing new and better goods and services. Developing the spirit of entrepreneurship among people has become vital because the government alone cannot provide jobs for all the unemployed youth and the corporate sector can provide limited jobs only to the best—and that too without any job security.

The Importance of HRM in Small and Medium Enterprises: Entrepreneurs Take Note

-- Ronald Burke and Parbudyal Singh

The typical entrepreneurial venture starts small. For it to survive, prosper and grow, a number of skills are required, one of which is managing people and using HRM practices that support high performance.

Institutional Support forEntrepreneurship Development: A Review

-- S Muralikrishna

Educational Institutions, including Engineering Colleges, B-Schools and Polytechnics, have to play a pivotal role in making successful entrepreneurs. They should establish a wide and comprehensive curriculum to emphasize the need for developing entrepreneurial skills and talent among the students/graduates.

Entrepreneurs: The Backbone for a Nation's Development

-- N Uma Devi and J Munna Lal

This article discusses the qualities and some insights of hero entrepreneurs, who drive innovation and efficiency in the economic system of a country.

An Insight into Entrepreneurship in India

-- Savanam Chandra Sekhar

The spirit of entrepreneurship in India is necessity-driven, rather than opportunity-driven. The major hurdle in the growth of Indian entrepreneurship is the lack of access to risk capital for first-generation businesses. The best ecosystem for promotion of entrepreneurship is to introduce industrial incubators in engineering colleges. In the future, entrepreneurship in India would be conservation-oriented and involved in building robust local economies. This article discusses the orientation required for entrepreneur to withstand today's competitive environment.

Doing Business in the Sultanate of Oman

-- Manishankar Chakraborty

Global economies are witnessing sharp changes, courtesy the turbulence witnessed during the bouts of recession. Some of the established economies are finding it difficult to move on, thereby losing the confidence of investors. On the contrary, some other economies are able to withstand these crises and drive along full throttle, owing to their strong fundamentals and business vision. This rubs onto the investors as they are constantly on the lookout for zones which can provide symbiotic growth for themselves, as well as the economy. The Sultanate of Oman is one such investor-friendly economy. This article portrays the destination from an entrepreneur's perspective.

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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