This issue includes papers on working capital management with reference to the listed retail domestic companies in Botswana, the relationship between organizational role stress and life satisfaction levels among women employees, an empirical study of the relationship between behavioral motives and entrepreneurial intentions, people orientation in Indian chemical industry, and strategy building for utilizing unparalleled growth potential in the Indian hotel industry.

Working capital management is very important because a company that neglects its working capital management will soon run out of cash and may even have to close down. C R Sathyamoorthi and L B Wally-Dima in the paper, "Working Capital Management: The Case of Listed Retail Domestic Companies in Botswana", analyze the working capital management of retail domestic companies that are listed on the Botswana Stock Exchange. The authors find that the listed companies adopted a conservative approach in the management of their working capital and suggest that working capital policy is not static overtime but varies with the changes in the state of the economy.

It is widely believed that those holding service-oriented jobs, which involve a direct interaction with customers, are prone to relatively greater stress levels. These stress levels are more overwhelming in the case of women employees due to the greater need among them to strike a balance between their personal and professional lives. Madhuri Modekurti and Rachana Chattopadhyay in the paper, "The Relationship Between Organizational Role Stress and Life Satisfaction Levels Among Women Employees: An Empirical Study", attempt to capture the relationship between organizational role stress and life satisfaction levels among nurses who are involved in intense organizational work climates like hospitals. The authors also measure the stress and life satisfaction levels of women employees who work under relatively less intense organizational work climates.

The GDP growth of any country depends on the performance of its industries and employment generation. Hence, the importance of providing entrepreneurial education in B-schools. The trend in B-schools is slowly changing from winning placements to creating ventures and entrepreneurs. Soumya Gaddam in the paper, "Identifying the Relationship Between Behavioral Motives and Entrepreneurial Intentions: An Empirical Study Based on the Perceptions of Business Management Students", identifies the underlying dimensions of entrepreneurial intentions through a factor analysis and creates factors which are perceived to be of entrepreneurial importance by MBA students.

Indian chemical industry possesses a well-built and diversified base with its operations in many areas such as pharmaceuticals, insecticides and pesticides, and paints. The growth rate of this industry is comparatively higher than all other manufacturing sectors in India. Kunal Gaurav in the paper, "People Orientation in Indian Chemical Industry: A Qualitative Investigation", aims at understanding the focus of top level management towards people orientation in the Indian chemical industry. The author analyzes the annual reports of the top 20 companies from Indian chemical industry in order to generate codes, categories, and finally themes, which bring out the focus of the top level management towards people orientation.

The Indian hospitality sector is witnessing one of its rare sustained growth trends. Demand has outpaced supply leading to a hike in the occupancy rate as well as Average Room Rates (ARRs). In the paper, "Indian Hotel Industry - Strategy Building for Utilizing Unparalleled Growth Potential", the authors Subhasis Ray and Amit Teckchandani analyze the current strengths, weaknesses, opportunities, and threats of the Indian hotel industry. The authors also identify the key factors driving the growth and major hindrances relating to the industry. The authors suggest the formulation of strategies at the government level as well as private players' level, keeping in view the growth potential and competition from international players such as Amanda, Satinwoods, Banana Tree, Hampton Inns, Hilton and Mandarin Oriental.

- T R K Rao
Consulting Editor