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11th National Management Conference
Ethical Issues on Mergers & Acquisitions
In countries all around the globe, mergers and acquisitions play a key role in increasing corporate value while corporate restructuring serves to reallocate assets to their highest valued uses. This paper reviews the ethical issues on hostile takeovers and applies ethical theory to some of the defensive tactics that have been used to explore unwanted takeovers. The merger mania put top corporate management on the defensive as predators sought takeover targets. Hostile takeover activity has grown up in recent years, for a variety of reasons, but the ethical issues surrounding acquisitions and mergers and the ethically questionable conduct that is often involved remain as relevant as ever.
Looking Ahead for Evidence based Management
Evidence-based management (EBM) is an emerging movement to explicitly find and use the current, best evidence in management decision-making. EBM encompasses managerial decisions and organizational practices backed up by by the best available scientific evidence. An important part of EBM is educating current and future managers in evidence-based practices A college degree may be required for an MBA – but not to be a manager. The adoption of evidence-based practices, therefore is likely to be organization-specific, where leaders take the initiative to build an evidence based culture. Organizations successfully pursuing evidence-based management typically go through cycles of experimentation and redesign their practices consistent with their values and mission. EBM enhances the overall quality of organizational decisions by combining conscientious, judicious use of best evidence with individual expertise; ethics; reliable business and organizational facts; and consideration of impact on stakeholders. This paper attempts to carve out the fundamental FIVE principles of EBM • Benchmarking of what winners do • Commitment to Fact based Decision Making • Encouragement to Experimentation and ‘learning by doing’ • Finding out Hard Facts and building a Culture • Looking for Risk and drawbacks in recommendations of people
Fuzzy Logic & Managerial Decision Making Process
Fuzzy sets and fuzzy logic are powerful mathematical tools for modeling and controlling uncertain systems in industry, humanity, and nature; they are facilitators for approximate reasoning in decision making in the absence of complete and precise information. Their role is significant when applied to complex phenomena not easily described by traditional mathematics. Companies deal with many decision-making processes whose impact on the global performance can be very strong. Considering the imprecise or fuzzy nature of the data in real-world problems, it becomes obvious that the ability of managing uncertainty turns to be a crucial issue. The present study is a short introduction in the theory of the fuzzy sets. In this paper I will also try to presents some aspects of the application of the fuzzy logics in finding the decision-making process related to the management.
Total Quality Management (TQM) in Higher Education System
“Quality is the totality of features and characteristics of a product or service that bear on its ability to satisfy given needs. “ This paper focuses on the Principle of Total Quality Management as quality has become the defining element of education in 21st century. It will also take into account the Quality of existing higher education system and introducing strategies to improve that system for future. There are various parameters of TQM which affect the quality of any higher educational institute; hence an attempt has been made to theoretically conceptualize TQM in Higher Education.
Study of the Growth of Small Scale Industries: with Special Reference to Indore
Small Scale industries have an important role to play given their greater resource- use efficiency capacity for employment generation, technological innovation, promoting inter sectorial linkages ,raising exports and developing entrepreneurial skills. Their locational Flexibility is an important advantage in reducing regional imbalance. The future of Small Scale Industries is of major policy concern given their strategic importance in any discussion of reshaping the industrial sector. Promotion of the small scale sector in India has been an important issue of Industrial Policy since independence although the focus of concern changed with the priorities of each five year plans. As Indore is known as the Industrial Capital of M.P and it provides home to over a hundred large and medium scale industries and almost fifteen hundred small scale enterprises, an attempt has been made in this paper to study the growth and development trends of the small Scale Industries in Indore.
Institute – Industry Gap
Knowing is not enough, we must apply Willing is not enough, we must do With the Industry and Academia often expressing divergent views, the article provides both with a platform for expression with the aim to help bring about a meeting of minds. Institute – Industry partnership forms an important activity for any academic institutions as its stakeholders interact with the real world. To work out this employability gap, it is essential for the institutes must realize that their ultimate goal is to deliver quality students to the industry. Covering up this employability gap won’t just benefit the student or the institute or the industry, but would overall benefit our nation as well. We have the fire in us; we just need to feel it and prove ourselves. Together we can and we will, make a difference!
Higher Education in the Twenty- First Century
The education sector in general and higher education in particular are undergoing profound changes in India. Enrolment in higher education has been growing to meet the needs of a larger and globalizing labor market. The rapid expansion of the Indian higher education system is due to opening up of the higher education sector for private participation during the 1980s and the economic liberalization that started in the early 1990s. This research paper is an informative type of paper which will present information regarding the governance and management, some of the recent reforms in the higher education in 21st century done by the government of India and what are the tasks ahead for improvement of the education system in India.
A Highlight on E-SCM & A Plan for Successful Implementation of E-SCM in Indian Business Scenario especially in FMCG Industries
Traditionally, the phrase Supply Chain Management meant assembly lines, warehouses, truckers and time sheets. Earlier, manufacturers had the luxury of taking years to develop market and sell their products. Back then, there were few variations in packaging and in the products themselves. In only a few years, the very fundamental of manufacturing in virtually every industry has changed. Changes have taken place in the relationships between producers of primary products, manufacturers and retailers. Companies are looking at how to provide greater flexibility in moving parts globally. In a quest for greater efficiency and lower costs, there's been growing importance given to managing the supply chain effectively for the benefit of all parties. So, in this paper our concern is to highlight: 1. The impact of Internet and technology, i.e. with the emergence of the Internet, customers seek out specific products they want at the prices they're willing to pay. 2. Target of industries i.e. to give one’s supply chain a thorough tune-up by strengthening some basic elements of supply chain management. 3. Some current state of affairs regarding E-SCM, i.e. Organizations known for pioneering best practices recognize that continuous improvement goes beyond reaching quarterly and yearly targets. 4. Indian scenarios and competitiveness with an Exhibit, i.e. over the past three decades, customer expectations have raised by leaps and bounds, at the same time, they continue to expect and demand more ‘value’ from brands. 5. SCM Practices in Indian FMCG Industry, i.e. In a low margin and high volume business like FMCG (Fast Moving Consumer Goods), it requires a very close attention on the planning and operational part of the entire value chain activities because these minuets details can change the fortune of any organization. 6. Factors required for the Indian FMCG Industry for converting to an e-centric one, i.e. factor analysis with aforesaid condition is considered to determine item representation to a single factor. 7. Conclusion and findings to say, “this proposal intends to presents an approach suitable for Indian conditions to resolve issues in customer service, demand flow, distribution and supply”.
Professional /Technical Education in India by Private Institutions: Issues & Challenges
India's higher education system is the third largest in the world, after China and the United States. The main governing body at the tertiary level is the University Grants Commission (India), which enforces its standards, advises the government, and helps coordinate between the centre and the state. Accreditation for higher learning is overseen by 12 autonomous institutions established by the University Grants Commission. More than 10 million students in India are getting higher education from private institutions or universities. Private institutions compensate for the failure of the education system. It is high time that it is given the status of an industry. In this paper an attempt has made to highlight Issues & challenges faced by Private institutions to survive in a competitive education market of India.
New Paradigms in Supply Chain Management
Although the importance of supply chain management is broadly acknowledged, few senior executives are sure about how and where to direct their supply chain investments to maximize business results. This is a critical disconnect. Opportunities for supply chain enhancement are everywhere, but specific information about strategic value often is absent. In other words, executives want-and need-to know what supply chain programs will affect their companies' performance in the most substantive way, and what paths they should take to manage the complexity and challenges that accompany supply chain initiatives. They also need more and better information about what it means to be a supply chain leader, what advantages are associated with supply chain leadership, and what supply chain leaders actually do to ensure or extend their competitive advantage.
Supply Chain Relationships among Strategy, Flexibility and Performance - A Theoretical Framework
In today’s global business environment, concepts are moving towards competing a the international level. This has made companies to explore the new ways to leverage their supply chain and to develop a strategic approach. A strategic approach with flexibility is helpful to increase the overall performance of the organization and to respond customer requirements. Consequently, in order to maintain cut-throat competition in the market and to be able to satisfy end customers, supply chain strategy (SCS) must be aligned with the supply chain flexibility (SCF). With a large number of SCS dimensions and SCF dimensions, it isn’t a feasible to practice each dimensions. The study aims to classify them in a suitable manner, which is helpful to the organizations to select a correct mix of SCS and SCF dimensions to increase supply chain performance (SCP). The purpose of this study is to identify all the dimensions of SCS and SCF. In addition, different mix affects different dimensions of SCP. Hence this study also aims to identify SCP dimensions. Later on, the relationships among SCS, SCF and SCP are identified through a theoretical model. The findings from various literatures are compared and analyzed. Thus guidelines are developed.
Supply Chain Management Practices of Medium Scale Organizations of Textile Industry
The purpose of this paper is to provide a window into the supply chain practices of the medium scale enterprise of textile industry of Surat districts .India is one of the few countries that owns the complete supply chain in close proximity from diverse fibers to a large market. A survey of 23 medium scale organizations located in Surat districts was conducted .The analysis shows that Medium Scale Textile Manufacturing organizations located in Surat districts are giving more emphasis on Delivery speed, Production quality and increase of capacity utilization. The Impact of supply chain management issues are same in all the types of manufacturers (Yarn Processing, Weaving, Dying & printing & Embroidery).
An Analytical View on Emerging Trends & Challenges in Outsourcing in India
The beginning of new millennium is witnessing info-tech revolution called IT enabled services. They are business process and services delivered over networks or the Internet to a wide range of business areas and verticals. The technology is used as a tool to provide these services, of which most of the functions are human intensive. Due to the human intensive nature these processes and services are outsourced in order to derive cost and advantage without sacrificing quality and efficiency. In recent years, businesses have outsourced their data centres, application management activities and, finally, non-core, transactional processes to reduce costs and improve their ability to focus on more strategic issues. Today, companies are recognizing that they need to take advantage of low cost sourcing options wherever they may be in the world. Many are flocking to foreign shores for high-quality, cost-effective outsourcing services. While India is the reigning offshore capital for technology capabilities, any country with the right conditions, including but not limited to a large population of skilled workers with the requisite language skills, is a potential sourcing option. Now, thanks in part to the economic benefits of offshore sourcing options, the field of business process outsourcing (BPO) has emerged, allowing a company to outsource an entire process or business function—such as Human Resources, Training, Call Centers and Finance & Accounting—to a third-party service provider. Utilizing global sourcing, companies can outsource many business processes for a fraction of the cost of running the same functions in their home countries. In addition to cost savings, companies can benefit from efficient, high-quality and repeatable processes that generate business performance improvements.
Green Computing: A Pioneer from Hazardous Machines to Adjuvant Technology
In today’s scenario computer has become a part of life. Undoubtedly computer has changed our life to such an extent that without it our daily lives cannot be imagined. It is providing incredible facilities. Whether it is about education, or medical science, or entertainment, or any other field, nothing has been left untouched by computer. But still only one side of coin is being appreciated; the other darker side is yet to be analyzed. As has happened till now, we the human beings keep on ignoring many important issues for facilities and luxuries. We never think that the things which we have invented to make our lives easier are in fact harming our lives. Because of the dependency on computer several environmental damages are caused. Human have been polluting the planet and consuming its natural resources as a consequence of their production, consumption and disposal of desirable goods and services. We have included computer as a part of life quite easily without analyzing its harmful effects. It is injurious for our life and for our Earth. While using it the gases it extracts, and its useless parts in the form of e-waste are equally polluting the lands, the water, and the air. The goal of this paper is to inform about all these threats of a computer. Along with this instead of being hazardous one cant reject the utilities and importance of computers. So finding out any substitute, any idea, by which these harms can be reduced or fully vanished, is another important motive of this paper. Green Computing is emerged out as a solution to hazardous effect of computers. It has pioneered human beings to make the technology echo-friendly and less harmful.
A Study of Eating Habits of Working Professionals at Indore City
Purpose: The paper aims at studying the eating habits of working professionals at Indore city and to find out the influencing factors with respect to customer preferences and satisfaction towards vegetarian-restaurants. Data Methodology: Primary data has been collected through structured questionnaire. Pilot Survey has also been taken into consideration for the purpose of references. Data analysis and interpretation has been conducted using statistical tools - descriptive statistics (mean and variance, percentage analysis, correlation analysis and regression Analysis, non parametric test (chi square), multivariate analysis (Bartlett’s test, factor analysis) has been used for rotational matrix with the help of statistical database viz. SPSS 11.0, SPSS 15.0, SYSTAT12.0 Originality and Value: In today’s fast paced life with growing trends like working couple, stretched and flexible work hours etc. the food habits of young professionals is rapidly shifting from traditional Indian home food towards fast food. In such environment demand for fast food restaurant is increasing day by day. The current study laid foundation for restaurant owners to device their business strategies.