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2022

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Full-Text Articles in Business

Impact Of Growth And Development Of Industrial Sector On The Economic Development Of India, Shailender Singh, Gajendra Singh Apr 2022

Impact Of Growth And Development Of Industrial Sector On The Economic Development Of India, Shailender Singh, Gajendra Singh

Management Dynamics

The industrial sector play's a significant role in boosting the overall economic growth of an economy. The small and medium scale industries set-up by the entrepreneurs in different states and Union Territories of India have contributed to the increased shares in the overall production, fixed investment, exports, employment and capacity utilization of SME's Units etc. The importance of industrial sector in providing large-scale employment is of paramount importance. The policy framework right from the First Plan has highlighted the need for the development of industrial sector keeping in view its strategic importance in the overall economic development of India. In …

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New Dimensions In Business Communication: Unconscious Layers, Strategic Judo, And Camouflaged Reversal, Magoroh Maruyama Apr 2022

New Dimensions In Business Communication: Unconscious Layers, Strategic Judo, And Camouflaged Reversal, Magoroh Maruyama

Management Dynamics

(1) Individuals differ in: (a) cognitive/cogitative types; (b) modal types: (c) degree of awareness of unconscious layers of thought process; (d) utilization of strategic judo and camouflaged reversal. (2) Cognitive/cogitative types should not be confused with skill types, aptitude types, emotional types, or personality types. (3) Individual differences in cognitive/cogitative types are mostly phenotypically innate. Therefore the assumption that you should be able to make everybody understand you is incorrect. (4) Communicational modal types are: factual mode, contextual mode, pictorial mode, insinuative mode, deceptive mode, etc. (5) Unconscious layers include self-deception, repression of one's own perception, inability to distinguish whether …

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Determinants Of Network Learning - A Conceptual Study, Shalini Rahul, Manmohan Rahul Apr 2022

Determinants Of Network Learning - A Conceptual Study, Shalini Rahul, Manmohan Rahul

Management Dynamics

Attention of researchers in the strategic management literature has been drawn to the phenomenon that a firm which develops an ability to learn offers an important source of competitive advantage to it. Thus the concept has been understood from a variety of angles like, levels of learning in organizations, process of learning, outcomes and barriers to learning. On the other hand, firms are increasingly being looked at from the network perspective, since it has been accepted that no organization can function in isolation and rather its existence is affected by the myriad of relationships with other firms, in which it …

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Hedging Performance Of Protective Puts And Covered Calls Portfolio: A Study Of Nse Nifty Options, Dheeraj Misra, Rajesh Dalmia Apr 2022

Hedging Performance Of Protective Puts And Covered Calls Portfolio: A Study Of Nse Nifty Options, Dheeraj Misra, Rajesh Dalmia

Management Dynamics

This paper aims at analyzing the return and risk characteristics of covered call and protective puts portfolios based on NSE Nifty index and to find out the factors responsible for the variation in returns on covered call and protective put portfolios. The factors which have been considered as the main determinants of returns on covered call and protective put portfolios are: the return on unhedged portfolio based on NSE nifty; the extent to which option is in the money or out of the money; time to maturity of the option; number of contracts traded; and Open Interest. The results indicate …

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India's Gems And Jewellery Sector: A Porter's Competetion Analysis, Ram Singh Apr 2022

India's Gems And Jewellery Sector: A Porter's Competetion Analysis, Ram Singh

Management Dynamics

The paper makes a Porter Analysis of India's Gems and Jewellery Sector wherein India is a significant player in the world market both as a source of processed diamonds as well as a large consumer market. India is the largest consumer of gold and a predominant portion of gold jewellery manufactured is consumed in the domestic market. Since times immemorial, India has been synonymous with gems and jewellery. Gems and jewellery (GJ) sector has grown enormously and occupies an important position in the Indian economy. On an export level, the industry moved away from the stereotypical view as being simply …

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Bonds And Options Valuation Using A Conditioning Factor Approach, Sankarshan Basu, Angelos Dassios Apr 2022

Bonds And Options Valuation Using A Conditioning Factor Approach, Sankarshan Basu, Angelos Dassios

Management Dynamics

This paper looks at methods to calculate prices (or approximate prices) of bonds (zero coupon as well as coupon bearing) where the interest rates follow a log-normal distribution using two different waysthe first method makes use of a conditioning variable similar to the approach of Basu (1999) and Rogers and Shi (1995), while the second method (only applicable in case of the zero - coupon bond case) is by making use of a direct expansion technique. The conditioning factor based method is then used to approximate the price of the bond (in fact the lower bound to the price of …

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Application And Validation Of Heterogram Analysis On Individualism-Collectivism Data Across Three Countries, Alvin Hwang, Magoroh Maruyama Apr 2022

Application And Validation Of Heterogram Analysis On Individualism-Collectivism Data Across Three Countries, Alvin Hwang, Magoroh Maruyama

Management Dynamics

The prevalent method to analyze data from several groups of individuals is to define some ad hoc boundaries of individuals-for example geographic, ethnic or gender boundaries and then compare statistical means and deviations between groups. This method assumes homogeneity within each ad hoc group and treats differences among individuals in each group as subgroup variations. Instead of imposing ad-hoc boundaries, we used a new method "heterogram analysis" (Maruyama, 1999) that looks for response datagenerated grouping of individuals and the meaningfulness of each emerging group. This approach was applied to individual-level individualism-collectivism data from three countries. The results showed five individual …

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Tourism Industry: Travelers' Perception, Tripti Udawat Apr 2022

Tourism Industry: Travelers' Perception, Tripti Udawat

Management Dynamics

Indian tourism offers an array of tourist destinations that attract travelers from all over the world. As the travelers' satisfaction is directly related with the quality of services provided by these industries, they are the prime stakeholders. Travelers' positive satisfaction is the only backbone of the commercial as well as economic development of these industries. This study focuses on the perception of different age and income group travelers about the factors responsible for the growth and development of tourism industry.

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Case Study: The Boss On A Toss, T.Frank Sunil Justus Apr 2022

Case Study: The Boss On A Toss, T.Frank Sunil Justus

Management Dynamics

This is a case study about Mr. Arul who goes up the ladder, starting his career as a process engineer and rising to become the president of the company. He is sincere & expects the same from his subordinates. When something goes wrong, he immediately takes tough action and always exerts his supremacy as a boss. On occasions, he fails to go deep into the problem and ends up taking superficial decisions. The curtains are down upon him at last. The organization comprises hard working employees who are able to meet various challenges and despite having a repressive boss, their …

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Customers' Satisfaction With Hospitals, Nishant Sinha, Tarun Gupta Apr 2022

Customers' Satisfaction With Hospitals, Nishant Sinha, Tarun Gupta

Management Dynamics

Providing good service quality is of great strategic importance in the management of any service organization. Besides ensuring excellent clinical care, hospitals should also focus on providing quality service to their patients and visitors. The findings from this study could provide useful information as to how hospitals could better manage their services and harness information technologies to enhance their service quality. The study shows that there is still a lot of room for improvement in the healthcare industry. Specifically, the healthcare industry as a whole seems to be weak in factors such as: Promptness, Attitude towards attendants. Communication. Consistency, and …

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Social Responsibility Of Business Schools In India, S. S. Bhattacharyya, A. Sahay Apr 2022

Social Responsibility Of Business Schools In India, S. S. Bhattacharyya, A. Sahay

Management Dynamics

Management education in India has great popularity and demand. Every second Indian is between the age bracket of 18 and 45. Thus management education in India is a necessity as the large pool of youth has to be groomed to lead this nation in the new millennium. But management education in India is yet in infancy. It has to grow to reach the youth and the women of smaller towns and rural India. Business schools in India have to develop innovative models to address this segment of Indian youth. This paper captures the attempts of certain Indian business schools, management …

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Roi Into Personal Selling Effort: An Empirical Analysis, Mehir Kumar Baidya, Partha Basu Apr 2022

Roi Into Personal Selling Effort: An Empirical Analysis, Mehir Kumar Baidya, Partha Basu

Management Dynamics

In spite of huge marketing expenditures, management frequently does not have any concrete knowledge of the return obtainable on its sizable investment into personal selling effort. Quantitative as well as qualitative measurements of effectiveness of personal selling effort are no doubt very difficult due to its interaction with numerous forces in the marketplace. The present work is carried out with the aim of studying the impact of personal selling on sales and overall customer satisfaction level relating to two brands (Keo-Karpin and Emami) of two firms by taking into consideration both financial and non-financial aspects of the measurement. The return-on-investment …

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Partnering Capability For Growth: Maturity Levels, Dinesh Kumar Likhi Apr 2022

Partnering Capability For Growth: Maturity Levels, Dinesh Kumar Likhi

Management Dynamics

Strategic Alliances are mushrooming with a desire of Co-creating and attaining Objectives, difficult to be achieved alone. The objective of this article is to understand two basic issues related to Strategic Alliance-Capabilities and Performance Management issues in Strategic Alliances. Strategic Alliances success can be gauged by their performance. To illustrate this point, we have taken two cases of steel industry. Caselet A has been a failure case and was taken at a stage when alliance capability maturity in the organization was low. Caselet B is a successful case and was taken at a stage when alliance capability maturity of the …

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Creating Competitive Edge-Looking Beyond Competition, S. K. Breja Apr 2022

Creating Competitive Edge-Looking Beyond Competition, S. K. Breja

Management Dynamics

Competition is the act of striving for dominance. Competition exists among different departments and people within the company for achieving departmental, personal and professional goals, and among different companies for market share. However, one of the most important considerations in formulating corporate strategy is the competitive advantage. The paper presents route to establishing competitive advantage in the present environment and stresses upon cooperation, interdependence and integration of thought processes for co-creation and turning the established advantage into an edge. A case study on cooperative and collaborative research in cement and construction sector is also presented.

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E-Governance Through Collaborations - A Case Of Nicnet Based Agricultural Marketing Information Network (Agmarknet), P. K. Suri, Sushil Apr 2022

E-Governance Through Collaborations - A Case Of Nicnet Based Agricultural Marketing Information Network (Agmarknet), P. K. Suri, Sushil

Management Dynamics

In this paper an attempt is made to conduct a strategic analysis of NICNET based Agricultural Marketing Information Network (AGMARKNET) - an e-governance programme initiated as a major component of a Centre Sector Plan Scheme of Ministry of Agriculture. Based on the analysis, the paper aims at explaining the importance of adopting a collaborative approach for realizing the ambitious goal of empowering the farmers with market information through this programme.

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Spontaneity, Agility, Craftsmen's Pride, And Informalization, Magoroh Maruyama Apr 2022

Spontaneity, Agility, Craftsmen's Pride, And Informalization, Magoroh Maruyama

Management Dynamics

To counteract rigidification by standardization, we need: (1) employees' self-generating experimentation without punishment for failures; (2) letting "the nail which sticks out" grow instead of hammering it down; (3) examining crazy ideas seriously; (4) cultivation of craftsmen's pride instead of filling the requirements like robots; (5) spontaneous change-generating quick interaction among heterogeneous employees (morphogenetic process); (6) barrier-free outbreeding to and from outsiders; (7) elimination of ponderous and rigid procedurism and overcontrol; (8) elimination of inbreeding; (9) mastering the masterpieces before moving ahead.

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Does The Introduction Of Stock Index Futures Reduce The Stock Market Volatility, Mamta Singh Apr 2022

Does The Introduction Of Stock Index Futures Reduce The Stock Market Volatility, Mamta Singh

Management Dynamics

Traditional econometric models assume a constant one period forecast variance. However, many financial time series display volatility clustering, that is, autoregressive conditional heteroscedasticity (ARCH). The aim of this paper is to estimate conditional volatility models in an effort to capture the salient features of stock market volatility in India and evaluate the models in terms of out-of sample forecast accuracy. The paper also investigates whether there is any change in volatility after the introduction of futures. The estimation of volatility is made at the macro level on a major market index, namely, S&P CNX Nifty. In addition, 50 individual companies' …

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Relevance Of Arbitrage In The Indian Derivatives Market, Shikha Tripathi Apr 2022

Relevance Of Arbitrage In The Indian Derivatives Market, Shikha Tripathi

Management Dynamics

The Futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future for certain agreed price. Since its introduction in the Indian market, futures are on the rise, attracting the three types of players i.e., hedgers, speculators & arbitrageurs. These players are able to book their profit only if there is any mis-match between spot-future relationship. The objective of this paper is to find out whether the spot-futures relationship holds in case of Index Futures in the Indian stock market which results in the arbitrage opportunity. This paper also aims …

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Single Index Model: An Implication On Bankex Stocks, Tarun Gupta, Nishant Sinha Apr 2022

Single Index Model: An Implication On Bankex Stocks, Tarun Gupta, Nishant Sinha

Management Dynamics

The objective of the study is to find out whether the Bankex stocks (17 bank stocks) are undervalued or overvalued with respect to the current Sensex high levels using Single Index Model. It also aims at finding out the future expectations from these stocks. In the financial economics literature, it is generally assumed that risk-averse investors expect higher returns for investing in relatively riskier assets and therefore, the risk premium represents the compensation to the investor for assuming risk. The non-zero risk premiums are not only directly unobservable but also vary substantially over time. Apart from the 'animal spirits' driving …

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Arbitrage Opportunities In The Options Market: A Study Of The Indian Index Options, Smita Pande, Sachin Suri Apr 2022

Arbitrage Opportunities In The Options Market: A Study Of The Indian Index Options, Smita Pande, Sachin Suri

Management Dynamics

The objective of this paper is to find out whether the put-call parity relationship holds in case of index options in the Indian stock market. The index which has been chosen as the underlying asset is NSE Nifty. This paper further aims at finding out different factors responsible for the violation of put-call parity relationship, if any.

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Determinants Of Growth - Indian Banking Industry & Auto Industry, Pankaj Sharma, Varun Chaturvedi Apr 2022

Determinants Of Growth - Indian Banking Industry & Auto Industry, Pankaj Sharma, Varun Chaturvedi

Management Dynamics

This paper analyses various factors that contribute to the growth of any industry and to find out the most important factors among them. The regression model technique is used for over 17 companies of Bankex and 23 companies of BSE Auto Index for the period 1999-2000 to 2004-2005. The primary reason for focusing our study on these two industries is the fact that they plays an important role in the economic development of a country by way of providing services and contributing to the manufacturing sector respectively. The paper finds retention ratio, debt-equity ratio are the major factors contributing to …

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Portfolio Optimization Using Single Index Model, Shilpi Srivastava Apr 2022

Portfolio Optimization Using Single Index Model, Shilpi Srivastava

Management Dynamics

The study here focuses on portfolio construction of mid cap companies, its optimization and throws up some important topics for further research. Issues discussed include the key inputs necessary to perform portfolio optimization, Markowitz Model, Single Index Model and the methods for evaluation of overvaluation and undervaluation of securities.

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The Study On The Presence Of Volatility Smile In Nse Indices, Neha Jain, Neha Sharma, Reenu Agarwal, Salim Akhtar, Sonia Lalchandani Apr 2022

The Study On The Presence Of Volatility Smile In Nse Indices, Neha Jain, Neha Sharma, Reenu Agarwal, Salim Akhtar, Sonia Lalchandani

Management Dynamics

If James Taylor had been an options trader, he might well have not written that second line. Options "smile" at traders, but that smile is not a source of happiness. It is in fact a source of considerable confusion and misunderstanding. In this paper, we explore how this confusion manifests in the pattern of different implied volatilities for different options on the same stock, a pattern commonly known as the volatility smile.

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Determinants Of Price-Earning Ratio, Reema Kulshrestha, Sonia Nanda Apr 2022

Determinants Of Price-Earning Ratio, Reema Kulshrestha, Sonia Nanda

Management Dynamics

Relative P/E-ratio valuation plays an important role among investment research analysts and advisors. The P/E ratio relates to the price paid to current earnings. Due to its simple computation for various stocks and also, for making comparisons between various stocks, it is widely accepted. The research question being addressed is to find out the determinants that differentiates P/E ratio of one company from the other in a specified time period and over a period of time. A P/E-ratio valuation model can be viewed as a technically simple model, using company's earnings as its value driver, and typically being dependent on …

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Managerial And Administrative Accidents, Magoroh Maruyama Apr 2022

Managerial And Administrative Accidents, Magoroh Maruyama

Management Dynamics

With good intentions, managers and administrators may cause professional accidents by overloading, overcrowding, overriding or overtrusting. (1)They may overload themselves and their subordinates; (2) They may overcrowd their time table; (3)They may shortcut and override some necessary details which their subordinates or business partners have painstakingly made; (4) In communist or post-communist countries, they may over-trust "official" specialists without any system of quality control.

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The World Is Flat: A Brief History Of The Globalized Worid In The 21st Century, Sonia Lalchandani Apr 2022

The World Is Flat: A Brief History Of The Globalized Worid In The 21st Century, Sonia Lalchandani

Management Dynamics

As far back as we can remember, the earth has been spherical. Paradoxically, it now appears that the world has "flattened". This is due to certain events which have taken shape over the past couple of decades. The consequent transition demands adaption not only from individuals and corporates but also society and nations as a whole. This is precisely the theme of Thomas L. Friedman's latest book "The World is Flat". If one wants to leam about globalization right from scratch, from its cradle to the present adolescent age, then Friedman's book is the right choice.

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Models For Creative Process, Sujit Kumar Dubey Apr 2022

Models For Creative Process, Sujit Kumar Dubey

Management Dynamics

Each and every creation, artistic, scientific, or commercial, adopts certain guidelines to achieve that position. Scientific creations are the results of convergent thinking where as artistic creations are results of divergent and convergent thinking both. But in advertising it is difficult to conclude that big ideas are result of either convergent or divergent thinking or both. Considering the problem the researcher tried to identify the creative process especially used by the creative people in advertising world. It was revealed through the study that there is a common creative process followed by the creative people in advertising.

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Ipos In Compulsory Demat Mode. How Fair For The Small Investors?, Sachin Agarwal Apr 2022

Ipos In Compulsory Demat Mode. How Fair For The Small Investors?, Sachin Agarwal

Management Dynamics

The SEBI ruling requiring issue houses to issue public offerings (IPO's, new issues, etc.) in compulsory demat mode has created an anomaly which keeps the small and long-term investor out of the game. The benefits that would have accrued to small investors are snatched away by the larger & powerful players. The IPOs of banks and companies like Maruti Udyog, NTPC and TV Today etc. had claimed to target the small investor, but the small investor had in fact been a mere conduit to channel the holdings to larger players. This defeated the objective of creating wide-spread public participation and …

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Is Capm Valid: Search For Efficient Market Portfolio, Bhavesh Sharma Apr 2022

Is Capm Valid: Search For Efficient Market Portfolio, Bhavesh Sharma

Management Dynamics

The selection of a proxy for market portfolio in CAPM model remains one of the most crucial steps in its empirical use. This paper aims to check the validity of CAPM in Indian market and to identify the most efficient proxy for market portfolio. Incorrect selection of this proxy may lead to inaccurate result and even rejection of CAPM model when tested empirically. This further emphasises the importance of selecting the correct proxy for market portfolio. The paper reviews why standard cap-weighted indices can be used as the proxy and then which ofsuch index is the most efficient proxy for …

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Achieving Sustainable Tourism Through Wto Negotiations, Ritu Narang Apr 2022

Achieving Sustainable Tourism Through Wto Negotiations, Ritu Narang

Management Dynamics

The paper aims to highlight the significance, relevance and importance of sustainable tourism in India through WTO negotiations. The objective of the study is to analyse the impact of international tourism on India before negotiating for further liberalization of trade in services under GATS provision at WTO and to protect domestic tourism sub-sectors in the light of sustainable tourism. The study also finds that sustainable development in tourism, both national and international, can assist India to accelerate its pace of economic growth.

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