BUSINESS REPORTING
XBRL : Progressive Yet Challenging
-- Dhandapani Alagiri and Sushuma G
Extensible Business Reporting Language (XBRL) aims at enhancing the electronic dissemination of financial information and the reporting process at lower cost. The real benefits of XBRL can be realized only when it is properly planned and implemented. This article explores the benefits and challenges in implementing the reporting language and how it is evolving. Though there are some risks associated with the implementation and adoption of XBRL, the potentials of XBRL outweigh those risks. The acceptance of XBRL in an increasing number of countries and by many statutory authorities points to its bright future.
© 2009 IUP. All Rights Reserved.
COVER FEATURE
"Our vision is to be the premier establishment in the Middle East facilitating the acquisition of knowledge and skills."
-- Dr. Ma'en Al Qatamin
President, Knowledge Horizon, Dubai.
Dr. Ma'en Al Qatamin, a Jordanian citizen, completed his graduation from a premium university in Jordan. Then he completed his Masters in Business Administration from the University of Nottingham, UK, followed by his Ph.D. in Management from the prestigious Warwick Business School, UK. After putting in a decade of experience as Professor of Management with the leading university of Dubai and a senior trainer and consultant, he set out to start his own venture, Knowledge Horizon, so as to bridge the yawning gap existing between the reality and the actual which was prevailing at that point in time. His vision not only enabled the corporate clients in the UAE and subsequently in the Gulf Cooperation Council (GCC) region to leverage the advantages, but also allowed many working executives to complete the training programs without compromising on their personal and professional engagements.
© 2009 IUP. All Rights Reserved.
BUSINESS STRATEGY
Adapting Valuation Approaches for Changing Business Models
-- C G Srividya
There are several time-tested valuation methodologies used for arriving at a valuation of a company. These include methods under the cost, income and market approaches. Most of these methods traditionally assume that the business is single country-specific. In the current Indian context, with the growing hybrid models in business, arising out of internationalization of Indian corporates, giving importance to the local economy/country/region is changing rapidly and dynamically. There is a significant shift from focus on the locus operandi to the modus operandi of the business. The evolution of hybrid business models has hence necessitated using appropriate valuation approaches, which are discussed in this article.
© 2009 IUP. All Rights Reserved.
CRISIS MANAGEMENT
Managing Crisis : The Corporate Way
-- A V Balakrishna and Jyothi Puvvada
Corporate crisis causes a company to lose the balanced relationship it had enjoyed with its constituents, stakeholders, etc. An effective crisis management is the systematic recovery of such lost balance. Corporate crisis may occur due to internal or external factors. It may take place in any of the functional areas like finance, human resources, marketing, production, etc. Crisis management embraces many elements like identification of the crisis, crisis planning, crisis communication, team management and effective leadership, each of which plays a crucial role in the process.
© 2009 IUP. All Rights Reserved.
DIVERSITY
Multicultural Organization : A Big Boon for All
-- Manishankar Chakraborty
Multicultural organizations are the ones which are globally successful. People never ask a multicultural brand, whether it is prepared in the US plant or in the Indian unit. Brands like Nike, Mercedes Benz and Walt Disney sell anywhere simply because they have a global outlook, which, in turn, comes from a multicultural set-up. This article tries to decipher multiculturalism as a big boon for all organizational stakeholders.
© 2009 IUP. All Rights Reserved.
HR
HR As Change Manager
-- Indranil Banerjee
The organizational change necessitates making the company dynamic, competitive and responsive. However, people are prone to resist for fear of unseen challenges. If the concerns of employees are not properly tackled and redressed, there is a fair chance that the change initiative may boomerang. The people issues are managed by HR; thus, in case of any change initiative called for by the organization—whether incremental or transformational—the role of HR becomes vital. This article makes an effort to portray the various roles that evolve for HR with other inherent issues and challenges that HR faces in the course of such organic drive with success.
© 2009 IUP. All Rights Reserved.
ONLINE BRANDS
Building e-Tail Brands
-- Subhasis Ray
This article discusses the pros and cons of building a brand for a Web-based retailer. It first discusses the generic issues involved in brand building and the four components of brand value, which are built through stories, images and associations by using culture, influencers and customers. Web-based retailers need to consider the role of navigability and interactivity in building trust which leads to brand attitude and brand loyalty. They also need to clearly define their brand identity and build a platform for a strong online brand.
© 2009 IUP. All Rights Reserved.
M&A
Mergers and Acquisitions : Mantra of New Markets
-- Aruna Desai and C Madhavi
We are living in a multi-polar world where the demand and supply is constantly growing as well as shifting around the world. Day-by-day, organizations are becoming more complex than ever before. It is not just managing but it is managing smartly that is required to attain the competitive position. Today, Mergers and Acquisitions (M&A) is considered as a new wave for a new century. Various strategies are applied to achieve it. M&A is the key corporate strategy that companies use for purposes like expanding their operations to increase long-term profitability.
© 2009 IUP. All Rights Reserved.
GREEN GROWTH
Environmental Sustainability : CEOs Can Make The Difference
-- T Mohanakrishnan
The concept of `Green Growth' is being talked about at various forums. It should not be a talking agenda, but is to be taken in the real spirit for the purpose of implementation. This article analyzes the role and contribution of today's CEOs in maintaining the environment and make it sustainable for the generations to come.
© 2009 IUP. All Rights Reserved.
OUTSOURCING
Outsourcing Relationship : A Strategic Approach to Core Competency
-- Dr. S Manimaran and Hari Sundar G
After liberalization, Indian companies have become market-driven. Many business houses are undertaking corporate restructuring and re-engineering in order to compete globally. Companies are defining the business they are in and the rest of the activities, which are not related to core, are being outsourced. This article discusses the strategic aspects as to how effective outsourcing relationships can pave way for core competency.
© 2009 IUP. All Rights Reserved.
CASE STUDY
Carrefour in China: Savoring the Success
-- I B Saravanan
Carrefour, the world's second biggest retailer from France, initiated the idea of `hyper-market' in 1959, stressing the need for mass-sales, low delivery cost and everyday discount to achieve high sales turnover. The reasons for its phenomenal success throughout the world were the facilities it offered at its hypermarkets such as one-stop shopping, low selling price, freshness, self-service and free parking. It remains to be seen how it would face up to the challenges posed by local retailers who would aggressively compete for growing market share in the world's fastest-growing economy.
© 2009 IBS Case Development Center. All Rights Reserved.
BOOK REVIEW
CEO of Me : Creating a Life That Works in the Flexible Job Age
-- Authors: Ellen Ernst Kossek and Brenda A Lautsch
Reviewed by R Subramanian
Entrepreneurs and leaders are born and the same is true of CEOs. Extraordinary people are born out of circumstances. Many CEOs are the compact mix of educational inputs and industrial expertise. To sustain their leadership as a CEO, CFO, COO or CTO certain standard operating procedures are required. This book acts as a guiding material for the existing and upcoming CEOs wherein the authors have combined the managerial aspects and psychology.
© 2008 Pearson Education. All Rights Reserved. IUP holds the copyright for the review.
|
