INCENTIVE SCHEMES
ESOP : The Best Days Are Gone?
-- Diganta Chakrabarti and Srabasti Chatterjee
Employee Stock Option Plan (ESOP) has been used in organizations as an effective benefit measure
and retention tool. Indian organizations, mostly in IT industry have followed the western ones in implementing
ESOP. But, in the face of the global economic crisis, its potential value needs to be reviewed in the Indian context.
Many organizations are withdrawing or suspending ESOP in favor of other types of benefits. This article
critically addresses this issue by looking at the pros and cons and suggesting possible alternatives.
© 2009 IUP. All Rights Reserved.
COVER FEATURE
"Aricent co-creates the world's
most innovative communication products
and services."
-- Sudip Nandy
Aricent is a global innovation, technology and outsourcing company focused exclusively on communications. It
combines the leading innovation capabilities of Frog Design with unparalleled domain expertise in communications gained as
a strategic supplier to the world's foremost infrastructure, application and service providers. Aricent investors
include Kohlberg Kravis Roberts & Co., Sequoia Capital, The Family Office and Flextronics International. Aricent has more
than 550 clients worldwide.
© 2009 IUP. All Rights Reserved.
MANAGEMENT
Change Management in a Changing World
-- Wayne Turk
Implementing change in your personal life or in your organization is difficult. This article presents how
good change management can make the implementation easier. It includes definitions of change
management, reasons why change happens, looks at the change process and resistance to change, discusses problems
and pitfalls, presents ways to determine desired results, and provides guidelines and suggestions for
successful change implementation.
© 2009 Wayne Turk. All Rights Reserved.
MANAGEMENT
Business Ethics : A New World Order
-- Aruna Desai
Today, the world of business has changed in a remarkable way. It has undergone endless changes to
adjust itself to the new competitive realities. The organizations must tune themselves with this changing environment
in a way which is honest, ethical and accountable to the employees, customers, shareholders and
stakeholders. Business ethics has become the theme of worldwide importance in the current eon. Often we hear
shocking stories of corporate misconduct and wrongdoing by individual business people. It appears that somewhere
a thin line of discipline with ethics is missing in most of the well-known corporates. It is difficult to imagine
them giving greater importance to ethics than business, profit maximization and managerial leaders.
© 2009 IUP. All Rights Reserved.
MANAGEMENT
Leadership : A Tool for Organizational Effectiveness
-- Itishree Mohanty
The effectiveness of leadership is vital in transforming an organization into competitiveness. Leaders are the
key ingredients who guide an organization onto the path of success. In an organization, the leader must have
some unique qualities that help in achieving world-class competitiveness. Nowadays economies, business,
social problems, etc., all these issues have become more and more complex. So, greater skill and knowledge will
be beneficial for the organizations that develop and retain the leadership talent. This article focuses on a
leader's most significant job of creating a working environment that motivates and develops people to perform their
best for the accomplishment of organizational goals.
© 2009 IUP. All Rights Reserved.
M&A
Vodafone-Hutch Deal : Opening a Pandora's Box
-- S Sarath Chandra
With one of the largest M&A transactions India Inc. has ever witnessed coming under the tax net, other
cross-border deals, not only in telecom but also in other sectors that have taken place in the recent past, may too
have to brace up for closer scrutiny from tax authorities. Vodafone case might have opened a Pandora's Box.
© 2009 IUP. All Rights Reserved.
BUSINESS PRACTICES
Era of Corporate Governance : Necessity for Survival
-- Challa Madhavi
Corporate Governance (CG) has succeeded in attracting the public interest because of its
perceptible significance for the country's growth, economic health of corporations, and of society at large. However,
the concept of CG is poorly defined because of its wider coverage of large number of stakeholders in
distinct economic phenomenon. In the changing global scenario, implementing potential CG framework
gives organizations a cutting-edge competitiveness in the world market. It is the basic mantra in the current
scenario for future survival.
© 2009 IUP. All Rights Reserved.
ECONOMY
Subprime Crisis : Impacts and Implications
-- Prof. Pankaj Madhani
Subprime mortgage loans are made to home loan borrowers who are having higher credit risks compared
to prime mortgages because of irregular payment in the past, higher amount of debt compared to income level
or any other such factors. Major causes of subprime crisis include the inability of homeowners to make
their mortgage repayments, poor judgment by borrowers as well as lenders, excessive speculation in property
price, high level of personal and corporate debt, and lack of proper regulation and innovation of structured
financial products. The subprime crisis is likely to have long- lasting economic impact on the world market.
© 2009 IUP. All Rights Reserved.
CASE STUDY
Carbon Credits Bazaar: Opportunities and Challenges for India
-- Doris John and Punithavathi Srikant
The burning of fossil fuels and the effects of deforestation has raised the concentrations of
heat-trapping `greenhouse gases' in our atmosphere. As the concentration of these gases continues to increase in
the atmosphere, the earth's temperature is increasing at alarming levels and the issue of global warming
has gained great significance.
© 2008 IRC . All Rights Reserved.
SHORT BOOK REVIEW
Effective Leadership: Lessons in a Cross Cultural Context and Employee Health and Wellness: Perspectives and Cases
-- Editors: Saritha Seshagiri and Joshi Rajul Gajendra
and Sumati Reddy
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