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The IUP Journal of Soft Skills

December'11
Focus

Gone are the days when soft skills have been disregarded and shunned by several managers as being irrelevant or unimportant. Be it a technical expert or maverick, or financial wizard,

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Paper Prototypes: Key to Innovation
Spiritual Intelligence at Work
Conflict Management: Making Life Easier
Good Listening Skills Make Efficient Business Sense
The Importance of Communication
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Paper Prototypes: Key to Innovation

-- Gary Oster

To succeed in the dynamic global marketplace, corporations need to routinely introduce innovation in their products, services, ideas, environments, and processes. The current global economic turbulence requires that new ideas be vetted, prioritized, and effectively tested with customers prior to initiation. Historically, companies have used prototypes in an ongoing conversation with customers to ascertain their actual needs and the attributes of products, services, processes, environments, and ideas most likely to satisfy those needs. Prototypes are an integral tool in the design process, not a result of it, and the appropriate use of prototypes is critical to mitigation of risk. This conceptual paper contends that prototypes—especially inexpensive, quickly developed two-dimensional paper prototypes—are a highly effective communication method used to elicit ideas and emotional responses in role discovery with customers, and should be a core competency and a primary mode of thinking and operating in every corporation.

Spiritual Intelligence at Work

-- Catherine Joseph and Sree Sailakshmi

The authors explicate that the terms spirituality and spiritual intelligence have no connection and have nothing to do with religion or belief systems. With spiritual intelligence happening at the workplace, the environment will be more favorable. A better working atmosphere relates to a higher level of output. The purpose of this paper is to emphasize on the significance of spiritual intelligence, the commitment to righteousness and ultimate wisdom at the workplace. The authors have attempted to show how by developing one’s spiritual intelligence, one can develop skills such as intrapersonal and interpersonal relations, problem solving, goal attainment, motivation, commitment, responsibility, self-awareness, team spirit, stress management, time management, leadership and transformation, necessary for work and be successful at workplace. The paper provides a few suggestions on how to develop spiritual intelligence. The authors conclude by stating that spiritual intelligence need not be an inborn trait but can be developed, which results in making life and work more meaningful and enjoyable.

Conflict Management: Making Life Easier

--Akinchan Buddhodev Sinha

From an unhappy customer to a dissatisfied director, business may face the challenge of conflict from any direction. The challenge of conflict is not always properly dealt with. According to a research done by the Center for Effective Dispute Resolution (CEDR), Europe’s biggest alternative dispute resolution body, the approach towards a conflict makes a difference. Most organizations strive for attaining higher sales, profits and growth, but amidst all these, they tend to lose focus on one important aspect, i.e., conflicts, which may be smoldering inside the organization and, if neglected, may become a cause for massive destruction. Effective management of conflict can lessen the amount of time and money spent in trying to solve an issue, reduce the damage it could cause to those involved, and help decision makers make smarter choices much before the damage.

Good Listening Skills Make Efficient Business Sense

-- D B Rane

The ability to understand and give response effectively to verbal communication is known as listening. The effectiveness in listening necessarily depends on the interrelationships between the sender and the receiver of the message, which is found to be a vital skill more particularly for the managers in business organizations while obtaining need-based information to perform their jobs successfully. The quality of relationships with others and job effectiveness largely depend on the listening ability of the individual concerned. Lack of listening ability at all the levels in the organizations lead to work-related problems. To become a good listener, one needs to practice and acquire special skills so that the vital information sent by the speaker is well received by the active listener. A lot of concentration and firm determination is required to become an active listener. Thus listening, among others, is one of the most essential skills one should have. Many people have bad listening habits and hence need to put a lot of effort to break these habits to become effective at work. This reveals that improvement in workplace productivity is possible by developing active listening and better communication at all the levels. This paper explains the process of listening, significance of active listening in business communication, concept of effective listening, and barriers to good listening, and gives vital tips to become a good listener.

The Importance of Communication

-- Padmashree Radhaswamy and Anjum Zia

The objective of this paper is to understand the key aspects of good and effective communication, how to develop them, and the major challenges faced in the process. This task is accomplished by extensive literature review, and by interviewing experts and working professionals. The focus is on how effective communication is demonstrated and on the differentiating factors among good and not so good communicators. The study necessarily intends to go deeper and more technical than the myriad “how to be a good communicator” genre articles.

 

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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