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Management

Case Folio


December' 07
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Mavericks at Work : Why the Most Original Minds in Business Win
     
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Sparks Fly in the Bajaj-Tvs Spark Plug Controversy -- Suvra Bisi and Debapratim Purkayastha

Google and the Issue of Internet Privacy -- Syeda Ikrama and Debapratim Purkayastha

Ovi: Nokia's Foray into Internet Services -- A Srinivasa Rao, Debapratim Purkayastha and Neha Sharma

Case in Focus

Innovation at Cirque du Soleil -- Manasi Pawar and Vivek Gupta

The case discusses the various innovations at Cirque du Soleil (Cirque), the Canada-based circus entertainment company. Since its first performance in 1983, the company strove to be different from other circuses by constantly coming up with innovations. Every show presented by Cirque was based on a central theme with a supporting storyline, amalgamating different circus styles from across the world. Cirque avoided animals and star performers, which were commonly seen in traditional circus. The performances at Cirque were very innovative and quite different from what people normally saw. It added a certain amount of sophistication to traditional circus and thus carved out a niche market for itself.

Workforce Diversity at Nordstrom -- Satya Prakash Medisetti and Shirisha Regani

Nordstrom was well-known in American corporate circles for its commitment to diversity. The company not only made a conscious effort to recruit a diverse workforce, but it also extended its diversity initiative to outsiders who were associated with the company, through its third-party diversity initiatives. This case discusses Nordstrom's diversity initiatives. It describes how the company partnered with several organizations to ensure that it had access to a diverse pool of candidates for its recruitment efforts. It also provides information on the culture at and policies of Nordstrom that ensured that diversity was promoted in all parts of the organization. The case also discusses the ways in which Nordstrom extended its diversity initiatives to its suppliers and consumers through some of its programs. The case concludes with a commentary on the extent to which the diversity initiatives were successful at the company, in light of the lawsuits filed by some disabled employees against the discrimination they faced.

McKinsey's Knowledge Management Practices -- Indu P and Vivek Gupta

The case describes the knowledge management practices at McKinsey & Company (McKinsey). Managing knowledge effectively is of prime importance especially for consultancies like McKinsey which depended heavily on knowledge for their existence and growth. The expertise McKinsey gained over the years was put into optimal use through knowledge management. Knowledge was spread in the firm through training sessions, seminars, workshops, sharing of the findings of the projects. The other KM efforts that McKinsey undertook included development of centers of competence, a practice information system, a practice development network and a knowledge resource directory. The case also examines how McKinsey promoted a culture of knowledge sharing within the firm.

Macau : The Future Entertainment Capital of the World? -- Barnali Chakraborty and Sachin Govind

Macau's economy has been dependent on the gaming industry since the 18th century, when it was under Portuguese control. Macau became a Special Administrative Region (SAR) of the People's Republic of China (PRC) on December 20, 1999. With the Chinese government implementing the "one country, two systems" policy, Macau continued to have an open economy with a legal gaming industry. The case discusses the state of Macanese economy after the handover. It gives details of the SAR government's initiatives to transform the island into an international tourism and gaming center, including the opening up of the gaming industry. The favorable policy changes attracted several foreign casino operators, who announced plans to build resorts, hotels, exhibition and conference amenities, showrooms, shopping malls, spas, restaurants, and entertainment facilities, besides casinos, in Macau. The expansion of the gaming industry was expected to bring huge opportunities as well as challenges for Macau. The case deals with some of these issues and ends with a discussion on the future prospects for the economy of Macau.

Mavericks at Work : Why the Most Original Minds in Business Win --Authors: William C Taylor & Polly LaBarre Reviewed by Rajiv Fernando

This book is about how some `maverick' companies have used innovative strategies to connect with customers, counter competition, attract talent, and build a sense of ownership among their employees.

Article Price : Rs.50

 
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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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