COVER
STORY Women
in Business : Of Substance, Strength, and Success
-- Amita Singh
Women
managers are slowly but surely breaking the glass ceiling to handle strategic
and key positions which were once thought of the prerogative of their male counterparts.
However, they still face significant challenges. In 2006, The Fortune, one of
the most influential business publications in America, released its annual list
of 50 most powerful women business managers; it sprung off quite a few pleasant
surprises. There were three Indian women managers who made it to the list this
time as against two in 2005 rankings.
© 2007 IUP . All Rights Reserved
TALENT
MANAGEMENT Competing
for Talent : The War Intensifies
-- A Anand
The
shortage of workforce and the consequent competition for highly- skilled staff
resulted in a talent war especially in hi-tech industries. Attracting and retaining
talent is one of the serious problems faced by the corporate world today. Lack
of time and attention from top executives is one of the key barrier of managing
talent. These developments reiterate the need of the organizations to make suitable
initiatives to retain talent in their annual agenda. Information Technology (IT)
companies are facing severe talent crunch than traditional companies.
© 2007 IUP . All Rights Reserved
INDUSTRY
Outsourcing
: Offshore or Nearshore
-- Shivani Shukla Raval
The
economic logic behind offshoring is the reduction of cost. People who use their
skills for lesser pay have an advantage over those who demand more wages. Countries
should freely trade the items that cost them less to produce.In today's cost competitive
environment, organizations are working overtime to maximize their efficiencies
worldwide. As a result, firms are focusing more on their core competencies and
relying on outsourcing of non-core activities to cost-efficient locations such
as India and China, that provide low-cost pharmaceutical and IT services due to
economies of scale.
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ADMISSIONS
MBA
Admission System :Needs a Change
-- B R Londhe
Entrance
Exams are challenging in nature and are meticulously designed to assess candidate's
skills in communication, calculation, ability in analyzing situations, drawing
deductions and decision-making. However, it is important that students are oriented
to the expectations of the various Entrance Tests.
© 2007 IUP . All Rights Reserved
HRM
Attrition
Rate : Ways to Control
-- K Abirami Devi and Ranjitham D
BPO
sector is gearing up to generate one million jobs by the year 2008. However, high
attrition rate is the biggest challenge faced by this sector. This article discusses
the strategies to be adopted to reduce attrition rate.
© 2007 IUP . All Rights Reserved
HRM
Negotiation
: Needs Exploration and Interaction
-- Suravi Mandal
Human
needs and interests play an important role in negotiation. Understanding and assessing
the key needs of the negotiators is a sure way for successful negotiation. The
prime focus of need-based negotiation is on the interests and the expectations
of the negotiators.
© 2007 IUP . All Rights Reserved
MANAGEMENT
Application
of Gandhian Principles in Management
-- Mita Vora
Gandhi
is the best example of an effective manager and an extraordinary leader. It is
high time, we analyzed his principles and qualities to understand his management
style. The new-found faith in Gandhian principles means good for the country and
businesses, only if interpreted correctly.
© 2007 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT Coastal
Agriculture : The Promising Future
-- Meenu Bhatnagar
Coastal
agriculture plays an important role in the economy of the local community as it
provides much needed economic support and employment. The article explores the
important aspects such as the role of shelter belts and their benefits in coastal
agriculture.
© 2007 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT Economic
Development :The Role of Knowledge Society
-- Chikati Srinu, Krishna Reddy B and Uma Shankar B
The
pace of India's progress will depend to a large extent on its ability to make
available the latest and most useful knowledge to vast sections of the population.
In the modern society, knowledge creates new opportunities for action. It drives
innovation and innovation drives to progress. Hence, today, knowledge is the most
important force of production that drives economic growth. Creating a knowledge
society is fundamental to fulfill the vision of a developed India. India should
leverage the power of information technology to leapfrog poverty barriers to promote
economic and social development.
© 2007 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT India
: An Emerging Economic Powerhouse
-- Sunitha Ravi
Economic
liberalization has paved way for rapid technological process for India, while
globalization has given its young talent vast employment opportunities across
the globe. India's self-confidence is improving with each global acquisition.
As a result, India is slowly emerging as an economic superpower.
© 2007 IUP . All Rights Reserved
CRM
CRM
: Development of an Effective Strategy
-- Vijay Kumar Mishra and P Hanumantha Rao
Much
has been talked about the effective role and importance of Customer Relationship
Management (CRM) strategies and inclusion of it as a vital part of development.
This article aims to present a few points of concern about CRM's role.
© 2007 IUP . All Rights Reserved
PERSONALITY
DEVELOPMENT Soft
Skills Training : The Hard Way
-- K Jayashri Shetty
There
is a hue and cry, especially by the corporates, regarding soft skills training.
Some corporates today have in-house trainers to brush-up the soft skills of their
personnel. Most other corporates expect new entrants to their organization to
be tailor-made to fit in their requirements. This article analyzes the soft skills
training and the ways to go about implementing the same.
© 2007 IUP . All Rights Reserved
PERSONALITY
DEVELOPMENT Networked
Relationships : Ambits and Boundaries
-- Asha Arvind
The
Behavioral Science approach today emphasizes that success is governed by right
attitude and personality. The article discusses the importance of dynamics at
work and how these can become the vehicles for creative and winning combinations
of knowledge pools.
© 2007 IUP . All Rights Reserved
PERSONALITY
Milton
Friedman
-- Vijayanand CH
The
leading proponent of the Monetarist School of Economic Thought, Friedman was well-known
for reviving interest in the money supply as a determinant of the nominal value
of output.
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