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Management

Effective Executive


February '11
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The Customer Experience-driven Organization : The "Zingerman's Way" to Great Service
Collaboration and Co-Creation : A Framework for Implementation
Hospital downsizing : A breach of trust?
Building Trust by Ethical Values and Virtues : The Key to Long-term Success
So, What Do We Do Now? : Stopping and Starting Over
Prevailing trust through Corporate Social Responsibility in Spain : Demystifying misleading profit-maximizing paradigms in the context of the current global crisis
The Power of Specialization, Division of Labor between Firms and the Rise of the Service Economy : A Study
The Moral of the Moment : A Ride to Remember
Delegating Effectively : Terence R Traut
Knowledge of Followers : Does It Matter for Leaders?
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The Customer Experience-driven Organization : The "Zingerman's Way" to Great Service

-- Ari Weinzweig, John Tropman

In a world where there's more and more competition every day for customers' dollars, great service really does make a difference. Service standards are generally so poor, that when you can actually deliver great service it's a memorable, if not monumental, event.

Article Price : Rs.50

Collaboration and Co-Creation : A Framework for Implementation

-- Gaurav Bhalla

The article presents and discusses a framework of four processes and competencies for designing and implementing co-creation programs. First, companies need to listen to their customers. Second, they need to meaningfully engage their customers. Third, they need to respond externally and create vehicles for co-creating value with customers. Finally, companies need to respond internally, by investing in co-creation structures and processes. These four elements working in concert create the capability of customer collaboration and co-creation in companies.

Article Price : Rs.50

Hospital downsizing : A breach of trust?

-- Ronald J Burke, Eddy W S Ng, Jacob Wolpin

The years 2009 and 2010 witnessed the downsizing and restructuring of the healthcare sector in North America. Elsewhere the governments have been struggling to reduce deficits at a time of worldwide economic recession. Hospital downsizing, reflected in the termination of some employees, reflects a breach of employee trust in the employer-employee relationship. This article examines the relationship between downsizing efforts undertaken by the healthcare sector and its perceived threats to job security among the nursing staff.

Article Price : Rs.50

Building Trust by Ethical Values and Virtues : The Key to Long-term Success

-- Christoph Stückelberger

The current economic crisis is among others a crisis of trust. Re-building trust is possible by inculcating good personal behavior and making institutional decisions based on ethical values and virtues. The following article shows the meaning and implications of this perspective and the steps which can help to build trust.

Article Price : Rs.50

So, What Do We Do Now? : Stopping and Starting Over

-- Dan Coughlin

This is an incredibly important time in history. The world has gone through a massive shake-up. Industries have been tossed up and down and all around. The economic hurricane has blown over many existing structures and careers. The storm is over, and now the rebuilding has begun.

Article Price : Rs.50

Prevailing trust through Corporate Social Responsibility in Spain : Demystifying misleading profit-maximizing paradigms in the context of the current global crisis

-- Christian F Duarte Varela

Debates over the scope of corporate responsibilities have raised an important theoretical question that goes to the purposes and roles of the modern companies. Do we constitute a company just to maximize profits. How do we balance the profit-maximizing interests, with corporate social responsibility and trust building? In Britain, the model seems to work outstandingly, excelling in Europe. How is the situation for Spain? This article explores these questions.

Article Price : Rs.50

The Power of Specialization, Division of Labor between Firms and the Rise of the Service Economy : A Study

-- Jochen Wirtz, Michael Ehret

Why have services grown into the dominant sector of developed economies? An analysis of macroeconomic data shows that business services make the strongest contribution to the rise of the service sector. In this article, we integrate three related economic theories of the firm to explain business services in shaping firms, industries and economies. Business service providers relieve their clients from the costs of asset ownership, unlock management capacity and support their clients in navigating their firm's boundaries towards their most valuable business opportunities.

Article Price : Rs.50

The Moral of the Moment : A Ride to Remember

-- Rob L Jolles

Article Price : Rs.50

Delegating Effectively : Terence R Traut

-- Terence R Traut

Article Price : Rs.50

Knowledge of Followers : Does It Matter for Leaders?

-- GRK Murty

Leadership comes into existence only when there are followers. And nothing makes a leader more successful other than having followers who can always tell the truth, even at the cost of their safety. It is only when followers say the truth and leaders willingly listen to them that organizations achieve success.

Article Price : Rs.50

-- Richard B Chase

You can't trust companies where the processes which underlie their business are so complicated that no one really understands how they work.

The interview was conducted by
-- Dr. Nagendra V Chowdary

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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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