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The IUP Journal of Soft Skils
Focus

Negotiations, whether personal or professional, are part and parcel of our daily life. However, the hue of these negotiations changes with the context. Corporate negotiations are often hard-nosed and are approached with a win-lose attitude. Successful negotiations are a consequence of mental attitudes towards the obtaining issues. Quite often attitudes mar negotiations. Soft skills play a major role in many organizational activities which include negotiations. The ‘soft’ side of negotiations is discussed by Reena Raj in her article “Business Negotiations: A ‘Soft’ Perspective”.

To be a leader one has to understand people. Human beings are a bundle of values, thoughts, beliefs and emotions, which interact among themselves and manifest in human behavior. Unless an individual understands the interactions between other individuals and more importantly within him/her, it becomes difficult for him/her to interact effectively with people. Emotional intelligence deals with the understanding of emotions within the self and the others. Subhashini P, in her article “The Intelligent Act of Emotions”, discusses emotional intelligence in the contexts of personal and professional lives.

Interpersonal relations to a large extent depend upon the communication skills of individuals. The state of communications within an organization depends upon a number of variables. A healthy environment promotes effective communications within the organizations resulting in good interpersonal relations, which further result in better organizational effectiveness. Our culture affects the way we communicate, particularly women, upon whom a number of factors impinge.

This in turn affects their professional relationships at the workplace.

R Krishnaveni and R Thamaraiselvi in their paper “Interpersonal Skills of Professional Women: A Psychological Approach”, discuss the factors affecting the professional relationships of women at the workplace.

The existing corporate environment imposes a great amount of stress on the various executives who are all part of the process. Stress not only affects the mental and physical health of the executives but also the financial health of the companies. What is stress and how do executives perceive it? Suvarna Sen discusses this in her article “Executives and the Stress Factor”.

Branding and brand development of products have been an ongoing process for a long time now. Similarly, a large number of companies engage in selling their image to the public at large. As a result, companies who have established their image/brand enjoy certain reputation, which further extends to their products.

As part of the process to further their image, companies are increasingly making a pitch for prospective and existing employees. This is being done with a view to attract and retain the best talent available. Much of their efforts concentrate on the ‘softer’ side of the company and its HR practices. Soumya Gaddam examines these issues in her article “Modeling Employer Branding Communication: The Softer Aspect of HR Marketing Management”.

When we look at the word ‘communication’, a majority of us limit its scope to language skills as a means of developing good interpersonal relationships. In fact, it encompasses every aspect of human behavior. Effective communication skills require a high degree of sensitivity to the purpose of communication, cultural context, the receivers’ attitudes and a host of other factors. Effective communication skills are also required in therapeutic settings/contexts, where sensitivities are heightened. Kavita Shastri reviews a very relevant book, which deals with such communication—“Therapeutic Communication: Developing Professional Skills”, written by Herschell Knapp.

- T D Prasad
Consulting Editor

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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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Soft Skills