| COVER
STORY Cross-cultural
Skills : Winning in a Globalized World
- - Y Chandra Sekhar
As
the twin forces of liberalization and globalization gain momentum, all across
the world, multinational firms are increasingly realizing that they cannot superimpose
or export their business models which made them successful in their domestic market
to their foreign subsidiaries, as cultural difference plays a major role as a
business barrier. It is because of this that not many foreign firms have succeeded
in Japan or Germany. Hence, the key to success is a thorough grounding of managers
in cross-culture, a term that is gaining popularity among Multinational Companies
(MNCs). It's also a lesson for MNC aspirants from emerging economies like India
and China.
© 2007 IUP . All Rights Reserved
HIGHER
EDUCATION Management
Education : Innovation Needed
- - Veena V Shenoy
As
the economy is transforming from an agrarian economy to a knowledge economy, we
need to upgrade our higher education system to suit the demand of the industry.
What is education? A parcel of books, or assortment of subjects? Not at all, it
involves an interaction with people also. The 21st century poses several challenges
and provides new opportunities for each and everyone of us. Today, India can no
longer be considered as an agrarian economy only as it has now been transformed
into an industrial and a knowledge-based economy.
© 2007 IUP . All Rights Reserved
HIGHER
EDUCATION
Concerns
Over Commercialization
- - Monika Thakur
The
article discusses the impact of commercialization of higher education through
General Agreement on Trade in Services (GATS) on its overall quality. As the issues
concerning commercialization are crucial and complicated, each country needs to
examine these from the perspective of merit, efficiency, ethics, nation-building,
equity and national security.
© 2007 IUP . All Rights Reserved
IN
FOCUS Jobs
on the Web
- - A Anand
Flipping
through `situations vacant' ads in newspapers is a passé now. Welcome to a job
search revolution in the Web world with just the mouse clicking open the world
of possibilities. The Internet is like one-stop shopping and allows searching
major job databases at one stroke. A proper job-hunting provides the right directions
to the best resources currently available.
© 2007 IUP . All Rights Reserved
IN
FOCUS Crowdsourcing
: Harnessing the Power
- - V Venkateswara Rao
Through
this new innovative business idea, companies are reducing the risks of new product
management by using the popular and cheaper information technology, through bringing
the people from outside into the design process of the company. Latent creativity
of the masses is tapped to reach corporate goals.
© 2007 IUP . All Rights Reserved
HR
Return
on Investment : A Challenge for HR Professionals
- - Mona Sahay
The
process of Return on Investment (ROI) is an effective measure of the contribution
of Human Resource Management to an organization. In this era of cut-throat competition
and increasing economic pressure, the importance of having a measure of the contribution
of HRD cannot be overemphasized. The process of ROI is an effective one to measure
the benefits of HR programs. ROI helps HR professionals prove their contributions
to the organization and enhance their influence within the organization, which
even top managers acknowledge and appreciate.
© 2007 IUP . All Rights Reserved
MANAGEMENT
Six
Sigma : Concepts and Applications
- - Priya Angle
In
business parlance, `Six Sigma' is a tool to reduce costs. However, focusing on
cost alone without considering customer requirements may not produce the desired
results.Six Sigma is an approach that enables organizations improve processes,
reduce costs and thereby increase profits. The objective of Six Sigma approach
is to achieve customer satisfaction by focusing on defect-free processes and products.
© 2007 IUP . All Rights Reserved
MANAGEMENT
Role
Clarity
- - KR Iyer
Lack
of role clarity could well be the story in many institutions which are managed
by a large number of people. Is there role clarity in your organization? If not,
just read the article.The article is about four people named-Everybody, Somebody,
Anybody and Nobody. There was an important job to be done and Everybody was sure
that Somebody would do it. Anybody could have done it but Nobody did it. Somebody
got angry about that because it was Everybody's job. Everybody thought Anybody
could do it, but Nobody wouldn't do it. It ended up that Everybody blamed Somebody,
when Nobody did what Anybody could have done.
© 2007 IUP . All Rights Reserved
MANAGEMENT
Eight
Habits of Highly Ineffective Companies
- - Nirajkumar Ambadas Thool
The
reasons which are attributed for the fall of the societies can more or less be
assumed to be valid for the fall of the organizations as well.Organizations are
like miniature societies. But there is a difference between a society and an organization.
An organization is more tight-structured and regimented than the society. It's
not a kind of a cluster shepherded by varied portfolio of leaders. You may come
across a `one-man-driven organization'. So, we have to widen the area of approach
and narrow it at the same time while approaching the problem.
© 2007 IUP . All Rights Reserved
INDIA
INC. India
Inc. : Riding the Globalization Wave
- - Amita Singh
While it would take years to resolve the debate over whether globalization
is good or bad for emerging economies like India, the domestic firms are already
emphasizing their strong presence in the global business arena.
© 2007 IUP . All Rights Reserved
PERSONALITY
DEVELOPMENT Psychological
Tests : For Better Hires
- - J Parameswari
The
article discusses some of the psychological tests on personality, aptitude, interest
and adjustment that can be used in recruiting the right candidate for the right
job. The growth of any organization lies in choosing the right person, for the
right job, at the right time. Today, recruitment has become an extensive process
unlike earlier days when the interviewee was forced to answer questions unrelated
to his work. Today, all the organizations look for the right interest and right
aptitude in their employees. Hence, the use of scientific testing and psychological
assessment modules have become an integral part of the recruitment process for
a large number of organizations, and their benefits are being noticed.
© 2007 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT Ethics
: A Layman's Perspective
- - Shailja Agarwal
Ethics
has become a topic of heated discussion among business schools across the globe.
This article, as the title suggests, does not deal with highly advanced perception
of ethics, rather it results from the inquisitiveness of a professional who may
not be an authority to talk on ethics, but for whom ethics could be equally important.
Hence, the article aims at acting as an eye-opener in certain ethical areas in
life that we confront daily. Again, it does not present any solution but merely
aims at raising certain issues which definitely deserve some attention.
© 2007 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT Social
Entrepreneurship : Towards a Sustainable Development
- - Vasudha Vasakarla
Social
entrepreneurship is the new buzz in the business scenario today, directed towards
a meaningful sustainable development of the society. Doing business for a social
cause is the other form of social entrepreneurship. Muhammad Yunus of Bangladesh,
who received the Nobel Peace Award, 2006, for his pioneering work in microfinance
and bringing about a revolutinary transformation in the lives of the underprivileged
section of the world, has definitely turned the attention of the world towards
the need for social entrepreneurship. He has taught the world the true meaning
of business ethics and social contribution of business, for an overall healthy
development of the society.
© 2007 IUP . All Rights Reserved
BOOK
REVIEW Mavericks
at Work : Why the Most Original Minds in Business Win
- - Authors: William C Taylor and Polly LaBarre Reviewed byAmit Singh Sisodiya
There
are companies, which are ordinary. There are companies which are outstanding.
But there is another breed of companies which are mavericks. They believe in out-of-the-box
thinking and treat talent the same way as their customers. The unconventional
ideas and groundbreaking strategies of these companies can help others plan well
for the 21st century-a better way to lead, compete and succeed.
© 2007 IUP . All Rights Reserved | 
