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Management

Effective Executive


June' 06
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The Digital Divide: Meaning and Dimensions
P&Gs Connect-and-Develop: The Customer-centric Innovation Strategy
Takeovers and Business Growth: The Hostility Continues
Mergers and Acquisitions: The Issues Involved
Enterprise Architecture: Framework for Business Optimization
The Employer Branding: The People Advantage
Managing Moments of Truth: Earning Customers Trust
Health Tourism: Hospitality with an Indian Flavor
New Age Leadership and Emotional Intelligence: Exploring the Leadership - EI Connection
Workforce Management Getting Smart: Meaning and Dimensions
Agriculture in India: Needs a Refocus
Crisis Management: An Introduction
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The Digital Divide: Meaning and Dimensions

- - S Rajagopalan

The phenomenon of digital divide has technical, economic and social dimensions to it. Over the ages, society has seen divides along various lines: gender, education, wealth, religion, color, caste, creed, to name the major ones. While divides caused by gender, religion, color and caste are related to an individuals birth, those created by education or wealth may or may not be consequent fallout. In other words, education and wealth can be acquired by an individual, even though being on the wrong side of any of the other divides may severely constrain this acquisition.

Article Price : Rs.50

P&Gs Connect-and-Develop: The Customer-centric Innovation Strategy

- - Sadhu Ramakrishna, Dr. Nagendra V Chowdary

This article discusses P&Gs innovative business model "Connect-and-Develop." According to this practice, P&G co-creates products and develops them based on ideas from external collaborations.

Article Price : Rs.50

Takeovers and Business Growth: The Hostility Continues

- - MS Balaji, MB Supriya

Mergers and acquisitions are two important vehicles for growth. Of late, there has been a spate of mergers and acquisitions happening globally. But not all of them are peaceful. Hostile takeover involves acquiring a company against its will. However, hostile takeovers arent always a bad thing to happen. The article looks at the recent hostile bid by Mittal Steel in acquiring Arcelor and looks at the reasons for such bids. It also discusses strategies to counter hostile takeovers.

Article Price : Rs.50

Mergers and Acquisitions: The Issues Involved

- - C Vijaychandra Kumar

Mergers and Acquisitions (M&As) have become the order of the day with companies trying hard to manage their presence in this competitive globalized world of business.

Article Price : Rs.50

Enterprise Architecture: Framework for Business Optimization

- - Ravi Kumar Jain

EA allows organizations to manage the rapid change of technology, and business processes thus enabling them to communicate the change in an effective manner.

Article Price : Rs.50

The Employer Branding: The People Advantage

- - Sanjit Kumar Roy

In the modern economy where human resource has become one of the main sources of competitive advantage, the looming skill shortages and the death of resumes have triggered the growth of employer branding as a concept.

Article Price : Rs.50

Managing Moments of Truth: Earning Customers Trust

- - Harish B

Managing critical touch points with the customers called the "Moments of Truth" should be one of the priorities of both product and service providers. In this era of commoditization of products and services, these "Moments" can be critical differentiators. Firms must invest in putting their best face forward to the customers. Otherwise, all their efforts in retaining the customers are not going to bear fruits.

Article Price : Rs.50

Health Tourism: Hospitality with an Indian Flavor

- - Priya Angle

Health tourism combines the traditional form of vacationing along with a wide array of medical services. Adventure, relaxation, enjoyment along with healthcare and wellness is the major focus of this concept.

Article Price : Rs.50

New Age Leadership and Emotional Intelligence: Exploring the Leadership - EI Connection

- - Laurainne Theogaraj

Leading an organization in todays complex and dynamic business environment, calls for special skills and abilities that go beyond academic excellence and technical know-how.

Article Price : Rs.50

Workforce Management Getting Smart: Meaning and Dimensions

- - S Jaya Krishna

Workforce Management (WFM) process involves planning and scheduling of the workforce integrated with time and attendance management. WFM solution is transforming itself from being merely a tactical solution to being a more strategic solution that provides next generation, sophisticated workforce management capabilities.

Article Price : Rs.50

Agriculture in India: Needs a Refocus

- - K P Prabhakaran Nair

With the focus on agriculture missing clearly, India is on the wrong road to development.

Article Price : Rs.50

Crisis Management: An Introduction

- - Nagasudha Ravinuthala

Crisis can be better managed by planning for it in advance. Efficiently managing and communicating a crisis situation can help companies in reaping profits even after the crisis.

Article Price : Rs.50

European companies now need better engineers and managers, and thats not just from Europe, but from wherever they are.

- - Prof. Kamran Kashani

In addition to Europe, I have been following North America too. In many areas, they influence what we see in Europe. In some areas, of course, European business is quite on its own. However, a good question. One thing that has changed more than the others is the level of competition. We are seeing a lot of competition, be it from American companies or low-cost Asian companies. Companies are also better run today than they were in 1970s. Government protection is being withdrawn, too. If you look at whats happening in many European countries like France or Germany or even Switzerland, you will see that days of protectionism is over. Maybe the rate of change is slower than what you would like it to be, but it is happening. The problems with Danone are a good example. Takeover threat and strong national protests are very typical of Europe.

M&A Favorites: Cross-border Deals or Domestic Deals?

- - Avishek Sengupta, Sumit Kumar Chaudhuri

Since its origin in the 19th century, Mergers and Acquisitions (M&As) have been one of the most prominent inorganic growth strategies pursued by businesses across the world, which witnessed a rapid growth towards the end of the 20th century. Between 1980 and 1999, mergers and acquisitions, both international and domestic, grew at an average rate of 42% per year to $2.3 tn in 1999. While in 1990, global M & A deals accounted for 0.3% of the worlds gross domestic production, the figure had grown to 8% in 1999.

 
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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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