IMPACT : International Journal of Research in Business Management

1-8

Authors: J. Arpankumar

Business involves a rich network of relationship. Relationship with customers, employees, suppliers, competitors, communities, government and environment. The relationships may be classical and contractual or may be formal or informal and enforced primarily by the need the parties have to go on doing business with each other. With the emergence of globalization the environment of business has changed and engendered complex set of relationships for the modern day business. To harmonize these complex sets of relations, modern day business must architect such relations which result in productive human capital and make business complex to simplex. It has become challenge for almost all business running corporations to transform themselves from complex set of relations to simplex and for this business must acknowledge, assure and ensure that intangibles ‘human relations’ are our greatest assets. Relations who result in human capital can be successful when we consider people as our greatest strength, harmonizing ethics with economics, building trust. "The most important, and indeed the truly unique, contribution of management in the 20th Century was the fifty-fold increase in the productivity of the manual worker in manufacturing. The most important contribution management needs to make in the 21st Century is similarly to increase the productivity of knowledge work and the knowledge worker." – Peter Drucker

21-28

Authors: S. K. Singh & Vivek Tiwari

The present study deals with the study of motivation of employees and its relationship to some other relevant variables. The study was conducted on the workers of JCT Electronics Ltd., Vadodara, in May, 2011. This paper tries to find out the Motivation level of the respondents and figures it out into three different categories of Low, Moderate and High. Further, it tries to establish the relationship if any that exists between Motivation as a dependent variable and Age, Experience and Education level of the employees as independent variables. Data of both types i.e., primary and secondary has been used for the study. Secondary data has been collected through company’s Documents, Manual and its website, the Primary data is collected from 70 employees belonging to different educational backgrounds, hierarchical positions and age groups through a questionnaire that contains factors that have been taken from McClelland’s achievement needs theory, Herzberg’s two factor theory, Latham and Locke’s goal theory, and Hackman and Oldham’s job characteristics model, which are different in approach, yet complimentary. The instrument employs 11 questions on a 5 point likert based scale. The responses from the respondents were then subjected to statistical tests. The results show that Motivation level of respondents is quite good, though there is scope of improvement as there were respondents with low level of motivation. Further, motivation seems to be unrelated with the different independent variables. It can be inferred from the results that factors responsible for motivating employees seem to be present in the environment of the organization.

37-48

Authors: D. Shreedevi

Stress has become significant due to dynamic social factors and changing needs of life styles. Stress can have a major impact on relations in organizations and also on work itself. Because of that, the concept of stress and elimination of it should be symbolized as an important guideline towards effectiveness and successfulness in the workplace. Each individual in stressful situation responds and also reacts differently, and because the source of stress is not always the content of work or work itself, each individual must also know how to avoid these situations and be able to control them. Stress is not always negative for the individual and is not always causing negative situations, negative mood or in worst cases psychological disorders or even physical illness. The study shows that although stress is present in the workplace, it is still managed in different ways. This study has been able to identify the proportion of the participants who were affected by work related stress. The study highlights the need for better understanding and management of work related stress both at the organizational and individual level.