IMPACT : International Journal of Research in Business Management

15-22

Authors: NWEKPA KENNETH C & EWANS CHUKWUMA

Business ethics is not only important but also required in every business relationship involving different interest and goals. Most organizations strive to co-opt ethical management principles as established code of conducts to mould employees’ perceptions, attitudes and value systems not only to be morally sound but to gain competitive advantage against its competitors. Ethics is a core management tool employed to enhance the required value system within its operational system through logical positivism and conditional normativism. This study was designed to examine the direction and magnitude of the relationship between Business Ethics and Corporate Performance in the Banking Industry with focus on selected banks in the South East, Nigeria. The study employed a survey type of research of which correlational design was used to determine the degree of the relationship between the studied variables. Structured questionnaire designed in an open-ended questions were administered to the sample drawn from the population of the study. The study concludes that the employment of ethical management practices within their operational system would enhance their performance and therefore, recommends that financial institutions should view codes of conduct as an indispensable tool that must continually be evaluated in order to shape employees’ behaviours in an attempt to meet the demands of the changing environment

31-44

Authors: SIMMYKURIAN & HAREESH N. RAMANATHAN

As the ubiquitous universe of social media continues to ever expand its horizons the faculty usage of social media is not very different from that of the larger population. While the faculty usage of social media in the classrooms makes them unique consumers of social media, this area still lags far behind the majority when compared to the usage of social media by other professionals. Faculty are sophisticated users of social media. Although the Faculty personal use of social media has shown a ever increasing trend the professional use of social media has lagged somewhat behind. A majority of faculty now use social media in a professional context (including all aspects of their profession outside of teaching). The number of faculty who use social media in the classroom still does not represent a majority.. They match different sites to their varying personal, professional, and teaching needs. In general, they see considerable potential in the application of social media and technology to their teaching, but not without a number of serious barriers. This paper attempts to ascertain the current faculty usage of social media. It also attempts to reckon the barriers that have deterred faculty from wide-scale usage of commercial social media tools in the classroom. A total of 87 faculty from various b-Schools were interviewed for the purpose of the study. The study used the Unified Theory of Acceptance and Use Technology (UTAUT) to ascertain the faculty perception towards social media Garret’s Ranking method to rank faculty preferences while choosing a social media site for teaching learning purpose. Statistical tools along with percentage analysis were used to analyze the data. The results indicated that although faculty had high effort expectancy, performance expectancy, behavioral intention, social influence and facilitating conditions for the adoption of social media their usage was largely found to be high for the purpose of reading /listening /watching content rather than for creation of new content. The study also reports the prime barriers to social media usage by faculty as the lack of integration of social media with the learning management system, lack of social media effectiveness measures and privacy concerns

61-66

Authors: PAGUDALA SUCHITRA & PAGUDALA SHEEBA RANI

Although the Indian Capital Market witnessed some significant changes in the eighties, both the primary and the secondary segments continued to suffer from serious deficiencies’. Many unhealthy practices prevailed in the primary market to attract retail investors and the high cost of new issues. Although over the years, number of agencies had increased, offering different types of services in connection with the new issues of capital, their activities were not overseen by any regulatory authority. The problems were even more serious in the secondary market. The general functioning of the stock exchange was not satisfactory. The exchanges were governed by their internal byelaws and managed by the governing bodies, which were dominated by elected member brokers. Trading members were also not adequately capitalized. Insider trading was rampant and was one of the major causes of excessive speculative activity, leading to default by stock brokers, frequent payment crisis and disruption of market activity. This in turn led to Lack of transparency in trading operations, besides resulting in long and uncertain cycles. This paper makes an attempt to look into the developmental role of capital market, facilitated by the role of SEBI and its never evasive role in the economic development of the nation. Stock exchange being an essential component of developed capital market brings together large amounts of capital necessary for the economic progress of the country. Since 1988, SEBI has been playing a significant role in regulating the Indian Capital market

77-88

Authors: ROBERT KIPROP CHELAGAT & JOSPHAT KWASIRA

The current study sought to establish strategic positioning of procurement functions in Elgeiyo Marakwet County. The objectives of the study were to determine strategic position of procurement function in Organizational Structure and effects on service delivery and the effects of government policy on strategic positioning of procurement functions in Elgeiyo Marakwet County, Kenya. Descriptive survey design was adopted in this study; the target population was all the employees in administrative position at various departments. Cluster, purposive and simple random sampling was used to select the respondents. Questionnaires and key informant interviews was employed in data collection. Descriptive statistics summarized the data into frequencies and percentages while inferential statistics indicated the relationship between procurement positioning and service delivery. The study established that the position of procurement function in the organization structure influence service delivery in the County Government. The study findings indicated that decision making for procurement lies with the county executives making procurement functions highly centralized. The Chief procurement officer is not strategically positioned to take part in procurement decision. Concerning the organization in the procurement department, it was found that procurement staffs have a good knowledge of the Counties strategic goals, procurement functions are included in the County strategic planning process, The County government develops procurement staff to develop some elements of competitive strategy. The study findings indicated that the procurement policy is quite comprehensive in addressing various sectors in procurement which include: setting standard procurement guidelines that are aimed at enhancing competition, efficiency and value for money, requiring adoption of e-procurement to enhance transparency and competition in the procurement functions, stipulating composition of the procurement committee in the County government and requiring publication of tenders in the medium that allow large number of audiences to access. It was noted that the policy does not stipulate the positioning of the procurement function.

7-14

Authors: M. SHARMEEN FAROOQ & VENU THYAGARAJAN

The ultimate test of corporate strategy is whether a firm creates economic value for its shareholders. A decade ago there was considerably less knowledge about shareholder value and doubt about its relevance to corporate governance. But in today’s economy it is essential to excel at measuring, managing and maximising shareholder and company value. The complexity of measurement of value deals not only with company’s historical financial results but also with its ability to create value in the future. The article seeks to compare the various valuation methods and bring out the advantages, limitations and suitability of the same.

21-28

Authors: B. SWATHI

This paper has been designed to review the existing literature available on HRM Practices. The purpose of this paper is to develop an understanding of HRM Practices and to examine the unique HRM practices implemented by different companies. Human Resource is the most important asset for any organization and it is the source of achieving competitive advantage. Managing human resources is very challenging as compared to managing technology or capital and for its effective management, organization requires effective HRM system. In this paper, an endeavour has been made to provide an overview of various aspects of Human Resource Management practices through the review of existing literature. The sources referred include various journals, books, doctoral thesis, working papers, reports, magazines, internet sites, newspapers etc and has been reflected as references at the end.

47-56

Authors: HOPE NGOZI NZEWI & NKECHI CORDELIA OJIAGU

This study investigated Women August Meeting and Socio-Economic Development of selected Communities in Anambra State. The objectives of this study are to assess the perception of members on whether training in skill acquisition has enhanced their income generation; and to find out the extent to which soft loan provision has facilitated investment in micro businesses. Descriptive survey research design was employed and data were analyzed with mean and standard deviations. One sample t-text of significance and Kruskal-Wallis test of independence were used to test the formulated hypotheses at 5% (percent) level of significance. Findings revealed that there is significant difference in responses of members that training in skill acquisition has enhanced their income generation. Besides, investment in micro-business depends on soft loan given to August Women members. It is therefore recommended that women should create new strategies for sourcing funds outside the churches and the government at all levels (local, state and federal) should provide grants to the women for comprehensive training in skill acquisition and establishment of micro-businesses. We therefore advocate that for any meaningful socio-economic development of communities in Anambra State, the Women August Meeting should elicit adequate financial and technical support from government and all stakeholders, [Inter-Agency Network on Women and Gender Equality (IANWGE), Women for Change Initiative and Non-Governmental organizations in the society].

71-80

Authors: SMITA MEENA

In India, the concept of mergers and acquisitions (M&A’S) was initiated by the government bodies. Corporate sector of India was restructured by financial organizations by adopting the M&A policies. This research aims to study the future prospects of worldwide M&A’s, and the role of Indian industries in global scenario. The present study tries to understand the extent of external deals made by India. The results reveals that Indian markets have witnessed burgeoning trend in mergers which may be due to business consolidation by large industrial houses, consolidation of business by multinationals operating in India, increasing competition against imports and acquisition activities. M&A’s have begun to gain momentum in India; there is plenty of examples of M&A provided in this research which proves that Indian industries have already entered into the M&A process of value creation.

93-106

Authors: PAUL EDABU & IJEOMA BLESSINGS ANUMAKA

This study was to investigate the way motivation tools are applied in private universities in central Uganda as a mechanism for encouraging academic staff to conduct assigned work, to establish the difference caused by gender in the way motivation tools are applied among private universities in central Uganda. The descriptive comparative survey designs involving ex-post facto design. 665 respondents participated in the study. They included professors, associate professors, senior lecturers, lecturers, assistant lecturers and teaching assistants. The respondents were selected using Sloven’s formula. The proportional stratified sampling technique was employed. While universities were selected using simple random sampling. Data was collected from four private universities which included: 215 academic staff of Kampala International University, 77 academic staff from Nkumba University, 65 academic staff from Uganda Christian University, and 37 academic staff from Cavendish University. Using 2 sets of non-standardized and research devised questionnaires. Data were analyzed using descriptive analysis and Independent t- sample test. The way motivation tools were applied was disagreed which alludes to unmotivated. There was no significant difference caused by sex in the way motivation tools are applied in private universities in central Uganda. In conclusion, academic staffs were unmotivated leading to low productivity. The researcher recommended that salary offered should be based on labor market conditions, cost of living, and performance in order to retain and avoid high labor turnover of the staff.

19-24

Authors: DHIMEN J. JANI & RAJEEV JAIN

This paper examines the Investor buying behavior of rural investors for financial assets specifically focused on mutual fund. As mutual funds are working as one of the key resource mobiliser in economy it also plays significant role in transmission of excess money of the investor to the borrower corporate houses. The paper also concentrates on how demographical factors affects the decision making process of investors. For the study purpose 100 respondents were surveyed in Sept. / Oct. 2012. It was found that there is significant impact of demographical factors like Age, Gender, Occupation, Education and income on the decision making process to buy mutual fund. For better understanding of the impact of the factors affecting decision making process of investors ranking of the factors were done. It was found that rural investors used relied heavily on financial advisor/planner so it is first in the category, after considering financial planner the investors laid second importance to risk and return profile of the mutual fund, next was the past performance of the fund and income planning was forth and finally it was brand the fifth one.

41-48

Authors: KALLEPALLI MADHAVI

This paper tries to determine the magnitude of the product cannibalization on generic purchasing decision and the consequent effort towards attitudinal conflict regarding the purchasing decision of consumers. This paper contributes a generic framework for analyzing product cannibalization. Although the factors affecting product cannibalization in mature product portfolios have been well studied, issues regarding the attitudinal conflict of consumers and its impact on consumers purchasing decision have not been addressed in the context of cannibalization. Since it is critical to be able to estimate the impact of a new product on purchasing behavior of consumers, this paper presents a descriptive model to discuss the issues associated with product cannibalization, specifically the impact of new product introduction on an existing product portfolio. The information processing model and different qualitative measures that can be used to understand the impact of cannibalization on consumer’s purchasing decision are discussed; along with case studies to illustrate the cannibalization effects caused attitudinal conflict to consumers.

59-67

Authors: PRALHAD KRISHNA MUDALKAR & RAHUL J. JADHAV

This research paper highlights the importance of communication system in selected sugar factories. Human resource is one of the most vital assets of an organization. It is the people who make other resources moving, they perform various activities in different functional areas. Human resource handles all physical and financial resources in an organization. Without their proper communication and efforts, these non-human resources remain idle. The sugar industry plays a very significant role for the development of rural area. The economy of Western Maharashtra and its vicinity is highly dominated by sugar industry situated in this area. The role of human resource work force managerial, supervisory and below managerial level staff and its contribution for the development of sugar factories, the research study deals with communication system adopted by the selected cooperative sugar factories.

7-16

Authors: TAMANNA BAVISHI & MRINMOY K SARMA

This paper develops a basic understanding of Repurchase Intention in the Indian Telecom Industry from the consumer theory literature. The paper describes how the Indian Telecom industry is suitable for conducting a study on dissatisfaction and also examines the context in which the consumers who are not happy with the services opt not to switch. However, Loyalty is not a part of this study. A well structured questionnaire has been used carried out an extensive survey through six metro cities of India, covering a total sample size of 5000. The study should be able to prove valuable to academic researchers as well as Telecom service providers.

23-36

Authors: M. DHANABHAKYAM & K. KOKILAMBAL

There is lack of clarity on the term “talent management” which makes researchers and practitioners left to define the term to suit to it to their requirements. Talent Management according to Lewis and Heckman’s (2006) comprises of three different conceptions which are as follows a) a collection of typical human resource department practices, b) the flow of human resources throughout the organization, and thirdly c) sourcing, developing and rewarding employee talent. There have been many practices adopted by different industries in order to manage the talent available with them such as team building, training, identifying talent, talent development, constant feedback etc. Talent management starts with recruitment process, alignment of the workforce to the organization, develop the people and get constant feedback to help in performance of an individual or an organization. The practices adopted generally differ from industry to industry in many cases and certain practices are more suitable for certain industries over others. At the same time there are some practices which are prevalent in most of the industries. This paper aims to bring out talent management practices which are adopted in four major industries Banking, Healthcare, Manufacturing and IT industry. And also practices which are more common among different industries. This research aims to map the existing talent management practices and its benefits to an individual or an organization.

57-72

Authors: ACHUGO EUSEBIUS & GBOYEGA E. BABALOLA

Child labour in Nigeria has been a problem that is becoming alarming in the society and also in the international community. Its elimination remains a major source of concern to the labour unions and industrial relations circles of the nation. This paper tries to look at this problem by looking at labour unions power centrality, its largeness and density of population amongst other associations in the country, to build a framework of alliance and solidarity that shows its central role as the protector of the citizen’s right to work, to fair work and treatment of workers. This could be fully enhanced into alliances, and connected networks with the civic society organizations and other meaningful groups to eliminate this modern menace of child labour. We used a comparative study method in which we used the connectedness to power of some civic associations that can change government or persuade its decisions on quick measures that could be employed to eliminate child labour in the Nigerian society. We also tested the key argument that unions power, centrality and largeness has a significant and positive effects on government, in controlling socio economic policies for the common good. Union centered, union linked civic association’s networks and connectedness can be useful in mobilizing other groups and the civil society to strengthen forces in the pursuit of a quicker implementation of measures on the elimination of the use of child labour. We highlighted therefore the important role of labour unions with its connectedness, alliance and solidarity with civic society organization in holding the government responsible to making effective policies and being accountable to the education and growth of its children for future socio-economic and political development of this nation.

81-84

Authors: SUNIL CHOUGULE

A nebulizer is a medical device used for the treatment of respiratory diseases like Asthma, COPD (Chronic Obstructive Pulmonary Disease) & Cystic fibrosis which converts liquid medication into mist or aerosol. When diseased person suffering with above infection inhales through the mouth the said liquid reaches in the form of mist or aerosol inside the lungs of a patient. Nebulizer use OXYGEN, COMPRESSED AIR or ULTRASONIC POWER to break up medical solutions & suspensions into small aerosol droplets that can be directly inhaled from the mouthpiece of the device.