Volume 1 Number 2 October, 2006

Title: Special Report- The 10th May, 1857 Windowing in the History on Completing 150 Years of the Meerut Revolt against Britishers.

Description: 

Author-Name:  Dr. Himanshu Agarwal, Senior Lecturer, Department of Commerce, I.P. College, Meerut.

Author-Email:  dr_hagarwal@yahoo.com

Abstract: The Meerut has been the main centre point to start our Struggle of Independence. The native sepoys had terminated the use of cow-fat-greased cartridges. A massive Massacre of British Officers and their families took place after the Revolt. The given lines have been taken from the famous book on Indian Freedom Struggle - “Battles of the Indian Mutiny” written by ‘Michael Edwardes’ published first by in 1963 by B.T. Batsford Ltd. and then by Pan Books Ltd., London in 1970. The detailsof the Author are not given the book.

Classification-JEL: A0, C0

Keywords: Meerut, cartridges, Mutiny, Battle.

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 5-6.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-1.pdf

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Title: The History and Mystery of Worldwide Merger Waves (The stature in Context to Liberalisation)

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Author-Name:  Dr. Bhagaban Das, Reader, PG Dept. of Business Management, Fakir Mohan University, Fakir Mohan University Balasore, Orissa.

Author-Email:  drbhagabandas@gmail.com

Author-Name:  Alok Kumar Pramanik, Selection Grade Lecturer, Dept. of Commerce, Bhatter College, Dantan, West Bengal.

Author-Email:  alokdntan@sify.com

Abstract: It is well known fact that merger waves exist. These normally come in waves and are an enduring mystery. The search for a single explanation for their existence, growth and size continues. The history of US, UK and India merger waves shows that each wave has had a different motivator, including regulatory and economic factors. The nature of the waves also changed with differences in the type of deals, the behaviour of the involved companies and the methods of payment. Why then should there be a single explanation for the existence of merger waves? Considering their history there is no reason to believe that a single model exists to explain this phenomenon. But, it is crystal clear from the study that they tend to occur during economic expansions, and end when the market and the economy slow down.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 7-12.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-2.pdf

 

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Title: Environmental Responsibility of Business (The Emerging issues in Society)

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Author-Name:  Dr. Tapas Kumar Bose., Professor, Department of Commerce, University of Burdwan, West Bengal.

Author-Email:  tkbosebgbl@yahoo.com

Abstract: Environment is a matter of serious concern to everybody. It is indeed a matter of life and death to every nation. Business has a broader social responsibility that encompasses legal, ethical, economic and environmental obligations.It should be understood that business is a social proposition, too. A business organization, while making profit in the normal course of its operation, must actively respond to the needs and expectations of the society at large. This imperative has led to the development of a doctrine of social responsibility of business.The recognition of social responsibility has brought to the glare of limelight the environmental responsibility of business. It is now widely accepted that a firm must take steps to protect and conserve the environment for the common benefit of mankind.The protection of environment is a collective responsibility of all individuals, groups, organizations and governments. The future of mankind depends on how scrupulously business organizations perform their responsibility towards maintaining a clean and healthy natural environment along with their industrial, commercial and trading activities. The non-business organizations which have the same responsibilities towards the environment as business organizations must act in a similar fashion.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 13-16.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-3.pdf

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Title: Media Effectiveness on Brand Preference (A Case study of Consumable oil)

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Author-Name:  N. Rajalingam, Professor, Lecturer, Dept. of Management Studies, Manonmaniam Sundaranar University, Tirunelveli.

Author-Email:  rajalingam.na@gmail.com

Abstract: Competitive advantage of the marketers fetch them the success. Many a times, the consumers do not exactly know the cometitive advantages of the marketers. It is promotion of the marketing mix depends on the nature of the product. In consumer marketing, advertising dominates, as effective advertisements reach the consumers at cheapest cost per prospect and can be easily understood. The advertisement effectiveness depends on media selection based on the consumers’ media havits and the message. Thus, the effectiveness study enables the marketer to sketch a perfect promotional plan. This study focuses on the advertising effectiveness on motivating trial, changing or reinforcing the brand preference, and prompting to recommend and media effectiveness on reach and richness for consumable oil. This study also focuses on the media havits of the consumers and their perception on various media for advertising consumable oil.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 17-21.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-4.pdf

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Title: Management of Non Performing Assets (The Significance of Balance Sheet Transparency)

Description: 

Author-Name:  Dr. P.N. Singhal, Reader, Dept. of Commerce. D.N. College Meerut.

Author-Email:  rnimeerut@gmail.com

Author-Name:  Dr. G. Raghvan, Professor of Finance, SDM Institiute for Management Development, Mysore.

Author-Email:  guru_raghavan@yahoo.com

Author-Name:  Surinder Pal, Depty Director, The Institute of Chartered Accountants of India, New Delhi.

Author-Email:  spal@icai.org

Abstract: The NPAs, apart from not yielding any revenue locks up a more or less equal amount of outstanding as provision which is going to be culled out of the current diminishing level of profits and retained earnings. It is also ironical that incomes recognized from good performing assets do not become available as lending resources but will have to be used as provisions and support for NPA. Moreover NPA as long as they form part of the bank’s balance sheet exhibit a weak factor. A question that arises is how much risk can a bank afford to take? Recent happenings in the world – like Enron, Worldcom, Xerox – do not give much confidence to banks. In case after case, these giant corporates became bankrupt and failed to provide investors with clearer and more complete information there by introducing a degree of risk that many investors could neither anticipate nor welcome. The history of financial institutions also reveals the fact that the biggest banking failures were due to credit risk. In line with the international practices and as per the recommendations made by the Committee on the Financial System , the Reserve Bank of India has introduced, in a phased manner, asset classification and provisioning for the advances portfolio of the banks so as to move towards greater consistency and transparency in the published accounts. Banks are urged to ensure that while granting loans and advances, realistic repayment schedules may be fixed on the basis of cash flows with borrowers. This would go a long way to facilitate prompt repayment by the borrowers and thus improve the record of recovery in advances.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 22-29.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-5.pdf

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Title: Growth and Challenges of BPO Industries in India (Their role and contribution in the development)

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Author-Name:  Dr. Rakesh Kumar, Coordinator, Faculty of Commerce, Shri K. K. Jain College, Khatauli, Muzzafarnagar (U.P)

Author-Email:  drrkdhall@rediffmail.com

Abstract: In olden days only trade was considered the engine of economic growth but in recent years service sector has assumed unprecedented importance. In addition to traditional services like banking, insurance, and tourism Business Process Outsourcing (BPO) has been the latest attraction in India. It has emerged as a new dimension of business in India and has proved as the key source of income and employment. BPO is a long term contracting for non-core business activities to an outside provider. It helps the management to concentrate its attention on core business. India is emerging as a global outsourcing hub as it has a sound outsourcing potential specially in information technology services, programming and information technology enable services (ITES) viz. call centers, back office operations, communication and networking, media and entertainment, relationship management and medical transcription. Various developed countries like US, UK, Canada are turning toward the developing countries for outsourcing their non-core activities. India is the most preferred due to availability of large pool of English speaking population, less servicing cost of the qualified personnel, stable political environment, and sound reputation in international market due to quality services. But it is found that outsourcing activities are going unexpected complex and costing high instead of simplified operations it requires more attention and deeper management skills than anticipated. Present paper is highlighting the challenges and suggests the ways to face those challenges.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 30-35.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-6.pdf

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Title: Business Strategies for Sustainable Growth (Application of Competitive Advantage Tool of Porter)

Description: 

Author-Name:  Er. S. Rajaram, Lecturer, Master of Business Administration, A.K. College of Engineering, Sevakashi,

Author-Email:  pcsrajaram@yahoo.co.in

Author-Name:  Ashok Kumar, Head, Department of Business Administration, Forte Institute of Technology, Meerut.

Author-Email:  ashokmeerut@rediffmail.com

Author-Name:  Vivek Gupta, Lecturer, S. D. Engineering College, Muzaffarnagar.

Abstract: In this era of globalisatin, liberalisation an privatisation formulating stategies for growth has been the main focus area of top management of the firms; not only growth but sustainable of Porter propounded, “Competitive Advantage grows out of the value of a firm is able to create for its buyers that exceeds the firm’s cost of creating it. There are two basic types of competitive advantage – cost leadership and differentiation”. A firm may choose to emphasize one of three ‘value disciplines’--Product leadership, Operational excellence, and Customer intimacy. an essential lesson for the corporates is that competencies are the roots of competitive advantage, and therefore business should be organised as a portfolio of competencies rather than a portfolio of business.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 36-41.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-7.pdf

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Title: Academic Rating : In The Changing Global Scenario (Certification For Education Quality)

Description: 

Author-Name:  Dr. Ramesh Kumar, Reader, Faculty of Commerce and Business Administration, S.D. (PG) College, Muzaffarnagar..

Abstract: Around 247 universities and 98 deemed university level institutions and about 17000 colleges in India are providing higher education to approximate 10 million students in the country. But, there are a few universities and institutions touching the level of excellence, as they are well equipped with sound infrastructure, resources, faculty and programme of teaching as the advanced countries possess. Whereas most of the other institutions engaged in higher education do not come anywhere near the level of average institution of higher education. As there is a direct correlation between the development of higher education and economic development only a sound education system can trim the shape of India in becoming the superpower in the world. Only growing number of higher education institution do not affect the quality of education as quality is determined by their modus operandi. Growing competition at global level has changed the overall scene of higher education. Now education is not at all considered as mere service but now it is a marketable just like other services. In such market-oriented scenario, it is very important to set up such agencies that can check the overall activities of these institutions independently. In India, NAAC, NBA and AB are playing the key role to evaluate educational institution’s quality through accreditation, assessment and academic report process in higher education.The Present paper is a humble attempt that enlightens the working of accreditation bodies and critically evaluates it.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 42-45.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-8.pdf

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Title: Role of FDI in Indian Economy (A Concern of the FDI and Indian Regime)

Description: 

Author-Name:  Dr. Brijesh Kumar, Lecturer, Faculty of Commerce and Business Administration. D.N. College, Meerut.

Author-Email:  dr.brijesh.ag@gmail.com

Author-Name:  Anuj Singhal, Chartered Accountant, Research Scholar.

Author-Email:  dr.brijesh.ag@gmail.com

Abstract: The last two decades of the 20th century witnessed a marked change in attitude of most developing countries towards foreign capital, accompanied by a dramatic world wide increase in foreign direct investment (FDI). Most countries now regard FDI as beneficial for their development efforts and compete with each other to attract it. The success of many Asian economies (China, South Korea, Singapore, Thailand, and Malaysia) is largely attributable to high level of foreign investment and export promotion.Though India has one of the most transparent and liberal FDI regimes among the developing countries with strong macro-economic fundamentals, its share in FDI inflows in dismally low. The country till suffers from weaknesses and constraints, in terms of policy and regulatory framework which restrict the inflow of FDI.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 46-48.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-9.pdf

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Title: Present Scenario of Tea Industry in India(The Role and Relevance in Indian Economy)

Description: 

Author-Name:  Dr. Poonam Rani, Lecturer, Department of Commerce, A.S. (PG) College, Mawana.

Abstract: India is largest producer and consumer of tea in the world. India produces 27% of total world production of tea and its trade is 13% of total world trade 25% of indigenously produced tea is exported. For mixing and export some quantity of tea is imported 100% import duty is on tea under present foreign trade policy.High production cost of tea and productivity problems needs immediate attention. In this area long term development and modernization steps have been taken - 1.In central government budget of 2005-06 additional custom duty of Re. 1/kg. has been withdrawn and 2.To maintain quality and brand equity of tea central government has issued Tea (Distribution and Export) control order 2005.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 49-52.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-10.pdf

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Title: Education – An Entrepreneurial Perspective (The most compelling charm for producers)

Description: 

Author-Name:  Dr. G.P. Prasian, Associate Professor and Head, Department of Commerce, Manipur University, Canchipur.

Author-Email:  gpprasain@yahoo.co.in

Author-Name:  Dr. E. Nixon Singh, Lecturer, Commerce, D.M. College of Commerce, Imphal

Author-Email:  enix1969@gmail.com

Abstract: Entrepreneurship, of late, has attracted much public interest since it is the focus of bringing industrial growth and had been receiving the attention of the planners, policy-makers, social scientists, economists, industrialists, financial institutions, administrators and academicians. It is regarded as the most crucial factor in the economic development of a country. Educationists have also long been aware of the importance of education in the development of human resources. It may be noted that education, entrepreneurship and development are inter-related.The paper attempts to study the role of education in the socio-economic origin of entrepreneurs and offer suggestions for fostering entrepreneurship in small scale industries of Manipur. The authors are of the opinion that education can play a great role in the development of entrepreneurship in small scale industries of Manipur.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 53-58.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-11.pdf

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Title: Education – An Entrepreneurial Perspective (The most compelling charm for producers)Promotion of Units and The Background of Entrepreneur (The Relation with Their Education and Occupation)

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Author-Name:  Arun Singhal, Head, Department of Management Studies, Dr K. N. Modi Institute of Engineering and Technology, Modinagar.

Author-Email:  arun_k_singhal04@yahoo.co.in

Abstract: In this study researcher found, whether there is any relationship between educational background of entrepreneurs and nature of enterprise promoted, occupational background of entrepreneurs and nature of enterprise promoted, and among the educational and occupational background of entrepreneurs and nature of enterprise promoted, when all taken together. Researcher observed and found in most of the cases educational backgrounds are not directly linked with the promotion of units. Therefore, it gives low relationship among the three constituent taken together. Even though there is high relationship between the occupational background and nature of units promoted. Study shows experience has more bearing than educational qualification of the entrepreneurs on choice of an industrial area. Entrepreneurs under the study undertook the project in which they have very good work experience, even though they had educational specialization in other industrial areas.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 59-64.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-12.pdf

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Title: Blood Systems : A Case Study of Cross Culture Issues and Challenges

Description: 

Author-Name:  Corrine Bliese, Research Associate

Author-Email:  profsaeed@yahoo.com

Author-Name:  Mohammad Saeed, Professor, College of Business, Minot State University, Dakota, USA

Author-Email:  profsaeed@yahoo.com

Abstract: In the wake of the “Mad Cow” disease tragedy in the United Kingdom, it became apparent that the UK would need to look elsewhere for its country’s blood plasma needs, particularly as the possibility of transfusion-related transmission surfaced. They turned to providers of blood products in the United States and reached a contractual agreement with Blood Systems, Inc. in 2003. Thus, Legal, logistical, and cultural challenges were addressed and overcome in this international humanitarian-business relationship. Addressing the cultural differences between the United Kingdom and the United States in negotiating the contract was only the beginning of the challenges facing Blood Systems in this international venture. The contract itself had to be written to deal with European Law and medical /technical regulatory policy, the logistics of international shipping, currency valuation fluctuations, and contract renewal/extension.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 65-69

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-13.pdf

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Title: Unravelling of The Leadership Phenomena (Code, Charisma, Capability, and Divinity)

Description: 

Author-Name:  Dr. Vikas Chandra Agarwal, Faculty in Commerce, Kumaon Institute of Information Technology, Kathgodam.

Abstract: As changes sweep across generations, as technology overthrows existing parameters, what distinguishes an organization from others is its ability to lead and set the pace. Once this is understood, the real challenge is in actually driving this change by harnessing individual strength and using technology as an enabler of this change. We function in a world today where Management, Leadership and Motivation are being redefined. In today’s ultra-competitive business environment leadership is about building winning characteristics in to the organization so that achievement levels exceed normal expectations. Leadership is about doing things that Management does not define.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 70-73

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-14.pdf

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Title: Factoring Services in India (Mechanism, Feasibility and Prospects)

Description: 

Author-Name:  Sujata Kapoor, Lecturer, Institute of Management Studies, Ghaziabad.

Author-Email:  sujata_kapoor2004@rediffmail.com

Abstract: Factoring is a unique financial innovation. It is a popular mechanism of managing, financing, and collecting receivables. It is method of converting non-productive, inactive assets (i.e. receivables into a productive asset (viz., cash) by selling receivables to the company that specializes in their collection and administration popularly known as factor. A “factor makes conversion of receivables into cash possible. The factoring industry is an important part of many financial systems and it has established itself as a major source of finance and credit management for growing number of companies. This study would be focused to understand the mechanism of factoring services in Indian scenario, its feasibility and prospective outcomes it can bring in the Indian financial sector.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 74-78

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-15.pdf

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Title: Indian Tourism Industry in 21st Century

Description: 

Author-Name:  K. Rajamani, Lecturer in Management Studies, P.S.R. Engineering College, Sevakasi.

Author-Email:  rajamaniravi@yahoo.com

Abstract: Services have emerged as the most dynamic sector of growth. The ‘Services’ sector of the economy comprises Hotels, Transport and Communications (including tourism), Financial, Real estate and Business Services Community, Social and Personal Services (including civil administration & Defence). This paper deals with the promotional strategies for service sector with reference to tourism industry. Tourism is an important aspect of human life. As an economic activity it is a part of the services sector of an economy and is a big source of employment generation and foreign exchange earning. India is a journey of mind and soul of the five senses of self - fulfillment and of the self- discovery. Tourism is no longer a mere leisure industry .The economic and social benefits of tourism are immense. Tourism consists of several goods and services catering to a wide range of interests. Tourism departments have planned to introduce new concepts like “Integrated Tourism Management”. It includes Earning Foreign Exchange, Employment Generation, Preservation and Protection of Environments, Safeguarding of Culture, Promotion of Handicrafts, Removal Of Encroachments from Tourist Spots, Eradication Of Beggar Menances, Ensure Safety Of Tourists.Tourism is a sector, which helps in earning foreign exchange and employment generation. It serves as a platform for showcasing our country to the globe. Tourism if harnessed properly it would be a boon to both the country and the citizens.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 79-83

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-16.pdf

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Title: Revamping The Financial System (Providing Finance Where it Matters)

Description: 

Author-Name:  Dr. Vikas Gupta, ssistant Professor, Advance Institute of Management, Ghaziabad.

Abstract: This Article based on the global banking system, which faces new challenges in the coming years. The Indian financial system is not really discharging its responsibilities. Banks must follow prudent lending norms. But prudence should not make them swing to the other extreme and pursue what has come to be known as ‘ lazy banking’. As far as the borrowers are concerned, the formal banking system is unattractive because it does not provide flexible products and services in line with their income and expenditure patterns. Corruption is another problem. Clients often have to play hefty bribes to access loans. So the ultimate cost to borrowers is very high. Indian financial system wants to deliver finance to the poor, a new mindset is required. Most banks consider serving the rural poor to be a high-risk, high-cost proposition. There is considerable uncertainty about the repayment capacity of poor rural borrowers.

Classification-JEL: A0, C0

Keywords: employee attraction; pressure; turnover; retention strategies

Journal of Commerce and Trade. Volume 1 Number 2. October, 2006. Pages: 84-87.

File-URL: http://www.jctindia.org/jct/oct2006-v1i2-17.pdf

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