2023
Vol 6, No 2 (2023): Performance Management and Employee Development: Strategies for Success
Authors: Nilesh Sharma1, Priyanka Sharma2
Abstract: Performance management and employee development are critical components of organizational success. This paper examines the relationship between performance management processes and employee development initiatives, focusing on how organizations can leverage performance management to enhance employee skills, capabilities, and career growth. Through a comprehensive review of literature, this paper identifies key strategies and best practices for integrating performance management and employee development effectively. Additionally, this paper provides practical insights and recommendations for organizations seeking to optimize their performance management systems to support employee development.
Keywords: Performance management, employee development, integration, talent management, goal alignment, continuous feedback, individual development plans, coaching, mentoring, training opportunities, career pathing, organizational success.
Vol 6, No 2 (2023): Factors Affecting Demand and Supply in the Business Context
Authors: Deep Rathore1, Priyanka Sharma2
Abstract: The dynamics of demand and supply play a pivotal role in shaping the economic landscape of any business environment. Understanding the factors that influence these fundamental economic forces is crucial for businesses to make informed decisions and adapt to changing market conditions. This paper explores the key factors that affect both demand and supply in the business context, utilizing tables and figures to illustrate relevant concepts.
Keywords: Demand, Supply, Price Elasticity of Demand, Consumer Income, Consumer Preferences, Trends, Production Costs, Technological Advancements, Government Regulations, Supply Chain Efficiency, Market Dynamics, Business Strategy, Economic Forces.
Vol 6, No 2 (2023): Capital Budgeting a Comprehensive Overview
Author: Arihant Goswami
Abstract: Capital budgeting is a critical financial management process that involves evaluating and selecting long-term investment projects to maximize the value of a firm. This paper provides a comprehensive overview of capital budgeting, exploring its importance, methods, challenges, and recent developments. The analysis encompasses the theoretical foundations of capital budgeting, practical applications, and the role of various stakeholders in the decision-making process.
Keywords: Capital Budgeting, Investment Appraisal, Financial Management, Long-Term Investments, Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, Profitability Index (PI), Strategic Alignment.
Vol 6, No 2 (2023): Evaluation the Outcomes of Internal Branding on Employee Engagement
Author:Md. Istiaque Chowdhury
Abstract: Purpose: The purpose of this study is to investigate how the internal branding of an organization create effect on the employee engagement attitudes.
Design/methodology and approach:Data were collected from 102 employees of several organizations in Bangladesh. Hypothesis were tested and analyzed by using SPSS 20.
Findings:The result of this study is that the internal branding has a great impact on employee's retention which has a positive impact on organizational overall performance.
Research limitations:The current research took place by considering the employees who were still now related with the organization but the employees who are left out from organization because of the wrongful management of internal branding activities toward employees of an organization were not considered by the research.
Originality and value:It shows the significant of a brand-building mechanism at the cultural level, and the influential effect of internal brand on employee's engagement
Keywords-Hypothesis, internal branding activities, considering the employees.
Vol 6, No 2 (2023): Impact of Social Networking Sites on Customers Purchasing Behavior of Food Items: A Study on University Students
Authors:Md. Istiaque Chowdhury , Shehely Parvin
Abstract:The rapid development of technology has transformed the global food and beverage business throughout time. Due to the enormous industrial change that has occurred today, customers are looking for information that is easily available. The outcome, a variety of platforms—most notably social media—have affected customers' pre-purchase judgments. However, few studies have been conducted in Bangladesh that concentrate on Consumers buying habits, particularly among students attending various public and private universities, and especially in the food business. Therefore, the purpose of this research is to investigate how social media affects customer purchase Behaviors of different university students. Therefore, this research has taken into account newly suggested aspects that influence customers' buying behavior, such as E-WOM, social site network feedback (SNSF), increased information accessibility or information search, and experience. According to a theoretical framework built on earlier research, there is a gap in understanding how Consumers use online social networks to make buying Behaviors. This study employed a survey questionnaire as its quantitative research approach. The research makes use of 104 respondents' data, which gathers information on model variables as well as user demographics. Social media influencers are crucial to Consumers' use of social media as a tool when making choices about what to buy. This study advances our knowledge of how social media functions and the key role that influencers play in shaping Consumers behavior and purchase Behaviors. The empirical data are organized by information type and presented under the research topics. Testing for validity and reliability was done prior to completing the statistical analysis of the replies. Findings from the regression analysis and route analysis may be helpful to many stakeholders in making Behaviors about how to market their services in the industries
Keywords:Global food, Social site network feedback, University students.
Vol 6, No 1 (2023): Business Cycles Managing Risks and Capitalizing on Opportunities
Authors: Bhanupratap Sharma, Praveen Yadav, Jayant Singh
Abstract: The business cycle is an inherent feature of the modern economic landscape, characterized by alternating periods of expansion and contraction. While business cycles can present challenges and risks to businesses, they also offer opportunities for growth and profitability. This paper aims to explore the dynamics of business cycles, the risks they pose, and strategies that organizations can employ to manage those risks and leverage the opportunities that arise during different phases of the cycle. By understanding the nature of business cycles and implementing appropriate risk management practices, businesses can navigate the uncertainties, optimize their operations, and thrive in the ever-changing economic environment.
Keywords- Business cycles, Economic fluctuations, Expansion phase, Risk management, Risk assessment, Risk mitigation, Economic risks, Market risks Financial risks, Operational risks, Strategic planning
Vol 6, No 1 (2023): The Role of Government Policies in Shaping Business Economics
Authors: Shikha Kumari, Priyush Saxsena
Abstract: Government policies play a vital role in shaping the economic landscape for businesses. This paper examines the various ways in which government policies influence and shape business economics. It explores the impact of government interventions on market structure, competition, innovation, labor market dynamics, and environmental sustainability. Additionally, this paper highlights the importance of striking a balance between regulation and market forces to foster a favorable environment for sustainable economic growth.
Keywords- B Government policies, Business economics, Market structure, Employment protection measures, Workforce development programs, Environmental sustainability, Industry-specific regulations, Risk-based approach
Vol 6, No 1 (2023): AN ANALYSING OF CONSUMER BEHAVIOUR TOWARDS BIG BASKET WITH SPECIAL REFERENCE COIMBATORE CITY
Authors:- A Ranjitha , Varshavarthini B U
Abstract:- Consumer behaviour towards Big Basket, an online grocery delivery platform. Understanding consumer behaviour is crucial for businesses to effectively cater to customer needs and preferences. This study aims to explore various factors influencing consumer behaviour towards Big Basket, including motivations, satisfaction, loyalty, and adoption of online grocery shopping. Additionally, the abstract highlights key findings related to consumer attitudes, preferences, and purchasing patterns. The results indicate that convenience, product quality, competitive pricing, and trustworthiness are significant determinants of consumer behaviour towards Big Basket. Furthermore, the abstract briefly discusses the implications of these findings for marketers and provides recommendations for enhancing customer satisfaction and loyalty on the platform. Overall, this abstract offers a succinct summary of the research conducted on consumer behavior towards Big Basket, providing valuable insights for both academia and industry practitioners.
keywords:- Consumer Behavior, Big Basket, Industry Practitioners, Online Grocery
Vol 6, No 1 (2023): A Study on Student’s Satisfaction towards Byju’s Learning Application With Reference to Coimbatore City
Authors:-Â N. Kavishree, K. Kavya Priya
Abstract:-Â This study aims to investigate the satisfaction of students towards the Byju's Learning App in Coimbatore city. The study focuses on understanding the various factors that influence students' satisfaction with the app, such as the app's content quality, user-friendliness, and overall learning experience. The research methodology involves a survey of students from various educational institutions in Coimbatore city, using a structured questionnaire to collect data. The study finds that overall, students in Coimbatore city are satisfied with the Byju's Learning App, with content quality being the most critical factor that contributes to their satisfaction.
Keywords:-Â Byju's Learning App, Content Quality, Learning Experience
Vol 6, No 1 (2023): A Study onSaving Scheme in Coimbatore City with Special Reference to SukanyaSamriddhiYojana
Authors:-Â Dr. Kavitha K.R, Suthish V
Abstract:-For more than 150 years, the Department of Posts has been the backbone of the country’s communication and has played a crucial role in the country’s social economic development. It touches the lives of Indian citizens in many ways: delivering mails, accepting deposits under Small Savings Schemes, providing life insurance cover under Postal Life Insurance and Rural Postal Life Insurance and providing retail services like bill collection, sale of forms, etc. The Department of Posts also acts as an agent for Government of India in discharging other services for citizens such as Mahatma Gandhi National Rural Employment Guarantee Scheme wage disbursement and old age pension payments. With more than 1,55,000 post offices, the Department of Posts has the most widely distributed postal network in the world.
Keywords:-Saving Scheme, Social Economic, DOP
2022
Vol 5, No 2 (2022): The Modeling of the Banking System
Authors:-Â Priya Dutta, Sanjana Khtawr
Abstract:-Â This project was built primarily for a banking sector's Account division in order to provide a better interface for all banking transactions. This technology seeks to improve the aesthetics of user interfaces while also implementing all financial activities. This service is only offered to clients of savings banks, not current account holders. The user has the privilege of using the bulk of the system purely for viewing reasons; the customer's only online transactions are check book requisitions and fund transfers between his personal accounts because the data format is relatively basic and free. The project was created with a distributed architecture and database storage in mind.
Keywords:-Â Queue, Computer modeling, service time, simulation, bank
Vol 5, No 2 (2022): Identification of the Elements Affecting the Dealer's Business Performance in Relation to Falcon Products
Authors:-Â Sambhaji Chavan, Abhishek Shaou
Abstract:-Â Manufacturing companies must pay close attention to developing and maintaining relationships with their dealers and distribution network in order to boost their trust and satisfaction. When market shares and the stability of the dealer network are threatened by high levels of competition, the value of such initiatives is deceiving. This empirical study demonstrates that various factors such as product attributes, service satisfaction, promotional activities, dealer benefits, and business performance are important assets for the adoption of technological interfaces and result in significant savings for the manufacturer and dealer. The survey was done in manufacturing-related business units. The sample for the study included 154 dealers and distributors. The measuring device was developed after a thorough classification of methodological techniques. Regression, correlation, and hypotheses were used to validate the measurements. The research also identifies and discusses the influence of channel function performance on other characteristics of relationship quality - satisfaction, trust, commitment, and conflict - under different dependent arrangements. The findings indicated that elements such as product features, satisfaction with services, promotional efforts, and dealer advantages had a beneficial impact on distributors' business success.
Keywords:-Â Business Performance, Product Attributes Service Satisfaction, Promotional Activities and Dealer Benefits
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Vol 5, No 2 (2022): Cashless Economy in Kanniyakumari District With Reference To Unified Payment Interface (UPI)
Authors:-Â Dr. T. Chandra Kala, Dr. M.Karthika
Abstract:-Â India has become a cashless economy with the launch of Unified Payment Interface (UPI). With this new system, our smart phones have turned into virtual debit cards and therefore it facilitates to send or receive money instantly. With the Bharat QR code, it helps us to get rid of our wallet all together. Unified Payments Interface (UPI) is an interface system that authorizes multiple bank accounts into a single mobile application with several banking features, seamless fund routing and merchant payments into one. It also performs peer to peer collect request which can be paid as per requirement and convenience. Every bank provides its own UPI App for Android, Windows and IOS mobile platform.
Keywords:-Â Mobile Payment, Unified Payment Interface, Digital Payments .
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Vol 5, No 2 (2022): Enhancement in Business System Using Artificial Intelligence in Project Management
Authors:-Â Rajendra Lone, Sumit Bhattacharjee
Abstract:- Artificial Intelligence has seen so much advancement in past decade and finds business and commercial use. Due to the development in the field of computer and IT, project management will get highly benefitted from it. A project performance activity depends on project management planning and assessment. A realistic – logical plan is important to handle project management efficiently. Lack of knowledge, skills, resources, and technology during project implementation results in the failure of the project. Artificial Intelligence can be defined as the machine's ability to imitate human behavior and taking decisions based on its cognizance. It has found new methods and techniques to allow project managers perform faster and more efficiently. In this paper, we will discuss the implementation of artificial intelligence in project management to improve its activities, critical issues involved, role in decision making and effect of human reasoning.
Keywords:-Â Business and Commercial Use, Project Management, Lack of Knowledge, Imitate Human Behavior.
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Vol 5, No 2 (2022): Challenges for Managers after Covid-19 in India
Authors:-Â Dr. Kritika, Dr. Anand Prakash
Abstract:-Â When we go through data released by the Ministry of Statistics and Program Implementation, Indian economy is contracting. This decline is worst especially in a period of 1996 to 2021. Many migrant workers almost 8-10 million returned to their native places during this pandemic situation. During second wave this situation became worst and brutally exposed and worsened existing vulnerabilities in the Indian economy. Only few areas left where situation was quite good. The informal sectors of the world economy were worst hit by the global epidemic. Two biggest engines for Indian Economy are Private consumption and investments. Here is an exceptional sector i.e. Agriculture Sector.
Keywords:-Â Challenges, Covid-19, Private, Managers, Indian economy
Vol 5, No 1 (2022): Business Strategies: Case Study of Samsung and Apple Company
Authors:-Â Dr. Kritika, Amrita
Abstract:-Â The present study describes one of the strategies which is to be opted for business growth and expansion. In this study, the researcher had discussed of Samsung Company that how it achieves success in recent years. However, with explaining of strategies it comes to know that modification or diversification of business is necessary to cope with profitable or growing business. In this we have study or seen impact of Samsung success strategy.
Keywords:-Â Strategy, Business, Samsung, Apple.
Vol 5, No 1 (2022): A Study on Business Process Services in India
Author:Â Kowshik Raja A
Abstract:Â Business Process Outsourcing is the leveraging of technology or specialist process vendors to provide and manage an organization's critical and/or non-critical enterprise processes and applications. Outsourcing, Offshore-Outsourcing and Off-shoring are used interchangeably despite important technical differences. Outsourcing involves the transfer of organizational function to a third party; when the third party is located in another country the term Offshore-Outsourcing should be used. Off-shoring in contrast, represents the transfer of an organizational function to another country, regardless of whether the work stays in the corporation or not. Outsourcing and off-shoring are not new concepts to the global economy. Earlier, off-shoring was mostly restricted to manufacturing through technology-transfer during the maturity and decline phases of product life cycle. Major advantages of outsourcing are cost-reduction, comparative advantage by division of labor and economies of scale, lower turn-around time, data-backup for disaster management. Areas of concern are service quality, data-theft, attrition rate, privacy laws and personal-information misuse and credit-card frauds. There are other issues also like job-lose in the outsourcing country, cultural differences and information security. The Indian outsourcing industry is growing fast and has become a major investment area. With increased focus on information security and a comprehensive IT act it is going to get a further impetus in coming years.
Keyword:Â Business Process Outsourcing, Offshore-Outsourcing, cost-reduction, Indian outsourcing industry
Vol 5, No 1 (2022): Evaluating Performance Management Systems Roadmap for Effective Practices: A Review
Authors:Â Thimmaiah Bayavanda Chinnappa
Abstract:Â As an economy continues to shift and businesses rely more and more on their intellectual capital, they realize that their employees are the key to their competitive advantage and performance. Performance management is how companies measure performance, develop employees and align their workforce around corporate goals. Because employees are also their biggest expense, organizations are learning that they have to manage employee performance aggressively in order to identify top performers and develop an optimally functioning workforce. Performance management is now receiving unprecedented attention in both the business and human resource communities.
Keywords: Evaluation; Performance Management System; Roadmap; Effective Practice
Vol 5, No 1 (2022): Conscious Commerce and Environmentalism
Author:Â Dr. Chandra Sekhar Dash
Abstract: Every day we create the world we live in through our consumption. We may not realize it, but our daily purchasing decisions are some of the most important choices we make and have far reaching global impact. The food we eat, the shoe we ware have far reaching environmental consequences that we are facing today. Commerce is the lifeblood of humanity. Since the dawn of civilization people have bartered with and bought goods from one another. Cultivating consciousness around consumption means developing awareness around our true impact on other people and this planet. By making an effort to be more conscious about our daily life decision would change the way products are produced, sold and consumed in the market and thereby make the world a better place to live in. For example, simply by choosing to be vegetarian, we can thousands of sea animas, goats, pigs and chicken would save from cruelty, with which they killed by butchers. Choosing to purchasing a Paper packed gift would save the environment from being polluted by thousands of tonnes of plastic wastes. Astoundingly, the concern has completely lost sight off and there is no evidence of research in this area. Accordingly, an attempt is made in this study to identify all the multifarious dimensions through which consciousness can be built to achieve an environmentally sustainable life in the plant. The methodology relies mostly on extensive review of literature drawn from journals, periodicals, videos, interviews, books, internet documents & TED talks, as secondary source of data.The findings of the study indicated that the objective can be achieved by building a diversified strategy of consciousness, One from the business men adopting environmental friendly production technology and corporate social responsibility (CSR) initiative and the other from the consumers side through conscientious consumption while making their daily purchases, consumption, method of waste disposal, social activism&innovative and creative ways in solving personal &local issues,substantially protecting the environment, people and the planet.
Keywords: - Environmentalism, Conscious commerce, conscientious commerce
Vol 5, No 1 (2022): Education System in Global Scenario – An Outlook
Author:Â Kowshik Raja A
Abstract: Globalization is a process through which an increasing free flow of ideas, people, goods and services and capital would lead to the integration of economies and societies. It is characterized by an accelerated flow of trade, capital and information as well as mobility of individuals across geographic borders. It reflects comprehensive level of interaction than that has occurred in the past suggesting beyond the word ‘International’. It can also be defined as the intensification of worldwide social relation which link distant localities in such a way that local happenings are shaped by events occurring at any distant place and vice versa. It is this construction of time-space compression that has given rise to popular notion of “one world†“Global Village†etc. Globalization as key realty in the 21st century has already profoundly influenced higher education. The reality shaped by an increasingly integrated world economy, new Information and Communication Technology (ICT), the emergence of an international knowledge network, the role of the English language, and other forces beyond the control of academic institutions. The Governments and Universities are implementing the various policies and programs to respond to globalization. These typically include sending students to study abroad, setting up a branch campus overseas, or engaging in some type of inter-institutional partnership.
Keywords: Education System, Information and Communication Technology, Inter-institutional partnership, Globalization
2021
Vol 4, No 2 (2021): Women in Politics- Trials & Tribulations
Authors:Â Chandra Sekhar Dash
Abstract: Over the last few years, the movement for fairness and equality between men and women has found renewed energy and conviction around the world. In public life, in politics, in business and across different economic sectors, women and men have been working for change and a world where economic opportunity is no longer shaped and constrained by being a man or a woman. Evidence is an essential tool in shaping public policy and social progress. To support the cause of gender equality, we need to understand values, perceptions and attitudes, the speed of change or the failure to realise it, and the drivers and barriers along the way towards building a fairer world. The first and most powerful step in gender parity is participation in politics. Hence, attempt is made in this article to evidence the barriers that obstruct the process in achieving gender parity and suggest measures to overcome it. Although there is no paucity of research in women studies, focus on their political acumen are rare. The methodology has relied on extensive review of literature as secondary source of data and the findings of the study indicated that the continued gender gap in leadership roles around the world is strikingly alarming. Today, women make up half the world’s workforce and the majority of college graduates, yet they hold only about a quarter of leadership roles. In politics, women around the world last year held just 25.2% of parliamentary seats and 21.2% of ministerial positions. According to the World Economic Forum’s Global Gender Gap 2020. Only 68 of the 153 countries covered by the report have had a female head of state in the past 50 years. The findings of the study indicated that if we are serious about achieving the development goals, we’ve set ourselves, we need to be serious about empowering women, and especially girls, to learn, lead, decide and thrive. Developing the leadership capacity of girls in particular not only helps them to secure better livelihoods and better health today, but can also create a generation capable of delivering future change. Women’s political participation is a crucial accelerator of progress. And we need to accelerate change if we are to safeguard development through better decision making.
Keywords: Women, Politics, Trials & Tribulations, Leadership
Vol 4, No 2 (2021): Socio-Economic Analysis of In-Migration: A Report of the Field Study
Authors:Â Norbert Lobo, Priya S. Shetty, Varun Jaison
Abstract:Â Migration plays an important role in influencing the socio economic, structural, cultural transformation of the region. As per the study conducted by Narayana et al. (2013) in Kerala, the bulk of domestic migrant labourers over 25 lakhs are from different parts of India and also from parts of Bangladesh and Nepal. The study revealed that there were only 16 lakh Keralites working abroad; which is interestingly much lesser than the migrant workers in Kerala. An attempt has been made to study the socio-economic aspects of the in-migrants in Kuthuparamba municipality. The study revealed that most of the migrants were from North Indian states. Poverty and lack of opportunities in the place of origin were the main reasons for labour migration. Higher wages with the intention of creating livelihood attracts the labourers to the place of destination.
Keywords: In- migration, Push and pull factors, Socio-economic conditions
Vol 4, No 2 (2021): A Study on Consumer Purchasing Pattern towards Fast Moving Consumer Goods (FMCG)
Auther:Â Kowshik Raja A, Suganya R
Abstract: Fast Moving Consumer Goods (FMCG) sector is the fourth largest sector in India touching everybody’s life every day. The consumer behavior plays an important role in marketing of fast-moving consumer goods. This behavior is affected by various factors. In the present era of globalization needs and wants of consumer’s changes with time. The fast-moving consumer goods (FMCG) sector contributes a lot to the growth of India’s GDP. Therefore, it is necessary to identify the changes in consumer buying behavior towards FMCG products. Through this study we can know about the preference of the consumers towards FMCG products and the factors influencing those products.
Keywords: Fast Moving Consumer Goods, Globalization, Buying Behaviour
Vol 4, No 2 (2021): Social Entrepreneurship in Delivering Social Value: An Empirical Analysis of the Social Entrepreneurship Landscape in In
Author:-Â Dr. Asha Elizabeth Thomas
Abstract:-India has been witnessing a tremendous growth in the number of social enterprises, especially during the last five to six years. Despite of this remarkable growth, the quantitative data to evaluate the actual impact of such enterprises on socio-economic development of the country is scarcely available. Moreover, there is lack of adequate empirical studies to understand the social entrepreneurship ecosystem within the country. This research is conducted to understand the landscape of social entrepreneurship in the country. Researcher has tried to identify the factors leading to the favorable growth of social enterprises and reports on the challenges faced by these enterprises in the present scenario. A gender based comparative evaluation of the organisational objectives of social enterprises were also conducted to identify whether there is any difference in them based on their leadership. Data has been collected from 122 social enterprises operating across the country in different sectors of the economy. Results show that social enterprises can offer solutions for many of the socio-economic problems faced by the country like unemployment, poverty, lack of access to education, and poor living conditions. However, there requires further interventions from the part of government and other regulatory bodies to ensure the sustainable growth of these enterprises. Priorities given to various organisational objectives showed significant differences in women-led social enterprises.
Keywords:-Social change, Social capital, Socio-economic development, Impact investing, Women social entrepreneurs.
Vol 4, No 2 (2021): Employee Management and Performance System among Corporate Companies
Author:Â Dr. M. J. Sathish Kumar
Abstract:Â The management is the major aspect that affects the organization growth. Management is the rising human resources issue in this organization. The study on employee management and employee performance in private company helps the management to evaluate the main cause of management and the mental attitude of the employee towards the organization. A structured questionnaire is prepared and the data are collected from the Private Company employees. From the analysis it is inferred that the major factors for management are physical condition problem, serious workload. Certain facilities like transportation, canteen is not satisfactory to the employees. So the general performance of the employee is normal.
Keywords:Â Employee Management, Performance System, Corporate Companies
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