GENERAL MANAGEMENT

The Cosmic Leader : Lord Ganesh

India is rich in tradition and customs. We have lot of ‘icons’ in our ethics. Some of them are Lord Krishna, Lord Shiva, Prophet Mohammad, Jesus Christ and Ganapathi etc. In Sanskrit ‘Gana’ means qualities of knowledge and ‘pathi’ means the leader. Ganesh originally emerged from the holy turmeric powder made by Goddess “Parvathi”. Ganapathi has his own distinct features in his physique with an elephant face on the upper part of the neck and the human body in the lower part of the neck. ‘Vinayaka’ is the deity who can be made from any material, be it gold, silver, brass, or clay etc. Analyzing each and every part of the Lord Vinayak’s body explains the distinct different features of leadership qualities with different perceptions. Leadership requires better understanding of human psychology, so that those who are leading and those who are being led may be in a position to learn all about one other well. Leadership contains all the essential ingredients of direction of inspiring people and providing the will to do for successful work.

ECONOMICS

Special Economic Zones In India: Some Ground Realities

India is pioneer country in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to prevail over the shortcomings practiced on account of the multiplicity of controls and clearances; deficiency of world-class infrastructure, and a wobbly fiscal regime and with a view to magnetize larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000. This policy projected to make SEZs an engine for economic growth supported by excellent infrastructure complemented by an attractive fiscal package, both at the Centre and the State level, with the minimum possible regulations. SEZs in India functioned from 1.11.2000 to 09.02.2006 under the provisions of the Foreign Trade Policy and fiscal incentives were made effective through the provisions of relevant statutes. After extensive consultations, the SEZ Act, 2005, supported by SEZ Rules, came into effect on 10th February, 2006, This paper analyses the economics of SEZs in India. To commence with, the development of the SEZ Policy in India is discussed. Secondly, it attempts to examine the current status of SEZs in shaping of employment generation, attracting investment, and exports promotion. The paper also elaborates the incentive packages and infrastructure facilities offered by the zones in India. Last but not least, the paper discusses a few fiery issues, and gives recommendations to augment the efficacy of SEZs in India.
Key Words: EPZs, Fiscal Regime, infrastructure, Statues.
 

mandeepbindra@live.in

khuranaa17@yahoo.co.in

Pricing Practices of Exporting And Non-Exporting Units ( A Comparative Study of SSIs In Haryana)

The paper highlights the pricing practices of exporting and non exporting SSI units. It is a well known fact that Price is the only factor which generates revenue while other elements of marketing mix cause cost. It means price is a reward for factor of production in form of wages, rent, interest and profit. The paper highlights some important aspects of pricing such as pricing objectives, factor influencing price setting, pricing policies and strategies and types of discount etc. Responses obtained in this regard show that exporting and non- exporting SSI units highly prefer to target return to investment. They are not much conscious about market share and target sales. So, this reason affects the sustainability of these units. On the other hand, under pricing policies, a mix of uniform and differential policy should be adopted to get success. In addition to this, proper practices should be adopted regarding factors influencing in determining price, types of discount offered etc. So, that they are capable to get effective market share as well as target returns for their efforts.

reetu.reetuu@rediffmail.com

Problems Faced By Indian Poultry Farm Exporters And Role of Exim Bank

Poultry has a crucial place in India as the eggs and chicken meat are important and rich sources of protein, vitamins and minerals. Poultry provides rich organic manure and is an important source of income and employment to millions of farmers and other persons engaged in allied activities in the poultry industry. Exim Bank ( Export-Import Bank of India) is an Indian government-owned financial institution for the public sector created by and Act of the Parliament of India: the Export-Import Bank of India Act 1981. Exim Bank is managed by a Board of Directors, which has representatives from the Government, Reserve Bank of India, Export Credit Guarantee Corporation of India (ECGC), a financial institution, public sector banks, and the business community. India is the world’s fifth largest egg producing country. It also produces 530 million broilers per year. Poultry provides employment to about 1.5 million people. The annual per capita consumption in India is only 33 eggs and 630 grams of poultry meat. This is much lower as compared to the world average of 124 eggs and 5.9 kg meat. Indian companies acquire manufacturing units and distribution outlets in world markets. Remarkable feature of India’s exports was that they were driven by domestic companies. Only 10 per cent of India’s exports were by multinational corporations, while in the case of China, MNCs accounted for 52 per cent of exports.The National Committee on Human Nutrition in India has recommended per capita of 180 eggs (about one egg every two days) and 10.8 kg meat. To meet this target, it was estimated that 2010, the requirement will be 180 billion eggs and 9.1 billion kg poultry meat while the estimated production may only be around 46.2 billion eggs and 3.04 billion kg poultry meat. This shows that there is a tremendous scope for growth with rapid urbanization, and increasing demand from the present 250 million economically strong, consumer market base (which is likely to go up to 350 million by year 2010), there is bright future for this industry in India. It is estimated that, at present, Indian Poultry Industry contribution to the GDP is about ` 80 billion which is likely to reach ` 300 billion by the Year 2005.
 

Dr.L.Manivannan
Reader
Department of Corporate Secretaryship
Erode Arts College
Erode,Tamil Nadu

HUMAN RESOURCE MANAGEMENT

Investigative Study On Effect of Emotional Intelligence On Job Satisfaction and Performance

Emotional intelligence is a very critical aspect in the present business scenario. The present study aims to find the effect of emotional intelligence on job satisfaction and performance of the employees. The study can help the business organizations to understand their human resource and pay attention to improve their performance by concentrating on these psychological problems. The study consists of employees from Manganese Ore India Ltd. (MOIL).The sample size was 70 considering variables like age, education and job rank. The result show that poor score in emotional intelligence leads to poor job satisfaction and ultimately results in poor performance.
Key words: emotional intelligence, job satisfaction, performance

Rashmi Shahu
Assistant Professor
Department of Management Technology
SRKN Engineering College
Nagpur,Maharashtra

rashmishahu@yahoo.co.uk

CORPORATE SOCIAL RESPONSIBILITY

Triple Bottom Line - A Step Ahead On The Way of Corporate Social Responsibility

The role of corporates by and large has been understood in terms of a commercial business paradigm of thinking that focuses purely on economic parameters of success. As corporates have been regarded as institutions that cater to the market demand by providing products and services, and have the onus for creating wealth and jobs, their market position has traditionally been a function of financial performance and profitability. However, over the past few years, as a consequence of rising globalisation and pressing ecological issues, the perception of the role of corporates in the broader societal context within which it operates, has been altered. Stakeholders (employees, community, suppliers and shareholders) today are redefining the role of corporates taking into account the corporates’ broader responsibility towards society and environment, beyond economic performance, and are evaluating whether they are conducting their role in an ethical and socially responsible manner. As a result of this shift (from purely economic to ‘economic with an added social dimension’), many forums, institutions and corporates are endorsing the term Corporate Social Responsibility (CSR).

Corporate Social Responsibility And Leadership

In a LPG (liberalization, privatization & globalization) economy, organizations have an increasing responsibility to facilitate, demonstrate and promote corporate social responsibility (CSR). Industries are facing challenging times world-wide. Increased competition and commercial pressure are combining with rising regulatory standards and consumer demand to create a whole new playing field for corporate sectors. Traditional expectations of business are also changing. It is no longer enough to simply employ people, make a profit and pay taxes. Business and industry have come into existence to promote social growth and social good. They draw resources from the society and add values to generate wealth. Hence, society and business are interdependent and business must take full account of societal expectations. Companies are now expected to act responsibly, be accountable and benefit society as a whole. A stable corporate social responsibility is a pre-requisite for business investment and industrial operations.

Key Words: Leadership, Corporate Social Responsibility, CSR India, Globalisation.