OPERATIONS

Exploring Conjectural Perspectives of Evaluation As An Integral Part of The Project Management Cycle

Projects and programmes have since long been recognized as the most practical methodologies of achieving specific goals and objectives that may lead to progress and development (Cusworth and Franks,1993) and within the sphere of project management, the project cycle is recognized as an indispensable tool that guides the project systematically from its conception to the finish stage. In the sphere of project management, the word ‘success’ is used in the context of achieving something desirable i.e., the delivery of the project results on time, within budget and having an ‘operational fit’ with the organization’s goals (Cleland and Ireland,2000). As such a stage of the project cycle -that can help arriving at judgments on a project’s fate, its success or failures, merits or weaknesses, is the stage of evaluation.
 

Kiran Sandhu
Senior Lecturer
Guru Ramdas School of Planning
Guru Nanak Dev University
Amritsar,Punjab
kiransandhu13@gmail.com

GENERAL MANAGEMENT

A Model On Generation of Profit And The Role of Money- A System Dynamics Approach

Once upon a time, money was supposed to be the only medium of exchange. But now, we see it is not only the medium of exchange, but the basis of production and also the intriguing basis for creating the profit. It is the general belief of the people that a business will exist if there is a profit and it vanishes if the business incurs losses. The profit is made in the business, if the selling price is more than the cost, but the business incurs a loss if the selling price is less than the cost and there is a breakeven point when the total cost equals the total sales and there is no profit and no loss.

TOTAL QUALITY MANAGEMENT

Implementation Issues of Total Quality Management in Higher Education

Quality has become one of the most important competitive strategic tools, and many organizations have realized that it is a key for developing products and services that support continuing success. Quality systems are designed to set a clear direction for organizations to follow; enabling understanding and involvement of employees proceeding towards a common goal.

HUMAN RESOURCE MANAGEMENT

Relevance of Person-Organisation Fit In Predicting Organizational Commitment And Issues In Establishing Fit Through Employment Interviews

In the present day organizational context, one of the main challenges of HR managers is retention of talent. In the job-starved labour market, it may not be difficult to attract manpower but what most HR managers face is the dilemma of manpower iteration. The question that begs for an answer is ‘why do people leave organizations?’ A synthesis of this may reveal several reasons for this trend, but the major challenge is to predict this behaviour at the time of personnel selection and help organizations save time and resource in induction and training of personnel who eventually leave in search of better pastures. It is imperative for any learning organization to understand the various dimensions effecting organizational commitment and predict the same for their potential employees based on Person-Organization fit.

Dr.Dinesh Nagar
Professor of Psychology
Barakatullah University
Bhopal,Madhya Pradesh

 

Opinion On The Working Environment And Problems Faced By The Women Workers In Hosiery Units At Tiruppur,Tamil Nadu - An Empirical Investigation

Tiruppur is a textile town in Coimbatore District of Tamil Nadu and is popularly known as Banian City, Knit City and Dollar city. Tiruppur is the "Knitwear capital" of India. Tiruppur contributes to a huge amount of foreign exchange in India. It has spurred up the textile industry in India for the past three decades. Its economic boom boosts the morale of Indian industrialists.

Dr.S.Saravanan
Senior Lecturer
Dr.NGP Arts & Science College
Coimbatore,Tamil Nadu

sarans456@gmail.com

BUSINESS ETHICS

Business Ethics For Micro Finance Institutions

Business ethics are a form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment. Ethics are a set of values and principles that we strongly believe and follow. It is learning what is right or wrong, and then doing the right thing. The concept of business ethics has come to mean various things to various people, but generally, it's coming to know what is right or wrong at the workplace and doing what's right.

lalithha@yahoo.co.in

ECONOMICS

Global Melting Down: US Vs The Rest of The World

The underlying causes leading to the crisis had been reported in business journals for many months before September 2008, with commentary about the financial stability of leading U.S. and European investment banks, insurance firms and mortgage banks consequent to the subprime mortgage crisis. Beginning with failures caused by misapplication of risk controls for bad debts and collateralization of debt insurance, large financial institutions in the United States and Europe faced a credit crisis and a slowdown in economic activity. The impacts rapidly developed and spread into a global shock resulting in a number of European bank failures and declines in various stock indexes, and large reductions in the market value of equities. The credit crisis was exacerbated by Section 128 of the Emergency Economic Stabilization Act of 2008 which allowed the Federal Reserve to pay interest on excess reserve requirement balances held on deposit from banks, removing the incentive for banks to extend credit instead of placing cash on deposit with the FRB. Moreover, the de-leveraging of financial institutions further accelerated the liquidity crisis, and a decrease in international trade. World political leaders and national ministers of finance and central bank directors have coordinated their efforts to reduce fears but the crisis is ongoing and continues to change, developing at the close of October into a currency crisis with investors transferring vast capital resources into stronger currencies such as the yen, the dollar and the Swiss franc, leading many emergent economies to seek aid from the International Monetary Fund.