HUMAN RESOURCE MANAGEMENT

Talent Management : Development of A Model For Oil and Gas Industry in India

The advent of the era of globalisation and liberalisation accompanied by the information technology revolution has transformed the world around us. This has made possible the free flow of people, technology and goods across the globe, business activities are no more limited and confined to the geographical boundaries of the countries .Ulrich and Brockbank (2005) observe that there has been exponential growth in international movements of goods and services. The traditional jobs have become blurred. The economies across the globe are experiencing new order. Globalisation is putting multifaceted pressure on the organisations that compete for customers with high expectations for performance, quality, and low cost. But running a company is not as difficult as it is thought, provided the managers are able to identify the critical and significant business threats and decide how those risks and threats will be mitigated (Verwaayen, 2008). Like any other business, the oil and gas industry is also facing a whole lot of dynamic challenges. The energy industry, being the key driver of economic growth of any country, is experiencing a growing interest of people across the globe. As a result, it has become the most important news story throughout the world. Besides an ever growing demand for oil and gas globally, the exploration and production budgets are expanding. Concerns about issues such as energy pricing, security of energy supply, greenhouse-gas emissions and climate change are creating new challenges along with the opportunities. The recent global financial turmoil has added fuel to the situation. Economic slowdown has accelerated the need for efficiency and profitability. But high on the list are workforce related issues. Some of the issues that are among the most prominent challenges faced by the Indian oil and gas companies are: lack of qualified and trained (such as geophysicists, geoscientist, petroleum engineers etc) human capital, unavailability of talent for the entry level jobs and lack of awareness and unattractiveness of the industry.

P.C.Bahuguna
Assistant Professor
College of Management & Economics Studies,University of Petroleum & Energy Studies,Dehradun,Uttrakhand

replypcb@gmail.com

drpkumari3@rediffmail.com

Evaluating The Performance Appraisal System In The Bank of Botswana

Performance appraisal (PA) has remained an important topic of investigation among organizational researchers (Poon, 2004:322). That notwithstanding, there is evidence to indicate that there is widespread dissatisfaction with performance appraisal systems across industries (Fletcher, 1992; Fletcher, 2002; Strebler et al., 2001). According to extant researchers, appraisal schemes promote worker behaviour that compromises quality; they create a band of discouraged workers who cease trying to excel; they assign an inordinate amount of responsibility for poor performance to individual employees; they rob the workers of their pride in workmanship; they assume a false degree of measurement accuracy; they engender dysfunctional employee conflict and competition; they underemphasize the importance of the work group; and they are often used as a managerial “Theory X” control device (Deming, 1986 cited in Roberts, 2003: 89; Deming, 1986; Moen, 1989; Scholtes, 1995; Boudreaux, 1994; Gerst, 1995; Nicols, 2000) . As a result, Bernardin and Beatty (1984) emphasise the need for adequate control procedures in order to assure higher levels of perceived trust in the appraisal process.

migirso@unisa.ac.za

INTERNATIONAL BUSINESS

Dubai Crisis And Kerala

The world is a strange place and becoming stranger day by day. One thing however, is for sure - it's becoming more globalized, integrated and most importantly, more interdependent. The world is moving towards transnational economy rather than international economy. Transnational economy is the border less economy, characterized by flow of trade and factor of production across national borders , So when the financial system of one country is disturbed, other systems in the country are likely to have proportionate impacts simultaneously. Recent global financial crisis that began like a tiny spark in the US housing finance market in 2007 spread like a wild forest fire that first engulfed the US, then the Western economies and eventually the rest of the world. The crisis impacted the deepest and most wide spread economic meltdown that the world had faced since the great depression.

devikittu@yahoo.com

ENTREPRENEURSHIP

Strength,Weakness,Opportunity And Threat (SWOT) Analysis of Women Entrepreneurship With Reference To Coimbatore, Tamil Nadu

Entrepreneurship among women is an important avenue through which women can overcome their subordination within the family and the society as a whole. Therefore, development of entrepreneurship among women has received special attention of the policy makers. In this direction, a special character in the seventh plan has converted the integration of women in economic development. The new industrial policy has stressed the need for conducting special EDPs for women. Besides this, today, a network of institution exists in the country to promote women entrepreneurship. The commercial banks and the financial institutions are an integral part of this network. Many organizations/institutions and associations promote and develop women entrepreneurship by providing financial assistance at concessional rates of interest and also organize industrial fairs and exhibitions. Entrepreneurship Development Programme (EDPs) for women create entrepreneurial awareness among them.

Dr.V.Ramanujam
Assistant Professor
Bharathiar School of Management & Entrepreneur Development
Bharathiar University
Coimbatore,Tamil Nadu

drvramanujam07@gmail.com

Entrepreneurship Among Minorities In Small Scale Industries : Literature Review and Research Perspectives

More than ever, the driving force in the modern economy remains entrepreneurship. Entrepreneurs are meeting our economic needs through the creation of thousands of new businesses each year. While larger corporations have instituted “downsizing” or “outsourcing” programs, job creation and economic growth has become the domain of the new ventures and the entrepreneurs who create them. If small businesses are to make the uttermost contribution to the economy, it is, therefore, incumbent on policy makers, trainers and business advisers to pay attention to the factors impeding and fostering their start-up.Small Scale Sector has been considered as one of the major contributors to economic development of India and the reasons are obvious. For a given quantum of capital, the employment potential offered by the Small Scale Industries is above two to three times more compared to large sector; also, for a given quantum of capital, greater economic activity can be sustained by setting up more units and the spread of units can be widely distributed to achieve decentralization of economic activity.

shirthady76@rediffmail.com

Dr.A.Raghurama
Professor & Chairman
Department of PG Studies in Commerce
Mangalore University
Karnataka

SUPPLY CHAIN MANAGEMENT

The Essence of Supply Chain Management of Corporate and Social Sector

Retail, one of the largest sectors in the global economy, is going through a transition phase in India. Retailing has become a green pasture bearing a vast amount of untapped market potential which is eyed by the new as well as existing entrepreneurs. This suggests that the potential for growth is immense and modern retailing is poised for a mega change. Hitherto, dominated by the traditional formats in form of 'mom and pop' stores or the 'kiranas', with the 'shoppertainment' in vogue, there is a paradigm shift from the traditional (unorganized) to modern(organized) retail.. The country's retail sector presents a unique opportunity as consumption driven economy to investors across the globe to use India as a strategic hub. During an economic slowdown, there was an intense pressure on the retailers to cut costs so as to sustain profits. At present, when the bigwigs of the developed countries around the globe are facing economic slowdown, surprisingly, India's economy is poised for an exceptionally good growth rate of around 8%-9%. Again, the challenge in retail sector remains the same i.e. to cut costs so as to maximize profits. Hence, in order to be cost effective during recession, recovery or boom time, focus on a highly efficient supply chain is imperative to gain competitive edge. India can position itself as a lead player in Asia, if the retail sector here attains the competitive strengths by responding to the changing markets through supply chain. As the retail market matures, reverse logistics (RL) management also needs to be considered as an important supply chain strategy to cut costs and improve efficiency.

drvijethashetty1@gmail.com

ECONOMICS

Manage India - The Strategic Management of Corporate and Social Sector

Amazingly, the economists, corporate players who used to make predictions about the economy or the growth of the corporate sector even for 2025, 2050…. were not able to foresee the monster of recession even few months in advance. Before the recession, economists, corporate players were talking about the requirement of the manpower paucity in future for matching the economical growth. Amazingly, professionals made liberal predictions of economy and manpower requirement in 2015, 2020, 2030, 2050….but there was no serious prediction about the millions of people losing the jobs in next few months. Till the start of 2008, when overall world economy was doing better and corporate sector was growing by leaps and bounds, nobody predicted that in just few months, the economy would be crippled and a country like USA would be sucked in the black hole of recession. Interestingly, decision makers, and economists are considered experts in giving direction to the overall economical growth, but on many occasions, and this time around also, they failed miserably in steering the economy on the slippery road of recession. The monster of deflation came out of its old grave and caught these so called future economic/business predictors unaware about this new development. The recent economic crisis has put a big question mark on the worthiness of the existing economical models/concepts and also on the vision and the capabilities of so called economists and the decision makers of both government and corporate sector. India is so vast and diverse that the impact of difficult times varied from state to state, city to city, town to town, village to village. The Indian corporate sector, people, economists and government were far more worried about the impact of the global recession than of the unfortunate Mumbai and Pune attacks. The severe effects of the slowdown did not harm much as more than 60 percent of the population in India is engaged directly or indirectly with the agriculture sector, which is intensively and extensively labor oriented and highly socialized. More than 80 percent of Indian families depending on agriculture are in rural areas with moderate exposure to the products manufactured and marketed by the corporate sector. Being part of the bottom of the pyramid, this segment has been explored till now by few corporate organizations only. These organizations are satisfying hardly few needs of this low income segment through their products (normally low price with optimum quality) which is unevenly spread geographically throughout the country. In fact, the products of cottage industry and unorganized local traditional industry have penetrated the Indian rural market deeply.

OPERATIONS

Hospital Central Laboratory's Manpower Planning By Use of Queueing Theory

The function of the technicians in a hospital central laboratory is to collect the samples and to investigate these samples under the supervision of specialist doctors and prepare the report. When ever a patient arrives, the samples are collected by the technician of the sample collection counter and after that, he sends those samples to different departments of the central laboratory such as Pathology, Biochemistry and Microbiology etc.. After receiving the samples the technician of the concerned departments process those samples under the supervision of the specialist doctors and prepares the reports. The service facility is arranged in parallel; as in Fig.-1: technicians M1, M2, M3 etc. may be facilities, and incoming patients are served by any free technician. If no technician is free, patients must wait and may thus accumulate, forming a queue. Patients are usually all given the same priority, so that service is on a first come first served basis.