i-manager's Journal on Management (JMGT)


Volume 8 Issue 4 March - May 2014

Article

Developing One's Ethical Awareness: Using Scripture As A Touchstone

Hershey H. Friedman* , James A. Lynch**, Toby Birnbaum***
* Professor, Department of Business Finance and Business Management, School of Business Brooklyn College, City University, New York.
**-*** Assistant Professor, Department of Business and Law, Finance and Business Management, School of Business, Brooklyn College, City University, New York.
Hershey H. Friedman, James A. Lynch and Toby Birnbaum (2014). Developing One's Ethical Awareness: Using Scripture As A Touchstone. i-manager’s Journal on Management, 8(4), 1-14. https://doi.org/10.26634/jmgt.8.4.2747

Abstract

We live in a world where integrity, courage, humility, and compassion on the part of leaders are no longer a luxury. The authors demonstrate how the Hebrew Bible can be used by all kinds of leaders to provide timeless and inspiring messages. These ideals include integrity, courage, industriousness, compassion, truth, justice, and concern for others. Ignoring the plight of the weak and helpless is something numerous prophets railed at. A country or organization that wishes to prosper has to be built on the above-mentioned foundations. We have seen the financial devastation that results when institutions follow a “greed is good” and/or a “maximization of shareholder value” approach to leadership.

Article

Tips of High-Performance Team Building for Organizational Effectiveness

Namita Karmakar* , S. Paneerselvam**
* Muslim Association College of Engineering, Venjaramoodu, Trivadrum.
** Department of Management Studies, St. Peter's University, Avadi, Chennai.
Namita Karmakar and S. Paneerselvam (2014). Tips of High-Performance Team Building for Organizational Effectiveness. i-manager’s Journal on Management 8(4), 15-21. https://doi.org/10.26634/jmgt.8.4.2748

Abstract

This paper proposes a various general models for team building, which enable leaders to build coherent teams rapidly and fairly for the term projects of organizations in general. Moreover, the models can also be used to build teams for any type of project, if they are inexperienced on a certain subject. The proposed model takes leaders' preferences and the staff's considerations into account when a team building process is required for any type of course. Executives, managers and organization staff members universally explore ways to improve business results and profitability. A team is a small group of people with similar skills working toward a common goal. A high-performance team has members with a clearly defined and shared purpose, mutual trust and respect, clarity of roles and responsibilities, high levels of communication, dedication to team success and cooperation, ability to differ and acknowledge conflict, and a supportive leader who challenges the team. Teamwork is considered a critical factor in delivering high-quality, although research on the evidence base for the effectiveness of teamwork and communication across disciplines is scarce. The organizational growth, development, motivation, morale, and satisfaction of the employees in the system combined with the best image projection of the organization to its various constituents, account in turn, for continued organizational health, viability, and growth which accounts for the organization's effectiveness. Successful team building, that creates effective, focused work teams, requires various attentions which are discussed. Effective team building, will help organizations to identify the teams strengths and weaknesses, increase productivity and efficiency, improve the way the team members interact, improve support and trust levels in the workplace reduce stress levels in the work place, and thereby develop healthy inter-group relations.

Research Paper

Establishing Skills Supremacy: Way Forward to Sustain the Competitive Advantage

Vijay G. Padaguri* , M.M. Bagali**
* Assistant Professor, Human Resources Management, Manipal Global Education Services and Research Scholar, Jain University, India.
** Professor, Strategic HRM and Head, Research in Management, CMS Business Annexe, Jain University, Bangalore, India.
Vijay G. Padaguri and M.M. Bagali (2014). Establishing Skills Supremacy: Way Forward to Sustain the Competitive Advantage. i-manager’s Journal on Management, 8(4), 22-29. https://doi.org/10.26634/jmgt.8.4.2749

Abstract

The research paper suggests an integrated skills based approach for learning organizations based on the findings of the study. The paper details the integration of the skills approach into the overall business plan and the strategy of organizations. A feasible model has been suggested in the paper with regard to adapting skills based approach towards achieving a sustainable competitive advantage. Principal Component analysis has been used to analyze the data collected from a sample representing ten prominent business sectors. Business entities strive to achieve and sustain supremacy of considerable credibility, in order to have continued growth and profits. While some companies have banked on 'core competencies' like cost leadership, technological advancements and design excellence, the sustainability issue still prevails and calls for something more radical. Having a competitive advantage is no longer an allinclusive acceptable long-run strategy, especially for corporate giants aiming at sustainable leadership. A quick re-look at companies like Blackberry and Nokia who could not sustain the pace of growth over the years prove that long-run market leadership demands more than just having one success factor, i.e.; design supremacy or robust technology. Companies should build a sizeable skills inventory that can be re-skilled in optimal time frames and can be used to achieve defined growth objectives. We could be looking at skill dominance translating to market dominance and if companies are able to scale up this concept, they could probably aim at long-run market leadership, a coveted corporate objective.

Research Paper

Current Pricing Of IPOs: Is It Genuine To The Investors?

Suresh Chandra Bihari* , Pratiksha Barik**
* Professor, (Banking & Finance), IBS Hyderabad, (A Constituent of IFHE-Deemed University), India.
** MBA Scholar, IBS, Hyderabad, India.
Suresh Chandra Bihari and Pratiksha Barik (2014). Current Pricing Of IPOs: Is It Genuine To The Investors? i-manager’s Journal on Management, 8(4), 30-41. https://doi.org/10.26634/jmgt.8.4.2750

Abstract

The study deals with finding whether the current pricings of IPOs are genuine to the investors or not, i.e. whether or not the companies are worthy of receiving premium. Securities are fairly priced in the capital markets if they are efficient and genuine. Pricing of securities (IPOs) is an essential factor to gain investors' confidence and aid in the companies' development and overall growth of an economy. IPO details, both book building and fixed price, issued since 1st January 2011 till 29th April 2014 are collected. The IPOs are categorized on the basis of their issue prices vs. market prices, and their paid up capitals. Fundamental analysis, using Dividend Discount Model, is done on selected 9 companies belonging to each category, to find the intrinsic values of the IPOs. Then, the financial conditions of the companies viz. EPS, P/E ratio, Dividend per share, Net worth, Reserves and surplus, Net profit and ROE, 2 years prior to the issue till FY 2013, are analysed to check the genuineness of the IPO pricing. The IPOs issued at premium are found to be genuine. The IPOs whose issue prices are less than their intrinsic values are also justified. Any false pricing is automatically rectified in a few years and the market either punishes or rewards the company in due course of time.

Research Paper

Cross Listing of Firms and Corporate Governance Disclosure Practices - A Case of India

K. Rajya Lakshmi* , Laila Memdani**, P. Raja Babu***
*-** Assistant Professor, IBS Hyderabad, India.
*** Associate Professor, K.L University, A.P, India.
K. Rajya Lakshmi, Laila Memdani and P. Raja Babu (2014). Cross Listing of Firms and Corporate Governance Disclosure Practices - A Case of India. i-manager’s Journal on Management, 8(4), 42-47. https://doi.org/10.26634/jmgt.8.4.2751

Abstract

Due to globalization Indian companies are getting listed in overseas markets as well, or in other words getting cross listed to have access to broader range of financing. Since corporate disclosure practices are not uniform globally, Indian companies cross listed in developed economies like United States of America and United Kingdom have to follow stricter corporate governance practices prescribed there. Theoretically cross listing increases the extent of disclosures practices followed by companies. Good governance results in the increase in the corporate reputation in the international market. As overseas developed markets are more mature than the Indian market, there can be adequate supply of capital at a lower cost. This study is an attempt to compare and contrast the extent of governance disclosures practices followed by Indian companies which are exclusively listed in India and those which are listed in India and abroad in order to find out whether cross listing is improving the governance disclosures by constructing a corporate governance disclosure score. In addition the authors analyze the nexus between the corporate governance scores and firm performance for firms exclusively listed in India and cross listed.