International Journal of Management Excellence (IJME)
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Organizational Change and Dealing with Employees' Resistance
Get PDFOne of the biggest challenges in implementing change is to cope up with the resistance that evolves during incorporation of change in organizations. The intensity of resistance depends upon the type of change being introduced and the way it is being introduced. This article gives a deep insight on organizational change, forces that trigger change, resistance to change that raises as an outcome and certain ways to deal with this change. The article also provides a comparative analysis on different approaches towards organizational change (guided, planned and directed) and the causes of resistance for this change. Overcoming employee resistance to change is a challenge towards effective change management. ADKAR model can be used as a tool towards effective change management. Leaders and managers are key contributors towards overcoming resistanc
Implementation of Solvency II and its potential impact on market of insurance companies
Get PDFThe ambition of this article is to demonstrate positives, but also the fall back of the Solvency II and of the delayed and uncoordinated implementation among the national regulators.This article summarizes the trends in insurance market regulation following the introduction and consequent implementation of the Solvency II as a new regulatory framework for the insurance companies. Solvency II represents a critical step in terms of tightening of the regulatory framework for the insurance providers, especially by setting stricter rules for reporting and capital adequacy.On the other hand, Solvency II represent a major risk of increased costs related to implementation of the Solvency II principles in day to day business reporting of the insurance companies potentially harming status quo of the insurance market as the costs related to implementation of Solvency II and their reporting to national regulators.
Development of an HR Practitioner Competency Model and Determining the Important Business Competencies: An Empirical Study in Malaysia
Get PDFThe objectives of this study are to develop an HR competency model perceived by the HR professionals and to determine their roles as strategic business partner (SBP) in Malaysia. An empirical study was carried out during 2009-2010 among the HR practitioners and consultants. Data were collected by using structured questionnaires and a total of 380 (n) complete questionnaires were used for the statistical analysis. Structural equation modeling (SEM) was carried out to develop the HR practitioner competency model. Findings demonstrated that the ‘generic/ behavioral competency’ category and ‘technical HR competency’ category were significant to the competency model. Though, six business competency factors were found statistically important, but the overall business competency category was not significant. That implies HR professionals highly contribute to the operational activities rather than being strategic business partner (SBP). The findings can be useful in establishing competency frameworks, measuring human capital capabilities, designing training programs, establishing on-boarding programs, developing career and succession plans, and drawing the appropriate reward plans.
Entrepreneurship Skills as a Factor Influencing Adoption of Innovations along Mango Value Chains in Meru County, Kenya
Get PDFThe study used a descriptivesurvey design. The study was carried out in Meru County, Kenya. Population of the study comprised of 13,574 farmers, traders and exporters, 404 farmers, 12 traders and 2 exporters. Both secondary and primary data was collected. Primary data was collected from the respondents using a structured questionnaire with both open and close ended questions. Both qualitative and quantitative data were used in the analysis. Quantitative data obtained from the field was analyzed using descriptive and inferential techniques. The descriptive techniques used means and frequencies while the inferential technique used were regression and correlation to establish relationship between variables in the study and inferences made. Frequency tables and charts were used to present the findings. The study found out that entrepreneurial skills played a role on the innovations adoption along the mango value chain. However, a linear association does not exist as between entrepreneurship skills and innovation in mango. The researcher concludes that with such a steady growth in yields and development in mango farming in Meru County, Kenyan mango supply chain appears to be promising. In the adoption of new innovations and there is need to train the growers on entrepreneurship. Education tours should be organized for the value chain members to countries such as India and Brazil so that they learn what their contemporaries in these countries are doing and adopt more skill
Performance, Expenses and Funds Flows: Evidence from the Greek Mutual Fund Market
Get PDFThis paper examines the factors that affect performance, expense ratios and flows of Greek equity mutual funds during 2002-2005 and provides possible explanations for the rare phenomenon of a stagnated mutual fund market in the midst of growing capital markets in Greece and elsewhere. Results demonstrate strong economies of scale for expenses, a negative relationship between performance and expense ratio, funds flow reduction (increase) with increases in expenses (fund age and fund family), and a significant unexplained portion of funds flows. Also discovered is the inadequate competition due to large load fees and expense ratios of two to three times greater than those in other developed markets and a tradeoff between expense ratio and performance of 1.45 instead of 1 which has been observed in the literature
Impact of Financial Derivatives on the Real Economy
Get PDFIn this paper we use correlation analysis and Granger causality tests of time series to investigate the impact of financial derivatives on the real economy. We obtained statistically strong and mutually compatible results. Over the period under review have as exchange trade derivatives (1986-2012), as well as OTC derivatives (1998-2012) in principle a negative impact on the real economy. OTC derivatives measured by notional amounts outstanding reduce economic growth and increase unemployment, exchange traded derivatives (amounts outstanding) increase unemployment as well. On the other hand, both groups have a positive impact on reducing inflation. Tests of results confirmed the positive correlation and causality between economic growth and falling unemployment rate, respectively between economic growth and rising inflation. The conclusions are valid for the group of high income countries (according to the methodology of the World Bank), for the period 1986-2012. As compatible, but as well as disputable, is the result according to which the size of the OTC derivatives market in notional (notional amounts outstanding) and market value (gross market values) negatively correlated with each other. This finding will require further research to explain or deny
An Analysis of Perceived Usability, Perceived Interactivity and Website Personality and their effects on Consumer Satisfaction
Get PDFThis study focuses on the relationship between website design and satisfaction user. Specifically, this study examines the relationships between two design constructs: usability and interactivity and website personality as website features and satisfaction as consumer response. 621 participants were asked to visit the website of an Internet Service provider and to respond a questionnaire. Results indicate that interactivity and usability are significant predictors of satisfaction toward website. The results for the website personality dimensions are mixed. Enthusiasm and genuineness dimensions are positively related to satisfaction. While solidity and unpleasantness negatively impact satisfaction. Implications for research and practice are discusse
The Role of Design Factors in Influencing Training Transfer among Small Businesswomen
Get PDFThe objective of this research is to investigate the effect of design factors which consist of training content, training delivery, trainer competency and opportunity to use on small businesswomen’s goal setting activities. The instrument for this research is adapted and modified from the Training Transfer Model and Model for Excellence (American Society of Training and Development Competency Research). Four independent variables: training content, training delivery and trainer’s competency and opportunity to use; and goal setting as dependent variable formed the framework for this research. Multiple regressions were used to investigate the relationship between design factors and goal setting. Findings from a survey of 246 small businesswomen attending training programs organized by government agencies showed that opportunity to use made the strongest contribution towards goal setting followed by training content, trainer’s competency and training delivery. Awareness on the constraints or barriers in the design factors can assist the primary stakeholders (organizer and trainers) and human resource personnel in developing effective training programs. Thus, this alertness can help to create a fair situation for them to accomplish their training objectives. Finally it is also beneficial to the trainees to transfer the knowledge and skills to their own businesses
Bank Demand Guarantee and Standby Letter of Credit as collaterals in International Trading Operations
Get PDFBank demand guarantees have become an established part of international trade. This financial instruments are often used in trade financing when suppliers, or vendors, are purchasing and selling goods to and from overseas customers with whom they don't have established business relationships. The instruments are designed to reduce the risk taken by each party. In this sense bank demand guarantees are similar to standby letters of credit. Similarities and differences among them are the subject of this paper
Impact of Corporate Scams on share prices: A study of Indian Stock market
Get PDFThis paper studied the impact of the corporate scams on the share prices of the companies. In the pre-fraud period, the typical fraudulent firm has a higher valuation, invests more and exhibits higher sensitivity of investment than industry peers. The fraud period, by contrast, is characterized by sign cant drops in valuation and investment.Corporate scandals around the world in recent years especially Satyam scandal in India created a need contributed to produce quantitative measures on ownership and to estimate their impact on the value and decision-making process of companies. The study of 8 companies has been made which has undergone the scam in the past 8 years& their impact on Indian Stock Market. Event study has been used to examine the impact of corporate scams on stock returns. The AABRs and CAARRs of overall sample are insignificant at 5% level of significance. The study concluded that the market is very efficient they absorb all the information regarding the event