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Boosting Economy with Politically Involved Corporate: A Case of Shine Garments Limited
Get PDFToday, when many are debating whether Corporate SocialResponsibility (CSR) should be a law or not, India stood the firstas a country to have CSR legislation, mandating that companiesgive 2% of their net profits to charitable causes. This is a casethat deals with a unique strategy revolving around the conceptof CSR and its dramatic developments in India. The case isfocusing on Shine Garments Limited and their CSR strategy thatevolved from the existent red-tapeism practised by the panchayat(local body) administration. It was noted that the Panchayat wasincompetent in bringing appropriate developments including watersupply and electricity to the village. The initiative of ShineGarments Limited have gathered representatives from differentfields and disciplines to form an NGO, under the name Twenty20, during the year 2013. Not only that Shine Garments Limitedhas taken the initiative to form an NGO, but also they took thelead for participating in the local body elections to secure 90%of the seats under ‘independent’ banner. The CSR initiative thatthe company had adapted was branded under Total ResponsibilityProgram and is regarded as first instance in the nation where acompany to have a control over the local administration. Theprogram was successfully implemented during the year 2013 andthe village is earning different benefits under the TotalResponsibility Program of Shine Garments Limited. The case studywill assess the benefits produced through the Corporate SocialResponsibility strategy - for the society and for the company. It isimportant to assess whether the case is replicable in similarscenarios. Since 2013, the program has passed through 3 longyears and it could mark significant changes in the society and itsdevelopments. The case will also assess the current state of theprogram
Service Quality Indirectly Influences Customer Loyalty via Customer Satisfaction: Results from a Literature Survey
Get PDFVery little research has been done on the effect of service qualitydimensions on customer loyalty. This paper aims to explorethe indirect influence of service quality and its dimensions oncustomer loyalty via customer satisfaction through a surveyof existing literature. The study also investigates the directinfluence of service quality dimensions as a whole andindividually on customer satisfaction. The findings show thatservice quality parameters such as tangibles, reliability,responsiveness, assurance and empathy as a whole, andindividually, indirectly influence customer loyalty throughcustomer satisfaction. It also shows that service qualitydimensions directly influence customer satisfaction. Tomaintain a competitive edge in the market, service-marketingmanagers can focus on dimensions of service quality with aview to measuring, controlling and improving the satisfactionand loyalty levels of their customer
Cumulative Abnormal Return and Dividend Announcement
Get PDFDividend changes pass on information about the firm to themarket which makes it complex to understand the dividend policyof the firm. Information content hypothesis explains the theorybehind dividend decisions. However, very few studies haveexamined the effect of adverse economic conditions oninformation content hypothesis. The present study investigatesthe role of change in dividend under both adverse and favorablemarket conditions. Using the data of S&P CNX 500 companiesthe study examines the role of dividend yield in explainingcumulative abnormal return over a period of seven years. Usingevent methodology, the study investigated whether informationcontent in dividend policy decisions is affected by adverse marketconditions at firm level and market level. The study found thatthere is a signaling effect of cumulative abnormal returnsurrounding the dividend announcement. Testing of the dividendsignaling hypothesis also proved that Indian market is notefficient in its semi -strong form
Managing Management :GUIM -A Graphic User Interface
No full textManaging Management :GUIM -A Graphic User Interfac
Relationship Analysis of Website Traffic, Domain Age, and Google Indexed Pages of E-commerce Websites
Get PDFRelationship Analysis of Website Traffic,Domain Age, and Google Indexed Pages ofE-commerce Website
Community-Based Education to Promote Health and Well-Being for the Children of Migrant Construction Workers in Mumbai, India
Get PDFThe United Nations recognises education as a central measure for the attainment of theSustainable Development Goals. Access to information and education is especially crucial forvarious marginalised sections of the society who often remain at the periphery ofdevelopmental initiatives. Mumbai Mobile Crèches (MMC) is a well-established non-profitorganisation that has been catering for over four decades to the children of migrantconstruction workers in Mumbai, one of the most vulnerable populations of urban India.MMC annually provides comprehensive health care and education to over 4,500 migrantchildren by operating day care centres at construction sites. The paper focuses on the capacitybuilding and community outreach initiatives of MMC that equip members from theconstruction workers’ and other vulnerable communities to deliver improved health care andnutritional services to very young children. Comprehensive intervention that providespreventive, curative, and rehabilitative health care and nutritional services at a very young age(birth to six years) not only ensures healthy lives and well-being for children living indifficult circumstances but also sets the foundation for lifelong learning. These grassrootsinitiatives create opportunities for vulnerable communities to improve child health outcomesand thereby realise the true essence of education for sustainable development
Vocational Training and Therapeutic Care of Young Asylum Seekers and Refugees in Germany
Get PDFAgainst the background of the huge rise in the number of asylum seekers and refugees absorbed intoGerman society over the last couple of years this article examines the innovative Bavarian programmeof preparatory classes for asylum seekers between 16 and 21 years of age. The challenges faced byeducational and social work professionals working with this target group are documented alongsidethe particular resources which these highly-motivated young people as a rule bring with them.Specific requirements for psychotherapy professionals are addressed as well as a range ofrecommendations formulated by the author to enable the longer-term success of this vocationaltraining programme in integrating these young people into the German educational and employmentsystem. It has become apparent that a holistic approach to the lives of the target group byprofessionals in education, social work and therapy is necessary to enable young asylums seekers tocomplete vocational training successfully. Transitional management is a key part of the process ofsetting asylum seekers on the path to an apprenticeship. Coordination with the Labour Office, localauthority administration and local decision-makers are further parts of the equation. This mustintermesh with civil society engagement to provide the maximum use of resources giving youngrefugees access to training, the labour market and long term integration into German life
Food Habits and the Changing Social Scenario in the Urban Kerala
Get PDFOne of the visible impacts of globalization in Kerala is the transformationof the food habits of urban population, particularly the youth. The urbandietary pattern visibly shows that there is a conspicuous shift from traditionalfoods to fast foods. Along with that is the larger consumption of processedfoods and packaged fruit juices. The objective of this paper is to keep theyouth population informed about the values of home cooking, like fosteringthe importance of family bonding, ensuring good health, saving substantial.amount of money and above all catering mental satisfaction. Marketinfluence and advertisements of transnational corporations play a vital rolein accelerating the junk food culture. The influence of global businessinterest should not be allowed to clash with the secure social life andhealth of people. Most of the health problems detected today are, by andlarge, born out of the intake of undesirable food and unsafe eating patternscoupled with a sedentary lifestyle. The present food pyramid looksinverted, with the base on top and crest pointed downward. Oil, fat, sugarand salt, which ought to occupy the crest, indicating minimum consumption,have now moved to the base, suggesting maximum consumption. Thearticle informs about the necessity of educating, encouraging, enlighteningand empowering the new generation for sustaining our age-old food values.Food is our regional identity, for it symbolizes health and social wellbeing