Faculty & Research

Research Productive

Show result

Search Query :
Area :
Search Query :
2773 items in total found

Working Papers | 1993

Project Management: Comparison of Practices in India and U K

Tripathy Arabinda

Resources are committed primarily for two purpose. In one case it is spent on meeting ongoing requirements and in other case for creating new facilities. The first category is classified as operational requirements and the second project. However, the definition of project as an one time endeavour, encompasses many areas other than creation of new facilities. It is possible to associate all types of projects to creation of facilities physical or otherwise and resulting in “benefits” to a set of beneficiaries.

Read More

Working Papers | 1993

Forecasting Money Supply Using Box-Jenkins and other Procedures

Gupta G S

The big provides forecasts on the money supply in India during 1993-01 through 1995-04, using the quarterly data for the period 1970-01 to 1992-04 and several alternative appropriate statistical and econometric methods. Appropriate statistical and econometric methods. Appropriate statistical tests and accuracy measures have been applied to assess the credibility of the alternative methods and within the sample period forecasts. It is found that the forecasts through the Box-Jenkin's method are the most conservative while those from the decomposition method the most liberal ones, those through the regression and exponential smoothing fall in between the two extremes. Arguments have been advanced for their comparative strengths and weaknesses. As per the results, the money supply is expected to be around Rs.5,000 billion in Dec. 1995, and it could vary between Rs.4,764 billion and Rs.5,814 in that period.

Read More

Working Papers | 1993

Bases of Work Motivation in Development Societies: A Framework for Performance Management

Misra Sasi B and Kanungo R N

In this essay authors endeavored to analyse and understand variables that adversely affect level of motivation and performance of people within work organizations in developing societies. The authors analyse and identify the endogenous and the exogenous variables affecting worker motivation. With respect to exogenous variables, it is apparent that employees, owing to enduring influences of past socialization, bring with them habits, norms, and expectations that guide their behaviours at work place. It is this cultural baggage they carry that is stubbornly resistant to change. This has to be accepted as given while attempting to improve employee motivation and performance. It is the set of endogenous organizational variables that need to be looked at more carefully for identifying action levers for improving worker motivation and performance. These action levers have to be designed in such a way that they become compatible with the socio-cultural norms of the employees. With particular reference to Indian organizations, we have formed these into the following imperatives. 1. The management ought to be guided by the dictum: “Labour is an investment” and develop an organizational culture that values and promotes human resource as an important asset. Top management must demonstrate a commitment to establish such a culture with proactive policies in human resource management areas such as recruitment, training, placement, job design, supervision etc. It is not enough to remain merely at the level of pious pronouncements, but to go further in demonstrating that pronouncements are translated into actions. Establishment of a culture that values human asset will go a long way in enhancing employee self-esteem and loyalty. 2. The management must undertake systematic manpower planning, evolve recruitment criteria and procedures based on behaviourally and/or skill anchored job analysis. 3. With respect to tasks, job definitions should be unambiguous and performance standards clear. Such job clarity would be welcome by the employees who belong to a culture high on uncertainty avoidance (Ho fstede, 1980). 4. Rewards, financial or otherwise, should be valued and must be perceived as based on performance. Perhaps there is no hitch in acknowledging this principle. But most organizations have far to go in implementing them. We have alluded to several management practices such as time-based compensation, inadequate performance appraisal etc. that hinder reward – performance contingency and equity in the Indian context. Such practices have to change if management wants organizational rewards to have motivational effects. What is needed is a systematic evaluation of both compensation and appraisal systems on the basis of two criteria culture congruence and motivational effectiveness. On the basis of such evaluation, the systems can then be redesigned to ensure that whatever rewards are offered by the organizations are needed and valued by employees, and perceived as equitable and are contingent on performance desired by the organizations. 5. Finally, appropriate supervisory support and guidance are necessary for the employees to be motivated to perform. Mendonca and Kanungo (1990) have proposed several concrete organizational interventions for effective performance management in developing countries. They also suggested that in the Indian context the manager must adopt a nurturant-task leadership style (Sinha 1980, 1990) which is congruent with the employees familial and cultural values.

Read More

Working Papers | 1993

Structural Determinants of Openness of Economies: The Conceptual Basis and Cross-Sectional Evidence

Sebastian Morris

This study argues that structural factors – principally population per capita income and population density – can explain a significant proportion of the variation in openness defined as (exports + imports)/gross national production. It also provides a conceptual and theoretical basis for the form of the function that explains openness. Spatial theories of order in the location of economic activities – the ideas of Christaller and Losch – which have found much support in studies of geographers, and other empirical findings of spatial order viz., the famous rank size rule of cities' populations, and the equally famous 'gravity-model' of spatial interaction, can all be used fruitfully to understand openness. They explain why openness is inversely related to population sizes, and more generally the functional form of the structural dependence. Biometricians in the early part of this century had used allometric growth models to understand the form and growth of organisms, across not too distant species. Use of the allometric model to the problem of trade openness only calls for recognising the economy as having a structure and therefore as being more than a collection of producers and consumers; and simple assumptions about the economy's principal characteristics. Given this structural determination of openness we are able to explain the long standing puzzle of Tarshis that smaller countries, but not smaller regions within a nation, would tend to show greater economic stability. Out study would also call for re-examination of many of the studies linking growth to trade openness, especially those conducted in a cross-sectional framework: We would contend that the measure of the openness that is induced by policy (and other non-structural factors) would have to be proxied not by revealed openness as such, but by the same adjusted for the structural component.

Read More

Working Papers | 1993

On a Theorem due to Sobel

Lahiri Somdeb

In this paper we prove that any bargaining solution to group decision problems which satisfies individual rationality, strong symmetry, efficiency and strong improvement sensitivity also satisfies mid-point domination.

Read More

Working Papers | 1993

Modelling of Industrial Sector in Macroeconometric Models of Indian Economy

Rastogi A B

Modelling of the Industrial Sectors has been ad-hoc in macro models. The proportion of industrial sector out in nation output has steadily increased but modellers have ignored the link between industrial sector output and employment. There are various reasons for that. The scenario of industrial sector is changing rapidly and far-reaching changes are taking place in the economy. It has become imperative for the modellers to model industrial sector with its links with employment generation in the economy and policy variables which affect the industrial sector production. As service sector is gaining importance in the economy, it would be ideal to explore links between service sector and industrial sector output and services sector's potential to generate employment in the economy.

Read More

Working Papers | 1993

Universities and the Horizons of the Future

Giri Ananta

Ours is a time of fundamental changes. Changes in our economy and politics, revolutionary manifestation of new technologies and the whole host of contemporary forces are shattering our taken-for-granted assumptions about self and society. In this contemporary context of epochal change and challenge reflection is also taking place on the nature of universities. Serious commentators in this field such as former Harvard president Derek Bok tells us that universities have to pay more attention to the way they can inculcate moral values in those who belong to it and the way they can be a source of creative transformation in and pleads for more commitment to creativity from all those who care about knowledge and society in our contemporary times.

Read More

Working Papers | 1993

The Guest for A Universal Morality: Habermas and Sri Aurobindo

Giri Ananta

Morals in the sociological and anthropological discourse have been looked at as a construction of culture and as an appendage of social norms. In the conventional sense, moral development culture. But such a notion of morality and moral development ignores the question of the Being and the universal issues of justice, well-being and freedom. In this context, psychologist Lawrence Kohlberg speaks of the post-conventional stage of moral development when the individual differentiates “his on her self from the rules and expectations of others and defines his or her values in terms of self-chosen ethical principles.” Such a post-themselves from the “historical coloration of particular form of life" and transcend the “unjust” givens of their native cultures. Such a moral awareness also prepares the ground for a genuine universality. The present paper looks into the issue of universal morality in the context of contemporary structural and discursive transformation, which is marked by globalisation. The paper discusses the work of German philosopher Jurgen Habermas and Indian spiritual prophet Sri Aurobindo and critically looks at different paths for the quest for universal morality in out contemporary world, which is marked by a hegemonic ascendancy of power and money as currencies of life, and a pervasive demoralisation of discourse.

Read More

Working Papers | 1993

Income and Price Elasticities in India Trade

Gupta G S and Keshava H

The paper estimates the export and import function for India both at the aggregate (rest of the world) as well as the important individual country levels, using annual time series data for the period 1960-61 through 1990-91. It finds that the income elasticities of trade are significant and that this elasticity is significantly higher for imports than exports, implying the possibility of the worsening trade balance with the growth in economies. The trade is generally price inelastic but this elasticity is generally higher for exports than imports. The sum (absolute) of the two price elasticities generally exceeds unity and thus satisfies the Marshall-Lerner condition for the effectiveness of devaluation in regulating the trade imbalance. The impact of the 1966 devaluation is found significant more with regard to imports than exports, and the post 1980 liberalization policy has produced desirable impact on India globalization. Based on the estimated trade elasticities and the last five years average growth rates in the trade determinants, the growth rates in India's real exports and imports have been projected at 4.1% and 5.4% respectively, and accordingly a worsening of the trade imbalance has been foreseen in the coming years.

Read More

Working Papers | 1993

Creative Approaches in Advertising in India in the Early Nineties - What Criteria

Mokhopadhyay Sipra

The paper developed while exploring the anomaly that the best adjusted creatives are not necessarily the best performers, despite uniformity in other marketing inputs. It examines (1) current trends in creative approaches, how do these fit in with the existing typologies and exhibit a blend resulting from adaptation to local culture, (2) the criteria used for assessing a creative and the missing links. Findings indicate that image, execution and common touch are the most frequently used strategies. While judicious adaptation of creative helps, transplants can only work for a few low involvement product, consumption of which is not influenced by culture. A set of criteria must take into account market competition, state of the buyer, PLC, product and media characteristics. Successful creatives have ensured that the target audience is about to realise 'identity with self' likes the ad and feels involved.

Read More
IIMA