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Working Papers | 1987

Organizational Behaviourial Issues for Managers and Systems - Analysts

Pestonjee D M and Singh G P

Present study is an attempt to explore the interrelationship between job satisfaction areas and different factors of role stresses in EDP managers and system analysts from Public and Private computer orgnaisations. 'ORS Scale' and "Job Satisfaction Inventory' were administered. The sample comprises of 70 EDP Managers (n = 35 Public Sector; n = 35 Private Sector) and 70 Systems Analysts (n = 35 Public Sector, n = 35 Private Sector). Critical ratio and product moment coefficients of correlations were computed to analyse the data. The findings revealed that EDP managers and system analysts of both, public and private organizations differ significantly in their perception of job area and management area of satisfaction. They also differ significantly on inter-role distance. In some comparison groups, they differed significantly in role stress factors like role expectation conflict, role overload, resource inadequacy, role stagnation and overall role stress. Coefficients of correlation between job satisfaction areas and role stress factors revealed that most of the role stress factors are negatively and significantly related with on-the-job satisfaction scores namely, job area and management area as compared to off-the-job satisfaction scores through out the four data sets. Among off-the-job satisfaction, the relationship between personal adjustment area scores and role stress factors in EDP managers (Public) and, social relations area scores and role stress factors in EDP managers (Private) were found to be negative and statistically insignificant. In case of the system analysts (Public) more role stress factors exhibited significant correlations with personal adjustment and social relations areas.

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Working Papers | 1987

Growth Variations Across Developing Countries: How Much and Why?

Gupta G S

The paper examines the extent and the causes of variations in economic growth across twenty-nine developing countries. The sample countries come from Asia, Africa, and South/Central America. It finds that while Brazil, Cameroon and Korea have witnessed a relatively higher growth rates; Chile, Ethiopia, Ghana, India, and Jamaica have experienced lower growth rates during the Sixties and Seventies. The principal factors responsible for varying performances are found to be the saving/investment rate, export, government expenditure, price distortions and multi-national corporations economic penetration rate. While the first three factors promote economic growth, the last two hamper it.

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Working Papers | 1987

Role and Conduct of Monetary Policy

Gupta G S

The paper contains the text of the lecture delivered by the author at a seminar organized by the Department of Economics, M.S.University, Baroda under its UGC Special Assistance Programme during December 20-21, 1986. It highlights the state of the art with regard to the role and conduct of monetary policy, and throws some light on this aspect for India. In particular, it argues that monetary policy is significant not only with regard to the price level and in the long-run, but also with respect to real GNP and in the short-run. Further, it supports whole-heartedly many of the recommendations of the Chakravarty Committee on the way the monetary policy should be conducted in India.

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Working Papers | 1987

Demand for Money: An Empirical Examination of Unsettled Issues for India

Gupta G S

The paper examines the unsettled issues on the demand for money function with a particular reference to India. It uses the annual time series data for the period 1954-55 through 1982-83. A special feature of the study is that it generates a uniform series on the narrow money concept (M1) for the whole sample period, and employs the same for empirical estimation and testing. The principal findings are: a. Both the narrow and wide concepts of money are well explained by the well-known and limited number of arguments in the money demand function. Thus, on this criterion, either definition of money is equally acceptable. b. Permanent income is more relevant than the measured income in the money demand function. c. The ratio of non-agricultural income to agricultural income was found to be irrelevant argument in the money demand function. This, in some sense, argues against the hypothesis of different money demand elasticities with respect to the two components of aggregate incoem. d. Short-term rate of interest has proved to be the relevant interest rate in the money demand function.

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Working Papers | 1987

A Project is a Compound - Not a Mixture: Conceptual Problems in Valuation

Ragunathan V and Srinivasan G

There is considerable literature in the field of finance concerning the valuation of negative cash flows. Consequently, it is widely held that a project should be valued by valuing each component of the project's cash inflows and outflows separately, either by discounting the cash flowing at appropriate RADRs or by using the certainty equivalent approach. This paper discusses the implicit inadequacies in using the above approach for project evaluation and recommends valuing the Net Cash Flow of the project either by using a single RADR or using the certainty equivalent framework.

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Working Papers | 1987

Values, Design and Development of Strategic Organizations

Garg Pulin K and Parikh Indira J

This paper explores the connotations of concepts of social development, Organizations and values in the Indian society. Social Development has so many meanings that no coherent action seems to emerge. The Indian scene, in recent decades, is also animated by an unprecedented effloresce of all varieties of organizations : governmental, non-governmental and private voluntary ones. Some of these are definitely engaged in social development. These organizations tend to operate more as structures held together by leaders with charisma who good, cajole, tempt, reward and punish the organization members for producing outputs and results. A fully functioning organization involves two modalities-the institutional and structural, with their support systems. The institutional modality (representing coherence of philosophy, mission, and direction) requires sentient systems to sustain the process of meaning-making in organization. The structural modality (representing the congruence of concepts of business, strategy goals, etc.) requires management and administrative systems to make organizations functionally effective. In the second section, the paper provides a brief narrative on the values (normative, phenomenological, and existential) that get internalized in organizations through various mechanisms and interfaces. Thereafter, a comparative analysis of the different ethos (Indian and western) at inter-play in Indian organizations is provided. These illustrations highlight the cultural context of Indian organizations wherein both the ethos and the design are neither congruent nor convergent with the values operative in role taking processes. Hence, greater ingenuity, innovativeness and adaptiveness are needed for designing strategic organizations, Particularly for social development. It is necessary to identify the institutions needed to foster the sentient-investment of the community for initiating new organizations. Furthermore, there is a need for creating institutions of debriefing to create a shared, concrete concept of organizational reality in terms of demands and policies. The organizational model being outlined in our paper endeavours to harmoniously blend the value considerations and structural exigencies in the design of developmental organizations.

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Working Papers | 1986

Transient Analysis of Multiple Unit Reliability Systems

Sharma O P, N. Ravichandran, and Dass J

A general Markovian model representing several multiple unit redundant repairable system is proposed and it's transient behaviour is studied. Specifically, for multiple unit reliability system the reliability and availability functions are derived in an explicit form for the transient case. The stationary availability and mean time to system failure are deduced from the main results as special cases.

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Working Papers | 1986

Training Functions in India

Saiyadain M S

This is a state-or-art survey of the training functions in India. Data was collected from 49 organizations varying in size, turnover, product, technology, sector and geographic location. Major findings suggest one-third of the organizations have separate training departments manned by professionally trained managers. In two-third of the cases training functions are manned by those who do not have formal qualification for training functions. The training infrastructure is nominal and a very small portion (.017%) of the total budget of human resources is spent on training. Most organizations identify training needs through appraisal reports. More than two-third organizations have formal induction training, organize in-company training programmes and sponsor many more managers than supervisors and workers to external training programmes. Training feedback is taken seriously by most of the organizations.

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Working Papers | 1986

Contributions to Judgement and Decision

Singh Ramadhar

This paper presents an overview of the theoretical, methodological, and applied contributions that the author's research program on prediction of performance has made to the literature on judgement and decision. It is shown that the rules people employ to combine information about motivation and ability in prediction of performance depend upon nature and difficulty of task as well as age, culture, and role of the judges. Also, subjects have separate initial opinions for cognitively distinct units, and they make imputations about unavailable information. Results from studies of school teachers and managers further disclosed that decision tasks have high construct validity and so they may be useful for selection and training purposes. New directions, for further research in judgment and decision are also discussed.

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Working Papers | 1986

Ecology, Market Forces and Design of Resource Delivery Systems: Socio-Ecological Perspective

Anil K. Gupta

Neglect of Ecological (i.e. edaphic, climatic and natural resource endowments besides man-biotic interactions) variables in organizational theory literature in west is understandable due to near complete subsumption of ecological forces by market forces. Such a neglect in developing agrarian societies is difficult to understand. The ecological forces shape the evolution of market forces in such societies. Any theory of organizations to be socially effective must be preceded by a theory of environments. The socio-ecological paradigm relying on interactions between four-S (space, season, sector and social stratification) provides one way of attempting unambiguous specification of organizations environments. Examples from various product, service and banking organizations are used to advance the above concept. There is a need for studying match or mismatch between portfolios of organizations with portfolio of economic enterprises evolved by different classes of rural producers in a historical context. The development is the process of reducing economic disparities, widening of individual decision making choices and extending time frame for appraising investment choices of the poor. The design and dynamics of developmental organizations can manifest these concerns best by explicit recognition of the challenges inherent in the transition of 'needs' poor have into demand they can articulate. The excessive reliance on market forces or voluntary organizations can not help bridge the regional, sectoral or social imbalances. The 'is' should not be allowed to become 'ought'. Values of researchers would need to be made explicit in this regard. Study of social articulation process particularly in backward regions endowed with risky ecologies will provide design avenues for socially responsive public and private organizations. The paper provides some arguments for reducing excessive reliance on study of intra-organizational variables in gearing organization towards the poor clients who can't protest, pester or persuade the researcher to do otherwise. At least at present.

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