IOSR-JBM   Volume-4 ~ Issue-6 ~ Sep-Oct-2012

Paper Type	:	Research Paper
Title	:	Essence of Leadership in Multiculturalism-Role of White Men in Managing Multicultural Issues
Country	:	India
Authors	:	TS Ezaz Ahmed, Dr. D. Prabhakar
	:	10.9790/487X-0460104

Abstract:Today's global business environment is exciting, evolving, and at the same time challenging: marked by change, complexity, and multiculturalism. The way in which we work has changed dramatically — virtual teams are commonplace, allowing little face-to-face interaction with the people we manage or report to who are based in other countries. Regardless of where our headquarters or domestic offices are located, we interact with global customers and our teams are staffed with international colleagues. Furthermore, our companies are frequently involved in the challenging process of absorbing competitors, being acquired, or being responsible for complicated reorganizations across global borders. These situations lead to management and communication challenges. As a means of effectively addressing these issues, cross-cultural management and change management strategies are imperative. With this combination of strategies, executives have the concepts and tools to successfully bridge cultural differences, maneuver the dynamics of organizational culture, and align and engage people to achieve organizational objectives in a changing business environment.
Key Words: Leadership, Multicultural, White Men, Diversity, policies.  

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M. Casas, L. A. Suzuki, & C. M. Alexander (Eds.), Handbook of Multicultural Counseling (pp. 155–180). Thousand Oaks, CA:
Sage Publications.
[4] Asante, Molefi Kete. "Multiculturalism: An Exchange" [Response to Diane Ravitch]. American Scholar (Spring 1991). Rpt.
Berman, Debating P.C.
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Oxford: Blackwell.
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[9] Rouse, R. (1995). ―Thinking through transnationalism: notes on the cultural politics of class relations in the contemporary United
States‖. Public Culture. 7(2): 353-402.
[10] Sue, D. W. & Sue, D. (2003). Counseling the culturally diverse: Theory and practice.New York: John Wiley & Sons.

Paper Type	:	Research Paper
Title	:	An Empirical Analysis of the Effect of Interest Rate Management Policies in Nigeria 1970-2010
Country	:	Nigeria
Authors	:	Dr. Chris Udoka, Roland Agwenjang Anyingang , Arzizeh Tiesieh Tapang
	:	10.9790/487X-0460510

Abstract:This study was designed to analyze the effect of interest rate management policies on the economic growth of Nigeria. Two research hypotheses were formulated to investigate the relationship between interest rate and economic growth and the difference in economic growth before and after interest rate deregulation regime in Nigeria. Ex-post facto research design was adopted for the study. Data for the study were obtained from the Central Bank of Nigeria statistical bulletin. Data collected were analyzed and tested using the ordinary least square multiple regression analytical technique. The result of the findings revealed that: there existed an inverse relationship between interest rate and economic growth in Nigeria, implying that increase in interest rate will decrease GDP of the country, thus hindering growth of the real sector. It was recommended that a strong monetary policy for Nigeria should be initiated that would enhance lending to the real sector economy of Nigeria for the sustenance of economic activities.
Keywords:Deregulation of interest rate, Gross domestic product, Interest rate, Interest rate management policies, Investment demand.

[1] Ikezu, K. E (2012). The effect of interest rates on economic development of Nigeria. An MBA Seminar paper, UNICAL
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Science and Public Policy 3 (2) 175-182
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evidence from Nigeria', Africa Economic Research Paper 112: 944-953.
[4] Mckinnon RI (1973). 'Money and capital in economic development'. Washington, D.C.: Brookings Institutiion.
[5] Shaw E (1973). Financial deepening in economic development. New York: Oxf. Univ. Press.
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Studies. 13: 87-93.
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Paper Type	:	Research Paper
Title	:	Does Value Outperform Growth In A Downturn?
Country	:	India
Authors	:	T.G.Saji
	:	10.9790/487X-0461117

Abstract:What stocks, value or growth, one should own during the rough patch of a recession? Both academics and practitioners are often seeking answer to this question. This paper aims to provide empirical evidence in Indian context on the relative performance of value strategy using Price Earning (P/E) ratio during the period of market downturns. The methodology used is based on the implications of the theory of financial markets and the methodology of fundamental analysis. By using a set of explanatory variables identified from Discounted Cash Flow (DCF) model – earnings growth, dividend payout and market risk coefficient – the study estimated a theoretical benchmark of P/E under a Multiple Regression framework against which observed P/E ratios of stocks from five selected sectors were compared. The empirical results of the study corroborated the implication of value strategy in wealth management during crisis times.
Key Words: earnings growth, market risk, P/E ratio, payout, Value strategy.

1] S. Harikumar. T.G. Saji and C. M. Kasim. Financia market investments during the period of global recession. in P. Arunachalam
(Ed.). Impact of Global Financial Crisis on Indian Economy.1 (New Delhi: Global Research Publications. 2010) 588-592.
[2] Financial Express. February 19. Dhaka. 2010.
[3] S. L. Margosh. Price/Earnings Ratio in Financial Analysis: Its Use and Abuse. Financial Analysts Journal. 16(6). 1960. 125-130.
[4] G. Benjamin. and D. L. Dodd. Security Analysis (New York .McGraw Hill.1934)
[5] N. Molodovsky. A Theory of Price-Earnings Ratios. Financial Analysts Journal, November.1953. 65-80.
S. Basu. Investment Performance of Common Stocks in relation their price earnings ratios: A test of the Efficient Market
Hypothesis. The Journal Finance. June. 1977. 663-681.
Capaul. I. Rowley. and W. Sharpe. International Value and Growth Stock Returns. Financial Analysts Journal.
January/February.1993. 27-36.
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[7] N.F. Chen. and F. Zhang, F. Risk and return of value stocks. Journal of Business.71. 1998. 501-35.
[8] S. Bauman. M. Conover. and R. Miller. Growth versus Value and Large Cap versus Small Cap Stocks in International Stocks.
Financial Analysts Journal, March/April, 1998. 75-89.
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187-203.
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24(2).1998.11-26.

Paper Type	:	Research Paper
Title	:	Cluster units in export garment industry: SWOT Analysis
Country	:	India
Authors	:	Mrs.K.S.Alamelu mangai sudha, Dr.Rameshwari Ramchandra
	:	10.9790/487X-0461828

Abstract:A SWOT analysis covers four areas of consideration. The first "strengths" takes into account internal attributes that will positively affect the business objective. The second area, "weaknesses," identifies potential weak-links within the company's control that could contribute to a detrimental outcome. The third category, "opportunities," analyzes external conditions that favor end-goal achievement. Finally, external "threats" that are beyond the company's control face evaluation.

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[8]. Veembur, A. (2004). Texitile exports: India spins to lead. Siliconindia, 8(2), 44-46.
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Paper Type	:	Research Paper
Title	:	The Interactive Effect of Communication and Stress on Perception of Quality of Work Life
Country	:	India
Authors	:	Alam Sageer, Dr. Sameena Rafat
	:	10.9790/487X-0462931

Abstract:Communication competence is considered essential for communicators in an organization. Inadequate and incomplete communication creates stress among employees as regards to organizational role. Employees basically work for having a balance between organizational objectives and individual needs. High degree of perception of quality of work life leads to satisfied, and committed workforce. The present paper aims to discuss the interactive effect of communication and stress on perception of QWL.
Keywords: Quality of Work Life (QWL) , Employee Stress ,Communication

[1] Sinha P. & Sayeed O. B. (1980), "Measuring QWL in relation to job satisfaction & performance in two organization, "Managerial
Psychology, 2, 15-30
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Zeeshan Amir, "Job satisfaction and perception of quality of work life", Management Dynamics and Integrating World Market
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Association, Washington,DC.
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Paper Type	:	Research Paper
Title	:	E-HRM in Bangladesh
Country	:	Australia
Authors	:	Munshi Samaduzzaman, Fazluz Zaman
	:	10.9790/487X-0463236

Abstract:Electronic Human Resource Management or what is known as e-HRM emphasizes an ordinary adopted executive practices in the field of manpower handling as well as sourcing. E-HRM is visibly grounded as well as established on diversely rooted expectations and constructive circumstances of e-HRM process, such as reduction of training and development costs, speeding up HR planning, improving manpower quality, and having a stronger strategic function for HR assumptions within the company. The utilization of e-HRM as well as its underlying technology, as a pathway to execute strategies, guidelines, practices as well as regulations pertaining to human resource, is ought to integrate an impact on how human resource role operates in the long run. Moreover, the use of e-HRM adhered to transform the system supported by HR base. The advantage of such e-HRM and its technology on Bangladesh as well as other countries in Asia such as Kuwait and Malaysia has put relevance on the e-HRM system with dependence on how e-HRM is manifested and applied into HRM division. For disadvantage, it can be that Asian countries may be too dependent on e-HRM applications and too much use of its technology without appropriate source of supports to the e-HRM function and the lack of construction base positing effective e-HRM related technology. This has affected Bangladesh and its industries in a serious manner as such; the business might be doing their best to accomplish with e-HRM goals through proper execution as well as adaptation within the business arena.

[1] GOB, Bangladesh Bureau of Statistics 2007, Statistical pocket book of Bangladesh 2006, Dhaka
[2] GOB, Ministry of Finance 2007, Bangladesh economic review 2007, Dhaka
[3] Aowrangazab, A 2005, 'Industrialization process in Bangladesh: An evaluation of the role of state, policy measures, strategies,
problems, and prospects', Unpublished doctoral dissertation, University of Chittagong, Bangladesh
[4] Budhwar, P & Debrah, YA (eds) 2001, Human resource management in developing countries, London: Routledge.
[5] Ernst & Young, & Metropolitan Chamber of Commerce and Industry (MCCI) 2007, HR practices survey- Bangladesh. Dhaka
[6] Weeratunga, L 2003, Human resource management. Dhaka: Bangladesh Open University.
[7] Khan, MM 2007, 'Enhancing institutional capacity of public administration' in Bangladesh: Present state and future direction', in
Development issues of Bangladesh-III, eds Islam, M & Andaleeb, S, pp. 111-134, Dhaka: UPL.
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[9] Lengnick-Hall, ML & Moritz, S 2003,' The impact of e-HR on the human resource management function', Journal of Labor
Research, vol. 24, no. 3, pp. 365−379.
[10] Paauwe, J, Farndale, E & Williams, R 2005, 'Web-Based Organizing in Traditional Brickand-Mortar Companies: The Impact on
HR', in e-Human Resources Management: Managing Knowledge People, eds T. Torres-Coronas & M. Arias-Oliva, , pp. 31-67.

Paper Type	:	Research Paper
Title	:	A Comparative Study of Financial Dialectics and Economic Value Added vs. Traditional Profit based Measures: a case study at BHEL-Electro Porcelains Division (EPD)
Country	:	India
Authors	:	Ms. Shalini H. S., Ms. Preethi V. S.
	:	10.9790/487X-0463755

Abstract:Companies which earn higher returns than overall cost of capital for their shareholders are preferred by the shareholders than those which earn lower return than overall cost of capital. In fact these companies are deemed destroyers of shareholder's value. This research paper examines the effectiveness of economic value added method over the other traditional methods which were used to analyze the financial position of an enterprise. To evaluate this, some important traditional performance measures such as return on capital employed(ROCE), return on equity(ROE) along with a new performance measure called Economic value added (EVA) have been used. Extensive research studies have demonstrated that the traditional financial performance parameters are not adequate. Instead this new concept is growing fast and is being used to evaluate the overall financial performance of corporate entities.
Keywords –Cost of capital (COC), Economic value addition (EVA), Market value addition (MVA), Net operating profit after taxes (NOPAT), Return on capital employed (ROCE)

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