Manufacturing in Low Cost Country Locations: Costs and Benefits

Vol. 11  Issue 2
Year:2016
Issue:Sep-Nov
Title:Manufacturing in Low Cost Country Locations: Costs and Benefits
Author Name:Tom Page
Synopsis:
China and its reforming markets have increasingly attracted the attention of Western companies. It is seen as a country with expanding markets and low labour costs. As a result, numerous firms have moved production there (Salmi, 2008). This report compares and contrasts the deciding factors under which companies assign manufacture to either Low Cost Country (LCC) locations (such as China), or the UK manufacturing markets. Case studies are used to provide real world representation of some of the issues that companies can face when determining the manufacture location. Conclusions provide a generic overview of recommended manufacturing location based upon prioritising the key factors found from the investigation.

Corporate Social Responsibility in Turkey: A Conceptual Paper

Vol. 11  Issue 2
Year:2016
Issue:Sep-Nov
Title:Corporate Social Responsibility in Turkey: A Conceptual Paper
Author Name:Ina Freeman and Egemen Deniz Bahar
Synopsis:
This paper looks to the implementation of CSR in Turkey, an emerging country that is a portal between eastern and western concepts and ideas. Until recently, Turkey has not expended much effort on the implementation of CSR, despite the demands of the European Union that Turkey pass CSR legislation and implement the CSR provisions already in place prior to Turkey being accepted as a member of the European Union. However, some businesses have taken the torch and implemented their own CSR programs, often to address social inequities that do not necessarily fall within the framework of their operations. This varies from how CSR is implemented in many countries where corporations engage in social activities that complement their operations and business expertise. Some of these businesses are Turkish in origin and ownership indicating CSR is slowly gaining a foothold in Turkey. In this paper, the status of CSR in Turkey is discussed and examples of Turkish businesses are given which develop and operate programs that clearly fall within the guidelines of CSR.

CSR Appropriation, Stakeholder's Alignment and Sustainable Development in Nigeria: The Case of the Niger Delta

Vol. 11  Issue 1
Year:2016
Issue:Jun-Aug
Title:CSR Appropriation, Stakeholder's Alignment and Sustainable Development in Nigeria: The Case of the Niger Delta
Author Name:Yinka Kehinde Binuomoyo
Synopsis:

This paper applies the concept of Corporate Social Responsibility (CSR) to sustainable development. In doing so, the article develops insights into a development crisis Nigeria is faced with, paying particular attention to environmental issues using the case of the oil-rich Niger Delta, and assesses the effectiveness of CSR in achieving the objectives of sustainable development. The article examines the failure of government towards addressing the development of the Niger Delta region and advocates investment by corporate organizations in the region to directly impact the host communities. Central themes of the paper include economic and development sustainability, environmental degradation and concern for the welfare of the society. The paper also develops the context of the case, for the role of businesses in helping the country achieve an optimum level of sustainable development, using their CSR philosophies.

Concern for the welfare of host communities of the oil MNCS have consequences for the corporate organizations, including the re-investment of part of their profits, to preserve and develop their host communities.

The paper concludes with the need to establish a practicable institutional structure to implement CSR as mandatory for corporate organizations in not only the Niger Delta, but also everywhere else in the country.

Implementation of DRSMLA Method for Predicting Profitable Indices

Vol. 11  Issue 1
Year:2016
Issue:Jun-Aug
Title:Implementation of DRSMLA Method for Predicting Profitable Indices
Author Name:Madhavi Latha and K. Siva Nageswara Rao
Synopsis:
The main goal of this study is to investigate the profitable index among the bulk of indices from Bombay Stock Exchange (BSE), and to obtain a Support Vector Machine (SVM) classifier function to classify the indices on the basis of adherence level. The Dynamic Rough Set Theory (DRS) is used to identify the most important attributes and induce decision making with the support of the profitable indices from 302 samples of BSE. To increase the efficiency of the classification process, “Dynamic Rough Set using Machine Learning Algorithm” (DRSMLA), is introduced and implemented to discritize the data, then rough set reduction technique is applied to find all reduced sets of the data which contains the minimal subset of attributes, that are associated with class label for classification. Finally, the generated class labels are used to predict best indices for long term, medium term and short term investors by the implementation of SVM classification technique. A comparison between the obtained results using DRSMLA with ID3 decision tree, discriminant analysis, neural networks and rough set theory classifier algorithms has been made. DRSMLA method shows a higher overall accuracy rates and lower execution time consumption.

Market Behavior and Price Discovery in Indian Commodity Markets

Vol. 11  Issue 1
Year:2016
Issue:Jun-Aug
Title:Market Behavior and Price Discovery in Indian Commodity Markets
Author Name:Mihir Dash
Synopsis:
The study analyzes the market behavior and causality effects between spot and futures prices in Indian commodity markets. The pattern is quite different for different commodities. Commodities that suffer from chronic backwardation should be analyzed in more detail, in order to understand the causes, and controls (known as backwardation limits) should be instituted for the same. Causality in commodities markets can be used to either hedge or speculate price movements: if changes in spot prices drive changes in futures prices, efficient hedging strategies can be formulated; whereas, if changes in futures prices drive changes in spot prices, efficient speculation strategies can be formulated. Further, causality can be used in forecasting commodity spot and futures prices.

Impact of Job Stress on Employee’s Performance: An Empirical Study

Vol. 11  Issue 1
Year:2016
Issue:Jun-Aug
Title:Impact of Job Stress on Employee’s Performance: An Empirical Study
Author Name:K.S.Ravinarayana and H. Ramakrishna
Synopsis:
This study examines the impact of job stress on employee performance. The sample is drawn from a pool of sales professionals who completed a questionnaire made up of valid and reliable instruments that measured each of the variables studied. The findings indicate that the personnel have higher levels of job stress and higher levels of job performance. This study in some way contributed towards understanding the psychological perspective of employees and also understanding ways by which a job can be redesigned.

Financial Inclusion through Commercial Banks - A Feasible Option for Inclusive Growth

Vol. 11  Issue 1
Year:2016
Issue:Jun-Aug
Title:Financial Inclusion through Commercial Banks - A Feasible Option for Inclusive Growth
Author Name:P. Raja Babu 
Synopsis:
Banking sector plays a prominent role in the development of Indian economy. Banks were taken initiatives for expansion of branches in rural areas over a period of time. Especially, commercial banks played a vital role to enhance earnings of poorer sections of the society. “Financial inclusion is the process of ensuring access with quality of financial services provided to vulnerable groups such as weaker and low income groups (Rajan & Zingales, 2003).” According to K. C. Chakrabarty (2012), in general, “financial inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society. Particularly, weaker sections and low income groups get these services in a fair and transparent manner at an affordable cost.” This study mainly concentrates on the need of banking services and product innovation for inclusive growth in rural economy.