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2757 items in total found

Working Papers | 1986

Energy and Development Options: The Case of India

Moulik T K

The paper critically analyzes the historical processes of the evolution of energy policy in India and its relationship with development strategies. The paper is divided into three time periods related to global energy situation: upto first energy crisis 1973; upto second and third energy crisis 1974-86, and future prospects, upto 2000. The paper shows how in successive five yea plans the energy policies and strategies are essentially determined by the five year plans and their targets, more as a "demand-accommodation" processes indicates the possible scenarios for every policy evolution in India beyond the year 2000 and recommends appropriate alternatives.

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Working Papers | 1986

Management of Financial Institutions: An Inquiry into the Extent of Professionalism in IDBI, IFCI and ICICI

Pandey I M

The purpose of this study was to assess the degree of professionalism in three all-India level DFIs --IDBI, IFCI and ICICI. It was also intended to derive implications for developing policies and procedures for managing development banks in general. On the basis of experiences of all-India DFIs, the model that seems to facilitate professionalism is one in which sophisticated policies, procedures and systems exist for identification, appraisal, approval, disbursement and follow-up of projects, and in which financial and technical experts combine to form teams for performing appraisal and follow-up of projects. It is also indicated that projects should be meticulously examined with the active involvement of the applicants. With the age and size of all-India DFIs, their functions have led their staff to grow, and they have created more specialised departmental structures. Thus, it may be concluded that over years DFI's structure becomes more departmentalised. Training is an integral part of the development process. All-India DFIs have sophisticated systems for the training of their staff. Also, need for finances from DFIs increases substantially. This necessitates development of skills to collect savings. All India DFIs in this respect are quite behind. They have not been so far able to establish an organic link to the sources of finances.

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Working Papers | 1986

A Study of Organizational Policies

Khandwalla P N

Two period data on 51 items of management policy were obtained from the top managements of 75 Indian organizations (mostly private and public sector corporations). The policy items were classified into those relating to the business strategy of the organization (sub-divided further into growth strategy related and competitive strategy related policies), structural policies (sub-divided into administrative and decision process, control, and personnel policies), and ethics and altruism related policies. The data analysis was done in the context of several organization theory issues. The administrative and decision process policies were the least stable while the ethics-altruism related policies were the most stable. The policies varied widely in their "causal power" and "causal sensitivity", and suggested four policy archetypes: foundational policies with high causal power but low sensitivity; nodal, with high causal power and sensitivity; instrumental, with low causal power but high sensitivity; and isolated, with low causal power and sensitivity. Each major group of policies had the greatest causal influence within itself but there were exceptions to this among the sub-groups. The structural policies had greater causal power over the strategic policies than the strategic policies had over the structural policies. The nature of the couplings between policies suggested two basic processes in the formation of management ideologies, those of nucleation and metamorphosis. Successive factor analysis led to the identification of 6 pairs of contrasting "ideal type" management ideologies, namely, entrepreneurial and conservative, professionalist and traditionalist, corporate citizenship and "bottom line", Theory Y and Theory X, altruistic and self-centered, results oriented and tender minded. The implications of the data were discussed, especially the possibility that social information processing by managers outside the organization may explain some of the findings, the implications of the data for models of invariant organizational evolution or development, the implications for strategies of organizational changing, and for contingency organization theory.

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Working Papers | 1986

Temporal Behaviour of Rural-Urban Migration and Extent of Urbanization

Ravindra H. Dholakia

The paper views the phenomenon of rural-urban migration in terms of relative growth of urban areas. Four factors influencing the relative growth of urban areas are identified. They are: (i) dependency ratio in urban areas (ii) employment opportunities in the economy (iii) industrial structure in the economy and (iv) concentration of economic activities in the urban areas. The time trends of each one of these factors is postulated over various stages of economic development of the nation. Based on these trends, the hypothesized relationship between migration and wages over time is derived. Empirical exercise based on the Indian Census data from 1951 to 1981 carried out within this framework offers interesting insights into the processes of urbanization India and hence some broad policy recommendations.

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Working Papers | 1986

Information Reliability and Prediction of Performance: Role of Initial Opinion in Multiplying Model

Singh Ramadhar, Bhargava Shivganesh, and Norman Kent L

All the models of information integration predict that the greater the reliability of an information, the greater its effectiveness. However, they disagree with the relationship between reliability of information of one type and effectiveness of information of another type. The multiplying model predicts that reliability of information of one type should enhance effectiveness of information of another type; the relative-weight averaging model predicts just the opposite; and the adding and constant-weight averaging models predict that effectiveness of information of one kind is independent of the reliability of information of another kind. Experiment 1 demonstrated that Life Performance = Motivation x Ability. Experiment 2 tested the hypothesis that information reliability causes averaging of external information with the corresponding initial opinion of the judges. Accordingly, the effect of motivation information should be independent of the reliability of ability information and vice versa even within the multiplying model. Results supported the hypothesis. Implications of this finding for test of multiplying model were discussed.

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Working Papers | 1986

Corporate Sickness and Its Prevention by Financial Institutions

Khandwalla P N

Growing corporate sickness seems to be a global phenomenon, at least in the world's market-oriented economies. But the causes of sickness may differ as between Third World countries like India and the developed Western economies. After reviewing Western and Indian work on sickness, the paper presents data on a questionnaire and interviews based study of the major causes of sickness in India, and the mechanisms available to the financial institutions to prevent sickness. The respondents were 36 rehabilitation officers of various Indian banks and financial institutions. A multi-pronged model for preventing sickness is proposed.

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Working Papers | 1986

Reliability Analysis of Apoly-12-PU-500

Girja Sharan, Shah Nitin, and Srivastava Uma Kant

Breakdown data of APOLY-12-PU-500 windmills of Gujarat has been analysed. Bartlett's test suggested the plausibility of failure being exponentially distributed. The mean-time-between-failures (MTBF) was estimated, expected failure frequency computed. The observed and expected frequencies are close enough, as indicated by the goodness-of-fit test. The MTBF worked out to 283 hrs. Which in Gujarat conditions could mean at the most 2 months of working. The reliability of this model thus is low. Repair costs will be higher than expected by the designers.

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Working Papers | 1986

Capital Expenditure Planning and Control: A Survey of Indian Practice

Pandey I M

The purpose of the study was to find out the policy and practice of Indian companies regarding various phases of the capital expenditure planning and control, and to ascertain corporate executives' opinion on the linkage between the capital budgeting and the corporate strategy. Detailed questionnaires were sent to fourteen companies which had agreed to participate in the study. The study reveals the following: (i) The definition and classification of capital expenditures is guided a lot by accounting convention and tax regulations. (ii) A very large number of project ideas are generated at the plant level. Thus the investment idea generation is a bottom-up process. (iii) The authority to progress and approve investment proposals and to spend money for approved expenditures is rigidly concentrated in the hands of a few top management officials. (iv) A large number of business executives lack conceptual clarity in estimating cash flows. (v) Almost all companies use payback as the evaluation criterion. About three-fourth companies use NPV or IRR; but none of the companies uses any of the sophisticated criteria without payback. (vi) Selling price, product demand, technological changes and government policies contribute investment risk. Sensitivity analysis is the most popular method of handling investment risk. (vii) Companies hardly face capital shortage. No company uses mathematical model to select project under capital rationing. (viii) It is a common practice in India to reappraise approved projects. The power to review reappraisals is concentrated at the top. (iv) In practice, strategic considerations (as well as a number of qualitative factors) are considered to be very important in the investment planning. On the basis of the findings of the study and experiences of other countries, a descriptive model for the capital expenditure planning and control is developed.

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Working Papers | 1986

Analysis of (S, s) Inventory System with Decaying Items

Srivastava Prabha and N. Ravichandran

This article obtains the stationary distribution of the inventory level of an (S, s) inventory model with decaying items. The demand to this inventory system is governed by a general renewal process. Items decay at a constant rate independently and identically. When the inventory reduces to a level

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Working Papers | 1986

Casual Linkages Among Dimensions of Perceived Organizational Environment

Khandwalla P N

The paper highlights the importance of environmental perceptions of management for a strategic contingency theory of organizational functioning. Based on data from 75 Indian organizations, the paper examines the temporal stability of environmental perceptions and the potential causal linkages between perceptions of ten dimensions of the organization's operating environment. Based on identified casual linkages, the environmental dimensions are classified into strategic, transmitter, instrumental, and isolated. A causal network is constructed. Distinction is drawn between the direct and network organizational effects of changes in environmental perceptions. Implications are drawn for a dynamic organization theory. The paper concludes with some emergent hypotheses.

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