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Working Papers | 1987

Organization Development in Social Development Organizations

Manimala Mathew

Social Development Organizations (SDOs) have an important role to play in the social and economic development of the people particularly in developing countries following capitalist/mixed economy systems. However, many SDOs are organizationally ill-equipped to carry out their important functions in society. This is partly because of their origin as a half-heartedly tolerated appeasement tool with inappropriately borrowed values, structures and systems, and partly because conventional OD values and techniques developed in the context of industrial/commercial organizations have limited success with SDO's which are different from other organizations in their more humanitarian value systems, greater need for client orientation, greater dependence on external, scarce and uncertain resources, greater need to co-operate with other agencies and so forth. While SDOs do have some common characteristics, they cannot be considered a homogeneous lot. They differ among themselves on the basis of their greater or lesser orientation towards rules, structure, expertise, value, need, people, external agencies and the like. Thus, the OD needs of SDOs are different, on the one hand, from those of the industrial/commercial organizations and, on the other hand, among different types of SDOs. OD in SDOs should focus on : (1) value management, (2) perspective management, (3) participation management, (4) dependency management, and (5) withdrawal management. Specific OD needs of government and voluntary SDOs are discussed, and the directions of future change in OD with special reference to SDOs are indicated.

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Working Papers | 1987

The Decision Process of Individuals under Conditions of Risk: An Experimental Study

Samir K. Barua and Srinivasan G

Theoretical models in finance are many a time based on unrealistic assumptions about the behaviour of individuals. Empirical validation of the models is expected to vindicate the assumptions. However, in most situations, the approaches used for empirical validations suffer from serious limitations, either because of the nature of data used or because of the testing procedures used. Hence, the doubts about the underlying assumptions on individual behaviour remain unresolved. In this paper, an attempt has been made to study some common beliefs about behaviour of individuals in risky situations, through a controlled experiment. The results indicate that some oft-believed behavioural traits are indeed true, and the theories based on assumptions which are counter to these beliefs, need to be reconsidered.

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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

Investigation of Decision Criteria for Investment in Risky Assets

Samir K. Barua and Srinivasan G

This paper examines the empirical validity of stochastic dominance rules and the mean-variance framework by analysing data generated through an experiment on individual investment decisions under uncertainty. The analyses indicated that none of the two approaches provided adequate explanation for the observed pattern of choice. An alternate framework, based on preference for skewness, in addition to mean and variance, was examined. This framework provided a significantly better explanation compared to the two parameter framework. The preference for skewness was significant at higher levels of borrowing and at all levels of wealth.

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Working Papers | 1987

Male and Female Managers in United States and India: A Study of Change Agent Styles Personality Factors and Biographical Differences

Ottaway Richard N and Deepti Bhatnagar

This paper reports results of a study conducted to investigate the differences in male and female managers in America and India. Two samples were used, one male and one female, in each country. The samples were matched cross-culturally for comparability in age, education, and level of management in the company. The Indian data were collected from participants attending management development programmes at the Indian Institute of Management, Ahmedabad. The American data were collected from attendees at MBA programs (evening and weekend further education for practicing managers) in business schools in New Jersey. Three questionnaires were used for data collection. Hall and Williams Change Agent Questionnaire was used to collect data on change style. Personality data was collected on Cattell's Sixteen Personality Factor Questionnaire. The biographical questionnaires collected data on educational level, managerial level, age, salary, area of work, type of industry etc. Analysis of data showed the female managers to be significantly different from the male mangers. These differences were across all the three areas that were inveighed, namely, change agent styles, personality factors, and biographical characteristics. The female mangers used the credibility style of introducing change more often than the male managers. Female managers emerged as more hardworking, achievement-driven, having higher standards, experiencing greater conflict and being more hurting than their male counterparts. Female managers were younger, more educated and less paid than male mangers. A comparison of the American female managers with Indian female managers showed the former to be further behind the salary of male American managers than their Indian counterparts while being comparable in education and job status.

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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

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 | 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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