ICTACT Journal on Management Studies

N. Chandrasekaran ¹, R. Arunachalam ²

Affiliations
1 Jansons School of Business, IN
2 ProConnect Supply Chain Solutions Ltd, IN

Abstract

Traditionally economists in earlier and middle of 20^th century discussed about risks and uncertainty and related to theory of profits. Though risk is assumed to be predictable, measurable and insurable, uncertainty has subjectivity and largely remained "unknown" in statistical sense. Applications of mathematical and statistical techniques to risk definition, measurement and control through measurement of variability of outcomes and relate it with financial and corporate performance were popular in financial literature. Adoption of risk perspectives in supply network assumed greater importance with globalisation of business and movement of production to eastern part of the globe. Initially, supply risk was limited to upstream part of supply chain network and totality approach to supply chain risk gained more importance over the years. Happening of major disruptions across the globe due to terror attacks, geo-political changes, natural disasters like swine flu and Tsunami led to application of supply chain risk and uncertainties. There were discussions on an event based outcomes were considered uncertain event but raised debates about risk, uncertainty and return management. In this paper, authors have considered recent torrential rains and flooding at Chennai leading to disaster have been analysed for understanding managerial perspectives.

Keywords

Supply Chain Disruption, Flooding and Torrential Rains at Chennai and its Impact on Supply Network.

Full Text

     

C. R. Rajan ¹, N. Chandrasekaran ²

Affiliations
1 Great Lakes Institute of Management, IN
2 Jansons School of Management, IN

Abstract

The sugar and sugarcane prices are highly regulated by the state governments of India. The objective of our study is to find reasons for sustainability of sugar mills despite poor economics. Through secondary research, the supply chain and key financial metrics of five selected sugar mills are analyzed. Correlation coefficient is computed for the crucial pairs of financial ratios (control variables). The results indicated that sugar industries are able to sustain by leveraging the profits from by-products and the industry is suffering from the government policies of pricing sugar and sugarcane. Arrears in payments to farmers by sugar millers could be a way to regulate the supply (cultivation) of sugarcane by the farmers in the catchment area of their mills. It is also observed that volume of production increase does not drastically reduce the margin as it is widely believed among industry circles. Similarly, accounts payable is not a larger issue with millers whereas cane arrears could be an issue with farmers. The study emphasises the need for financial analysts closely monitoring volume, productivity, margin and payables. The study uses simple framework and tools for establishing a meaningful relationship among operating and financial parameters of the industry.

Keywords

Sugar Industry, Financial Ratio Analysis, Cyclic Trends, Profitability, Productivity Analysis.

Full Text

     

B. Anbuthambi ¹, N. Chandrasekaran ²

Affiliations
1 Department of Management Studies, Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya, IN
2 Loyola Institute of Business Administration, IN

Abstract

India occupies around 2.4% of the world's landmass. It is also home to 17.5% of the world's population. The density of population is more in the urban landscapes. However, being largely an agrarian economy, a significant part of India's GDP comes from the villages and rural areas. Rural development and prosperity is deeply integrated to any nation's growth. Skilled workers and entrepreneurs are the need of the hour with the government committed to improving the skill landscape in the country over the next few years. The mobilization of the available youth and man-power and making them as skilled individuals is the need of the hour with the burgeoning youth brigade of India. This paper focuses on the existing ecosystem for skill development in rural India and the role skill development has to play in the future for increasing employment and entrepreneurship opportunities among the youth of rural India.

Keywords

Skill Development, Employment, Rural India, Youth, Entrepreneurship.

Full Text

     

B. Anbuthambi ¹, N. Chandrasekaran ²

Affiliations
1 Department of Management Studies, Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya, IN
2 Loyola Institute of Business Administration, IN

Abstract

Government of India has passed GST Bill in 2016. It would be implemented from the second quarter of the financial year 2017-18. GST training must begin for personnel of the revenue department with Union and State Governments. Then only its effective implementation is possible. It is likely that the way they were administering the indirect tax regime would change. Training needs and perspective become important as not only the rate, submission forms but also the information technology system that they were using would also change. Similarly, GST would impact businesses as there would be changes in certain processes. Training must cover: supply chain network, marketing and pricing and accounting. AS GST is likely to impact from partnership firms, individual service providers, small, medium and micro firms and large industries, all of these firm representatives are to be trained. Thus, millions of such professionals need to be trained.

Keywords

Economic Growth, Goods and Services Tax, Domestic and International Markets, OECD.

Full Text

     

B. Anbuthambi ¹, N. Chandrasekaran ²

Affiliations
1 Department of Management Studies, Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya, IN
2 Institute for Financial Management and Research Graduate School of Business, KREA University, IN

Abstract

India being a nation that enjoys a demographic dividend of having higher percentage of younger aged population, also has a challenge to develop the students with proper education, thereby the young generation contribute to the growth of the nation. In this context, the Higher education becomes an important focus among the government policy makers. Further, more focus is given on the engineering education since the students qualify to be engineers are expected to be the next generation employees and entrepreneurs. They are expected to have abilities for innovation aimed at higher growth and potential for creating more opportunities. While India has a huge number of engineering colleges with several lakhs of students pursue engineering courses, the quality of the faculty members have always been a concern. While there are several researches studied on the quality aspects of an engineering teacher, this paper attempts to find the top 10 attributes of a great engineering teacher. This study is made based on the inputs from both engineering college teachers themselves and the students pursuing engineering courses. While the top 10 attributes are identified in the perspective of students and teachers independently, the commonly agreed top 10 attributes of a great engineering teacher are identified through this paper.

Keywords

Attributes, Students, Teachers, Engineering Curriculum.

Full Text