Review of Professional Management- A Journal of New Delhi Institute of Management

Faisal Ahmed ¹, Anju Kohli ¹, Prabhat Pankaj ²

Affiliations
1 Department of Economics, University College of Social Sciences, MLSU, Udaipur, IN
2 IILM, Greater Noida, IN

Abstract

India and the GCC states have long shared cordial relations both in the economic as well as political front. The paper estimates India's export potential to 83 trading partners of India (spread across 10 Regional Trading Agreements). The first part of the paper discusses the origin and geo-economic strength of the Gulf Cooperation Council (GCC) and its relation with India. GCC comprises of six states including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The second part of the paper presents the gravity model predictors and makes a literature review of the usage of this model. The augmented form of this model as used in this study along with the findings of this paper as per the model estimates have been presented in the third part of this paper. The focus of the analysis is on ascertaining India's export potential to the GCC states.

Keywords

GCC, Gravity Model, India's Export Potential.

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R. C. Dangwal ¹, G. S. Batra ², Arun Sacher ³, Anju Kohli ⁴

Affiliations
1 HNBGU, Srinagar, Uttranchal, IN
2 Punjabi University, Patiala, IN
3 Industry Institute Interaction & Consulting, Amity International Business School, Amity University, U.P., IN
4 Institute of Professional Studies, Ghaziabad, IN

Abstract

Liberalisation and Globalisation are the changing face of major economies across the world. The wider implications of WTO and Patent regimes across the globe have necessitated significant changes. Competitiveness and excellence are the modern mantras that govern the philosophy of corporate world. Also, Organization change and development are the new faces of organizations. All these complexities have made the job of today' s executives more challenging than ever Thus the 'survival of the fittest' is significantly applicable in today's environment.

In this professional and stressful work environment, executives have to search for motivation that can provide them excellence&job satisfaction. Executives are supposed to innovate and perform under all situations. Further They are supposed to be consistent, process oriented and act like life-line for the organisations.

For a developing country like India, Pharma Sector is one of the very important sector that is facing the heat of this widespread change. At one end patents restrictions are mounting on Indian Pharma Organisations for new product launches. On the other end cost of health facilities and stiff competion from global players is increasing.

Thus studying managerial effectiveness and job satisfaction in Indian organizations of pharma sector carries lot of significance. In these choosen dimensions, very few research studies are available in this sector. The two Indian organizations selected under study are one of the top most organizations of this sector One of them is largest Indian turn multinational(Ranbaxy Labs Ltd.) and other is responsible for maximum mergers and acquisitions of the pharma organizations in India (Nicholas Piramals Ltd.).

In this paper the authors have studied how the various factors of organization climate effects the managerial effectiveness and job satisfaction in major players of Indian pharma industry. The study includes comparative analysis on impact of organisation climate of Ranbaxy Labs Ltd and Nicholas Piramals. The result indicates the favourable organization climate in Ranbaxy as compared to Nicholas piramals that leads to increased managerial effectiveness and job satisfaction.

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