Journal of Applied Management- Jidnyasa

Abstract

Human capital has become the most important asset in any organization. In this competitive scenario companies cannot afford underperformance of workers as it leads to huge cost implications and lower productivity. It is the need of the hour to understand and recognize the factors causing underperformance and different ways that could be used to motivate employees to perform to their potential. This study basically focuses on the various parameters which leads to underperformance of employees in manufacturing sector and gives an opinion of the employees vs. the managers on those parameters. This helps to understand if there is any conflict in opinions and understanding the ways in which performance can be improved. The study also helps to understand the importance of the factors causing underperformance.

OBJECTIVES To study the reasons of underperformance of workers

1. Steps taken by employers to motivate employees to perform well

2. Recommending ways to overcome underperformance

Hypothesis: Underperformance is positively related to low role clarity

Scope: The research would cover various reasons causing underperformance and how different companies are dealing with underperformance in manufacturing sector in and around Pune.

METHODOLOGY:

Data Collection: Primary data was collected from both workers and supervisors through questionnaires and interviews. Secondary data is also an important source which was gathered through journals, survey reports and research papers.

Sample Size: The same was dependent on the industry and the exact number of workers in each organization

Sampling technique: Random sample

Limitations: The research is limited to industries in and around Pune. The sector being focused is majorly manufacturing. The respondents would be from worker class only.

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Abstract

Knowledge Management, as the word implies, is the ability to manage "knowledge", a deliberate business optimization strategy that has been adopted in recent years to gain competitive advantage over others. It comprises of a range of strategies and practices or a collection of processes that govern the creation, spread and utilization of knowledge, insights and experiences within the organization. Such insights and experiences comprise of knowledge, either embodied in individuals or embedded in organizations as processes or practices in the form of technology.

Most large organizations have resources that are exclusively dedicated towards management of knowledge, which could be a part of their business strategy, information technology, or human resource management agenda. The overall objective of knowledge management is to create value and to leverage, improve, and refine the firm's competences and knowledge assets hence meet the organizational goals and targets.

Effective implementation of any knowledge management strategy is viewed from organizational, managerial, cultural, technical and political. Over past few years several studies are conducted in this field. The present study is effort to know the existing practices of knowledge management in IT companies.

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Organizations of all kinds have begun making a gradual and powerful move toward sustainability, as they recognize increasing convergences between economic and environmental interests. Pressure from customers, employees, and investors, as well as the promise of tightening regulations of greenhouse gas emissions and other environmental impacts, is helping to drive the advancement of corporate social responsibility (CSR) programs.

Employee engagement programs are initiatives that build employees' attachment to their workplaces and promote enthusiastic employee involvement in helping achieve organizational goals. To strengthen employee engagement and performance, organizations traditionally focus on internal factors, such as learning and development, career opportunities, and leadership effectiveness. Now, add corporate social responsibility (CSR) to the list. This is when the twist in story appears and gives it a different approach. The present study attempts to capture the flavor of the same from all the possible angles.

Primary and secondary data was collected to understand meet the objective of the study. Primary data in form of interview and secondary data through various sources as articles and references to various research from journals, magazines, elibrary and websites have been collected to explore the correlation of CSR activities and employee engagement.

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The paper aims to study the feasibility of setting up of Islamic Banks in a developing country like India. This has been old topic of discussion and has undergone scrutiny many times. Countries in the middle east specially the GCC (gulf corporation council) have developed fully functional Islamic Banks. The concept of Islamic Banks dates back to the early 1900s with the very first bank being set up in Egypt. Since then the world has seen Islamic Banks evolve from purely retail banks to providing Liquidity management tools. In India the concept of Islamic Banking has not even sprouted in real sense. There are NBFC which work on the principle of the Shariah Law and have elements of Islamic Banking philosophy engrained in their framework. However the scope of having a fully functional establishment which is Shariah Compliant seem to be trodden with difficulties primarily from a legal standpoint.

India has the 2^nd largest Muslim population in the world 2010 and is expected to become the largest by 2050. With Ernst & Young estimating that Islamic banking assets would grow by an average of 19.7% a year to 2018, India is looking at an untapped Islamic financial market worth $3 trillion (Ernst and Young, 2016) Conventional Banks in India don‘t function on the principle of interest free banking system. The Banking Regulation Act of India has categorically mentioned that no financial institution can function on the premise of an interest free financial framework. The researchers have tried to look at the efficiency and profitability of having such institutions in the country by carrying out a comparative analysis of top Indian Banks and Islamic banks. Secondary data from Bloomberg terminals were used for the purpose of study. Financial measures were statistically analyzed to come to a conclusive stand that Islamic Banks were more profitable as compared to their conventional counterparts.

Recommendation of Inclusion of Islamic banking in India is done based on the comparison of performance financial ratios of the banks.

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