Informatics Publishing Limited

Anita Kumari ¹, P. Kaushal ¹, Subhash Sharma ¹, Amit Guleria ¹

Affiliations
1 Dr. Y.S. Parmar University of Horticulture and Forestry, Nauni, Solan (Himachal Pradesh), IN

Abstract

Microfinance has been proved to be an effective tool in providing financial access to the poor people. Microfinance through self help groups has been recognised internationally as a modern tool to combat poverty and rural development. Self help groups act as instrument for empowerment of women. The opportunities created by microfinance through forest protection committees as a tool to alleviate poverty can be used to strengthen the rural women SHG. The study revealed that most of the respondents belong to middle aged group, schedule caste category, primary passed and lives in joint families. Average number of members per group was 14 and average saving was `110. Women of 0-30 years age groups and middle passed borrow maximum amount of loan. Family income of respondents increase more than double after joining SHGs. Dairy farming is most preferred income generating activity amongst studied FDAs. Microfinance help in improving the economic, psychological, social and managerial aspects of women thus helps in overall women empowerment.

Keywords

Micro Financing, Income Generating Activities, Women Empowerment.

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Subhash Sharma ¹

Affiliations
1 Indus Business Academy, Bangalore, IN

Abstract

In the new era of Globalization, we are faced with several cases of 'ethical failures'. New questions are being raised with respect to the foundational premise of the 'Corporate model' that originated to maximize the return to shareholders. Though it has undergone transformation towards the stakeholder concept, it is weak in terms of its'ethical foundations. Executive greed as well as Corporate greed have overtaken the objective of 'wealth creation for society'. Wealth creation for the executives has taken primacy leading to many wrong decisions as indicated by the recent recession experience in America. Many American Corporations have fallen from grace. This indicates that there is a need to revisit the foundational concepts of the modem Corporations. Paper suggests the need for a new foundation in terms of a Tripod model, based on recognition of inter-linkages, interdependence and integration of Market, Society and Self. In this framework, Market, Society and Self are not only considered as Cocreators of wealth but 'Co-creators of Wealth with Grace'. For this 3 Rs (Resources, Responsibilities, Relationships) model is suggested. This model also leads us towards a new Performance Scorecard on the basis of 'Holistic Performance of The Corporation'. Paper also examines implications of 3 Rs model for Financial Sector for developing a new reporting system based on 3 Rs.

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Subhash Sharma ¹

Affiliations
1 Indian Business Academy, Bangalore, IN

Abstract

Metaphor of 'pyramid' has been widely used in the top down approaches to development. Organizations and societies have been structured around the idea of pyramid. In fact, study of history shows that one type of pyramid has been replaced by another type of pyramid. In many countries, 'Feudal pyramid' was replaced by, 'Socialist pyramid'/'Communist pyramid' and during recent years it has been replaced by 'Market pyramid'.

During the era of 'socialist pyramid', reaching out to the bottom of pyramid was the key note of a responsive State. During the era of the 'market pyramid' we hear a similar echo in the form of 'Fortune at the Bottom of the Pyramid' (Prahalad, 2005). However, for holistic development and holistic globalization, we need to take a new perspective and balance various 'pyramids' and be ready to rotate the pyramid at times by inverting the same. For this we need to understand the dynamics of underlying forces that shape our existence in the contemporary context.

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Subhash Sharma ¹

Affiliations
1 Indian Business Academy, Bangalore and Greater Nodia, IN

Abstract

In today's global business context, strategic management has become central to the success of institutions and organizations. The difference between a CEO and a bureaucrat lies in the fact that the CEO is strategy driven, while the bureaucrat gets things done through power. With the emergence of martlets as dominant force, strategy has become more important than bureaucratic power to achieve success in a competitive context.

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Subhash Sharma ¹

Affiliations
1 Director, Indus Business Academy, Bangalore, IN

Abstract

No Abstract.

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