scholarly journals The Impact of Dharma on Management PhilosophyA Comparative Study of Vishnu Smriti and Contemporary Corporate Thinking

2021 ◽  
Vol 29 (04) ◽  
pp. 94-117
Author(s):  
Pranav Umesh ◽  
◽  
N. Sivakumar ◽  

Purpose: Management philosophy acts as a foundation for business by defining its vision, mission, and purpose and by providing guidelines for its operations. For centuries, Indian ethos has encouraged socially beneficial corporate behavior by invoking the concept of dharma. Using a historical analysis research design, this paper attempts to measure the impact of dharma on management philosophy of modern companies. Methodology: The paper uses a historical analysis research design. The paper specifies the ideal from Vishnu Smriti, a Dharmasastra text of ancient India. The contemporary management thinking is studied by analyzing the management philosophy statements of the fifty corporations comprising the NIFTY index in India. Several data analytics techniques like correlation analysis, association analysis and path analysis, have been used to measure that the impact of dharma on management philosophy. Findings: The study reveals that the impact of dharma on the management philosophy modern corporations is not so strong. The results of correlation analysis, association analysis and path analysis all showed that impact of dharma on the management philosophy of the NIFTY indexed companies is not upto the expected ideal. Practical implications: As the impact of dharma on the management philosophy of modern corporations is not strong, it is necessary for managers to understand the values guidelines provided in dharmashastra texts to develop their vision and mission statements. Such guidelines from Vishnu Smriti include treating employees and customers with respect and cultivate environmentally sustainable management practices. Originality: The originality of the paper arises from its ability to integrate the philosophy of Indian ethos in contemporary management thinking and measuring the same using well known statistical techniques.

Author(s):  
A. Anjum ◽  
X. Ming ◽  
Lilian Consuelo Mustelier Puig

This empirical article aims to ascertain the impact & relationship of SHRM practices with service behavior among employees of SME's in Pakistan. Data was collected from 32 small & medium enterprises including Manufacturing, Consultants, Automotive, Fashion, Handicrafts, Surgical, Sports Goods & Customer Service sectors of 8 major cities of Pakistan by using stratified random sampling technique. The response rate was 76% as 180 questionnaires were distributed among front line employees, middle managers & executive managers and 38 questionnaires were returned back with 76% response rate and 118 questionnaires were found useable. Pearson's r correlation & linear regression analysis techniques were used to analyze the data on SPSS, PSAW version 22. According to results, the Regression model is weakly parsimonious & accounts for 33.3% of the variance. SHRM practices on the whole have positive moderate significant relationship (.337*) & positive impact (β = .787) on service behavior. In depth, training has positive weak significant relationship (.219*) & positive impact (β = .147), participation has positive moderate significant relationship (.499**) & positive impact (β = .432), job description has positive moderate significant relationship (.340**) & positive impact (β = .352), result-oriented appraisal has positive weak significant relationship (.222*) & positive impact (β = .015), internal career opportunities has positive weak significant relationship (.292**) & positive impact (β = .295) on service behavior. Employment security (.131) & profit sharing (- .054) have non-significant relationships with service behavior. This study facilitates the policy makers to adopt appropriate SHRM practices to foster service behavior among employees. This study was conducted in eight cities of Pakistan by using cross sectional research design. Future research direction is to expand the study by using longitudinal research design.


1994 ◽  
Vol 119 (1) ◽  
pp. 6-11 ◽  
Author(s):  
Milton E. McGiffen ◽  
Dan James Pantone ◽  
John B. Masiunas

Path analysis is a statistical method for determining the magnitude and direction of multiple effects on a complex process. We used path analysis to assess 1) the impact of black nightshade(Solarium nigrum L.) or eastern black nightshade(Solarium ptycanthum Dun.) competition on the yield components of `Heinz 6004' processing tomato (Lycopersicon esculentum Mill.) and 2) the relationship between tomato yield components and total and marketable yield. Either black or eastern black nightshade was interplanted with tomatoes at population densities from 0 to 4.8/m2. Path analysis revealed that increasing weed population density led directly to fewer green and total fruit per plant, two components of marketable yield. However, the percentage of culls per plant and fruit weight were not affected by nightshade population density. Using correlation coefficients alone would have lead to the erroneous conclusion that the percentage of culls did not affect marketable yield; our path analysis demonstrated that decreasing the percentage of culls through breeding or cultural practices will strongly affect marketable yield. The total number of fruit was the most important yield component in determining total and marketable yields per plant. Breeding and management practices that maximize fruit set, increase maturity at harvest, and decrease the percentage of culls would be expected to increase marketable yield.


2018 ◽  
Vol 35 (10) ◽  
pp. 2195-2211 ◽  
Author(s):  
Satish Mehra

PurposeThe purpose of this paper is to study the impact of successfully assessing basic resources of an organization, such as technology and human resources, needed to enhance performance of service businesses through the use of quality management ideals. Effective coordination of these two types of organizational assets is shown to impact both the design and the implementation of quality management practices, which than leads to enhanced organizational performance.Design/methodology/approachRetail banking firms were surveyed for this study to analyze empirical data related to technology and people-based assets. Results were corroborated on the basis of in-depth interviews with several banking managers to provide real-world verification of the findings.FindingsThis study identifies the significance of key assets in a banking service environment that can help the implementation of quality management philosophy. Paper discusses how managers can focus on the development of key assets as well as the use of these assets in the design of quality management processes to enhance business performance.Research limitations/implicationsThis research focused on a specific sector of the service industry, the banking sector. Relatively small size of the study sample may have impacted the outcome of research applicability on a wide spectrum of businesses. Also, constantly changing financial regulations could not be incorporated in the study. On the positive side, strong managerial feedback provides guidance toward adopting the study results, and lays the foundation for future research suggesting an additional focus on corporate responsibility and sustainability issues while managing quality.Originality/valueAs today’s rapidly evolving society pushes people out of service encounters, replacing them with efficient and cost-saving technology, roles of both the people and the technology in an organization must be fully understood. This paper shows that, despite the exponential growth of technological innovation, both people and technology are critical to enhancing organizational performance through successful adoption of quality management practices.


2021 ◽  
Vol 13 (19) ◽  
pp. 10769
Author(s):  
Alex Maritz ◽  
Quan Nguyen ◽  
Hsin-Ming Hsieh

University accelerators are a recent but rapidly growing phenomenon that not only enhance regional entrepreneurial ecosystems but influence the success of university startups and regional development and prosperity. The aim of this research is to explore the alignment of university strategic intent and practices with the impact and outcomes of university startup accelerators. The research design includes emergent enquiry perspectives aligned to inductive and nascent exploratory research. This is the first global algorithmic study using Leximancer techniques to examine the integration of university intent and accelerator impact using institutional theory as a foundation. Neoteric reviews provide conflicting points of view regarding university accelerators as startup launchpads or vehicles for entrepreneurial learning, and the findings suggest a disparity between university accelerators and university strategic intent, primarily a result of the incongruent interplay of substantive and symbolic management practices. The findings provide not only critical grounding and insights for researchers, practitioners, and university leaders in their quest to engage with successful nascent entrepreneurs and university startups but, also, practical implications to align the strategic intent.


2018 ◽  
Vol 15 (2) ◽  
pp. 1-20
Author(s):  
Sabri Embi ◽  
Zurina Shafii

The purpose of this study is to examine the impact of Shariah governance and corporate governance (CG) on the risk management practices (RMPs) of local Islamic banks and foreign Islamic banks operating in Malaysia. The Shariah governance comprises the Shariah review (SR) and Shariah audit (SA) variables. The study also evaluates the level of RMPs, CG, SR, and SA between these two type of banks. With the aid of SPSS version 20, the items for RMPs, CG, SR, and SA were subjected to principal component analysis (PCA). From the PCA, one component or factor was extracted each for the CG, SR, and RMPs while another two factors were extracted for the SA. Primary data was collected using a self-administered survey questionnaire. The questionnaire covers four aspects ; CG, SR, SA, and RMPs. The data received from the 300 usable questionnaires were subjected to correlation and regression analyses as well as an independent t-test. The result of correlation analysis shows that all the four variables have large positive correlations with each other indicating a strong and significant relationship between them. From the regression analysis undertaken, CG, SR, and SA together explained 52.3 percent of the RMPs and CG emerged as the most influential variable that impacts the RMPs. The independent t-test carried out shows that there were significant differences in the CG and SA between the local and foreign Islamic banks. However, there were no significant differences between the two types of the bank in relation to SR and RMPs. The study has contributed to the body of knowledge and is beneficial to academicians, industry players, regulators, and other stakeholders.


2013 ◽  
Vol 1 (1) ◽  
pp. 83
Author(s):  
Ozan Büyükyılmaz

The development and expansion of knowledge management as an important management philosophy has a significant impact on human resources management as well as on organization as a whole. In this context, knowledge management processes have been used as a strategic tool within human resources management.Therefore, functions of human resources management must adapt itself to this change. The purpose of this study is to determine the role of human resources management in the management of knowledge and to reveal the effects of knowledge management practices on the functions of human resources byexamining the relationship between human resources and knowledge management. In this context, a theoretical investigation was conducted. It has been determined that significant changes occurred on the functions of human resources management such as selection and recruitment, performance management, remuneration and reward, training and development within the framework of the knowledge management strategies.


2019 ◽  
Vol 118 (7) ◽  
pp. 20-26
Author(s):  
S. JAYARAMAN ◽  
R. Sindhya ◽  
P. Vijiyalakshmi

this research aims to find out the intensity of Employee Engagement of the health care sector workers and the relationship between the Work life factors and Employee Engagement of Health care sector workers in Dindigul District. Primary data were used in this research, were collected from 298 Health care workers from Dindigul District. Questionnaire was the major tool used to gather the primary data from the selected sample respondents. For this purpose, a well structured questionnaire was constructed with the help of professionals and the practiced employees of various health care units in Dindigul District. The health care employees were chosen by simple random sampling method. The investigative measures of regression Path analysis, and simple percentage analysis were utilized to find the impact of work life related factors with the Employee Engagement. The maximum Health care workers were generally satisfied with their jobs. The analytical procedure of path analysis multiple regressions was utilized to determine the predicting strength among Work life factors and the employee engagement. This study provides an another view about the importance of Work life factors and Employee engagement for organizational effectiveness and performance .


2020 ◽  
Vol 13 (2) ◽  
Author(s):  
Murti Sumarni

The aim of this research was focused to determine the impact of Employee Engagement and Employee Value Proposition to Performance. The reliability and validity test was conducted to 30 respondents and the result showed that all questions item were proven valid and reliable to be used in further research analysis. Populations in this research were the employees of PT. Bank Mega, Tbk. Branch Office Semarang. Questionnaire wasused to collect the data in the amount of 50 respondents. This research used SPSS to analyze and the result of the regression analysis indicated that the Employee Engagement and Employee Value Proposition had a significant effect to Performance. The result of Path Analysis indicated that Employee Value Proposition could be a moderating variable between the impact of Employee Engagement to Performance.


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