JTMGE Vol. 8 No. 2 (October 2017)

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    A Study on Organization Learning and Knowledge Management in Few Public Insurance Companies in Punjab
    (Chitkara University Publications, 2017-10) Anshika
    This study aims to review the current literature on Organization Learning and Knowledge Management, particularly in relation to development in the organizational framework in Insurance sector, also in order to map out the rationale and objectives of using Knowledge Management and Organizational Learning in this field. The problem that lead to study Organization Learning and Knowledge Management is due to changing and competitive culture of organizations. Change therefore demands new Knowledge, new ways of strategic actions. That’s why the organizations have to restructure their organisational culture which creates a foundation for continuous learning. In this way the concept of organization learning emerged. Thus, Organisation Learning motivates the culture and produce the Knowledge. Thus this paper endeavors to analyze the situation in 4 Public Insurance companies in and around Punjab.
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    Assessing the Probability of Failure by Using Altman’s Model and Exploring its Relationship with Company Size: An Evidence from Indian
    (Chitkara University Publications, 2017-10) Ravi Singla; Gurmeet Singh
    Corporate failure is the situation when a firm becomes unable to pay debts when they come due and the market value of assets becomes lower than its total liabilities. The purpose of the paper is to explore the relationship between firm size and probability of failure for Indian steel sector companies by employing regression model. Altman’s Z-score model has been used to derive the firm’s probability of failure, whereas total assets and total sales are utilized as indicators for firm’s size. The results indicate that size is inversely related to the probability of failure. With an increase in the size of the firm; probability of failure decreases and vice-versa.
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    Forex Risk Management by SMEs and Unlisted Non-financial Firms: A Literature Survey
    (Chitkara University Publications, 2017-10) Aman Chugh; Renuka Sharma; Kiran Mehta
    In the recent globalised financial markets, financial markets are more integrated which leads to more foreign exchange risk for firms. In such scenario currency derivatives are top most operational hedging strategy to manage foreign exchange risk. This scenario is different in developed and emerging markets as turnover of derivatives is growing swiftly in emerging markets and uses of currency derivatives is common but lower in comparison to the interest rate derivatives. In emerging markets (Hong Kong, Singapore and Brazil) use of currency derivatives is fifty per cent of total derivative traded follow by equity derivatives and interest rate derivatives (Mihaljek and Packer, 2010). The benefits of doing hedging have been discussed by many finance experts. These include classic contribution by Miller and Modigliani (1958) and then by Smith and Stulz (1985). Several studies have employed the questionnaire approach for the analysis of exchange-rate exposure management in non-financial firms (e.g. Bodnar and Gebhardt, 1999; Hakkarainen et al., 1998; Bodnar et al., 1998; Marshall, 2000; Ceuster et al., 2000; Mallin et al., 2001). The most refered study is Bodnar et al. (1998), which considered publicly traded U.S. firms. The present study examines the forex risk management by SMEs and unlisted non-financial forms in the form of literature review.
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    Innovation and Development in Information Technology in India: Specific to Software Industry
    (Chitkara University Publications, 2017-10) Deepak Kumar Solanki; Kunal Sinha
    Information technology (IT) plays an important role in development of business, boosting economic growth and employment by energising higher education sector. Software sector is a major component of IT industry. Development of indigenous software products is necessary for nation’s economy through development in software industry. Under ‘Digital India’ and ‘Make In India programmes major institutions are involved in policies and initiative programmes, R&D and innovation for growth of software industry. The paper attempts to highlight the crucial contribution of key stakeholders such as universities, technical research institute and private-public software firms, STPI and industrial association for development of software products and services. The Indian Government has taken many initiatives for promotion and adoption of Free & Open Source Software for increasing foreign exchanges, developing indigenous products and achieving vendor’s independence. The paper raise question about unavailability of indigenous software products as compared to Microsoft and other foreign vendor’s products in Indian market. Various institutions are still working on creation of indigenous software and in upcoming time novel products and technologies will be provided by India to domestic and global IT market.
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    Transformation of the Forest-based Bioeconomy by Embracing Digital Solutions
    (Chitkara University Publications, 2017-10) Chihiro Watanabe; Nasir Naveed; Kashif Naveed; Pekka Neittaanmäki
    This paper attempts to explore a new insight to both industrialized and growing economies by demonstrating a digital-driven creative disruption in the forest-based bioeconomy which is beginning to replace its conventional and narrow concept of a forest-blinded economy. Notwithstanding the potential broad cross-sectoral benefits to both industrialized and growing economies, natural environments and locality constraints and the incessant challenge of distance have impeded balanced development of this economy. However, driven by digital solutions the economy has taken big steps forward in recent years. Digitalization has enabled real-time end-to-end supply chain visibility, improved delivery accuracy, stock level optimization and alignment with demand planning. These have led to digital ecosystem collaboration and a transparency crossover industrialized and growing economies worldwide. Thus, creative disruptive platform has emerged by embracing digital solutions. By means of an empirical analysis focusing on the noteworthy business activities at the forefront of both upstream and downstream of the chain, this paper demonstrates a transforming stream observed in the forefront of a forest-based bioeconomy chain. This research thus explores a new insight common to both industrialized and growing economies in constructing a creative disruption platform by embracing digital solutions.