JTMGE Vol. 7 No. 1 (April 2016)
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Item A Study on the Effect of Enterprise Resource Planning (ERP) on People of an Organization(Chitkara University Publications, 2016-04) Bharti Motwani; R K SharmaThe ultimate objective of any organizational initiative to install ERP system is to reveal some advantage, whether it is associated with cost savings, improved efficiencies, or better decision-making. These systems can in the long run save millions of dollars, improve quality of information, and increase workers’ productivity by reducing the amount of time to do a job. ERP systems can virtually eliminate the redundancies that occur from outdated and disparate systems that may be present in each department of an organization. This paper highlights the effect of ERP systems on the people of an organization. The results indicated that employees, customers and suppliers were benefitted due to installation of ERP systems while external agencies were not affected due to ERP systems.Item Efficiency of Indian Commodity Market: A Survey of Brokers’ Perception(Chitkara University Publications, 2016-04) Shashi Gupta; Himanshu Choudhary; D. R. AggarwalThe present study documents the finding of a survey of brokers’ perception pertaining to the recently introduced commodity derivatives market in India. The survey results show the brokers’ assessment about trading/marketing activities and their perception of the benefits and concerns about commodity derivatives. It also throw some light on the perception of brokers about the efficiency of Indian commodity derivatives in performing the functions of price discovery, hedging effectiveness and volatility dynamics. The survey results show that high net worth individual are contributing significantly in the trade volume of commodity derivatives. Interestingly, retail investors are also emerged as the significant contributor in total turnover of brokers. Survey results exhibit that price discovery and hedging effectiveness functions are well performed by all the commodity futures except the energy commodities futures. Energy commodities, being the most volatile commodities, are perceived as having less hedging effectiveness as compared to others. Brokers are assenting on the high to moderate impact of open interest, volume and time to maturity on the volatility of the commodity futures derivatives.Item Review of Microfinance Schemes in Haryana with focus on Mewat(Chitkara University Publications, 2016-04) Archana Mehra; D. R. AggarwalInspite of the fact that Haryana is a fast developing state of India, yet it is grappling with the problem of development of a backward district like Mewat (newly carved out district from Gurgaon and Faridabad). Since Microfinance is considered as one of the major tools of poverty alleviation, this paper describes the various microfinance schemes in Haryana with focus on Mewat. The Mewat Development Agency has been set up at the district level to overview and to monitor the progress of various schemes being implemented under the Mewat Development Board, set up by the Government of Haryana in 1980, as an extra effort of development apart from the normal plan schemes. The Mewat Development Agency is actively promoting Self-Help Groups (SHGs) through its Federation. Mewat has been severely lagging behind in terms of socio-economic parameters of development and the problem is further aggravated due to the rigid socio-cultural mindset of the area. Besides examining the various microfinance schemes in operation in Haryana, an attempt has also been made to highlight the shortcomings of the schemes.Item Inflection points and industry change: Was Andy Grove right after all?(Chitkara University Publications, 2016-04) Fred Phillips; G. George Hwang; Pornpimol LimprayoonWe examine whether the ‘strategic inflection points’ described by former Intel CEO Andy Grove correspond to mathematical inflection points in the product/technology life cycle. We find one sense in which they do and two senses in which they do not. This leads to a mapping of colloquial uses of inflection point, tipping point, volatility, chaos, and turbulence against the scientific definitions of these terms. The mapping should be of use to researchers and educators, and also suggests to managers that the possibility of foresight and control in technology-dependent industries is more sharply limited than generally believed. The paper highlights implications for organizational sustainability and offers possible coping mechanisms for managers and directions for educators and researchers.