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CONTEMPORARYISSUESINMANAGEMENT

(INDIANCONTEXT)
KEYNOTELECTUREBY:

DR.T.K.JAIN

AFTERSCHOOOL

centreforsocial entrepreneurship

afterschoool@in.com

afterschool@in.com
BIZ MAZE 2009
www.afterschoool.tk
BIZ-MAZE 2009
2ND NATIONAL SEMINAR ON
CONTEMPORARY ISSUES IN MANAGEMENT

ORGANISED BY

JAGANNATH
UNIVERSITY
JAIPUR

BIZ MAZE 2009


WHAT ARE THE ISSUES ???
• Changing demand,
• ecological issues,
• appropriate technology
• World wide recession
• Greater expectations of stakeholders
• Ethics and values
• Changing social, economic and political
environment
• Expect the unexpected

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SMALL SCALE V/S LARGE
SCALE – SURVIVAL ISSUES,
• Questions of technology, infrastructure and
networking
• Consolidation, super brands and rule of 3
• Question of Economies of scale
• Questions of flexibility, innovation and adaptibility
• MSME law – 2006

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ISSUES IN HR
• Industrial unrest
• Increasing stress
• massive retrenchments in companies. Industries
like BPO, Export oriented units etc. have been
worst affected.
• In Pune alone, there have been over 40000
retrenchments.
• The challenge is how to keep the morale high
• Cross cultural training, multi skilling, competence
building, and emotional intelligence
• How to create a culture of innovation & change

BIZ MAZE 2009


ISSUES IN MARKETING
• how to survive in market structure where
demand is falling
• how to match reducing customer demand
• how to ensure that there are no unnecessary
inventories piled up
• how to ensure that the company is able to
bring innovations in product design and
delivery

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TRENDS IN STRATEGIC
MANAGEMENT
• 1. Corporate governance has become important and
many companies have adopted transparency
• 2, companies like Infosys have adopted code of
conduct, which enables these companies to run on
ethical and professional grounds
• 3. Companies like Infosys have adopted international
accounting and reporting guidelines and these will
enable these companies to have better reporting
• 4. Companies are adopting better internal control
systems.
• 5. Companies are today required to constitute audit
committees, remuneration committee and other such
measures to ensure that these companies are able to
work in transparent
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ISSUES IN STRATEGIC
MANAGEMENT
• Corporate governance – Voluntary v/s
regulatory
• Ethical conduct and code of conduct –
ways and means
• Better accounting and reporting practices

BIZ MAZE 2009


ISSUES IN OPERATIONS
MANAGEMENT
• how to design products and services which
are environment friendly,
• how to develop products and services which
are using appropriate technology
• how to develop products and services which
are relevant to the today’s issues
• how to design products, which use minimum
natural resources

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ISSUES IN FINANCIAL SECTOR
• how to ensure that there is no insider
trading
• how to ensure that price rigging and other
such practices are minimized
• How to ensure that the interests of the
investors are protected
• How to ensure that there is transparency,
proper disclosure and proper reporting

BIZ MAZE 2009


RECENT DEVELOPMENTS IN
FINANCE SECTOR
• grading of IPOs
• book building process
• mandatory underwriting
• dematerialization of shares
• demutualization of stock exchanges
• greater transparency and better risk
management measures in stock exchanges
• investor education and protection

BIZ MAZE 2009


RECENT DEVELOPMENTS IN
FINANCE SECTOR
• The Securities and Exchange Board of
India, set up in 1988 & SEBI Act 92
• Capital Issues (Control) Act, 1947
repealed & CCI abolished
• National Stock Exchange of India (NSE)
with computerised on line screen based
nation- wide electronic trading

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CREDIT RATING
• CRISIL (Credit Rating and Information Services
(India) Limited) was set up as the first credit
rating agency in 1987. ICRA Limited (Investment
Information and Credit Rating Agency of India
Limited) in 1991 and CARE (Credit Analysis and
Research Limited) in 1994 and Fitch Rating
India Pvt. Ltd.
• Credit Rating Agencies are regulated by
SEBI(Credit Rating Agencies) Regulations,
1999.
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Requirements regarding public
issues
• The promoters should contribute not less
than 20% of post-issue capital,
• minimum public shareholding of 25 per
cent
• grading of IPOs by the rating agencies at
the option of the issuers
• abridged letter of offer which shall contain
disclosures as required to be given in the
case of an abridged prospectus
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CLAUSE 49 OF LISTING
AGREEMENT
• appointment of the independent directors.
• compliance date December 31, 2005.
• maximum gap between two Board
meetings,
• sitting fees of the non-executive directors
and
• certification on internal control system by
the CEO/CFO
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REFORMS IN FINANCIAL
SECTORS
• Clearing and settlement cycle =T+2
• Qualified institutional buyers (QIBs) have
prohibited from withdrawing their bids after
the closure of bidding.
• SEBI introduced additional criteria of ‘net
tangible assets’, ‘minimum number of
allottees in public issue’ and ‘profitability’.

BIZ MAZE 2009


REFORMS IN FINANCIAL
SECTORS
• Mutual Funds permitted to make
investments in foreign debt securities
including government securities
• Mutual Funds required to disclose the
portfolios on their web sites in the
prescribed format before the expiry of one
month from close of each half-year

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REFORMS ….
• unique client code
• Withdrawal of restriction on short sales
• underwriting made mandatory

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DEMUTUALISATION OF STOCK
EXCHANGES
• no broker member of the stock exchanges
shall be an office bearer of an exchange
or hold the position of President, Vice
President, Treasurer etc.

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CONCLUSIONS
• The issues are due to changes in
economic, social and political environment
• World Economic system is undergoing
massive changes
• Managers have undertake SWOT analysis
and evolve strategies to suit the situation
• The age of discontinuity has started

BIZ MAZE 2009


It is all just a drop in the ocean…
THANKS
The discussions should continue…
YOUR SUGGESTIONS ARE
WELCOME

BIZ MAZE 2009