ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Personnel Management Practices in Indian Family Business A Case Study

Review of Management August 1981 the existence of restrictive practices is as much an indication of employees' unreasonableness as of management's permissiveness. It is, therefore, imperative that the banks should take up the matter in right earnestness without any further delay. The advantages of the joint declaration should be properly made use of. The spirit which led to the signing of this document at the industry level must percolate down to the bank and the branch levels. Mere dependence on the industry-wide setde- ment will not produce results; efforts should be made to develop inter- institutional relationships at each stage of the organisation's multi-unit structure. Then only will there be a climate of trust and co-operation in which both the management and the union will learn to respect each other's rights and obligations. The so-called restrictive practices will automatically disappear when the parties involved do not have any reservations about mutual competence and confidence. It is sincerely hoped that the banking industry will not miss the bus this time Personnel Management Practices in Indian Family Business: A Case Study K K Chaudhuri T K Barman This paper attempts to analyse personnel management practices in Indian family business and presents, in the process, a case study of such an enterprise based in Calcutta.

Managing the Board

S K Bhattacharya This paper considers some important questions concerning the composition, junctions and responsibilities of the Board of Directors in a company. Specifically, it goes into the question of the role and responsibilities of executive and non-executive directors of a Board, and the relationship between the Chairman of the Board of Directors and Us members.

Corporate Planning Styles in Public Sector

R C Sekhar The analysis of corporate planning styles in this paper follows the framework of J Friedman, a pioneer in cross-national or cross-cultural studies in corporate pluming styles. The paper draws a correlation between the expressions 'normative planning' and 'functional planning' used by Friedman and economic planners, on the hand, and 'strategic planning styles' and 'operational planning styles' used in managerial literature, on the other.

Regulation of Trade Association Activities

D P S Verma Trade associations have been instrumental in a number of restrict ire trade practices by various manufacturers or traders particularly price fixing in concert collective boycott, exclusion from association membership, and restricting persons to whom goods arc sold. Such associations mainly operated in the distributive trade of consumer goods and the provisions of commercial services such as transport, advertising and custom clearing and forwarding. The MR TP Commission has taken a serious view in all the cases of restrictive trade practices brought before it However, the number of trade associations whose activities have been examined by the Commission constitute an insignificant fraction of the total number of associations operating in India.

Debenture Season

THE Reserye Bank.has appointed a working group to examine the question of developing a secondary market for debentures which have of late become a growing source of finance for the corporate sector. A notable aspect of the Reserve Bank's monetary policies recently has been an attempt to replace discretionary controls with such non-discretionary instruments as interest rates. Reserve Bank has also moved in the direction of subjecting the nationalised banks to competition by encouraging the corporate sector to mobilise resources directly from the market through the medium of convertible and other debentures and through acceptance of public deposits.

Concept of Man in Management

Ishwar Dayal The concept of man in management has been influenced significantly by three considerations. First, the experience of practising managers. Second, the experimental, if limited, data from sociological research by early social scientists. Third, the interpretation of cumulative research data from experience and from behavioural scientists moving towards a more complex formulation about the nature of man.

Population Estimates for Corporate Sector-An Alternative Method

An Alternative Method N Shanta The current practice of making population estimates for the corporate sector based on paid-up capital coverage is questionable. The author suggests an alternative method which seeks to do away with some of the assumptions underlying the current method. Estimates made using the new method stand up better to comparison with other independent estimates than estimates prepared using the current method. Though it may not be the ideal solution, the new method thus seems to be based on firmer grounds than the current method.

Performance Budgeting in Indian Railways

The need for performance budgeting was recognised in the Indian railways as long ago as in 1927. For proper comparisons between budget estimates and actual results, it is necessary to have regard to the gross revenue upon which the estimated expenditures in the budget were based. It is necessary to separate between expenditures unaffected by annual and other variations in traffic earnings and expenditures which are so affected. Experience of earlier years makes it possible to differentiate between invariable and variable expenditures, A method has to be perfected whereby a more accurate idea can he obtained of the actual expenses as well as of what the budget estimate would have been had the actual variation in traffic receipts been known at the time the estimate was made.

Big Business, Influence-Generation, and Decision-Making in India

This paper attempts to summarise the findings of our research as regard the patterns of interaction between big business and the ruling elite of India, the form that such interaction takes, the determinants of the attitudes and behaviour of the two towards each other, and the impact that this interaction has on decision-making in the Indian political system. In the process, we have tested the prevailing notions about the political process in India as well as the conceptual frameworks provided by the dominant theories, in the light of the peculiar features of the Indian political system.

Environmental Rating of Mineral Deposits

Estimated Money Value (EMV) of the deposits of a mineral resource should be employed as only one of the criteria for evaluating the economic viability of the deposits rather than as the solitary yardstick for absolute rating and for investment prioritisation in view of the spatial disparity of the physical and cultural aspects characterising the deposits.

Property Power

THE Delhi Municipal Laws (Amendment and Validation) Bill, introduced in the Lok Sabha in the monsoon session last year, has gone into slow motion. This is thanks to the dust raised by the capital's property-owners. So firm has been the attack mounted on the bill and so loud


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