Journal of International Management
From the Desk of Editor-in-Chief
Most of us believe that management education must serve at least two important functions (i) it must serve a social purpose, be aimed at understanding the problems that confront society and (ii) research should open-up new vistas with futuristic perspectives. These two fundamental purposes require a continuing dialogue between teaching community and society. Not to mention that as in the past, Fortune Journal of International Management is committed to these two crucial aspects.
This issue deals with some of the management problems, not only of general nature, but also covers functional areas of financial management. Sudhindra Bhat’s paper deliberates on investment in securities. He describes that many of the researchers in securities market have attempted to understand the relationship between risk and returns and the way securities are priced in the market. Further, these researchers have constructed general equilibrium models of security prices and returns and debate on one of such models Capital Asset Pricing Model (CAPM) in the India continues.
His paper tests whether it holds in the Indian market by applying the test for the intercept and the slope of the standard form of CAPM. Ahindra Chakrabarti’s paper addresses issues of management control and the role of information system in facilitating the control process in MNCs. He has pointed out that the success of designing and implementing control systems depend on how the MNCs adapt themselves to various professional practices and cultures across the globe.
Brian L. McGuire and others argue that Six-sigma is an ideal tool for the companies striving to lower costs and increase profits. Their paper examines how an organization can benefit through each of its revenue producing departments.
India initiated its march on the path of liberalization, privatization and globalization since 1991 through a careful and gradual integration.
Paper by Pooja Arora identifies various inhibitors to this process and the likely impact of accession to General Agreement on Trade in Service (GATS) in the area of higher education. Another paper by Chandra Mohan gives specific focus on corporate success of leaders and managers.
Poornima Gupta in her paper attempts to study the perceptions of the appraisees on the effectiveness of the Performance Appraisal Process of the different levels of employees in the same organization.
There is also a growing realization among IT firms in India that human resources are the key to their success. Rey’s paper presents some empirical work on the internal functioning of firms in the software sector.
There has been a continuous endeavor to have a wider coverage to include articles dealing with management issues as well as cross-functional multidisciplinary research that reflects diversity in management. In this regard I take the opportunity of inviting all readers as well as management professionals to submit their paper and hence contribute to the continuous improvement and development of this Journal.
Dr. Sridhar Panda
