Vol. 2 No. 05 (2013)
Articles
Issues related to retail pass-through receives much attention of both academics and business practitioners. Both analytical and empirical works have been done to characterize and documents the retail pass-through rates. However, little attention has been paid to the change of retail pass-through when a retailer introduces a store brand. Using evidence from scanner data, we investigate empirically the effects of store brand entry on retail passâ€through. We show that the entry of store brand is generally accompanied by reductions in retail passâ€through and that there are substantial variations in the reductions. We then examine the determinants of the magnitude of fall in pass-through, and we find evidence that the variations in pass-through changes are related to brand-specific and manufacturer-specific characteristics. In particular, retail pass-through reduces by a smaller magnitude for brands offering larger product varieties, belonging to a dominant manufacturer, having a greater margin against the retailer, and positioning at the higher-tier of market.
Risk Management in business is as old as Business Management. It is a technical subject. It is a normative science. It prescribes solutions to the problems rather than describing problems. Risk Management has four phases. They are: (a) Identification of Risk, (b) Measurement of Risk, (c) Monitoring and follow up action, and (d) Controlling of Risk.
India is becoming most favored retail destination in the world. Today retail sector contributing 10% to country’s GDP. Indian retail industry is ranked among the ten largest retail markets in the world. The change of attitudes of Indian consumers and the emergence of organized retail formats have transformed the face of retailing in India. Organized retailing offers huge potential for future growth of retailing in India. This paper provides information about the growth of retailing in India. And also focuses on the challenges faced by organized retail sector in India. It also emphasize on major players of retailers in India and customer services provided by the retailers. This paper also deals with various retail formats and the opportunities for the growth of retail industry in India and also provides some suggestions to overcome the challenges.
Foreign Direct Investment (FDI) is considered to be the lifeblood of economic development especially for the developing and underdeveloped countries. It plays an important role in the long-term development of a country not only as a source of capital but also for enhancing competitiveness of the domestic economy through transfer of technology, strengthening infrastructure, raising productivity and generating new employment opportunities. Allowing FDI proves good as improvements in supply chain technologies and informational externalities to local players and competitive dynamics that could benefit consumers and suppliers. Competition is best for consumers as it gives them variety, better prices and better quality. It may give domestic producers an incentive to become more efficient. FDI in retail sector can expand markets by reducing transaction and transformation costs of business through adoption of advanced supply chain and benefit consumers and suppliers. FDI in multi-brand retail will support the government’s role of achieving remunerative prices for farmers and will also increase quality and choice for India’s increasingly sophisticated consumer base. An incredibly high percentage, 40% of food is lost in India due to the lack of cold storage and the lack of quick transportation. This is one of the very important benefits of multi-brand retail that they brought across the world in supply chain. FDI is expected to bring the investment and expertise necessary to modernise and develop the farm and manufacturing sector. The prospect of higher growth in the food and grocery is particularly attractive because over fifty per cent of India’s workforce is employed in the farm sector. FDI increases the level of competition in the host country. Other companies will also have to improve on their processes and services in order to stay in the market. FDI enhanced the quality of products and services. FDI has also ensured a number of employment opportunities by aiding the selling up of industrial units in various corners of India.
The process of globalization is an inevitable phenomenon in human history which has been bringing the world closer since the time of early trade and exploration, through the exchange of goods, products, information, jobs, knowledge and culture. Globalization is the process of integration of the world into one huge market. It provides several things to several people with removal of all trade barriers among countries. Globalization happens through three channels: trade in goods & services, movement of capital and flow of finance. Globalization in India is generally taken to mean ‘integrating’ the economy of the country with the world economy. The real thrust to the globalization process was provided by the new economic policy introduced by the Government of India in July 1991 at the behest of the IMF and the World Bank. Globalization has led to an ‘Unequal Competition’- a competition between ‘giant MNC’s and dwarf Indian enterprises’. The small scale sector is a vital constituent of overall industrial sector of the country. The small scale sector forms a dominant part of Indian industry and contributing to a significant proportion of production, exports and employment. Therefore, there is a need to study and analyze the impact of globalization on Indian Small Scale Industries. This paper focuses on the implication of Globalization; analyze the performance of small scale industries based on number of units, employment, production, investment and exports on post liberalization.
India needs to create 1-1.5 crore (10-15 million) jobs per year for the next decade to provide gainful employment to its young population. Accelerating entrepreneurship and business creation is crucial for such large-scale employment generation. Moreover, entrepreneurship tends to be innovation-driven and will also help generate solutions to India’s myriad social problems including high-quality education, affordable health care, clean energy and waste management, and financial inclusion and Innovation are at the heart of the spirit of enterprise. It means striving to perform activities differently or to perform different activities to enable the entrepreneur deliver a unique mix of value. This paper is mainly discussed the role of creativity and innovations in entrepreneurship. Finally, the authors made some concrete suggestions for improving the creativity and innovations in entrepreneurship.
This article will discuss the Japanese work culture, its advantages and shortcomings. Emphasis is placed on the unique and productive industrial relations in the country, which are the fruits of an ancient tradition that views work as a privilege and not only an obligation. The article presents unique outlooks on business conduct in Japan, including reasons having to do with human capital, which are unique to this culture. Such conduct can serve as a living example for other economies. Even in this country one hears about mistakes made in business conduct but there is no doubt that the special human relations in this work culture are part of the reason for the economy’s success, strength and uniqueness.
 This article will, therefore, explain the work culture that existed in Japan prior to its most recent fall into an economic recession.
               One of the important principles in Japan is the virtue of work. Japan’s approach to work involves paying attention to the needs of the employee. A company owner or manager in Japan generally sees himself as responsible for his employee not only at the limited work level, but overall he is also concerned for his employee’s personal and familial welfare. This is in contrast to the American outlook, for example, which holds great consideration for the interests of the company’s shareholders in order to maximize their profits.
This study tries to evaluate the performance of Indian tyre industry in terms of various financial indicators, sales trend, production trend, export trend etc for the period of 2003-04 to2011-12.The result suggests that the tyre industry has been passing through turbulent phases characterized by enhanced debt burden, low utilization of assets, and above all, huge liquidity crunch . The key to success in the industry is to improve labour productivity, labour flexibility, and capital efficiency.