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At this place students find the answer of their professional course syllabus. We have find lots of issues related to their exams in an easy language.

Professional Shiksha is for all Professional student. We are working on every aspect of theoritcal work of those student gradually and very soon they will get most out of their syllabus.

Saturday 31 October 2015

McClelland theory of motivation

McClelland says that, regardless of our gender, culture, or age, we all have three motivating drivers, and one of these will be our dominant motivating driver. This dominant motivator is largely dependent on our culture and life experiences.
These characteristics are as follows:
Dominant Motivator
Characteristics of This Person
Achievement
·         Has a strong need to set and accomplish challenging goals.
·         Takes calculated risks to accomplish their goals.
·         Likes to receive regular feedback on their progress and achievements.
·         Often likes to work alone.
Affiliation
·         Wants to belong to the group.
·         Wants to be liked, and will often go along with whatever the rest of the group wants to do.
·         Favors collaboration over competition.
·         Doesn't like high risk or uncertainty.
Power
·         Wants to control and influence others.
·         Likes to win arguments.
·         Enjoys competition and winning.
·         Enjoys status and recognition.
Note:
Those with a strong power motivator are often divided into two groups: personal and institutional. People with a personal power drive want to control others, while people with an institutional power drive like to organize the efforts of a team to further the company's goals. As you can probably imagine, those with an institutional power need are usually more desirable as team members!

Examples of Using the Theory

Let's take a closer look at how to manage team members who are driven by each of McClelland's three motivators:

Achievement

People motivated by achievement need challenging, but not impossible, projects. They thrive on overcoming difficult problems or situations, so make sure you keep them engaged this way. People motivated by achievement work very effectively either alone or with other high achievers.
When providing feedback, give achievers a fair and balanced appraisal. They want to know what they're doing right – and wrong – so that they can improve.

Affiliation

People motivated by affiliation work best in a group environment, so try to integrate them with a team (versus working alone) whenever possible. They also don't like uncertainty and risk. Therefore, when assigning projects or tasks, save the risky ones for other people.
When providing feedback to these people, be personal. It's still important to give balanced feedback, but if you start your appraisal by emphasizing their good working relationship and your trust in them, they'll likely be more open to what you say. Remember that these people often don't want to stand out, so it might be best to praise them in private rather than in front of others.

Power

Those with a high need for power work best when they're in charge. Because they enjoy competition, they do well with goal-oriented projects or tasks. They may also be very effective in negotiations  or in situations in which another party must be convinced of an idea or goal.


Tuesday 20 October 2015

Models of Human Resource Management

The Human Resource Management model contain all human resource activities. When these activities are discharged effectively, they will result in a competent and willing workforce who will help realize organizational goals. There is another variable in HR models - environment. It may be stated that the Human Resource function does not operate in vacuum. It is influenced by several internal and external forces like economic, technological, political, legal, organizational and professional conditions.
They provide an analytical framework for studying HRM ( for example, situational factors, stakeholders, strategic choice levels, competence).
They legitimize certain HRM practices; a key issue here being the distinctiveness of HRM practices: "It is not the presence of selection or training but a distinctive approach to selection or training that matters."
They provide a characterization of HRM that establishes variables and relationship to be researched.
They serve as a heuristic device -  something to help us discover and understand the world of explaining the nature and significance of key HR practices.
Following are major HRM Models:
·         Matching Model of Fombrun, Tichy & Devanna
·         The Harvard Model
·         The Guest Model
·         The Warwick Model


1.   Matching Model of Fombrun, Tichy & Devanna:
This model held that HR system and the organizational structure should be managed in a way that is congruent with organizational strategy. Main focus was on the four functions of HRM i.e. selection, appraisal, development and rewards and their inter relatedness.

This is the first and very simple model that serves as a heuristic framework for explaining the nature and significance of the key HR activities. But it is incomplete as it focuses only on four functions and ignores all environmental and contingency factors that impact HR functions.

2.    The Harvard Model:
The harvard model claims to be comprehensive in as much as it seeks to comprise six critical components of HRM. The dimensions included in the model are: stakeholders interests, situational factors, HRM policy choices, HR outcomes and long term consequences.
The Stakeholders interests recognize the importance of 'trade offs' between the interests of the owner and those of employees. Trade offs also exists among other interest groups. But this is the challenge of HR manager, who needs to balance the interests of all stakeholders.
The Situational Factors influence management's choice of HR strategy. the contingent factors included in the model include work force characteristics, management philosophy, labour market, task, technology and laws and social values.
HRM Policy Choices emphasize the management's decisions and actions in terms of HRM can be fully appreciated only if it is recognised that they result from an interaction between constraints and choices. This model outlines four HR Policy areas:
Employee Influence - delegated levels of authority, responsibility, power etc.
HR Flows - recruitment, selection, promotion, appraisal, termination etc.
Reward System - Pay system, motivation etc.
Work System - design of work and alignment of people
These HRM policy choices lead to 4 Cs of HR Policy Outcomes, that have to be achieved:
Commitment
Congruence
Competence
Cost Effectiveness

Beer et al (1984)  proposed that long term Consequences  both benefits and costs of HR policies should be evaluated at three levels: Individual, Organizational and Societal. These in turn should be analyzed using the 4 Cs.
The Feedback Loop is the sixth component of the Harvard Model. as was stated above, situational factors influence HRM policy and choices, and are influenced by long-term consequences. Similarly, stakeholders interests influence HRM policy choices, and in turn, are impacted by long-term consequences (see Figure)



3.    The Guest Model:
It was developed by David Guest in 1997 and claims to be much superior to other models. This model claims that the HR manager has specific strategies to begin with, which demand certain practices and when executed, will result in outcomes. These outcomes include behavioral, performance and financial related. (See Above Figure).

The model emphasizes the logical sequence of six components i.e. HR strategy, HR practices, HR outcomes, Behavioral outcomes, Performance outcomes and Financial outcomes. Looking inversely, financial results depend on employee performance, which in turn is the result of action oriented employee behaviors. Behavioral outcome are the result of employee commitment, quality and flexibility, which in turn are impacted by Hr practices. HR practices need to be in turn with HR strategies which are invariably aligned with organizational strategies.


4.    The Warwick Model:
This model was developed by two researchers, Hendry and Pettigrew of university of Warwick (hence the name Warwick model). Like other models, the Warwick proposition centres around five elements (See Figure):
Outer Context (macro environmental forces)
Inner Context (firm specific or micro environmental forces)
Business Strategy Content
HRM Context
HRM Content
This model takes cognizance of business strategy and HR practices (as the Guest Model), the external and internal context (unlike the Guest Model), in which these activities take place, and the process by which such changes take place, including interactions between changes in both context and content. the strength of the model is that it identifies and classifies important environmental influences on HRM. It maps the connection between the external and environmental factors and explores how HRM adapts to changes in the context. Obviously, those organisations achieving an alignment between the external and internal contexts will achieve performance and growth.


Saturday 3 October 2015

Top IT Companies with revenue genration

1. TCS - Tata Consultancy Services
Tata Consultancy Services, founded in the year 1968 is headquartered in Mumbai, India.
 Revenue: Rs. 64672.93 Crore
Net Profit: Rs. 18474.92 Crore
Market Capitalisation: Rs. 487919.14 Crore
Home to more than three lakh people TCS is placed among the most valuable ‘Big4’ IT Service brand Worldwide. It has been the face of Indian IT Industry. TCS provides umbrella of services to its customer some of which are Performance Management, Business Process Service, Consulting, Enterprise Solutions, iON Small and Medium Enterprise, IT Services. TCS BaNCS, TCS MasterCraft, TCS Technology Products are some of its well-known software. TCS, leading the way for Indian IT firms has also made in the Top 100 Brand Finance List in the USA. In the recent accolades TCS was ranked number 1 IT Service provider for Manufacturing in Europe, Middle East and Africa by International Corporation in 2014.



2. Infosys
Infosys, founded in the year 1981 has been headquartered in Bengaluru, India.
 Revenue: Rs. 44341 Crore
Net Profit: Rs. 10194 Crore
Market Capitalisation: Rs. 221528.83 Crore
It is a home to more than 175000 people with many famous Indian personalities coming from its structure like Mr. Narayan Murthy, Nandan Nilekani to name a few. It is a major powerhouse that operates into business consulting, information technology, software engineering and outsourcing services. Presently headed by Vishal Sikka, Infosys has signed an MOU with local Chinese provincial to open first overseas campus in China. Infosys has nearly 890 clients across 50 countries according to latest data known till 31st March, 2014. It can boost of world’s largest corporate university in Mysore. It get ranked constantly in the world’s top 20 most innovative companies list brought out by Forbes and green companies ranking by Newsweek.


3. Wipro
Wipro, founded in 1945 entered into the IT domain in the year 1980 and since then has become one of the biggest IT Company in the world.
 Revenue: Rs. 38757.2 Crore
Net Profit: Rs. 7387.4 Crore
Market Capitalisation: Rs. 132380.73 Crore
Headquartered in Bengaluru, India it is headed by Azim Premji, It was the first software company to get SEI CMMI Level 5 back in 2002. It has been accredited with many first in IT Industry like introducing Lean Management in Service Industry. Home to more than 1 lakh 50 thousand people, Wipro Technologies Applying Thoughts has lead it to be one of the most preferred IT vendors. Cognitive Systems, Smart Devices, Man-machine Interface are few of the future drivers it has been focusing on. Wipro has been selected by DJSI as World Member for the fifth consecutive year and is also recognised with prestigious Golden peacock Award 2014 in the category of ‘Innovative product/Service’ for Wipro’s Assure Health Solutions.


4. HCL Technologies
HCL Technologies, founded in the year in 1976 by Mr. Shiv Nadar is headquartered in Noida, India.
 Revenue: Rs. 16497.37 Crore
Net Profit: Rs. 5984.62 Crore
Market Capitalisation: Rs. 129933.28 Crore
HCL has offices in around 35 countries globally and is home to hundred thousand people. Various business lines in which HCL has its presence are Business Services, Custom Application Services, Engineering R&D, Enterprise Transformation Services and IT Infrastructure Management Services. As part of their growth strategy they have alliances with nearly 100 companies in various technological areas which act as a mutual beneficial experience. Their global strategic alliances covers 360 degree relationships across multiple geographies and industry verticals. It has been rated as a leader in IDC SAP Marketplace, Cloud Services Marketplace.



5. Tech Mahindra
Tech Mahindra, founded in the year 1986 is headquartered in Pune, India.
 Revenue: Rs. 16295.1 Crore
Net Profit: Rs. 2685.5 Crore
Market Capitalisation: Rs. 58621.88 Crore
It is home to nearly 98000 people and has its presence across 51 countries with CP Gurnani as its Present CEO. It is SEI CMMi Level 5.OrderFix, mEMS, Socio, Tecnico, OrderVu are various platforms which Tech Mahindra expertise into. Solutions and Services Provided by Tech Mahindra includes Consulting, Enterprise Business Solutions, Mobility and Integrated Engineering Solutions, Product Life Cycle Management. With Anand Mahindra as it Chairman, the company is under a safe and ethical business person who shall leave no stone unturned to take the companies to more glorious heights. It is recipient of various awards with the important ones being Golden Peacock Award, Leader in Excellence in IT etc.


6. Oracle Financial Services
Oracle Financial Services, founded in the year 1990 is headquartered in Mumbai, India.
 Revenue: Rs. 3159.47 Crore
Net Profit: Rs. 1148.36 Crore
Market Capitalisation: Rs. 29538.11 Crore
It is said to be a subsidiary of Oracle Corporation with focus being as an IT solution provider to the Banking Industry. Its present CEO is Mr. Chaitanya M Kamat and the company is home to nearly nine thousand employees. It is present in nearly 145 countries. Oracle Financial Services has various business products such as Oracle FLEXCUBE universal Banking Suites, Oracle Financial Services Analytical Applications for Customer Insight, Infrastructure, Enterprise Risk Management, Financial Crime and Compliance Management and Financial Services Data Warehouses. It also won the Fraud and Financial Crime Software Provider of the year-2014.



7. Mindtree
Mindtree, founded in the year 1999 by ten IT professionals is headquartered in Bengaluru, India. Its present CEO is Krishnakumar Natarajan.
 Revenue: Rs. 3031.6 Crore
Net Profit: Rs. 451.2 Crore
Market Capitalisation: Rs. 11148.64 Crore
Its employee stands at around 14000 employees. It has presence in eight countries apart from India. Application Development and Maintenance, Data Analytics, Digital Services, EAI BPM, Engineering R&D, Enterprise Application Services, Independent Testing, Infrastructure Management Services are few of the services it expertise into with industries like Banking and Capital markets, Consumer Devices and Electronics, Manufacturing, Insurance, Media & Entertainment, Retail being its major focus. Mindtree was named a leader in Zinnov’s Global R&D Services Provider Ratings for the third year in a row.


8. Mphasis
Mphasis, incorporated in the year 2000 is headquartered in Bengaluru, India.
 Revenue: Rs. 1328.97 Crore
Net Profit: Rs. 223.08 Crore
Market Capitalisation: Rs. 8132.48 Crore
Balu Ganesh Ayer is the present CEO of the company which homes to around 48000 people. It has its presence in tier II cities in India such as Vadodara, Indore, Bhubaneswar, Pune etc apart from being present in metros such as Chennai and Mumbai. It also has more than 30 office globally in 19 countries with Hewlett Packard being its largest client. The Industries it expertise in involves Banking and Capital Markets, Insurance and enterprises such as Energy, Healthcare, Hospitality, Life Sciences, Manufacturing, Media & Entertainment, Telecom and Government. With its Solutions such as Billing as a Service, Digital Customer Experience, NextAngles, Protecht Mphasis is making good stride in the field of technology. Its recent award involve being recognised in 2015 Innovation and Excellence Award for Global Technological Solution Services by Corporate Liveware.

9. Rolta
Rolta, founded in the year 1989 by Mr. Kamal K Singh is headquartered in Mumbai, India.
 Revenue: Rs. 1142.89 Crore
Net Profit: Rs. 459.39 Crore
Market Capitalisation: Rs. 1786.72 Crore
It is home to nearly 5000 employees and boosts of a very high profit margin as compared to its competitors. It has executed projects in more than forty countries and expertise in industrial verticals such as Utilities, Process, Transportation, Banking and Insurance, Power etc. Their growth strategy is a balanced focus on organic growth, joints ventures and acquisitions and believe in being an end to end solution provider. The company has a huge list of accolades with the major ones being the SAP Pinnacle award 2014, Oracle ‘Titan’ and Partner Excellence, and Municipalika 2014 Award for best range of municipal Solutions. Some of the solutions they expertise into are BI and Big Data Analytics, Cloud, Geo Spatial Solutions, e-governance, safety and security.


10. Cyient
Cyient, previously known as Infotech Enterprises, was founded by Mr. B.V.R. Mohan Reddy in the year 1991 and is headquartered in Hyderabad, India.
 Revenue: Rs. 1224.49 Crore
Net Profit: Rs. 254.91 Crore
Market Capitalisation: Rs. 5725.92 Crore
It is home to more than 12000 employee and has it presence in nearly twenty countries with 38 offices globally. The company generally acquires other companies as part of its growth strategy with Rangsons Electronics being its latest acquisition in 2015. The company expertise in Outsourcing activities and has clients from diverse Industries such as aerospace & defense, consumer, energy, transportation, communications, navigation, off-highway, oil and gas, mining, medical etc. The company has been recently awarded with ICSI National Award for Excellence in Corporate Governance 2014.

Top IT companies in India

·         As per NASSCOM in the year 2013 – 14 here is the rating of some top IT companies in India
S.No
Company Name

1
Tata Consultancy Services Ltd

2
Infosys Ltd

3
Wipro Ltd

4
HCL Technologies Ltd

5
Tech Mahindra Ltd1

6
L&T Infotech

7
Syntel Ltd

8
MphasiS Ltd

9
Genpact India Pvt. Ltd.

10
iGate

11
MindTree Ltd

12
KPIT Technologies Ltd

13
Zensar Technologies Ltd

14
Hexaware Technologies Ltd

15
Cyient

16
NIIT Technologies Ltd

17
Infinite Computer Solutions (India) Ltd

18
Persistent Systems

19
Geometric Ltd.

20
MASTEK Ltd



1 Includes Mahindra Satyam and Tech Mahindra as they are now a combined entity
Note: Note: This list does not include some companies whose corporate headquarters are located outside India, but have significant India-centric delivery capabilities, and have not shared their India-centric revenue figures. Had they been ranked based on their India revenues, companies such as Accenture, Cognizant, HP, Capgemini, and IBM and would have also appeared in this ranking. Previously ranked companies CSC, Robert Bosch, Polaris and CGI have not shared their data this year, hence do not feature in the rankings this year.

Thursday 17 September 2015

Virtual vs Network Organization structure

Virtual Organizations
A firm that contracts out almost all functions. The only function retained by the organization is the name and the coordination among the parties. A virtual organization might not have even have a permanent office.

The concept of virtual organization or corporation has entered the field of management very recently. It is a networked organization and its various components are linked through communication network only. Virtual Corporation is a temporary network of independent companies-suppliers, customers, even erstwhile rivals linked by information technology to share skills, costs and access to one another’s markets. It will have neither central office nor organization chart. It will have no hierarchy, no vertical integration.

Especially common in the fashion industry where you can have clothing labels that are just that. Say the label is "John Taylor". The label has a clear identity in the public eye, but when you try to track down the John Taylor company, you find there are no John Taylor designers, no John Taylor manufacturers. It's just 3 people in an office subcontracting out all functions.
It is a network of firms held together by the product of the day. An open-ended system of ideas and activities and firms.



Network Organizations

A network organization is a collection of autonomous firms or units that behave as a single larger entity, using social mechanisms for coordination and control. The entities that make up a network organization are usually legally independent entities (separate firms) but not always. Some of the entities may be wholly owned subsidiaries. They can even be divisions within the company, but treated as separate companies that sell to outside customers.

This design is the combination of different types of organizations whose actions are coordinated by contracts and agreements rather than through a formal hierarchy of authority. Usually one firm takes the lead in creating the network. This design consists of several satellite organisations clustered around a core firm.

The core firm coordinates the network process and provides services with regard to specialized areas like marketing and product development, etc.


Network designs accommodate strategic alliances among competing firms and give quick response to threats and opportunities to the satellite organisations.




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