TITLE

Strategies and Procedures for Risk Management in Professional Accounting Firms: An Empirical Study

AUTHORS

SUSAN BANE ¹ & JOHN CURRIE ²

ABSTRACT

Formal approaches to risk management have potential to lead to more informed decision-making, for example, when a professional accounting firm is deciding whether or not to accept a potential client. This paper (which reports results of interviews with partners and senior staff in the "Big 4" professional accounting firms) presents evidence that these firms are taking an increasingly formal approach to risk management. Factors motivating this formalization are regulatory influences, the need to protect firms' reputations, and the effects of economic recession. Accounting firms' risk management strategies and procedures are focused on two main areas. The first area is the risk assessment ofpotential clients prior to acceptance. The second area is the design and implementation ofprescribed methods of working. To ensure that accounting firms' risk management strategies are implemented in practice, partners in these firms are held accountable for "implementation" (ensuring that prescribed risk management procedures are communicated to staff) and for "monitoring" (verifying that staff comply with the risk management procedures communicated to them).

Keywords: Risk management; strategies; professional accounting firms.

¹Lecturer in Accountancy and Finance at Cairnes School of Business and Economics, National University of Ireland, Galway, Ireland

²Lecturer in Accountancy and Finance at Cairnes School of Business and Economics, National University of Ireland, Galway, Ireland. e-mail: [email protected]

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TITLE

Managing & Recovery of Global Recession in India

AUTHORS

DR. ANOOP PANDEY ¹, & DR. NAVNEET GERA ²

ABSTRACT

A mere utterance of the word crisis is enough to make a person's face look gloomy which indicates sadness and serious state of mind. Several sectors of the world economy are really stricken badly by recession like IT, Finance, Export oriented industries, Aviation, Banking Insurance and the list goes on. In the current scenario, the word 'recession' has become synonymous with crisis, financial turmoil, job cuts, pink slips, unemployment, uncertain future etc. The term crisis can be seen in a much more detailed sense apart from these aspects. This research has been conducted to discuss the impact of global recession and the current economic down turn in Indian economy. The research will discuss the causes of recession in India, its impact on the Indian economy and different sectors like retail, automobile, real estate and aviation sector along with the methods and ways we have used to tackle the recession. To evaluate the effect on these four sectors, data of four big players like Shopper's Stop, Maruti Suzuki, Unitech Ltd and Jet Airways has been collected and chain index method is used to see the change in their profits.

Keywords: Global Meltdown, Strategies, Crises, Turmoil, Indian Economy

¹Associate Professor, Bharti Vidyapeeth University Institute of Management & Research, New Delhi.

²Associate Professor, Bharti Vidyapeeth University Institute of Management & Research, New Delhi.

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TITLE

Position of Women in Contemporary Society and their Career Problems

AUTHOR

AMAL.K.SAHA¹

ABSTRACT

In this study an attempt was made to investigate the position of women in Indian society and what are the problems they face in their career progression. The research findings suggest that significant numbers of Indian women are uneducated and not treated with dignity and respect like her counterpart. They are still traded, brutalized and neglected in the society at large. They are economically dependent on their father, husband and son in the course of their life. They are ignorant about their rights and are not allowed to take independent decisions. Indian women are family--oriented, and compromise their career with child bearing and family responsibilities. Even to-day most of the business organizations in India are not utilizing this untapped talent properly due to their conservativeness.

Keywords: globalization, gender stereotype, glass ceiling, economic independence, career advancement, gender inequality

¹Assistant Professor in Human Resource Management at Pailan College of Management & Technology, Kolkata

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TITLE

Developing Competitive Advantage Through Corporate Social Responsibility

AUTHOR

RUHI S. BAKHARE SINHA¹

ABSTRACT

In India many big Indian corporations are engaged in some or the other kind of CSR activities. Corporate social responsibility (CSR) is a term describing a company's obligation to be accountable to all of its stakeholders in all its operations and activities. CSR integrates social, ethical, environmental, economic and philanthropic values in the core decision making processes of a business. This paper will be based on number of published case studies / examples of Corporate Social Responsibility. The paper traces various areas of responsibilities of business and the reasons for the same. The paper emphasizes that for practicing CSR there is a need for deep shift in corporate culture, values, decision making process and behaviour. Charity is not the driving force behind the move of Corporate Social Responsibility. It also does not explain the social moves taken by the corporations. Rather the companies are merely trying to develop competitive advantage for their organizations through corporate social responsibility. .

Keywords: Corporate social responsibility, Business strategy, and Philanthropy

¹ Faculty at Dr. Ambedkar Institute of Management Studies and Research, Deeksha Bhoomi, Nagpur-10

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TITLE

The Internet, Cross-Channel Shopper, and Cross-Channel Retailing

AUTHOR

K.H. PADMANABHAN ¹

ABSTRACT

The Internet is an empowering technology. Nowhere is it more telling than in erasing the asymmetry of information as between retailers and shoppers. Newly informed and enabled, shoppers effortlessly move across channels and retailers in search of the best bargain forcing the retailers to respect and ease cross-channel shopping. This paper shows how cross-channel shopper behavior profile, their needs and expectations drive cross-channel retailing.

Keywords: Cross-channel, seamless shopping, retailing, branding, merchandising

¹Associate Professor, Marketing, University of Michigan-Dearborn, E-Mail: [email protected]

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TITLE

Factors Affecting Choice of Health Drinks for Children: An Empirical Study

AUTHOR

RAKHI DUTTA¹

ABSTRACT

Health food drinks are a common feature in all well to do families in urban India. This paper attempts to represent the major factors which affect the purchase decision making in case of health food drinks for children in Bhubaneswar and have been derived after examination ofpossible influencingfactors and data reduction. The paper provides insights into the probable strategies which may be adopted by marketers to appeal to the customers.

Keywords: health food drinks, consumer preferences, decision making behavior, influencing factors

¹Assistant Professor at Srusti Academy of Management, Bhubaneswar, Odisha. E-mail-rakhibhuyan@yaho o. co. in

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TITLE

IT Applications Improving Supply Chain Management in SMEs: A- Case Study of Selected Food Processing Industries

AUTHORS

ASHOK G. MATANI¹ MAHENDRA S. TRIPATHI ², & PALLAVI MATANI²

ABSTRACT

Newer technologies such as wireless communication systems and radio frequency identification (RFID) chips are improving the efficiency and effectiveness of inventory management in supply chains. Better communications allows the company to schedule its production and supplier order more efficiently, thus, maintaining lower number of parts. This paper highlights the impact of efficient and effective SCM towards improved inventory management in SMEs towards productivity enhancement.

Keywords: Logistics, productivity, inventory, supply chain.

¹Assistant Professor Govt. College of Engineering Chandrapur-442403, Maharastra. E-mail: [email protected]

²Doctoral Research Scholar at Government Polytechnic, Arvi -Wardha (M.S.) - India. E-mail: [email protected]

³Final Year- I.T. student, College of Engineering, Shivajinagar, Pune (M.S.) -India, Email: [email protected]

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