ENTERPRISING SEZ ENCLAVES AND ECONOMIC DEVELOPMENT IN INDIA
This paper is based on the premises of economic development through the creation of economic enclaves across the region-seeking industrialization in the context of India. The study suggests that Special Economic Zones policy has attracted a considerable amount of export-oriented investment and production, employment creation, and technical know-how. However, the policy has not met the desired results considering the objective of economic development. Assessment leads to understanding that competitiveness of domestic firms and linkages with foreign affiliates can be strengthened by the adoption of institutional re-structuring to create the conducive environment for further industrialization. It may lead to related spillovers to have positive impacts on the overall economy.
HOW FIRM'S PROFITABILITY IS ANALYZED IN RELATIONSHIP MARKETING
Said Echchakoui and Rachid Ghilal
While relationship marketing is viewed as an important driver in the development of the firm’s profitability, the condition of this profitability seldom receives much attention. In this study, we employ a dynamic exchange model between firm and customer to explore the conditions affecting the firm’s profitability from a relationship perspective. The application of this model reveals explicitly that relationship marketing is not always profitable. The firm-customer relationship profitability depends on the customer life value (margin and retention rate), the duration of the firm-customer relationship, and the marketing budget to retain the customer and the customer acquisition cost.
BAYESIAN AND EVT VALUE-AT-RISK ESTIMATES OF INDIA'S NON-FINANCIAL FIRMS
Pankaj Sinha and Shalini Agnihotri
The Companies Act 2013 has made it mandatory for firm’s Board of Directors Report to include a statement indicating elements of risk faced by companies. In the IMF report of March 2015, it is mentioned that India’s non-financial company’s external commercial borrowings rose by 107% between March 2010 to March 2014. The stress test based on exchange rate and profits demonstrated continuing high vulnerabilities of the firms. Looking at both the important factors, the current study estimates the Value-at-Risk (VaR) of 106 non-financial Indian firms. It is well a documented fact that return series is nonnormal, therefore taking bivariate distribution of return and foreign exchange rate. VaR is calculated using the extreme value theory method and Bayesian method. The results suggest that Bayesian method provides the best VaR estimates
DOES SHACHO-KAI CONTRIBUTE TO THE COMPETITIVENESS OF KEIRETSU NETWORK? A COMPARATIVE STUDY WITH THE CASE OF CHAEBOL
This study analyzes how the shacho-kai (presidents’ meeting) have contributed to the competitiveness of the Japanese keiretsu network. shacho-kai had been touched upon by various literatures as one of the important elements of the keiretsu, but there had been no attempt to analyze the shacho-kai in detail with comprehensive framework. Thus, this study analyzes the shacho-kai of Mitsubishi group by applying the ABCD model, which is a framework to explain competitiveness or the success factors and compare with the case of sajangdan-hoeui of Samsung, South Korea. Samsung’s sajangdan-hoeui has shown superiority in speed and diligence whereas shacho-kai of Mitsubishi was better in synergy creation and goal orientation factors.
EXAMINING THE EFFECTIVENESS OF THE MAKE IN INDIA INITIATIVE IN FOSTERING INNOVATION IN BUSINESS
Alka Pandita, Savita Gupta, and Ravi Kiran
The purpose of this research study is to understand how successful this Make in India initiative (MII) is after three years of its launch. The present paper is based on an exploratory study that has been carried out by collecting primary data to measure the viewpoint of the public. This helps the understanding of whether people consider MII as a long-term effort, therefore, to enable India emerge as a manufacturing hub. A structured equation modelling – partial least squares (SEM-PLS) model is developed related to the ease of doing business, impact of MII, policies undertaken, and performance outcomes under the MII project. The results of the study showed the parameters like impact of MII, ethical issues, and ease of doing business are related to outcomes of the project. This research study helps gain an insight into the environment in which business operates, understand what these factors represent and how these are accepted by the people in general.