Articles published in IJBMR

Volume 8, Issue 4 ( December 2020)

Solid Financial Reforms are Needed to Uplift the Distressed Real Estate Sector

After the pandemic COVID-19 breakout, there has been a significant decline in the property listings. Though the Centre has focused on the affordable housing space for reforms, there has been no visible reforms in view of the realty developers. Due to the recent moratorium imposed on the term loans, credit sources have been tightened for the realty developers coupled with other aspects. Given the difficulty in credit availing conditions in the sector, the article discusses the distressed funds as alternatives to uplift the sector. However, there are certain hurdles for the distressed funds in the form of capital structures to act quickly and operate efficiently. The article in this regard discusses certain changes in the regulatory framework that allows flexibility in the capital outlay in the residential real estate projects.

Read more

Rwanda: Lessons from Applied Intergovernmental Fiscal Equalization Formula

The study recommendations were entirely adopted by the government. The formula was used to allocate unconditional grants from the central government to LGs to improve service delivery and reduce poverty. The study also highlights that any successful transfer formula design depends on how the following are determined—the transfer pool, weights, proposed variables, and proxy indices—and how they enter the model.

Read more

Why the CROWN Act of 2020 must be Passed into Law

Black people are often burdened with having to decide between their natural hair and their employment. Media reports of late have uncovered that Black people of all ages and genders have faced the difficult choice of giving in to discrimination of their natural hair in school and at sporting events. The CROWN Act of 2020 was introduced as a response and a way forward in overcoming this burden. Furthermore, this legislation is an effort to educate the general public about the natural hair styles that are often seen as unkempt but are a proud aspect of Black culture. This paper will give the author’s perspective of the significance of this legislation and personal experiences that have formed these views.

Read more

The Antibiotic Resistance Crisis - An Indian Perspective

This research study reiterates the optimal usage of antimicrobial medicines in humans and animals to lessen antibiotic resistance. A primary survey was conducted to study an individual’s role in prevention and control of antibiotic resistance. It was found that antibiotics are being irrationally used and the efficacy of antibiotics, as previously transforming the medical sciences and saving lives of many is in danger due to the quick emergence of bacterial resistance. Extensive efforts are therefore required to manage crisis by implementing new policies and renewing research efforts. Additionally, there exists a dire need to educate patients and public regarding antibiotic resistance crisis.

Read more

Post- Crisis Leadership: How Leaders can Embrace Chaos

This article will discuss several main theories. Those theories include: Customer Relationship Management, Four Functions of Management and Servant Leadership. In a post-crisis pandemic, leaders must learn how to plan, organize, lead and control. The planning phase leads managers to develop an overall strategy by selecting goals, allocating resources and determining success rates of the plans to improve the overall strategy of the organization. During the second phase, organizing determines the organizational structure for executing the plans, assigns authorities, defines resource allocations and details how well tasks will be organized. In the third phase, leading will identify those who will head the plan and manage all tasks during implementation. Controlling is the last phase where continuous monitoring occurs surrounding goals completions and interventions.

Read more

Developing and Testing Influencers of Perception in the Workplace with the Perception Power Index (PPI)

Organizations utilize assessments to determine issues that impact productivity and performance. Although there are assessments that determine a variety of behavioral influences, including a cultural quotient (CQ) or an emotional intelligence quotient (EQ), there are few tools that can determine the impact of perception to provide a perception quotient (PQ). If perception can be defined as a way of regarding, understanding, or interpreting something, it is critical for organizations to recognize the impact perception has on employees’ ability to communicate effectively. A new tool, the Perception Power index (PPI), was created to assess the factors that impact perception in working adults, including evaluation, prediction, interpretation, and correlation. The validity of the PPI was evaluated using exploratory and confirmatory factor analyses. The factor analysis with Varimax Rotation indicated a Cronbach α of 0.89 for evaluation, 0.87 for prediction, 0.81 for interpretation, and 0.75 for correlation. Although other tools measure forms of perception, there are no tools that measure these four factors that impact the perception process. The results indicate that the PPI is a valid tool.

Read more

The Effectiveness of Ethics Training Strategies: Experiential Learning for the Win

Organizations place a great deal of emphasis on ethics, spending significant resources on ethics training initiatives. Research indicates the positive impact that ethical training has on a variety of organizational outcomes. However, in practice, ethics training efforts are often met with resistance and skepticism by employees. This cynicism may be merited and perceived failures in ethics training could be in part a function of the type of ethics training intervention they receive. This study examines the extent to which different types of training interventions impact participants’ moral judgment. Evidence suggests that experiential learning is superior to lecture, immersion, behavioral modeling, and role-play. This research contributes to the training and pedagogical literature. It provides evidence suggesting how higher education and industry may better equip students and employees for the ethical challenges they face in today’s workplace.

Read more

The Rise of Platform-based Models and its Impact on Banking and Financial Services

The banking and financial services industry is getting disintermediated. The platform model is disrupting almost every industry and banking and financial services industry is not an exception. Platform players are giving serious competition to the traditional banking and financial services players. The disintermediation of the vertically integrated value chain is altering the industry landscape across geographies. Amazon, Google, Apple, Facebook in North America and Alibaba, Baidu and Tencent in China are acquiring new customers and offering products and services on their ecosystem as Orchestrators, while their partners are taking advantage of the ecosystem and creating competitive advantage through their products and services. The disruption of the traditional vertically integrated industry structure looks real and may have reaching consequences. The cost advantage of the platform model will lure firms to be partners in this model. The network effect of the platform model makes it a sustainable business model with long term revenue opportunities. Traditional firms may need to alter the way they did business to survive the onslaught from platform players.

Read more