A survey of 759 graduating MBAs from 11 top U.S. business schools revealed that a company’s corporate social responsibility performance is a major factor when they select whom to work for, reports BusinessGreen.

The graduates expect to make an annual salary of $103,650 from their first employer, but 97 percent said they would be willing to sacrifice up to $15,000 to work for a company with an exemplary environmental performance, ethical business conduct and good employee and stakeholder relations.

The survey was conducted by David Montgomery of the Stanford University Graduate School of Business and Catherine Ramus of the University of California Santa Barbara. They used an anonymous online survey to limit bias in the survey.

Source : itbusinessedge.com

The need to set up a national-level statutory body for censoring advertisements has been stressed by the speakers at a seminar on `Misleading advertisements’ here recently.

They said constitution of a national level body had become necessary in the absence of a legal body vested with exclusive powers to deal with unfair advertisements.

Pointing out that countries like Britain had floated an exclusive statutory body like the `Advertising Standards Authority’ for effective censorship of advertisements, they wanted a similar unit to be constituted in India.

S. Pushpavanam, secretary, Consumer Protection Council, Tamil Nadu, which sponsored the seminar, said advertisements should furnish basic information like quality of the product, its price and performance. He said the Centre should evolve a code for checking any attempt to exploit the consumers.

S. Sundar, Head, Department of Management Studies, Shrimati Indira Gandhi College for Women, said advertisements should contain all relevant information, particularly when a dealer or firm offers special concessions in the form of rebates. Vague terms like `till the stock lasts’ or `conditions apply’ should be avoided and instead the quantum of stock available and the details about terms and conditions should be specifically spelt out.

Ganga Vidhya, a representative from the Advertising Standards Council of India, Mumbai, said the council initiated action based on genuine complaints against unfair advertisements.

The Director, Mudra Communications, Millind Jhadav, spoke on various advertisement techniques followed by ad agencies.

A resolution was adopted urging the Central government to form a legal body to censor advertisements.

A new forum called `Ad-watch’ comprising all those present as members and three co-ordinators, including Ganga Vidhya, was floated on the occasion. The public could contact `Ad-watch’ in connection with any advertisement-related complaints and clarifications.

The forum would contact its members through E-mail and initiate action against unfair advertisements, according to Mr. Pushpavanam.

In India, activities related to CEDAW began around Beijing. During 1998, with efforts by the IWRAW Asia-Pacific, a group of activists, lawyers and supervisory institutions in India was the fulfilment of their obligations under the CEDAW on a project entitled “To facilitate the performance of government bonds to equal Woman” (to facilitate Project). The first draft of the action, it was to research and write provisional below indicate reports necessary baseline data to determine the woman and contributory causes and gaps in India, the performance of his duty. Three themes were reports: 1) Women’s political participation, 2) The armed conflict in the region North-East, and 3) Article 16 of CEDAW-Convention on women’s rights in marriage, including India made a statement. (1) The research, in order to sufficient information for the development of alternative report, if the CEDAW Committee considered the report of the State. (2)

The development of an alternative report of the NGO Committee on CEDAW

If India was expected, its first report to the CEDAW Committee in January 2000 in New York, it was only news that women’s NGOs should be an alternative report. A central team has already been monitoring the implementation of CEDAW, so that NGOs to facilitate the task. Sixteen groups have been instructed to familiarize themselves with the various articles of the Convention. The alternative to the assessment report of the factual situation (see definitions P.11) women’s equality and non-discrimination as enshrined in CEDAW. To improve the consultation process, a national conference with nongovernmental organizations from all over India took place at the conclusion of the report of the substance and awareness of the importance of the Convention, its reports and flows such as NGOs May, in other reports. Relevant was invited leaders of government, so that they benefit from the discussions. The whole process involved:

1) a day of orientation for NGOs and government representatives on the convention, principles and scope of government commitment [on 13 November 1999, UNIFEM, South Asia, IWRAW Asia - Pacific and the National Alliance of Women (NAWO), where exchanges of experiences in Sri Lanka, Nepal and Bangladesh, whose reports have already been verified

Max New York Life Insurance Company of Gurgaon 20 ranking of India is the first list of Top 25 Great Places to Work.

The list was based on a survey of five months Grow talent company Delhi, in collaboration with Business World and Great Place to Work Institute Inc. The Great Place to Work model focuses on the staff, who to say about their workplaces.

It focuses on three main parameters of confidence (Do you have confidence in the people with whom you work?), Pride (pride, what you are doing?) And camaraderie (such as people with whom you work?). The survey of 20000 employees in 120 sites and participation was voluntary. Max New York Life employs 743 people in 18 sites. There were three women in senior management level and eight people, more than 44 years. Turnover rate is 26 percent. On a scale of five, the company had a rating of three on the four main parameters of fun working space, the development opportunities of camaraderie and pride. The company carefully implemented its philosophy to reward good performance. Agents and employees of the company with a lot of money, recognition of specific training and other rewards if they do well. The objectives are steep, 100 percent annual growth at all levels and latecomers will not be retained. Key Result Areas (kras) frameworks are available on intranets companies.

Max New York Life Insurance Company of Gurgaon 20 ranking of India is the first list of Top 25 Great Places to Work.

The list was based on a survey of five months Grow talent company Delhi, in collaboration with Business World and Great Place to Work Institute Inc. The Great Place to Work model focuses on the staff, who to say about their workplaces.

It focuses on three main parameters of confidence (Do you have confidence in the people with whom you work?), Pride (pride, what you are doing?) And camaraderie (such as people with whom you work?). The survey of 20000 employees in 120 sites and participation was voluntary. Max New York Life employs 743 people in 18 sites. There were three women in senior management level and eight people, more than 44 years. Turnover rate is 26 percent. On a scale of five, the company had a rating of three on the four main parameters of fun working space, the development opportunities of camaraderie and pride. The company carefully implemented its philosophy to reward good performance. Agents and employees of the company with a lot of money, recognition of specific training and other rewards if they do well. The objectives are steep, 100 percent annual growth at all levels and latecomers will not be retained. Key Result Areas (kras) frameworks are available on intranets companies.

The new admission policy adopted by the Indian Institute of Management, Lucknow (IIM-L), has resulted in high “admission acceptance rate”. In 2007, the last admitted candidate was ranked 85th on the waiting list, but this year the rank has dropped to just 25. The fact assumes importance because IIM-L has increased the number of seats from 270 to 330 this year but, despite that, it has managed to fill seats quite easily compared to last year.

The final selections, as per the admission policy 2008, have been done after taking into account the performance of the candidates right from class X till graduation, Combined Admission Test (CAT) results, group discussion and personal interview (GDPI) and work experience. “The comprehensive evaluation also provided us better candidates to select from,” Prof SKB Nair, chairman admissions, told TOI.

The selection was done in two stages. In the first stage, candidates were assessed on a five-point scale that included CAT 2007 score (30%), class X marks (5%), class XII (5%), graduation marks (5%) and experience profile (5%). The experience profile was rated on the basis of the period of work experience in months. Lowest 0.5 marks were given for 9-11 months work experience and highest five marks were allotted for work experience of 72 months or more.

In the second stage that was also on a five-point scale, candidates were assessed on the basis of their written ability test (10%), group discussion (10%), personal interview (20%), quality of academic qualification (5%) and quality of work experience (5%). Sum of all the 10 components (stage one and two take together) were taken for a final score of the candidates for preparing merit list for the final selections. Of 1586 candidates called for GDPI, 375 had been called exclusively by IIM-L.

The main list declared by GDPI had 734 candidates, including SC/ST, OBC and physically-challenged. Besides, a waiting list of 200 candidates, only for general category, was also declared. As a back up plan, a list of 80 OBC candidates was released after Supreme Court’s OBC quota verdict. GDPI of these 80 OBC candidates were held in Delhi on May 16 and 17. “Since we had more number of candidates who got calls only from IIM-L, the acceptance rate was high,” explained Prof Nair. Classes will start at IIM-L by June 26. However, candidates will be accommodated till June 30, as many change from one IIM to another till the last moment.

Another reason, according to the faculty members, for ‘high acceptance rate’ could be that IIM-L was one of the most affordable among all IIMs. The fee hike for the session 2008-09 in PGP course had been only Rs 50,000 (from Rs 2 lakh per annum to Rs 2.50 lakh). Further, the institute had given need-based scholarships worth Rs 48 lakh to 86 students in the previous session, the highest among all IIMs as per the officials. The scholarship amount may go up even further in the coming session.

More : timesofindia.indiatimes.com

More than 500 teams and 3,000 participants across the country have participated in Indian Institute of Management Bangalore (IIMB) Annual Management Fee Festival, Vista, 2004, held on 5-7 November.

Participants included the management of students, academics and practitioners in this field. This year was the conclusion Publishing Strategise - Performance - Innovate anthology with the last three form the theme of this year’s events.

The festival saw the introduction of a new idea for the promotion of innovative enterprises in the country and also a year so far in the council unerprobten. NS Raghavan Cell to learn, an incubation period of the cell IIMB, innovation launched Exchange, a marketplace for ideas on the event.

For the first time the concept of Distributed Consulting has been experimented with Live case. Open Source or distributed Consulting aims to use resources such as the various talents of students and professionals to submit an upcoming event, with innovative strategies for participating companies. This year, the National Kidney Foundation, Singapore, Cavin Kare Kanbay and its problems, in the form of cases and participants were invited to analyze and solutions.

The event was a loudspeaker Series titles with Dr Bhaskar Chakravorti, partner, Monitor Group, Dr Anji Reddy, founder, Dr. Reddy Laboratories, and Mr. Som Mittal, World Wide Head, Application Services, Hewlett-Packard.

Other events included games in the areas of marketing and finance paper presentations, a company set business strategy and a quiz. XLRI, Jamshedpur of all was declared the winner and was at the age of Vista Trophy.

The Office of the Director General of Foreign Trade (DGFT) has a player for the creation of State Export-wise data which will help in the process of distribution of credits under the system of assistance to states for infrastructure and Export Development (ELIMINATION) Based on an individual export performance.

This was announced by Mr. L. Mansingh, DGFT in a one-day interactive session on “Eximbank as engines of growth” organized jointly by the Kerala Industrial Infrastructure Development Corporation (Kinfra), Trivandrum of the Chamber of Commerce and the National Institute of Personnel Management (NIPM ).

Mr. Mansingh was seen as a response to a few points above that of Mr. Gopalkrishna Pillai, Principal Secretary to the Chief Minister, said that governments of countries is not yet able to take advantage of what are widely through initiatives such as promoting export processing zones (EPZ) And Special Economic Zones (SEZs) in spite of “sacrifice” their own interests on the altar of the central government amenities.

The development, Mr. Pillai said that States had land and other infrastructure of these mega-projects and has even announced various taxes and fees franchises.

States should, quite rightly, for their efforts was also central to benefit from currency and other trade products, these specific areas, he added.

In his response, Mr. Mansingh said that the system has been specially ELIMINATION say to ensure a greater role for states in export promotion as part of the country’s efforts for a cumulative amount of $ 82 billion in 2007.

India’s share of world trade implies that currently 0.67 percent to one percent in a respectable during this period.

To that end, exports are growing, paid to average annual growth rate (CAGR) of 11.9 per cent.

At current growth rates of the year 2007 is eminently expects to achieve after the DGFT.

Under the scheme ELIMINATION, 80 percent of funds are sought, provided the related export of their individual performances.

State-wise export data is on the path of established for this purpose. In addition to the regulatory ELIMINATION has also tried to authorize the States by the transfer of decision-making power to state-level committees on export promotion (SLEPC), headed by its Secretary General.

Step by step, a situation would be achieved if the central role in efforts to promote exports would be on third States and to authorize, for the rest for you.

At the same time, the disk drive to automate permissions and share new accounts are presented with added emphasis, which is expected to reduce transaction costs.

In this context, Mr. Mansingh said that the Ministry of Commerce recently had the mandate of KPMG to study the whole band of issues in relation with the State perceived sense of neglect Rub-off effect of mega-projects like EPZs / SEZs.

The “victims” by the government and the effects on the local economy are also searched are carefully studied.

Competition between states is the best case out of the opening of the economy. A good infrastructure and a pleasant atmosphere are two factors that discourage investors, especially at a State.

A concentrated on policy towards the marine engineering training in India is the need of the hour to strengthen the country’s position in the global maritime industry, after consulting experts.

The presence of people of Eastern Europe on the world market for seafarers and the increased availability of skilled labour from China and the Philippines are a threat to Inde’s dominant position in World Trade Maritime, Mr K. Saxena Brijendra of Tolani Maritime Institute, New Delhi, said in a document submitted to a recent seminar.

In addition, Myanmar has been a considerable number of young officers, and many companies in the Far region are very satisfied with their level of performance, “he said.

All of the increase in Chinese sailors in the last hour is 7.24 percent, while India is a modest increase of 3.21 percent. The number of the Russian crew in the category of officers has also shown an upward trend in the recent past.

Given all these things, Mr. Saxena pointed out that there should be a proper assessment of the activity of all our competitors in neighbouring countries likely to make changes to the current system.

A look closer on the vessels of technology education and training with the clear understanding of what’s happening in other countries, will certainly benefit from the maritime training in the country over the long term, he added .

According to him, the contribution of the Indian Navy engineers in the development of maritime industry in the world is commendable.

However, it is essential that this situation will probably continue and improve. A study by Wu Bin Seafarers International Research Centre, Cardiff University, says that 55 percent of Chinese sailors to work on foreign ships, he said.

Mr. Saxena also proposed a number of proposals to strengthen maritime training, given the excellent career prospects in the sector.

Sailors Engineering Institute should be compatible with the network of educational institutions in other disciplines, for necessary inputs.

Improved information should be considered in the market regarding the maritime industry and the real offer on board.

A selection method to ensure that students are selected. More industry of the Institute of interaction is necessary to understand the needs of each other.

Marine Engineering Training is an integral part of the maritime industry in India. Indian sailors, including engineers from the sea, is welcome to have the ship and ship management companies in the world and are regarded as efficient, reliable and ably and effectively.

Government policy allows private sector participation has resulted in the development of the supply of many institutes dedicated to 4 years of the Vessel fields of study.

India has a place among countries to provide labour, especially in the category of officers exhibitions. In order to maintain market share, said he should have a closer look on the training of seafarers.