IOSR-JBM   Volume-4 ~ Issue-6 ~ Sep-Oct-2012

Paper Type	:	Research Paper
Title	:	Essence of Leadership in Multiculturalism-Role of White Men in Managing Multicultural Issues
Country	:	India
Authors	:	TS Ezaz Ahmed, Dr. D. Prabhakar
	:	10.9790/487X-0460104

Abstract:Today's global business environment is exciting, evolving, and at the same time challenging: marked by change, complexity, and multiculturalism. The way in which we work has changed dramatically — virtual teams are commonplace, allowing little face-to-face interaction with the people we manage or report to who are based in other countries. Regardless of where our headquarters or domestic offices are located, we interact with global customers and our teams are staffed with international colleagues. Furthermore, our companies are frequently involved in the challenging process of absorbing competitors, being acquired, or being responsible for complicated reorganizations across global borders. These situations lead to management and communication challenges. As a means of effectively addressing these issues, cross-cultural management and change management strategies are imperative. With this combination of strategies, executives have the concepts and tools to successfully bridge cultural differences, maneuver the dynamics of organizational culture, and align and engage people to achieve organizational objectives in a changing business environment.
Key Words: Leadership, Multicultural, White Men, Diversity, policies.  

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M. Casas, L. A. Suzuki, & C. M. Alexander (Eds.), Handbook of Multicultural Counseling (pp. 155–180). Thousand Oaks, CA:
Sage Publications.
[4] Asante, Molefi Kete. "Multiculturalism: An Exchange" [Response to Diane Ravitch]. American Scholar (Spring 1991). Rpt.
Berman, Debating P.C.
[5] Escoffier, Jeffrey. "The Limits of Multiculturalism." Socialist Review 91:3-4 (1991)
[6] Goldberg, D.T. (1994). ―Introduction: multicultural conditions‖, pp. 1 -41 of Goldberg, D.T. (ed.) Multiculturalism: a critical reader.
Oxford: Blackwell.
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[8] Kymlicka, W. (1995). Multicultural citizenship: a theory of liberal rights. Oxford: Clarendon Press.
[9] Rouse, R. (1995). ―Thinking through transnationalism: notes on the cultural politics of class relations in the contemporary United
States‖. Public Culture. 7(2): 353-402.
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Paper Type	:	Research Paper
Title	:	An Empirical Analysis of the Effect of Interest Rate Management Policies in Nigeria 1970-2010
Country	:	Nigeria
Authors	:	Dr. Chris Udoka, Roland Agwenjang Anyingang , Arzizeh Tiesieh Tapang
	:	10.9790/487X-0460510

Abstract:This study was designed to analyze the effect of interest rate management policies on the economic growth of Nigeria. Two research hypotheses were formulated to investigate the relationship between interest rate and economic growth and the difference in economic growth before and after interest rate deregulation regime in Nigeria. Ex-post facto research design was adopted for the study. Data for the study were obtained from the Central Bank of Nigeria statistical bulletin. Data collected were analyzed and tested using the ordinary least square multiple regression analytical technique. The result of the findings revealed that: there existed an inverse relationship between interest rate and economic growth in Nigeria, implying that increase in interest rate will decrease GDP of the country, thus hindering growth of the real sector. It was recommended that a strong monetary policy for Nigeria should be initiated that would enhance lending to the real sector economy of Nigeria for the sustenance of economic activities.
Keywords:Deregulation of interest rate, Gross domestic product, Interest rate, Interest rate management policies, Investment demand.

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Paper Type	:	Research Paper
Title	:	Does Value Outperform Growth In A Downturn?
Country	:	India
Authors	:	T.G.Saji
	:	10.9790/487X-0461117

Abstract:What stocks, value or growth, one should own during the rough patch of a recession? Both academics and practitioners are often seeking answer to this question. This paper aims to provide empirical evidence in Indian context on the relative performance of value strategy using Price Earning (P/E) ratio during the period of market downturns. The methodology used is based on the implications of the theory of financial markets and the methodology of fundamental analysis. By using a set of explanatory variables identified from Discounted Cash Flow (DCF) model – earnings growth, dividend payout and market risk coefficient – the study estimated a theoretical benchmark of P/E under a Multiple Regression framework against which observed P/E ratios of stocks from five selected sectors were compared. The empirical results of the study corroborated the implication of value strategy in wealth management during crisis times.
Key Words: earnings growth, market risk, P/E ratio, payout, Value strategy.

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