IOSR-JBM   Volume-5 ~ Issue-1 ~ Sep-Oct-2012

Abstract:Developing countries are no strangers to financial crises. The proclivity to crisis and to financial boom-bust cycles was especially evident in more financially open and deregulated developing economies. It is now well known that financial liberalization has resulted in an increase in financial fragility in developing countries, making them prone to periodic financial and currency crises, not just internal banking and related crises, and currency crises stemming from more open capital accounts. Greater freedom to invest, including in sensitive sectors such as real estate and stock markets, ability to increase exposure to particular sectors and individual clients and increased regulatory forbearance all lead to increased instances of financial failure. In addition, the emergence of universal banks or financial supermarkets increases the degree of entanglement of different agents within the financial system and increases the domino effects of individual financial failures.
Key Words:currency, crisis, economy, investment,

[1] Akyuz, Yilmaz (2008) "The global financial crisis and developing countries",
[2] Chandrasekar, C. P. (2008b) "India's sub-prime fears" Economic and Political Weekly
[3] Misra Puri (2011) "Indian economy"
[4] Madhu Vij (2010) " International Financial Management"
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[7] Intrnational Economics 5th edition- Francis Cherunlam
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Abstract:Business excellence awards have been commissioned in many countries based on national excellence models. One such important model is Malcolm Baldrige award in USA. In India CII-Exim excellence award is given to best companies. However in India a few companies have so far qualified for such excellence awards. Globally many studies have indicated that winning such quality or excellence wards give superior returns in stock price performance. But the studies have mixed results. This paper is based on research conducted in Indian companies regarding their price performance in stock market for a period of 7 years. A new variable Consistency Score has also been used as an indicator of consistent financial performance by companies using best practices..
Keywords:Stock performance, business excellence, consistency score, stock market returns, excellence awards

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improvement techniques and performance -- a Mexican case. Journal of Quality Management; Vol. 3 Issue 2, p265, 1998
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Leicester. Copyright 2005 EFQM and BQF.
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Business Excellence, Vol. 10 Iss: 1, pp.14 – 26.2006
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Operations Management, 19,265-289
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Abstract:This study aims to examine the application of Total Quality Management (TQM) in a variety of manufacturing companies located in the Industrial Area Makassar in South Sulawesi, Indonesia to see its effect on organizational performance, both directly and indirectly through the mediating variable of organizational culture of the company. Hypothesized that TQM affect organizational performance directly and indirectly through the mediating variable of organizational culture. This hypothesis was derived from nine sub-hypotheses that are constructed in Structural Equation Model and verified by using path analysis. Results from this early stage of confirmatory research revealed that there is no significant direct influence of TQM implementation in various manufacturing companies. However, TQM significantly affect organizational performance via a mediating variable of organizational culture. Thus, current research unearth four interesting findings, in which three of them point to the significance of TQM implementation on organizational culture, organizational culture on organizational performance, and TQM implementation on organizational performance through organizational culture. Finally it was found out that TQM implementation is not directly significant to organizational performance..
Key Words: Manufacturing Industry, Total Quality Management, Organizational Culture, Organizational Performance

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[3] Biro Pusat Statistik, Statistik Industri Besar dan Sedang Provinsi Sulawesi Selatan (Indonesia, 2010).
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Abstract:The success of the any organization depends on the quality of its human resources, whether it belong to manufacturing, service or a retail outlet. Physical assets are used to increasing earning capacity of any business organization, likewise human resources are important assets and used to increase productivity, earning capacity, increasing the wealth and profit, market value, economic value added etc. Nowadays because of the global transition service industry has become one of the leading industries which are mainly based on human resources. This study focuses on the current practices in Human Resources Accounting and to measure the impact of HRA on organizational performance. Aim of the study is to make aware about role and contribution of human resources, to measure and valued HRA. Primary data is taken to test the hypothesis. Statistical tools like mean, standard deviation, T- test, F-test, correlation and Likerts five point scales is used to analysis the result.
Keywords: Human Resources Accounting, Value Added, Human Resources Management, Efficiency & productivity, Decision Making

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Abstract:The research study takes a look at the relationship between corporate social responsibility and some dimensions of organizational effectiveness of Nigerian Small and Medium Scale Enterprises. Data were collected by means of questionnaires administered to selected SMEs in Lagos state. The study generated sixty percent response rate from two hundred and nine SMEs existing for more than five years. Responses from the survey were statistically analyzed using descriptive statistics, and product moment correlation. The results of the study indicated that Nigerian SMEs operators were actively involved in business ethics, urban and consumer affairs, but least involved in environmental affairs. The study showed that organizational effectiveness of the participating firms is to large extent satisfactory. However, the study concludes and recommends that the involvements in corporate social responsibility were found to correlate positively with organizational effectiveness and that the government should encourage the Nigerian SMEs investors in some aspects of corporate social responsibility and monitoring of SMEs environmental affairs.
Key words: Corporate social responsibility, Organizational effectiveness, Smal and Medium Enterprises (SMEs)

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Abstract:The study was conceptualized as an exploratory and quantitative one into the entrepreneurial challenges in a developing country like Nigeria, with focus on small scale business owners in Lagos, Nigeria. However, the research was premised on the assumption that entrepreneurs in developing countries like Nigeria face a lot of challenges hence the informal sector which they belong has not had the desired impacts on the growth and development of the economy. However, the study examine whether the challenges of entrepreneur has an impact on small business in Lagos State and to also examine whether the challenges of Entrepreneur has an influence on the quality of goods produced in Lagos, and finally to identify whether small business owner has an impact on the productivity in an Enterprise organization. More over, the study make use of primary data and questionnaire analysis and spearman's rank correlation was used as the estimation technique to test the three hypotheses, and the result study reveals that challenges of entrepreneur has a significant effect on small business in Lagos State and that the challenges of Entrepreneur has a significant on the quality of goods produced in Lagos State Nigeria and finally small business owner has a significant effect on the productivity in an organization. Moreover, our findings still reveal that the infrastructural constraints, financial problems which are key challenges confronting entrepreneur business owners are creation of failed governance in Nigeria. Successive governments and regimes in Nigeria have paid lip service to the problems of social infrastructure which are the engine hub of entrepreneurship and the opportunity cost of doing a good business in Nigeria, is the diversion of funds and energy to providing for these deficiencies. Bad leadership stifles an economy and creates an unfriendly investment atmosphere. Therefore, the study conclude and recommend that many Nigerian entrepreneur business owner in Nigeria do not understand nor appreciated the value of a stakeholder's analysis as a result they do not adequately understand how the impact of their business practices is felt in society, therefore the government and its agencies should also grant entrepreneurial development fund to financial institutions for disbursement to genuine entrepreneurs.
Keywords –Entrepreneurship, Small business owner, developing countries, loans and advances.

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