Deregulation and liberalization in India: the managerial response

Article Abstract:

The trend towards deregulation is spreading throughout the world after it has become quite apparent that economic conditions in market economies are generally better than those in economies heavily regulated by the government. India is one of the growing number of countries that have followed the lead of the US in freeing industries and allowing them to compete in domestic as well as in global markets. Since 1991, the Indian government has been pursuing economic liberalization with particular focus on addressing short term problems such as low foreign exchange reserves, on implementing structural reforms to bolster competitiveness and rein in inflation, and on aligning India with the global economy. Success in a deregulated marketplace is likely to be achieved by Indian companies that can spot the signs of deregulation early and are prepared to maximize this advantage.

India, Deregulation

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China's special economic zones: the cultural and managerial challenges

Article Abstract:

China has established 14 coastal cities and three 'open economic zones' as Special Economic Zones in which special incentives exist for foreign investors. The underlying political goal of the zones is to improve the chances that China will effect successful re-unification with Macau, Hong Kong, and eventually, Taiwan. The official objectives of absorbing high technology and high-powered foreign management techniques are not being met, although the Zones are growing rapidly. Cultural factors may give overseas (non-People's Republic of China) Chinese an advantage in negotiations and managing businesses in the Zones, and European firms must learn to understand these cultural differences in both managing and negotiating in China. Even with such an understanding, there will still be substantial problems in operating businesses in the Zones.

China, Economic policy, Economic zoning, Special districts, Special districts (Local government)

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Advertising for effective managerial recruitment

Article Abstract:

Managerial applicants' preferences as to job advertisements are examined in order to evaluate previous prescriptive studies on effective recruitment advertising. The central role of advertising in the hiring process and the importance of effective managerial recruitment to a firm's success makes such an evaluation necessary. A review of previous studies indicate that compensation, job description, firm description, location and reply instructions are some of the essential information contained in successful recruitment advertisements. A survey of managers' preferences indicate however, that job type, company descriptions, person specification, salary and location are the most important criteria for their choice of job advertisements.

Analysis, Recruiting, Executives, Advertising, Executive recruiting

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