The study of Factors Affecting Consumer Preferences of Shopping at Organized ...IJAEMSJORNAL
The organized retail sector has experienced profound shift in the last decade due to change in the social, cultural & business environment. The primary focus of this research paper is consumer behavior & their shift towards organized retail shopping from traditional unorganized retail shopping taking into consideration of their purchasing pattern as well as shift in their perception which changes during their course of organized retail shopping experience. And also to check the hypothesis that the consumers prefer organized retail because of heavy discounts, ease of access and service delivery.This paper also highlights the challenges faced by retail industry.
The study of Factors Affecting Consumer Preferences of Shopping at Organized ...IJAEMSJORNAL
The organized retail sector has experienced profound shift in the last decade due to change in the social, cultural & business environment. The primary focus of this research paper is consumer behavior & their shift towards organized retail shopping from traditional unorganized retail shopping taking into consideration of their purchasing pattern as well as shift in their perception which changes during their course of organized retail shopping experience. And also to check the hypothesis that the consumers prefer organized retail because of heavy discounts, ease of access and service delivery.This paper also highlights the challenges faced by retail industry.
This presentation talks about the footwear industry in India and the world. Business prospects for the footwear industry, market for the footwear industry, growth and other factors. Here we have targeted a single country for export, what prospects and implications can come in the way.
The Indian Innerwear Market Outlook to 2015 - Growth Opportunity for Internat...AMMindpower
The report provides a comprehensive analysis of market size of men’s and women’s innerwear on the basis of value and volume, market segmentation by organized, unorganized, low, economy, medium, premium, super premium and average selling price.
For more information on the industry research report please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=301&T=D&S=95
Small is beautiful: Regional Industrial Ecosystem of Hand-made Shoe industria...Kee-Bom Nahm
This paper investigates the regional industrial ecosystem of the small-scale hand-made shoe industrial cluster in Seoul, Korea and suggests policy agenda for the development the old industrial region. Beginning from the late 1990s, about 500 small-scale hand-made shoe industries in Seongsu-dong have lost their markets and competitiveness due to the large-scale national brand shoe industries and imported shoes. At the same time, Seongsu-dong became hand-made shoe industrial cluster by taking advantage of low rent, cheap labor, and easy transportation. Now about 44% of shoe makers and 59% of shoe part makers in Korea are concentrated in Seongsu region with about 600 shoe and shoe part makers with about 6,000 employees. By analyzing its regional industrial ecosystem and in-depth interviews, FGI, participatory observation, and secondary data, it suggests the recovering methodologies for the lost value-chains, sound labor recruiting policies, and regaining the weakening social capital. Lastly it criticizes local government policies for boosting only design education and perfunctory place marketing strategies.
LEATHER INDUSTRY.. ITS ALL ABOUT BRAND WARS... Survival of the UNIQUE..Abhishek Bajaj
The PPT deals about the marketing strategy of three leading Brands in the world of leather.. the war of brands between COACH, LOUIS VUITTON AND HERMES...
Crude palm oil is one of the mainstays of Indonesia's exports. In the midst of
intense competition with vegetable oil producing countries in the world, Indonesia
must have international competitiveness which is strongly supported by the technology
in order to achieve a sustained competitive advantage. The major purpose of this
paper is to examine the direct effect of technological resources to international
competitiveness and sustained competitive advantage as well as measure the
mediating effect of international competitiveness in the relationship between
technological resources and sustained competitive advantage. For these purposes, an
empirical survey was conducted with the active participation of 82 palm oil industries
in Indonesia. In addition to the survey, in-depth interviews were conducted to follow
up the quantitative results. On the basis of path analysis with SmartPLS, technology
resources had positive and significant effect to sustained competitive advantage. This
study suggests the importance of technological resources in achieving sustained
competitive advantage on the part of palm oil industries in developing countries
An economic analysis of mulberry raw silk production in traditional and non-t...Premier Publishers
Sericulture is cottage based industry which combines both the features of agriculture and industry. India has tremendous potential for silk development but yet unexploited, however development is not far away. The current study is an attempt to analyse the share between traditional and non-traditional states and between the states on the basis of mulberry silk production and mulberry cultivation. Regression analysis, coefficient of variation, growth rate was used to attain the objectives of the study. It was found that the traditional states hold the maximum share both in mulberry cultivation during 2012-13 was (82.90%) as well as production of raw silk (96.49%). In which Karnataka, Andhra Pradesh and West Bengal contributes maximum production among traditional states, while as Maharashtra, Manipur and Madhya Pradesh are the leading contributing states among the non-traditional states in total raw silk production in India.
This presentation talks about the footwear industry in India and the world. Business prospects for the footwear industry, market for the footwear industry, growth and other factors. Here we have targeted a single country for export, what prospects and implications can come in the way.
The Indian Innerwear Market Outlook to 2015 - Growth Opportunity for Internat...AMMindpower
The report provides a comprehensive analysis of market size of men’s and women’s innerwear on the basis of value and volume, market segmentation by organized, unorganized, low, economy, medium, premium, super premium and average selling price.
For more information on the industry research report please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=301&T=D&S=95
Small is beautiful: Regional Industrial Ecosystem of Hand-made Shoe industria...Kee-Bom Nahm
This paper investigates the regional industrial ecosystem of the small-scale hand-made shoe industrial cluster in Seoul, Korea and suggests policy agenda for the development the old industrial region. Beginning from the late 1990s, about 500 small-scale hand-made shoe industries in Seongsu-dong have lost their markets and competitiveness due to the large-scale national brand shoe industries and imported shoes. At the same time, Seongsu-dong became hand-made shoe industrial cluster by taking advantage of low rent, cheap labor, and easy transportation. Now about 44% of shoe makers and 59% of shoe part makers in Korea are concentrated in Seongsu region with about 600 shoe and shoe part makers with about 6,000 employees. By analyzing its regional industrial ecosystem and in-depth interviews, FGI, participatory observation, and secondary data, it suggests the recovering methodologies for the lost value-chains, sound labor recruiting policies, and regaining the weakening social capital. Lastly it criticizes local government policies for boosting only design education and perfunctory place marketing strategies.
LEATHER INDUSTRY.. ITS ALL ABOUT BRAND WARS... Survival of the UNIQUE..Abhishek Bajaj
The PPT deals about the marketing strategy of three leading Brands in the world of leather.. the war of brands between COACH, LOUIS VUITTON AND HERMES...
Crude palm oil is one of the mainstays of Indonesia's exports. In the midst of
intense competition with vegetable oil producing countries in the world, Indonesia
must have international competitiveness which is strongly supported by the technology
in order to achieve a sustained competitive advantage. The major purpose of this
paper is to examine the direct effect of technological resources to international
competitiveness and sustained competitive advantage as well as measure the
mediating effect of international competitiveness in the relationship between
technological resources and sustained competitive advantage. For these purposes, an
empirical survey was conducted with the active participation of 82 palm oil industries
in Indonesia. In addition to the survey, in-depth interviews were conducted to follow
up the quantitative results. On the basis of path analysis with SmartPLS, technology
resources had positive and significant effect to sustained competitive advantage. This
study suggests the importance of technological resources in achieving sustained
competitive advantage on the part of palm oil industries in developing countries
An economic analysis of mulberry raw silk production in traditional and non-t...Premier Publishers
Sericulture is cottage based industry which combines both the features of agriculture and industry. India has tremendous potential for silk development but yet unexploited, however development is not far away. The current study is an attempt to analyse the share between traditional and non-traditional states and between the states on the basis of mulberry silk production and mulberry cultivation. Regression analysis, coefficient of variation, growth rate was used to attain the objectives of the study. It was found that the traditional states hold the maximum share both in mulberry cultivation during 2012-13 was (82.90%) as well as production of raw silk (96.49%). In which Karnataka, Andhra Pradesh and West Bengal contributes maximum production among traditional states, while as Maharashtra, Manipur and Madhya Pradesh are the leading contributing states among the non-traditional states in total raw silk production in India.
A Study on Consumer Behaviour towards Branded Garments am ong Male Shoppersinventionjournals
In the age of identity crisis and need for differentiation, everyone is after uniqueness; particularly h ow one wishes to appear. India is a global market for fashion garments and there is a cut throat competition exi sting among brands. Companies are rigorously working on identifying consumer buying behaviour, preferences, creating awareness, and a positive attitude towards their brands in order to grab larger portion of the market. Therefore, it is become necessary to study the consumer behaviour towards various branded men`s garments. T he study emphasis on how consumer evaluate branded garments on the basis of style, texture, price, colour, adv ertisement and celebrity endorsements, preferences towards branded garments and reasons for purchasing bran ded garments. The researcher has used descriptive research design, conducted study only with 150 respondents from two Engineering college, Bangalore. Statistical tools like measurement of central tendency, Chi-Square ar e used to test and analyse the collected data. Finally, it is revealed that irrespective of age and education levels respondents are buying branded garments to enhance their style, ant to protect their self-respect.
A Study on Consumer Behaviour towards Branded Garments am ong Male Shoppersinventionjournals
In the age of identity crisis and need for differentiation, everyone is after uniqueness; particularly h ow one wishes to appear. India is a global market for fashion garments and there is a cut throat competition exi sting among brands. Companies are rigorously working on identifying consumer buying behaviour, preferences, creating awareness, and a positive attitude towards their brands in order to grab larger portion of the market. Therefore, it is become necessary to study the consumer behaviour towards various branded men`s garments. T he study emphasis on how consumer evaluate branded garments on the basis of style, texture, price, colour, adv ertisement and celebrity endorsements, preferences towards branded garments and reasons for purchasing bran ded garments. The researcher has used descriptive research design, conducted study only with 150 respondents from two Engineering college, Bangalore. Statistical tools like measurement of central tendency, Chi-Square ar e used to test and analyse the collected data. Finally, it is revealed that irrespective of age and education levels respondents are buying branded garments to enhance their style, ant to protect their self-respect.
ECONOMIC PROBLEMS OF INFORMAL (UNORGANIZED) SECTOR PROFESSIONALS IN NAGPUR DI...IAEME Publication
Indian retail is dominated by a large number of small retailers consisting of the local kirana shops, owner-manned general stores, chemists, footwear shops, apparel shops, paan and beedi (local betel leaf and tobacco) shops, hand-cart hawkers, pavement vendors, etc. which together make up the so-called "unorganized retail" or traditional retail. The last few years have witnessed the entry of a number of organized retailers opening stores in various modern formats in metros and other important cities. Unorganized retailers normally do not pay taxes and most of them are not even registered for sales tax, VAT, or income tax. (Zia and Azam, 2013)
Retailing in India is predominantly unorganized. According to a survey by AT Kearney, an overwhelming proportion of the Rs. 400,000 crore retail markets are unorganized in India. In fact, only a Rs. 20,000 crore segment of the market is organized.
COMPARATIVE ANALYSIS OF RETAIL SECTOR OF INDIA AND AUSTRALIAIJCI JOURNAL
The economy of Australia and India is booming in the retail sector. All major business decisions affecting the world across are taken and dictated by this economy. The total number of retail businesses are around 140 000 in Australia which accounts for nearly 4.1% GDP and employment of 10.7%. the retail industry contribution from india is more then 13% of GDP in 2011.The retail industry has skilled quotes of labor productiveness increase during the last two many years comparable, on average, to that of the rest of the Australian economic system.
Similar to An empirical analysis to study the influence of behavioural pattern of men on formal shoes (20)
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
2. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 – 6510(Online),
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1.1 INTRODUCTION
With low production cost, abundant supply of raw material, evolving retail system, buying
patterns and huge consumption market, this sector is posed to grow to great heights. India being
a country of artisans is known for its traditional craft of footwear making. Some of the traditional
footwear created by village craftsmen include leather chappals in Kohlapur' embroidered Juttis in
Jodhpur, Indo-Tibetan felt boots in Sikkim and vegetable fibre shoes in Ladakh. The industrial
policy 1967 reserved the leather industry including footwear only for small scale sectors. It was
only during the mid 1970s, 100% export oriented footwear units in large scale sector were
promoted. From June 2001 onwards the Government of India de-reserved the leather sector.
During the past four decades starting from the year 1981 – 1982, the export of footwear from
India had increased tremendously. Though India has a negligible proportion of exports in world
trade, it is the second largest producer of footwear next to China. India accounts for 14% of the
global annual footwear production of 14.52 billion pairs. India manufactures around 2065million
pairs of footwear every year of which 909 million pairs are made of leather, 1056 million pairs of
non leather footwear and 100 million pairs of shoe uppers. Nearly 70 percent of the labour
constituting around 15 lakh people are employed in the unorganised sector majority of them are
rural artisans, cottage and household units, while the organised sector accounts for remaining 30
percent and employs over 5 lakh people.
The Indian consumer markets are growing and changing rapidly in terms of its nature and
composition. With the revolution taking place in the distribution system through entry of super
markets, shopping malls, chain stores etc in the metros, small cities and towns the potential for
lifestyle products have increased drastically (S L Rao, 2000). With the change in the lifestyle
patterns among the people especially the youth, this product has also undergone a tremendous
transition in terms of its character. Though Indians have not been the ones to spend on items like
footwear, for the past two decades due to liberalization, there has been a tremendous change in
the buying habits of the consumers. More than sixty international brands are sourced from India.
Most of these brands are manufactured in Agra, Kanpur or Chennai footwear clusters.
1.2 REVIEW OF LITERATURE
India is a country of artisans comprising of footwear clusters spread in many parts of the country.
These clusters predominantly consist of small-scale manufacturers with skilled craftsmen, out
dated technologies having less access to automation. In a developing country like India, there
exist tremendous opportunity for combining the artisanal touch with high technology (knorringar
1998). Unlike India after Liberalization the textile and footwear industries collapsed in
Zimbabwe due to improper restructuring and low labour productivity (Carmody 1998) where as
countries like India, Korea and Taiwan enjoy high labour productivity. The author finds the
African market to be generally uncompetitive due to shrinking markets, low labour productivity,
and poor infrastructure with poor political instability due to which foreign investment is scarce
when compared to the Asian countries. Heather (1998) draws attention to the existence of
fashion consciousness of the people towards footwear even before 8000 years ago. The author
throws light on the evolution of the bear-fur shoes that the Japanese Samurai used to wear to the
platform sandals that is worn by people today are all due to the fashion desire. The article was
the result of excavation of shoes dated more than 8000 years from the Missouri cave. The
complex weaving and design of the excavated shoes reveal that the people were fashion
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conscious as we are today and specialized artisans and craftsmen existed even at that time. The
study by Troy (2000) stipulates the need for appropriate footwear as they are more than just
shoes. According to the author shoes give identity and image and is also a symbol of status.
Despite the benefits, diabetes patients refrain from purchase of therapeutic footwear as they are
not attractive with limited colours and designs (Carolyn et al 2002, Gautham et al, 2004).
Miranda (2009) explores the rise of Bata as a major player in the footwear sector. Post World
War I, the international trade in footwear took a different turn. The large footwear exporting
countries like United States and UK gradually became world’s leading importers.
1.3 STATEMENT OF THE PROBLEM
Though the Indian consumers have become discerning and brand conscious, but in this sector the
proliferation of the unorganized sector seem to be higher. The unorganized sector dominates the
industry posing a threat to the organised players. In the organised sector, men’s footwear
accounts for only half of the total market. Therefore it is clear that only 50% - 55% of the sales
take place in the organized sector even in the men’s sector. Though footwear is considered as
lifestyle enhancement product, the manufacturers and retailers have failed to understand this.
Still the traditional segmentation patterns are followed in this industry, which include materials
used for construction of the footwear, usage patterns and demographics. Also there are
innumerable literatures that focus on trade policies followed in the footwear market in
international countries, treatment of workers in the footwear industry, therapeutic use of
footwear, supply chain patterns etc but there are hardly any study that explores the consumer
behaviour and their association towards the footwear preferences. Behavioral segmentation
though has been used in many other products like apparels, insurance, real estate etc., but not in
the footwear sector. The present study is an attempt to fill the gap. This sector is a highly
promising one with less knowledge about its customers.
1.4 OBJECTIVES
From the problems stated above the objectives have been derived as under:
• To profile men into different clusters based on their activities, interest and opinions
• To examine the differences that exists in the preferences towards the formal footwear
attributes according to the consumers’ behavioural patterns
1.5 STUDY AREA
The study was conducted in Bangalore being the capital of Karnataka and a fast emerging
metropolitan city. Further it is the third most populous city and stands fifth in the urban
population. As on 2011 the total population of the city stood at 8,425,970. Geographically the
city is divided into 5 regions namely East, West, North, South and Central Bangalore. Bangalore
has only 41% of local population and the rest of them belong to other states and countries
especially from Europe. Hence, it is vivid that Bangalore has a population with diverse profiles.
Therefore the city of Bangalore has been selected for the study purposively.
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1.6 SAMPLE RESPONDENTS
The respondents for the study include men between the age group of 20 – 55 yrs and between the
income classes of Rs 12000 to Rs 200000 per month. The respondents were drawn randomly
from the various strata of East, West, North, South and Central Bangalore. 500 men were
selected from each stratum totaling to 2500 men. Out of the total respondents only 2074 men
qualified for the study as the responses furnished by the rest of them was incomplete hence were
eliminated.
1.7 SURVEY INSTRUMENT
Primary data was collected through distribution of questionnaires. The questionnaire comprised
of three sections. Section I includes 50 statements (Mitchell, A. 1983, Anderson, W.T. and
Golden, L. 1984; Hanspal et al, 1999; Hanspal et al, 2000 ) that would help in profiling the
customers into behavioural clusters based on the activities they normally engage in their day to
day life, interests and opinions on certain common issues. These statements were to be rated in a
7 point likert scale. Section II comprised of their demographic details and the attributes they
expect their formal and casual footwear to possess. These attributes were arrived after an
exploratory study. The exploratory study was conducted to a group of 20 members. The group
members comprised of consumers who belonged to different age groups. They were asked to list
the attributes they generally preferred their footwear to possess. Eighteen attributes were listed.
Though all the eighteen attributes were included in the instrument only ten attributes were
selected for analysis. These ten attributes were selected based on the ranking given by majority
of the group members. These attributes were also to be rated in a 7 point likert scale. The
instrument so constructed was pre-tested on thirty respondents to find out if the questions framed
had sufficient clarity. Then based on their suggestions the final instrument was constructed and
administered.
1.8 STATISTICAL TOOLS USED
The statistical tools used for the study include Reliability Test, KMO test, Factor analysis,
ANOVA, and Multiple Regression Analysis. Statiscal packages such as SPSS 16 and EXCEL
were employed in the study.
1.9 SCOPE
The study will be helpful for the retailers to restructure their product offerings. The report will
also be useful for new retailers for designing their market strategies. It also offers a scope for
further research as there is not much study done in this area. Many international brands are
looking out for a place of business in India, this study will help them in understanding the
consumer characteristics and the factors that influence their purchase decision. The study can be
extended to global markets as similar purchase patterns may exist in multiple countries.
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1.10 ANALYSIS:
1.10.1 CONSUMER PROFILING
For profiling the respondents on the basis of their behaviour, factor analysis was employed on
the 50 AIO statements (See Appendix1). Initially inorder to test the reliability of these AIO
statements, Cronbach’s alpha score was computed. The Cronbach’s alpha on 50 AIO statements
revealed a score of 0.803 showing that the statements were reliable enough for further analysis.
Also Kaiser-Mayo-Olkin (KMO) Test was conducted to measure the adequacy of sample size.
The test generated a score of 0.694. Thus KMO test also proved that the samples were adequate
enough to conduct factor analysis. On employing factor analysis 11 factors that constitutes 52%
of the variance was considered for the study. Further for authentication Scree plot was also read.
Only those factors that constituted Eigen value above 1 were considered as principal component
analysis was employed. Varimax rotation was used to extract the factors with factor loadings
greater than +/- 0.30.
Table 1.1 Components with total and cumulative variance
Initial Eigen values
Components Total % of Variance Cumulative %
1 5.81 11.63 11.63
2 3.20 6.40 18.03
3 3.07 6.13 24.16
4 2.46 4.92 29.09
5 1.98 3.96 33.04
6 1.87 3.74 36.78
7 1.68 3.36 40.14
8 1.56 3.11 43.25
9 1.40 2.80 46.06
10 1.39 2.79 48.85
11 1.34 2.69 51.54
As Varimax rotation was utilized, those statements which had a factor loading of 0.3 and above
was assigned to the respective component. Further case wise regression scores were considered
to classify each individual to the respective components. The 11 components that were extracted
include Stylistic, Independents, Economicals, Traditional, Socialising, Globe trotters, Strivers,
Systematic and Dominant (See Table 4.5). It should be noted that the components have been
named according to the variable (Statement) with higher rotated factor loadings.
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Volume 3, Issue 3, September- December (2012)
Table 1.2 Statements with Rotated Factor Loadings and assignment to respective
components
Components Rotated Factor
Loadings
Component 1: Stylistic
I like to spend a year in a foreign country 0.72
I have one or more outfits that are of very latest style 0.72
I pay cash for everything I buy 0.68
I enjoy stylistic dresses 0.65
The most important of life is to dress smartly 0.58
I am fashionable in the eyes of others 0.58
Component 2: Confident
I have more self confidence than most people 0.77
As far as possible after marriage nuclear family is better 0.74
I am more independent than most people 0.71
I have a lot of personal ability 0.64
Component 3: Cautious Shoppers
I visit many shops before I finalise my sales 0.81
I am active in all social functions 0.64
I check the prices even for small items 0.61
I watch advertisements for announcements of sales 0.56
One should bargain before a purchase 0.40
I prefer my friends to spend when I am out on a party 0.37
Component 4: Traditional
Women are dependents and need men’s protection 0.73
A women should not work if her husband does not like her to work 0.72
Looking after the house is primarily a woman’s responsibility 0.59
In the evenings, it is better to stay at home 0.53
Component 5: Relaxed
I drink soft drinks several times in a week 0.76
I spend a lot of time with friends talking about brands and products 0.70
I participate in sports activities -0.53
One should have own credit/debit cards 0.43
Component 6: Optimistic
Think I will have more money to spend next year 0.83
I want to take a trip around the world 0.77
Component 7: Strivers
Doing nothing makes me feel uncomfortable 0.77
I will take some courses to brighten my future 0.45
Component 8: Systematic
One should always keep the house neat and clean 0.66
One must save for the rainy day 0.63
A distinctive living attracts me 0.52
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Component 9: Dominant
Friends often come to me for advice 0.66
Giving dowry in marriage is a tradition and cannot be done away 0.54
I would go for a walk than sit idle 0.52
I can be considered a leader 0.39
Component 10: Spiritual, Diet conscious and Socialising
I eat only home food 0.59
Spiritual values are important than material things 0.58
I can mingle with strangers easily 0.50
Component 11: Stay Trim (6%)
I skip breakfast regularly 0.77
I like to watch games than any other entertainment channels 0.71
For the purpose of the study the AIO statements were considered as predictor variables and the
footwear attributes were considered the criterion variables. Further only those statements that
satisfied the collinearity test was selected. ANOVA test revealed the existence of significant
differences among the consumers in the same component. Therefore multiple regressions were
employed to study the association between the behavioural pattern of consumers and the
preferences towards formal footwear attributes.
COMPONENT 1 – STYLISTIC CONSUMERS
Table 1.3: COLLINARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES
PREDICTOR VARIABLES TOLERANCE VIF*
I pay cash for everything I buy (Budgeted spenders) .726 1.377
I enjoy stylistic dresses (Stylistic) .900 1.112
The important part of life is to dress smartly (Smartly dressed) .943 1.060
I like to spend a year in a foreign country (Foreign land) .675 1.482
I am fashionable in the eyes of others (Fashionable) .703 1.422
Table 1.4 Multiple Regression Analysis for Stylistic Consumers (Component 1) and Formal
Footwear Attributes
FORMAL FOOTWEAR PREFERENCES
Variables B SE Beta t- Variables B SE Beta t-value
value
Criterion Variable Criterion
Coordinated Colours 5.23 1.99 2.62 ** Family -1.20 1.62 -.74
Predictor Variables Predictor
Budgeted spenders -1.02 .25 -.31 -4.1** Budgeted spenders -.439 .203 -.163 -2.17*
Stylistic -.09 .23 -.03 -.43 Stylistic .142 .186 .052 .76
Smart Dressers .54 .13 .28 4.29 ** Smart Dressers .288 .102 .186 2.82**
Foreign land -.35 .22 -.13 -1.62 Foreign land .902 .176 .400 5.13**
Fashionable .89 .22 .31 Fashionable .131 .176 .056 .74
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COMPONENT 6 – OPTIMISITIC
Due to multi collinearity only one variable was considered for regression analysis
Table 1.13 Regression Analysis of Optimistic (Component 6) and Formal Footwear
Attributes
FORMAL FOOTWEAR
Variables B SE Beta t-value Variables B SE Beta t-value
Criterion Variable Criterion
Coordinated Colours 6.46 .868 7.447** Family 4.88 1.23 3.970**
Predictor Variables Predictor
Globe Trippers -.184 .130 -.129 -1.418 Variables -.134 .184 -.067 -.728
Globe Trippers
Criterion Variable Criterion
Elegance 7.93 .941 8.423** Posture 6.87 1.31 5.247**
Predictor Variables Predictor
Globe Trippers -.369 .141 -.234 -2.62** Globe Trippers -.296 .196 -.138 -1.511
Criterion Variable Criterion
Comfort 6.96 .343 20.31** Ambience .749 .844 .886
Predictor Variables Predictor
Globe Trippers -.045 .051 -.080 -.871 Globe Trippers .570 .126 .383 4.505**
Criterion Variable Criterion
Branded 7.59 .918 8.261** Salesmen 7.29 .708 10.296**
Predictor Variables Predictor
Globe Trippers -.330 .138 -.215 -2.397* Globe Trippers -.246 .106 -.209 -2.320*
Criterion Variable Criterion
Friends 6.97 .929 7.496** Amenities -1.92 1.14 -1.684
Predictor Variables Predictor
Globe Trippers -.324 .139 -.210 -2.328* Globe Trippers .810 .170 .401 4.753**
** Significant at 1% level, * Significant at 5% level
COMPONENT 7 – STRIVERS
Table 1.14 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES
PREDICTOR VARIABLES TOLERANCE VIF*
Doing nothing makes me feel uncomfortable (Active) .974 1.027
I will take some courses to brighten my future (Hard Working) .974 1.027
*Variance Inflation Factor
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Table 1.15 Multiple Regression Analysis of Strivers (Component 7) and Formal Footwear
Attributes
FORMAL FOOTWEAR
Variables B SE Beta t-value Variables B SE Beta t-value
Criterion Variable Criterion
Coordinated Colours -4.58 2.36 -1.945 Family 5.06 1.66 3.054**
Predictor Variables Predictor
Active 1.68 .242 .539 6.949** Active .740 .170 .345 4.352**
Hard Working -.260 .214 -.094 -1.213 Hard Working -.680 .151 -.357 -4.512**
Criterion Variable Criterion
Elegance 5.14 1.71 3.005** Posture 11.2 2.77 4.035**
Predictor Variables Predictor
Active .060 .176 .032 .342 Active -.360 .284 -.117 -1.268
Hard Working .080 .156 .048 .514 Hard Working -.480 .252 -.175 -1.907
Criterion Variable Criterion
Comfort 3.48 .607 5.736** Ambience 6.74 2.22 3.030**
Predictor Variables Predictor
Active .420 .062 .536 6.745** Active -.040 .228 -.016 -.175
Hard Working .060 .055 .086 1.087 Hard Working -.220 .202 -.101 -1.087
Criterion Variable Criterion
Branded 13.8 1.93 7.128** Salesmen 9.38 2.56 3.666**
Predictor Variables Predictor
Active -.300 .199 -.128 -1.510 Active -.480 .263 -.169 -1.828
Hard Working -.900 .176 -.432 -5.11** Hard Working -.140 .233 -.056 -.601
Criterion Variable Criterion
Friends 20.7 2.64 7.828 Amenities 8.38 2.87 2.917**
Predictor Variables Predictor
Active -1.28 .271 -.388 -4.72** Active 1.02 .295 .264 3.460**
Hard Working -1.04 .240 -.355 -4.33** Hard Working -1.64 .261 -.478 -6.276**
** Significant at 1% level, * Significant at 5% level
COMPONENT 8 – SYSTEMATIC
Table 1.16 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES
PREDICTOR VARIABLES TOLERANCE VIF*
One should always keep the house neat and clean (Neatness) .821 1.219
A fancy and distinctive living attracts me (Distinctive) .946 1.057
One must save for the rainy day (Cautious) .821 1.217
*Variance Inflation Factor
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Table 1.17 Multiple Regression Analysis of Systematic (Component 8) and Formal
Footwear Attributes
FORMAL FOOTWEAR
Variables B SE Beta t-value Variables B SE Beta t-value
Criterion Variable Criterion
Coordinated Colours -5.19 3.85 -1.349 Family -12.4 3.59 -3.44**
Predictor Variables Predictor
Neatness 2.07 .600 .289 3.445** Neatness 2.48 .561 .363 4.42**
Distinctive -.425 .157 -.212 -2.71** Distinctive .028 .146 .015 .193
Cautious -.278 .313 -.074 -.886 Cautious .056 .293 .016 .193
Criterion Variable Criterion
Elegance -24.8 1.79 -13.9** Posture -21.4 3.06 -6.99**
Predictor Variables Predictor
Neatness 3.85 .278 .692 13.82** Neatness 3.79 .477 .567 7.95**
Distinctive -.127 .073 -.08 -1.75 Distinctive .274 .125 .146 2.19*
Cautious .746 .145 .257 5.19** Cautious -.167 .249 -.048 -.67
Criterion Variable Criterion
Comfort .676 .927 .729 Ambience -20.7 3.0 -6.89**
Predictor Variables Predictor
Neatness .419 .144 .219 2.89** Neatness 2.36 .469 .357 5.03**
Distinctive .109 .038 .202 2.83** Distinctive .525 .122 .284 4.29**
Cautious .360 .075 .360 4.78** Cautious .907 .245 .263 3.71**
Criterion Variable Criterion
Branded -23.3 2.67 -8.74** Salesmen 3.39 2.36 1.44
Predictor Variables Predictor
Neatness 1.93 .415 .254 4.65** Neatness .006 .367 .001 .016
Distinctive -.239 .108 -.113 -2.21* Distinctive -.008 .096 -.007 -.084
Cautious 2.52 .216 .636 11.65** Cautious .270 .192 .123 1.41
Criterion Variable Criterion
Friends -16.1 3.74 -4.30** Amenities -14.2 4.31 -3.30**
Predictor Variables Predictor
Neatness 3.09 .583 .424 5.30** Neatness 2.38 .671 .293 3.55**
Distinctive -.121 .152 -.059 -.794 Distinctive -.179 .175 -.079 -1.02
Cautious .044 .304 .012 .146 Cautious .499 .350 .117 1.43
** Significant at 1% level, * Significant at 5% level
COMPONENT 9 - DOMINANT
Table 1.18 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES
PREDICTOR VARIABLES TOLERANCE VIF*
Giving dowry in marriage is a tradition and cannot be done away with
(Conventional) .962 1.039
Friends often come to me for advice (Opinion Leaders) .975 1.025
I would go for a walk or do some exercise than sit idle (Stay Fit) .982 1.018
*Variance Inflation Factor
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Table 1.19 Multiple Regression Analysis of Dominant (Component 9) and Formal Footwear
Attributes
FORMAL FOOTWEAR
Variables B SE Beta t-value Variables B SE Beta t-value
Criterion Variable Criterion
Coordinated Colours -1.88 .738 -2.549* Family 3.86 .858 4.493**
Predictor Variables Predictor
Conventional .369 .057 .369 6.440** Conventional -.112 .067 -.114 -1.676
Opinion leaders .630 .076 .469 8.241** Opinion leaders .186 .089 .142 2.091*
Stay Fit .292 .091 .182 3.213** Stay Fit .144 .106 .092 1.364
Criterion Variable Criterion
Elegance 2.17 .538 4.042** Posture 1.59 .688 2.315*
Predictor Variables Predictor
Conventional .305 .042 .435 7.304** Conventional .227 .053 .272 4.240**
Opinion leaders .349 .056 .370 6.264** Opinion leaders .350 .071 .313 4.914**
Stay Fit .071 .066 .063 1.067 Stay Fit .171 .085 .128 2.015*
Criterion Variable Criterion
Comfort 3.22 .360 8.926** Ambience 2.47 .625 3.953**
Predictor Variables Predictor
Conventional .213 .028 .444 7.620** Conventional .319 .049 .413 6.567**
Opinion leaders .196 .037 .305 5.264** Opinion leaders .215 .065 .208 3.330**
Stay Fit .221 .044 .287 4.979** Stay Fit -.034 .077 -.027 -.438
Criterion Variable Criterion
Branded -2.50 .666 -3.76** Salesmen 2.68 .836 3.207**
Predictor Variables Predictor
Conventional .243 .052 .246 4.702** Conventional .128 .065 .134 1.965
Opinion leaders .705 .069 .531 10.22** Opinion leaders .275 .087 .215 3.180**
Stay Fit .594 .082 .375 7.244** Stay Fit .071 .103 .046 .688
Criterion Variable Criterion
Friends -.077 .875 -.088 Amenities 3.38 1.02 3.317**
Predictor Variables Predictor
Conventional -.007 .068 -.006 -.106 Conventional .110 .079 .096 1.396
Opinion leaders .801 .091 .520 8.839** Opinion leaders -.175 .106 -.113 -1.654
Stay Fit .166 .108 .090 1.537 Stay Fit .236 .126 .128 1.878
** Significant at 1% level, * Significant at 5% level
COMPONENT 10 - SPIRITUAL, DIET CONSCIOUS AND SOCIALISING
Table 1.20 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES
PREDICTOR VARIABLES TOLERANCE VIF*
Spiritual values are more important that material things (Spiritual) .910 1.099
I eat only home food and do not like to eat out (Diet Conscious) .897 1.114
I can mingle with strangers easily (Socialising) .849 1.178
*Variance Inflation Factor
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Table 1.23 Multiple Regression Analysis of Stay Trim (Component 11) and Formal
Footwear Attributes
FORMAL FOOTWEAR
Variables B SE Beta t-value Variables B SE Beta t-value
Criterion Variable Criterion
Coordinated Colours -.65 3.52 -.184 Family -4.38 3.28 -1.337
Predictor Variables Predictor
Stay Trim -.270 .447 -.052 -.605 Stay Trim 1.68 .416 .336 4.028**
Sports Viewers 1.04 .313 .283 3.323** Sports Viewers -.351 .292 -.101 -1.205
Criterion Variable Criterion
Elegance -7.24 2.45 -2.96** Posture -5.59 3.01 -1.857
Predictor Variables Predictor
Stay Trim 1.65 .311 .422 5.297** Stay Trim 1.67 .383 .361 4.362**
Sports Viewers .203 .218 .074 .929 Sports Viewers -.213 .268 -.066 -.794
Criterion Variable Criterion
Comfort 3.49 1.37 2.548** Ambience -8.99 3.73 -2.390*
Predictor Variables Predictor
Stay Trim -.047 .174 -.023 -.272 Stay Trim 2.28 .474 .393 4.819**
Sports Viewers .470 .122 .324 3.855** Sports Viewers -.318 .332 -.078 -.956
Criterion Variable Criterion
Branded -9.03 2.22 -4.058 Salesmen -21.1 3.08 -6.830**
Predictor Variables Predictor
Stay Trim 1.41 .283 .384 4.975** Stay Trim 3.06 .392 .551 7.818**
Sports Viewers .689 .198 .268 3.480** Sports Viewers .753 .274 .194 2.745**
Criterion Variable Criterion
Friends -5.97 2.24 -2.67** Amenities -11.8 3.61 -3.270**
Predictor Variables Predictor
Stay Trim 1.85 .285 .499 6.48** Stay Trim 1.16 .459 .208 2.534**
Sports Viewers -.314 .199 -.12 -1.58 Sports Viewers 1.18 .322 .299 3.657**
** Significant at 1% level, * Significant at 5% level
1.11 RESULT AND DISCUSSION
A brief discussion on the highest preferences of the consumers for formal shoes (based on the
highest Beta value and significant t-value) in each of the factors extracted is given below.
Component 1 comprised of stylistic consumers. Six variables (AIO statements) were loaded in
this component. Out of which five variables qualified for study due to multicollinearity.
Therefore the five types of consumers in this component include Budgeted spenders, stylistic,
smart dressers, foreign settlers and fashionables. From Table 1.4 it can be observed that the
Budgeted spenders preferred more of branded shoes for formal wear. The stylistic consumers
were more store conscious. They preferred to purchase formal wear from the store that had good
ambiences. The smart dressers preferred their formal shoes to coordinate with the colour of their
attire. The consumers who preferred to settle abroad preferred to wear formal shoes that
enhanced their postures. The fashionables preferred elegant formal shoes. Component 2
comprised of confident consumers. Four variables (AIO statements) were loaded in this
component. The four types of consumers in this category include Nuclear Family oriented,
Confident, Independent and Skilled. From Table 1.6 it can be observed that the consumers who
preferred to live in nuclear family were bound to purchase shoes from the store that exclusively
sold footwear and no other amenities. The confident consumers purchased formal shoes based on
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19. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 – 6510(Online),
Volume 3, Issue 3, September- December (2012)
brands. The independent consumers preferred to wear formal shoes with coordinated colours.
The skilled consumers who perceived that they had lot of personal ability preferred elegant and
comfortable shoes and they never consult their family in the purchase of formal shoes.
Component 3 was named as cautious shoppers. This component comprised of three types of
consumers namely social, cautious shoppers and price conscious. From Table 1.8 it can be
inferred that the social consumers who are very active in all the social functions preferred to
purchase formal shoes from the outlets that sold other amenities as well. The cautious shoppers
who visit many shops before they finalised their sales preferred to wear formal shoes that were
comfortable. The price conscious consumers preferred to wear formal shoes that were elegant
and branded. Component 4 named as traditional comprised of four types of consumers namely
dominating, protectionist, egotistic and conservative. From Table 1.10 it can be read that the
dominating types preferred to purchase formal shoes on the basis of brand and those that enhance
their postures. The protectionist also purchased formal shoes on the basis of brand. The Egotistic
consumers purchased formal shoes primarily after consultation with their friends. The
conservative consumers were very family oriented. Component 5 comprised of relaxed
consumers. The four types of consumers in this category include Practical, Brand Analyst,
Unhealthy lifestyle and Nonplayful. From Table 1.12 it can be observed that the practical
consumers preferred to purchase shoes from specialized store. The brand analysts were highly
influenced by the behaviour of the salesmen. The consumers who lead unhealthy lifestyle
preferred to purchase formal shoes from the outlets that had better ambiences. The consumers
who generally do not participate in sports activities preferred to purchase unbranded shoes.
Component 6 were named as optimistic consumers. Due to multicollinearity only one variable
qualified for the study. Therefore there was only one type of consumers i.e., the globe trippers
who were passionate about touring around the world. From Table 1.13 it can be observed that the
consumers in this category preferred to purchase formal shoes from the store that sold other
amenities also. Component 7 was named as strivers. The two types of consumers in this
category were active and hard working. The active consumers were colour conscious. The hard
working consumers preferred to purchase formal shoes from specialized store (Refer Table 1.15).
Component 8 was named as systematic. The three types of consumers in this category include,
men who preferred to keep their house neat and clean, men who were attracted towards a
distinctive lifestyle and men who were very cautious about saving money. The first category
preferred formal shoes that were elegant. The second category preferred to purchase formal
shoes from the outlets that had better ambiences. The cautious men who were very particular
about saving money preferred branded footwear (Table 1.17). Component 9 was named as
dominant. Under this category, there were the conventional consumers who primarily preferred
formal shoes that were comfortable. The opinion leaders and the Stay fit type of consumers in
this category were very brand conscious (Table 1.19). Component 10 comprised of spiritual and
diet conscious consumers. There were three types of consumers in this category, the spiritual,
diet conscious and socialising. The spiritual consumers took their purchase decision based on the
behaviour of the salesmen. The diet conscious consumers were highly brand conscious and the
socialising ones preferred formal shoes that were elegant (Table 1.21). Component 11 was
named as stay trim. The two types of consumers in this component include stay trim, the men
who often skipped their breakfast and the Sports Viewers, the men who preferred to watch sports
than any other channels. The stay trim preferred to purchase formal shoes from the outlets, where
the salesmen treated them well. The sports viewers preferred to wear footwear that was primarily
comfortable.
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CONCLUSION
The footwear industry is susceptible to certain vital issues namely, market volatility due to
frequent changes in fashion, diverse market, competition from innumerable manufacturers both
from the organised and unorganized sector and the dissimilar buying habits of the customers.
The conclusion reached through the present study is that mapping the behavioural pattern of the
consumers and then associating with the footwear attributes can help the manufacturers and
retailers to understand their target market better. Further similar behavioural patterns can also
exist in other countries, therefore it becomes easier to tap the global markets. The Indian
Footwear is a sector with tremendous opportunity but still untapped.
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Web References
1. http://www.leatherindia.org/products/footwear.asp,
2. http://en.wikipedia.org/wiki/Bangalore
3. http://www.aplfindia.com/seminars.asp
4. http://www.indianexpress.com/news/footwear-industry-seen-at-rs-38-500-cr/912014/
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