The Role of the Service Sector in the Indian Economy

Amutha, D.; Juliet, M.

doi:10.2139/ssrn.3000398

Cited by 2 publications

(4 citation statements)

References 3 publications

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“…From their point of view, everything comes together at once and threatens to throw things out of order. Since Covid-19 is constantly in the news and various state governments are announcing measures to block it, the number of visits to dealerships has naturally decreased significantly [19]. While governments are also doing their best to curb the spread of Covid-19, growth has been severely affected.…”

Section: Discussionmentioning

confidence: 99%

“…The recovery in demand will occur only in 2021, and the market can go into plus by 1.5%.The Chinese passenger and commercial vehicle market will fall by 2.9% in 2020, while initially Moody's expected growth of 1% [7,8]. And as the new coronavirus outbreak (COVID- 19) intensifies, automakers will suffer even more. The dealers, mainly the Geneva motor show, where automakers are launching their upcoming cars, have been canceled.…”

Section: Introductionmentioning

confidence: 99%

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Problems of the Automotive Business Ecosystem in the Context of a Pandemic

Stepanov¹,

Gorin²,

Tettsoeva³

et al. 2021

Proceedings of the Conference on Current Problems of Our Time: The Relationship of Man and Society (CPT 2020)

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The main purpose of the study is to assess changes in the automotive business related to the development of the main directions of post-crisis development of the automotive business ecosystem, taking into account the internal restructuring of the management system and the mechanism of state support in the conditions of global and regional isolation. Research hypothesis: the pandemic is dangerous to the population as a disease. Its development has influenced the behavioral aspects of the workforce and consumers. The external business environment changes and causes changes in the management system. Moreover, there are new forms of business models that have an effect and can be used in post-crisis development. In the conditions of instability and sanctions restrictions, possible solutions in the ecosystem of the automotive business can be the formation of the strength of the value chain at the global and regional levels. The specific tasks addressed in the article are aimed at creating conditions for adapting businesses and the population to the conditions of restrictions and looking for ways to help those most affected by these restrictions. First, it is necessary to assess the company's stress tolerance. We think that this is not only financial stress resistance, but also psychological, behavioral, managerial, system, team, client, etc. Assessment gives an understanding of the mechanism of action and the possibility of stress relief. The sectoral features of state support for the automotive business ecosystem remain insufficiently studied.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Problems of the Automotive Business Ecosystem in the Context of a Pandemic

Stepanov¹,

Gorin²,

Tettsoeva³

et al. 2021

Proceedings of the Conference on Current Problems of Our Time: The Relationship of Man and Society (CPT 2020)

View full text Add to dashboard Cite

show abstract

Section: Introductionmentioning

confidence: 99%

“…During recent years, formulating development programs toward the development of human capital to achieve critical strategic objectives has become a key consideration that necessitates due and specific attention. On the other hand, with the increase of the role of service sectors in creating jobs and increasing national revenue of countries that are primarily labor-intensive (Amutha and Julite, 2017), it is of vital importance to examine the role of development programs to increase the productivity of human resources in this section. Sofiyabadi et al (2020) point out that according to ILiA Corporation (2016), the Iranian banking industry generates up to 2.5% of the GDP of the country and has the secondhighest penetration rate in the Middle East and North Africa (MENA) region, which is more than 40% of the world's total Islamic banking assets.…”

Section: Introductionmentioning

confidence: 99%

Determinants of the human capital department development programs toward achieving functional strategic objectives: a fuzzy hybrid approach

Valmohammadi

Shahrashoob

2022

ICT

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Purpose Due to the important role of strategic human resources in fulfilling the main objectives of organizations on the one hand and the necessity of having suitable functional strategies in place to operationalize the developmental programs on the other hand, this study aims to identify the factors and sub-factors of developmental programs and their priorities as well as the relationship and interactions of the identified criteria in human capital developmental programs through a hybrid fuzzy decision-making trial and evaluation laboratory –analytic network process approach. Also, the rank of functional strategies to achieve these human resource developmental programs is determined using fuzzy VIsekriterijumska Optimizacija I KOmpromisno Resenje (VIKOR) technique. Design/methodology/approach Through an in-depth review of the relevant literature, the most important criteria and sub-criteria were determined. Then, a questionnaire was designed and distributed among 20 top managers and experts of the surveyed bank. Using geometric mean, the criteria were screened. In the next step, the second pairwise questionnaire was designed and distributed among eight experts, to determine the relations and interrelations among these factors their relevant sub-factors and prioritize them. Finally, using the third designed questionnaire and fuzzy, VIKOR (FVIKOR) technique the ranks of functional strategies were determined. Findings Analysis of the results showed that “future wellness and retirement” is the most influential factor and the “retention” factor is the most permeable factor. Also, human capital planning is the most important factor of this department’s developmental programs in achieving its strategic objectives. Factors “recruiting and hiring,” “retention,” “empowerment” and “future wellness and retirement” were ranked second to fifth, respectively. Finally, the application of the FVIKOR technique revealed that “enhancement and improvement of incentive systems” is the best functional strategy to achieve the developmental plans of the human capital department. Research limitations/implications One of the limitations of this study is the generalizability of the findings, which may be limited by the single case study method used. Practical implications This study presents a comprehensive and effective tool which could specifically help policymakers and top managers of the survey company and other managers of the banking sector in general, to use a quantitative approach toward identification and prioritizations of the determinants factors of the human capital developmental programs toward achieving functional strategic objectives to enhance the satisfaction of their internal customer as the most important asset of their organizations which might lead to the increased external customer satisfaction and, subsequently, increased competitive advantage. Originality/value To the best knowledge of the authors, this is one the first studies of its kind which attempts through a hybrid fuzzy analytical network process and fuzzy DEMATEL approach, presents a structural network model to examine the interrelationships among the human capital developmental programs and prioritizes them, also simultaneously rank the functional strategies toward achieving these programs using FVIKOR technique.

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The Role of the Service Sector in the Indian Economy

Cited by 2 publications

References 3 publications

Problems of the Automotive Business Ecosystem in the Context of a Pandemic

Problems of the Automotive Business Ecosystem in the Context of a Pandemic

Determinants of the human capital department development programs toward achieving functional strategic objectives: a fuzzy hybrid approach

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