Note From Editor-in-Chief

Author:Pattanayak, Biswajeet
 
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The debacle of Global Trust Bank in 2001 in India, subsequent largest bankruptcy filed in United States by the Lehman Brothers in 2008 and the recent largest corporate fraud in Indian history in Satyam in 2009 have given enough food for thought to the contemporary researchers to understand the processes and functioning of the corporations in terms of corporate governance. It is equally pertinent to evolve the strategy for business continuity during and after the disaster.

Douglas Paton in his paper "Business Continuity During and After Disaster: Building Resilience through Continuity, Planning and Management" has highlighted the tools and techniques of developing a learning culture, staff and managerial competencies in developing effective disaster business continuity plan. This paper reflects continuity planning which facilitates business ability for risk assessment and risk mitigation strategies.

It is always a matter of criticality to understand whether organizational facilities motivate people to exert high performance or a facultative organization is a better platform to motivate people. Sanjay Mazumdar in his paper "Organizational Facilities and Facultative Organization" has examined the importance of people centered approach in creating facultative organization which will have an environment more relevant, contextual and sensitively responsive for its members.

The paper titled "Designing New Financial Instruments Using Financial Engineering - A Building Block Approach" by Loknath Mishra has attempted to throw an understanding as to how financial engineers have been able to design new financial instruments by building block approach. It has discussed important financial instruments which would meet the requirements of the stakeholders.

There is an emerging trend of increasing in the number of women workforce in India but it is not true in case of women vendors. The study on "Women Hawkers in New Economic Environment : A Case of Navi Mumbai" by Sumita Sarkar and Manjari Srivastava has explored the status of a section of women engaged in micro entrepreneurship. It has revealed interesting findings like relationship between poor socio-economic status and poor literacy level, vulnerability to harassment, sexual exploitation etc.

Public Sectors Organizations were created in the 1st Five Year plan with a basic objective to generate employment. In the globalization of economy and cut-throat competition, the role of...

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