i-manager's Journal on Management (JMGT)


Volume 17 Issue 4 April - June 2023

Research Paper

Youth Perception towards Entrepreneurial Ecosystem in Bangladesh: A Deep Diving Investigation through In-Depth Interviews

MD. Mokarremul Hoque Helal Mridha* , MD. Kamruzzaman**, MD. Shamim Hossain***
*-** Institute of Bangladesh Studies (IBS), University of Rajshahi, Bangladesh.
*** Department of Management Studies, University of Rajshahi, Bangladesh.
Mridha, M. H. H., Kamruzzaman, and Hossain, S. (2023). Youth Perception towards Entrepreneurial Ecosystem in Bangladesh: A Deep Diving Investigation through In-Depth Interviews. i-manager’s Journal on Management, 17(4), 1-9. https://doi.org/10.26634/jmgt.17.4.19755

Abstract

The entrepreneurial ecosystem and its factors are mandatory for entrepreneurship development. A congenial ecosystem creates a positive perception among potential entrepreneurs. Every year, youths in tertiary education in Bangladesh graduate and pursue a limited number of jobs, resulting in many of them being left unemployed. Therefore, a substitute for a job is required, which can be achieved through entrepreneurship development. It necessitates a congenial ecosystem. Thus, this study aims to investigate the perception of youth towards the entrepreneurial ecosystem in Bangladesh. The study is based on twenty-two in-depth interviews with youth studying in tertiary education. The findings reveal that the perception of the factors in the entrepreneurial ecosystem is not very positive. However, most of the interviewees admitted that they are not well aware of the existing factors in the entrepreneurial ecosystem and have simply expressed their inferences.

Research Paper

A Comparative Study of HR Practices between the Hospitality Industry and Other Sectors in Bhiwadi

Priyanka Rana* , Shailendra Kumar Rai**, Manan Sil***, Sunil Kumar****
*-** School of Commerce & Management, IIMT University, Meerut, Uttar Pradesh, India.
*** Domain Expert, F&B Operations, Centre of Excellence T&H, Bhiwadi, Rajasthan, India.
**** Sr. Domain Expert, Food Production, Centre of Excellence T&H, Bhiwadi, Rajasthan, India.
Rana, P., Rai, S. K., Sil, M., and Kumar, S. (2023). A Comparative Study of HR Practices between the Hospitality Industry and Other Sectors in Bhiwadi. i-manager’s Journal on Management, 17(4), 10-21. https://doi.org/10.26634/jmgt.17.4.19786

Abstract

Employees in the public and private sectors who work to assist the sector's expansion are considered to be talented. The performance and value an organization can deliver are highly dependent on the knowledge, skills, and motivation of the people responsible for delivering the various services. These are probably the most important inputs to the system. Despite the large size of public sector organizations, the private sector still provides most services, currently providing 70% of services. The hospitality industry requires a multidisciplinary set of skills and knowledge and employs a wide variety of different categories of employees. It has been observed that supervisory staff, middle management, and senior executives play an important role in the provision of hospitality services. Hotel managers must be aware of the qualitative and quantitative needs of different departments and manage different aspects of personnel management in an appropriate manner. However, lower occupancy rates, higher capacity, shorter guest stays, and the erosion of a hotel's once-sacred image are all effects of a dynamic and complex hospitality environment. Last but not least, "quality of care" is the most important issue in the hospitality industry, related to inadequate guest care and guest preferences and choices. Business growth and performance concerns are inseparable from this issue.

Research Paper

Talent Management Errors in Recruiting - Case Study Approach

Mustafa Salimi* , K. S. Chandrasekar**
*-**Institute of Management, University of Kerala, Trivandrum, Kerala, India.
Salimi, M., and Chandrasekar, K. S. (2023). Talent Management Errors in Recruiting - Case Study Approach. i-manager’s Journal on Management, 17(4), 22-30. https://doi.org/10.26634/jmgt.17.4.19850

Abstract

The fundamental goal of every organization is to provide quality products and services, be a pioneer in the corporate market, and achieve maximum customer satisfaction. The current concern pertains to how organizations can effectively implement these goals within a practical working environment. This study focuses on improving quality in the recruitment process by highlighting means and mediums that contribute to biased or faulty recruitment, resulting in the loss of best-fit candidates. Faulty or biased recruitment mainly refers to the conscious and subconscious biases exhibited by recruiters toward the candidates. This descriptive study is based on a real case study, employing the observation method of data collection to shed light on the issues caused by recruitment biases within an organization. The study also demonstrates a set of key factors that cause faulty recruitment and suggests possible solutions. The findings elaborate that faulty recruitment is due to cognitive biases, unstructured interview methods, and human errors. The recommendations show further precautions to be considered to avoid biases in the recruitment process.

Research Paper

Positive and Negative Impact of Social Media on Youths in Thiruvananthapuram District

Varna Sabu V.* , Rushit Gnanaroy E.**
* Department of Commerce, Christ College, Vizhinjam, Thiruvananthapuram, Kerala, India.
** Department of Management, Jaya Engineering College, Thiruninravur, Chennai, Tamil Nadu, India.
Sabu, V. V., and Gnanaroy, E. R. (2023). Positive and Negative Impact of Social Media on Youths in Thiruvananthapuram District. i-manager’s Journal on Management, 17(4), 31-34. https://doi.org/10.26634/jmgt.17.4.19851

Abstract

Social media significantly contributes to the online community by connecting people who communicate and share knowledge. Facebook, Wikipedia, Twitter, WhatsApp, Pinterest, LinkedIn, Instagram, and Reddit are some of the most popular social media sites. These are not only social networking sites but also places where people can divulge personal information to the public and the community. Additionally, business owners sell their products on social media and profit from crowdfunding. Data analytics gather and analyze social networking platform data, enabling businesses to make wise decisions. Students and young people are greatly impacted by social media, which influences their consideration of human nature and the inadvertent development of fanaticism and avarice. Therefore, social media is used to both elevate and degrade people from all walks of life. This study shows the positive and negative impact of social media on youth in different sectors.

Opinion Paper

Is the Role of Universities and Colleges Vital in Employment Generation? Can Indian Universities Afford to Ignore? At What Cost? Who Pays?

B. M. Naik*
Shri Guru Gobind Singhji Institute of Engineering and Technology (SGGSIET), Maharashtra, India.
Naik, B. M. (2023). Is the Role of Universities and Colleges Vital in Employment Generation? Can Indian Universities Afford to Ignore? At What Cost? Who Pays? i-manager’s Journal on Management, 17(4), 35-46. https://doi.org/10.26634/jmgt.17.4.19774

Abstract

This paper presents the need and importance of productive employment, which is a significant issue in India. The government is currently considering sustained scientific efforts such as technological innovation, creativity, and start-ups in hi-tech through higher education to generate jobs. The education offered by universities follows traditional methods and does not align with the changing world. Governments are now exploring opportunities and scopes to generate productive employment through innovation, incubation, and research parks, among others. It is observed that a strong, innovative university system is a prerequisite for increasing the employability of graduates and for employment generation and development. It is recommended to urgently take steps to create entrepreneurs, new knowledge, new technology, patents, and intellectual property rights, and establish technology-based firms in partnership with the industry. This paper presents the new role and responsibility of universities and colleges in imparting education in an innovative way, fostering synergy with industry, and keeping up with fast-advancing technology. This has become essential in these changing times, especially under globalization pressures. Case studies from developed countries are presented in support of this. It is recommended that funding agencies such as the World Bank, UNESCO, the Asian Development Bank, and developed countries prioritize reforms in higher education and guide India in increasing employability for productive jobs. This paper briefly presents problems in the adoption and implementation of innovation methods. Policy implications in this effort to generate jobs are identified and presented to facilitate the government's adoption of new approaches to fulfill the growing aspirations of the people. Conclusions are drawn to enhance the employability of graduates by making them creative and innovative for job generation.