Asian Journal of Managerial Science <p>Asian Journal of Managerial Science is a half-yearly, Double-Blind Peer-reviewed, scholarly journal that publishes scientific research on the latest developments and practices of management science, emphasizing modeling, optimization, computation, and data analytics for identifying and solving management problems, making business decisions, and managing risks in complex management systems.</p> en-US (Dr.K.S.Shivraj) (Ms. S. Sukanya) Fri, 28 Oct 2022 00:00:00 +0000 OJS 60 The Relationship between the Exchange Rate Volatility and Inflation in Sri Lanka <p>Exchange rate volatility is also one of the factors which determine the inflation of a country. Therefore, this study aims to analyze the relationship between the exchange rate volatility and inflation in Sri Lanka over the period 1977-2020. This study has used inflation as the dependent variable. Exchange rate, export, import, money supply and foreign direct investment are used as the independent variable. Augmented Dicky- Fuller test is employed to identify the stationary of the variables. This result indicates that the variables are stationary in order one. Johansen Co-Integration test found that there is a positive and significant relationship between the exchange rate volatility and inflation, money supply and export and a negative correlation between the import. Adjustment toward the long-run equilibrium is ensured from the Vector Error Correction model result. But, there is no significant relationship in the shortrun between the exchange rate volatility and inflation. According to the CUSUM test result, the model is stable. From the Granger Causality test, exchange rate volatility has a one-way causal relationship with inflation. Therefore, this study concluded that exchange rate volatility and inflation have a long-run relation and there is no significant correlation between the variables in the short-run. Hence, this study is recommended that the Sri Lankan government must try to stabilize the exchange rate and monitor the amount of money supply within the country.</p> M. N. Fathima Washima Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000 Exploring the Aura of Strategic HRM for Organizational Dexterity <p>Strategic Human Resource Management (SHRM) covers the entire HR strategies used by organizations and attempts to quantify their influence on the performance of the organization. SHRM is a process for evolving and executing HR strategies that are associated with business plans and help the organization attain its objectives. This paper will explore the impression of SHRM in organization skillset and the link between strategic human resource management practices and organizational performance while using the resource-based view (RBV) approach in organizations. Existing research has highlighted or recommended that organizations use either a comprehensive and integrated approach or the best fit strategy to acquire a strategic advantage. The significance of SHRM for businesses will be discussed in this paper. The purpose of this paper is to inform people by providing an insight into the different components connected with Personnel Management and SHRM. It was possible to find many studies on these topics, and the most relevant ones were taken into consideration. To avoid the accumulation of too much data, redundancy, and irrelevance to present activities, the period of the 1990s has been taken into consideration. The method of collecting data is secondary, hence, the majority of the literature was sourced from internet databases and reputable Indian and international books and publications.</p> Manodip Ray Chaudhuri, Shweta Mukherjee Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000 Success Factors in Alternative Delivery Channels of Banking: Innovative Solutions to Meet the Challenges of Bank of the Future <p>This paper aims at understanding the success factors in the Alternative Delivery Channel (ADC) of different scheduled commercial banks in Bangladesh. This research includes the most commonly used channels provided by commercial banks such as ATM, POS, Credit/debit card, mobile banking, internet banking, agent banking, etc. The research methodology involves collecting both primary and secondary data. The primary data was sourced from the questionnaire prepared to find out the significant factors that responsible for the successful venture of any alternative delivery channel of the scheduled banks. The clients were selected based on their services received from ADCs and the sample size is 144. The study also focuses on the reasons why some banks are so successful in this area, why some banks are not. For the secondary data, the authors have taken the individual bank’s data from Bangladesh Bank. The secondary data enabled to assess of the present scenario of the ADC facilities of the commercial banks in Bangladesh. The study will help policymakers to detect the challenges of promoting alternative delivery channels in the banking sector and make solutions to meet the challenges of the future banking system.</p> Saila Sarmin Rapti, Md. Masudur Rahman Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000 Personality Traits, Mentoring and Effectual Logic of Entrepreneurial Self-Efficacy: Implications on Potential Entrepreneurs <p>The intent of this study is to address the role of personality traits, mentoring and the effectual logic of entrepreneurial self-efficacy of potential entrepreneurs. In many research on the psychology of the potential entrepreneurs found that personality traits from the big five personality system namely Openness to experience, Conscientiousness, Extroversion, Agreeableness and Neuroticism and generalized self-efficacy individual belief to perform in every situations. In search of role of mentoring, personality traits on entrepreneurial self-efficacy. Entrepreneurial self-efficacy is defined as the strength of the individual’s belief that he or she capable of successfully performing any task of the entrepreneurship. Entrepreneurial Self efficacy consist of five dimensions namely marketing, innovation, finance-control, management, risk taking. Here we conduct a study on the potential entrepreneurs- students those are being trained and have shown their interest in perusing entrepreneurship. We found that potential entrepreneurs have high self-efficacy in marketing, management and financial control. It was also found that if we identified potential entrepreneurs, resources can be channeled and more effectively. This study investigated the relationships of personality traits, mentoring, and effectual logic on entrepreneurial self-efficacy as established in the past researches. The study uses purposive sampling. The data used is both primary and secondary. The primary data has been collected from 57 entrepreneurial students across Agra region. For collecting primary data used self-constructed questionnaire which has been tested for reliability and validity using principal components analysis and content validity check by the experts. The qualitative data from 25 respondents has also been collected using interview method. The correlation and regression analysis has been used. The findings of the quantitate data suggest that personality traits are positively related to entrepreneurial self-efficacy but around there is no relationship among mentoring and entrepreneurial self-efficacy. It is affected by the factors like the type, size of class, mentor and duration of mentoring session and the liberty they get by the mentors. Here, the problems posed by the current competitive situations which affect the start-up businesses. A significant relationship was found between effectual logic and entrepreneurial self-efficacy.</p> Ratika Rani Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000 Application of ARIMA Model in Forecasting Exchange Rate: Evidence from Bangladesh <p>This paper attempts to apply the ARIMA time series model to forecast the exchange rate of seven currencies (United States Dollar, Euro, Pound sterling, Australian Dollar, Japanese Yen, Canadian Dollar and Swedish Krona) in terms of Bangladeshi Taka (BDT) and to investigate the accuracy of the model by comparing the forecasted rates with the actual exchange rates. It considered daily currency exchange rates (244 selling price) of seven currencies for twelve months from January 2018 to December 2018 to forecast the subsequent one month (25 selling rate) in January 2019 rate. The Durbin-Watson test result shows an autocorrelation in the daily foreign currency exchange rate with the previous rate. The Augmented Dickey-Fuller test result shows data have unit roots and non-stationary. But the 1st differencing becomes data stationary to apply d equal to 1 in ARIMA model. Also, autocorrelation function considers MA(0) and partial autocorrelation function considers AR(1) for the ARIMA model. So, ARIMA (1,1,0) models are selected based on Ljung-Box test, root mean square error, mean absolute percent error, mean absolute error and R-square values. By using the above ARIMA models, forecasted foreign currency exchange rates next one month calculated and compared with the respective actual rates, which validate with Chi-Square test, mean absolute percent error, mean square error, root mean square error values of Goodness fit test. The result shows that predicted foreign currency exchange rates follow ARIMA (1,1,0) model, which may be applied to forecast the foreign currency exchange rates in Bangladesh.</p> Md. Shahidul Islam, Tasnim Uddin Chowdhury Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000 Work Stress during COVID-19: Responses from Select IT-ITEs and KPOs <p>The Corona virus Disease 2019 (COVID-19) has deeply altered social and working environments in several ways. Due to the rapid outbreak of the pandemic, almost every Organisation was responsible for strategic planning to continue further their functional unit by combining the remote and on-site working modes. To proceed with the business transactions in a smooth and speedy manner, remote working culture was introduced in the workplace as a mode of practicing social distancing policy. The new Business Policy i.e., Remote or Hybrid culture is an example of the transformation of business which was applied on multiple levels. The new model of business operation was like a Renaissance for every business function as all individuals were able to adopt the new system in a strategic manner. The Organisation also tried to engage its members with the new ecosystem to deliver the best economic value to the end-users. Restrictions, Social Distancing policies, mandatory lockdown, quarantine period, the anxiety of falling sick and social isolation along with the fear of uncertain layoff and suspension order for job loss generated the fear of missing out (FOMO) which also influences the mental health of the professionals. Workplace facets can play a critical act in controlling or decaying the insane well-being of the population applique this universal sketch. The reason for this paper survey look out and recognize the specialist recognition of work push taking after the scourge rise of COVID-19 and address any diminishing issues like Social Separation and charm that influence useful efficiency and Work-Life-Adjust and the starting of a stretch at the institution. The paper again aims to label the part encumber that developed in the turmoil of the Circadian Rhythm of the operator all the while the ownership of Work from Home (WFH). The size of stress varies on the vital type of the assigned work. The question of stress not only influences the manufacturing but again the strength of the members and the social interactions of their kins. It is individual of surprisingly wonderful meaningful widespread hurdles to the active atmosphere that developed in the emotional disorder of the experts inside the active fixes.</p> Manodip Ray Chaudhuri, Alolika Srimani Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000 COVID-19 Pandemic and Tourism Industry in Himachal Pradesh: An Economic Analysis <p>The emerging infection of COVID-19 pandemic was initiated from Wuhan, China got spread to more than 200 countries around the globe including India. The COVID-19 pandemic is not only dangerous for our health but for the health of the nation also. Indian economy is highly affected due to the lockdown. A large segment of the Indian population lost their livelihood due to shutdown of trades, travel and tourism, commercial and other business activities during the lockdown. In India, the various measures adopted to control this deadly virus had a wide- ranging impact on the various business activities in general and Tourism and Hospitality Industry in particular. Tourism Industry is the backbone of the economy of Himachal Pradesh and provides employment to larger section of the society directly or indirectly. During COVID-19 pandemic, the Tourism Industry has experienced negative growth rate and affected a larger section of the society. This paper made an attempt to study various impact of COVID-19 pandemic on the Tourism sector of Himachal Pradesh.</p> Ajay Sood, Dharam Pal, Ritesh Singh Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000 Emerging Trends in the Indian Life Insurance Industry <p>India’s life insurance industry is rapidly expanding. This Sunrise sector has provided a solid foundation for economic growth and job creation. Because the insurance industry has become more competitive since liberalisation, the insurance regulation and development authority has developed new and formative rules for both products and services. It’s a time when firms’ flagship Unit related plans are bringing in a lot of money. Both technology and investment knowledge are critical during this period. It has been difficult not just to change traditional items to Unit connected products, but also to maintain profitable margins. Customer preferences, fierce competition, and governmental oversight are all driving the development of new products and services. The policy is based on advisers’ recommendations, and internal marketing and motivation are essential. A sustainable and robust system is also required for claim handling and the procurement of new policies. The internet and online policy purchases are a new trend that has motivated businesses to become more significant. The paths to policy sourcing will be high in volume and poor in profit. Rural, social, and micro insurance are new options to consider. The emerging trends and problems that the current industry is facing are discussed in this study. Our research is limited to the life insurance industry.</p> G. Jyothi, S. Harish Babu Copyright (c) 2022 Asian Journal of Managerial Science Fri, 28 Oct 2022 00:00:00 +0000