M. S. Ramaiah Management Review ISSN (Print) - 0975-7988

Standardization of Process for Soft Skill Competencies Training Program for Future Health Care Administrators to Enhance the Quality of Care

Roopashree Mandayam Rangayyan , Pushpanjali Krishnappa — Fri, 07 Jul 2023 00:00:00 +0530

A training program for healthcare managers on soft skill competencies enhances knowledge, attitude, practices, skills, and abilities. The objective of the study is to assess the process and develop steps, and suitable methods to adapt the standardization of the training program. To enhance the quality of care in the healthcare organization, training of the workforce has to be effective and need-based. The process needs to be set in by conducting relevant literature searches and by taking relevant suggestions from industry experts and academic personnel. The study is conducted by taking expert opinions regarding the standardization of the process for the soft skill training program for future healthcare professionals. The study results conclude by developing a framework of standardization of the process for soft skill competencies training programs for future health care professionals which is specific and appropriate as per the policies and procedures of health care organizations. The organizational impact on the health care professionals to enhance their standards in terms of competencies, skill-sets, and health care and safety at the workplace. These trainings aid in building human capital management metrics such as employee engagement. This adds to a social pillar by building relationships with the company with the stakeholders. This training and development provide an opportunity to show leadership incentivizes to align with the stakeholders to promote transparency and accountability. The training program articulates that an organization is led and managed with continuous improvement of employees, which in turn leads to corporate governance and corporate sustainability.

Integrating ESG Strategy into Socially Responsible Investment Decisions: A Literature Review

Renuka Babladi, Thamotharan A. — Fri, 07 Jul 2023 00:00:00 +0530

Conscious investors embrace investments with not just financial but also social and environmental benefits. Investment made with a positive and cautious approach considering financial and social benefits is termed as Socially Responsible Investment (SRI). The Environment, Social and Governance (ESG) factors seem to be significant criteria while making socially responsible investment decision by the investor as they believe that their investment has a potential to address environmental and social issues. Nations, businesses, and investors across the world promote SRI, to tackle global issues such climate change, food security, global health, by incorporating ESG practices and strategies. SRI gained substantial importance and momentum post 2008 financial crisis. The study analyses the significance of incorporating ESG variables into SRI investment decision of the investors and the effect of ESG strategies on financial performance of SRI portfolios. The study employs a comprehensive literature review based on research papers, articles, and reports, to evaluate the benefits and challenges associated with integration of ESG criteria into investment strategies. The study contributes to the existing literature on SRI and integration of ESG practices towards sustainable development and there by provides valuable suggestions to policymakers, financial institutions, and researchers.

Environmental, Social and Governance and the Young Investor’s Awareness Level

Hariharan Kovi Surendran — Fri, 07 Jul 2023 00:00:00 +0530

Past research on Environmental, Social and Governance (ESG) and investing in stock has been explained at the level of corporations, financial advisors, portfolio managers, and institutional investors. This study is an attempt to study the level of awareness of young investors in the market with ESG goals. Responsible investing has been studied and published in large level, but when it comes to governance part, investors were not given much awareness on linking ESG and stock investing. Awareness on ESG issues by analyzing their company performance in accordance with the sector balanced outputs would help the investors to do responsible investing. The results of this research study would give more insights to the marketers and policy makers to educate the young investors on ESG for a sustainable and calculated future of stock market investing by providing information about the firm’s ESG goals at the initial level.

Methodology: This study is based on primary data from a group of young investors – MBA finance graduates with an experience on de-mat account trading.

Findings: Respondents have much experience in investing in stocks by considering factors like stock performance, sector performance, and profit percentage and at the least company history and governance. Respondents have rich experience in trading with the theory and practical knowledge gained at the institution/ from the course. With hands-on experience with the aid of stock investing apps in handy, it is not uncommon to do investing for profit percentage alone. It is found that respondents have very less awareness on ESG to link with their investing pattern.

Research limitations: This study is limited to young investors concentrated to MBA finance graduates in a management studies institution in Coimbatore. This research underlines the importance of providing awareness to young investors to link ESG while investing.

A Multi City Study of Logistics Management & Medical Facilities Provided to Combat COVID-19 Pandemic

Gururaj B Urs, Pratistha Bhattacharya , Neelanjan Sarkar — Fri, 07 Jul 2023 00:00:00 +0530

The effects of COVID-19 are having a significant impact on the Healthcare sector. The disease is transmitted by direct touch, through contaminated surface or object. Even though no fool proof or most effective medicine or vaccine has been invented to cure COVID-19. Thus, people are infected very fast and it becomes a threat to the health employees who are directly involved. Logistics provided by the government of health play an important role in the lives of the healthcare providers as they can treat the patients without being infected.

The recovery rate of the patient depends on the primary facilities and aid provided by the healthcare sector. During this situation, the health infrastructure, equipment, and heavy amount of logistics were needed to combat the pandemic. The area of study has been done on a state of India that is West Bengal. The study is mainly focus on West Bengal Healthcare Sector. The data on COVID-19 was drawn up from the Government websites provided by West Bengal Health Department. Total positive case, recovery rate, mortality rate, test per confirm case, and percentage distribution of active cases were calculated. Availability of hospital, ICU beds, and ventilators with respect to total active COVID-19 patient was also computed by government sector.

The result revealed that, Kolkata constitutes more than 30% active case in the West Bengal. Highest active cases in West Bengal belong to South 24 Parganas and highest mortality rate was found in Kolkata. About 6246 people are being tested per every million population. Here, the question arises that, the healthcare facilities provided by the West Bengal Health Department is enough or not.

The priority should be the laid-on expansion of more laboratories and hospitals, logistics like PPE, Gloves, Sanitizer, Mask, and indigenously developed vaccines.