REPOSITIONING The Journal of Business and Hospitality

Career Attitude of Employees Influencing Work Engagement: Study of Indian Chemical Industries

Sangeeta Sahu — Sun, 20 Nov 2016 00:00:00 +0000

In this study, influence of career attitude of employees on work engagement is examined. Structural equation modeling was used on a sample of 444 executives from Chemical industries for analysis. Results show that self-directed career attitude contributes significantly towards work engagement. The influence of value driven career attitude was not significant and psychological mindset career attitude was negatively related to work engagement. This finding has implications for organizations in planning recruitment and HR strategies for employees.

Repositioning Vol.1(1) 2016: 1-10

Post-merger Effect on Operating Performance of Financial Institutions: Evidence from Nepal

Hari Prasad Pathak — Sun, 20 Nov 2016 00:00:00 +0000

This article studies post-merger operating performance of financial institutions using the data set published in their annual reports. Based on 22 merger deals made during 2004-20013 by financial institutions listed in the Nepal Stock Exchange, this paper analyzes their financial statements for four years (two year before the merger and two year after the merger) by using six key accounting ratios. In spite of certain limitations, accounting ratios are still considered as a convenient and reliable analytical tool. The article concludes that merger deals fail to significantly improve the post-merger operating performance of financial institutions.

Repositioning Vol.1(1) 2016: 11-22

Insureds’ Perception towards Insurance Services in Pokhara

Jas Bahadur Gurung — Sun, 20 Nov 2016 00:00:00 +0000

The basic objective of this study is to analyze the perception or opinion of Insured on the services provided by the insurers, agents and surveyors in Pokhara valley. Study shows 71.57 percent respondents agreed insurance creates awareness among people. Similarly, 73.53 percent respondents agreed it also provides social security. Regarding interest rates on loan, 57.43 percent respondents are indifferent on their opinion that whether the rate of interest on loan is cheaper or not but 30.69 percent are agreed that interest on loan is cheaper. Sixty-six point six seven percent respondents are neutral that payment of loan installment is easier or not but 22.22 percent opined installment payment is easier in insurance companies. In the context of satisfactoriness of insurance services, 50.49 percent respondents agreed that services of insurance companies are satisfactory. Out of 92 respondents, 71.74 percent argued that they are satisfied with the services of insurance agents and 28.26 percent are not satisfied. Of the total respondents, 35.89 percent agreed on the performance of insurance surveyors is satisfactory and free of bias. But 33.33 percent respondents on the other are neutral about the performance and behavior of surveyors. On the whole, the above facts imply that the perception of insureds towards insurance services is satisfactory in Pokhara valley.

Repositioning Vol.1(1) 2016: 23-36

Envisaged for Sustainable Rural Development: Viability and Challenges of Rural Tourism in Nepal

Prakash Upadhyay — Sun, 20 Nov 2016 00:00:00 +0000

Rural tourism is a lucrative business with many financial, environmental, and socio-cultural benefits however; the development of rural tourism compared to urban tourism is faced with numerous challenges related to its practicability and sustainability. The aim of this paper is to trace the viability and challenges affecting the motivations of rural tourists, in an attempt to improve the understanding of rural tourism motivation for the development of rural tourism in Nepal. The major argument of this paper is that rural tourism though based on need and right based concept, is lately introduced practice and one of the immense areas of entire tourism in Nepal. Principally, it is need based approach because underdeveloped rural area needs to have more jobs created and revenue to be generated. The rapid environmental crisis in urban areas mostly in Kathmandu and other big cities is widening the scope of the rural tourism outside the urban areas. As a phenomenon, rural tourism is related to natural environment, hill, mountains, agricultural terraces, river, rural society and countryside households representing conservation, life style free of cultural pollution, experience, adventure and above all benefit to the local people. A sustainable rural tourism is the product of the careful planning, management and monitoring of tourism development. This study highlighted the evolution of a new way of thinking about development in the form of the rural tourism sustainability paradigm, its viabilities and challenges. The application of the concept of sustainability to rural tourism development was traced, and some of the initiatives of the rural tourism industry were distinguished, culminating in emphasis of the fact that effective planning and implementations are crucial to the long-term economic, social and environmental sustainability of a destination and its rural tourism industry. However, local communities’ inclusion as more active participants in rural tourism development may result in increasing conflicts between them and other stakeholders, including urban tourism, government at local and national levels.

Repositioning Vol.1(1) 2016: 37-52

Hiring New Graduates in Japan and “Character”

Junko Hirasawa — Sun, 20 Nov 2016 00:00:00 +0000

In Japan, the main recruitment method is hiring of new school graduates. Japanese companies attach importance to “character” when hiring new graduates. Why is “character” so important? This study aims to provide a hypothesis. The reason of the overriding importance attached to “character” in new graduate recruitment is the fact that Japanese companies see new graduates as human resources who can be developed as their companions to work with for the long term. “Character” has two aspects: character as a driving force for growth and character as a driving force for development. Skill can be learned later and anyone can acquire knowledge. However, character as a driving force for growth cannot be developed in a short time. Japanese companies develop new graduates primarily through OJT (On the Job Training). This requires hard work. Hence, new graduates should make their superiors and seniors “feel willing to develop them” even at the cost of time.

Repositioning Vol.1(1) 2016: 53-62

Does Loan Size Matter for Productive Application? Evidence from Nepalese Micro-finance Institutions

Bharat Ram Dhungana — Sun, 20 Nov 2016 00:00:00 +0000

This paper examines the loan size and its productive application after involvement in micro-finance programme in western development region of Nepal. The paper is based on primary sources of data collected through structured questionnaires. The survey includes 500 clients from four districts of western development region both from government and Private microfinance institutions. The study shows that there is positive association between size of savings and loans, size of savings and loan application, current loan size and ethnicity, loan size and duration of membership, and finally loan size and its application. It has been found that clients who have taken small size of loans, they have mostly spent their loans on domestic purposes and found poor application of loans in micro-business whereas big loan size clients have greater application of loans in productive sectors. Micro-finance institutions should increase loan size (as per the provision of monitory policy) with necessary entrepreneurship skills that will help to enhance productive application of loans however, strict monitoring and supervision is essential. Thus, MFIs should give equal priority for non-financial services such as financial literacy and provision of entrepreneurship skills through government and non-government organizations that ultimately helps to utilize micro-credit into productive sectors.

Repositioning Vol.1(1) 2016: 63-72

A Plead to Nepali Diaspora: An Urge for Homecoming

Harihar Poudel — Sun, 20 Nov 2016 00:00:00 +0000

Nepal is in dire need of help from the Nepalese Diasporas around the world for her progress and prosperity to come off her backwardness and poverty. Research reflects that education is the major remedy in solving the burning problems of poverty and backwardness. Ironically, educated youngsters have forgotten this land by expensing their skills in other countries of the world readily accepting the degree of second-grade citizenship. This piece aims at making a critical surgery on the hollowness of Nepali Diasporas and make an appeal for them to return back to their home country with well-disposed intention of building their own country and creating their own identity by bringing reference of some literary and non-literary texts.

Repositioning Vol.1(1) 2016: 73-80

Remittance in Rural Phewatal Watershed, Nepal

Tek Bahadur Gurung — Sun, 20 Nov 2016 00:00:00 +0000

Subsistence farming yields only a limited amount of farm products does not meet the needs of the family in rural Phewatal watershed. Because of this, remittance has become an important source of cash income to the agro-based communities of the watershed. To meet their basic needs, leaving their family back home, the young which is 391 from 292 sample households, have gone abroad for jobs, They send approximately Rs 58226000 annually to their family. On average, each household receives approximately Rs 199000 per year; however, the average amount differs widely from nation to nation and community to community. Only a small size of people have gone to affluent countries and 74 p.c. of the total have gone to the Gulf region. Such type of foreign employment has made the distribution of remittance fairly uniform among the households. In addition to this, except in some cases, increasing number of foreign employees brings small positive changes on remittance amount of the households in Phewatal watershed.

Repositioning Vol.1(1) 2016: 81-90

Non-verbal Skills: Unavoidable in Communication

Yog Raj Lamichhane — Sun, 20 Nov 2016 00:00:00 +0000

This paper aims to define communication and incorporate differences between verbal and non-verbal communication. The special focus is given to different kinds of non-verbal skills with their color and creed. Their contribution in professional field is critically examined. As communication is an ongoing and complex process of transmission and reception of message, the implication of non-verbal communication is indispensable. When verbal and non-verbal cues are in conflict, verbal skills are virtually disregarded and the meaning and implication of ‘what’ heavily depends on non-verbal signs and symbols. The paper also highlights the different forms of vocalic and non-vocalic nonverbal cues with rational categorization. It also explores space in which culture and gender affect non-verbal communication by creating different meanings of particular item of behaviors. In this way, this paper attempts to excavate the importance of non-verbal communication in professional life.

Repositioning Vol.1(1) 2016: 91-98

Acknowledgement to Reviewers Vol.1(1)

Jas Bahadur Gurung — Sun, 20 Nov 2016 00:00:00 +0000

No abstract

Editorial Vol.1(1)

Jas Bahadur Gurung — Sun, 20 Nov 2016 00:00:00 +0000

No abstract