Kent Ridge extends University of Moratuwa Research
Kent Ridge extends University of Moratuwa Research to the industry Kent Ridge (Pvt) Ltd, the innovative Human Resources Management solutions provider, and the University of Moratuwa (UoM). Department of Computer Science and Engineering (CSE) have jointly published a research compendium comprising the research work of MBA in IT programme students of UoM.
The main aim of publishing the compendium is to share the research findings with the industry, which is a pioneering initiative related to MBA research in Sri Lanka, the company up,” he predicted.
The goal of any business is to maximize shareholder wealth and buying a company that helps accomplish that goal is seen as a good thing. However merging with a loss making, sick or just surviving smaller company doesn’t make any sense, he said, adding that a majority of strong NBFI’s held this view.
When asked to comment on failures after merging with smaller companies in other countries, Central Bank Governor Ajith Nivard Cabraal noted that they have learn lessons from such failures and it will not be repeated in Sri Lanka.
The new rules will facilitate the merged entity to broad-base it's presence into a widespread locations and to attract more business opportunities, which will eventually, not only enhance the income levels of the company but also facilitate the need for the hour to cater to a larger and diversified segment of the society in the development process, he pointed out.
The NBFI’s which are currently having negative net worth are expected to be absorbed by December 2014 and other mergers to be completed by 2015.
The aim is to increase the minimum core capital of these entities to Rs. 1 billion by 1st January 2016 and to further increase it to Rs. 1.5 billion by 1st January 2018.
A former Association President said that smaller negative net worth finance companies with less than 400 million core capital should be resurrected for the benefit of depositors.
The Central Bank has taken this initiative towards this end and everyone in the industry should strive to make these finance companies more viable.
Duplication of functions within each firm should be eliminated to the benefit of the combined firm.
Functions such as accounting, purchasing, and marketing efforts immediately come to mind. This is particularly true if two relatively small firms merge.
The retrenchment of employees should be carried out under voluntary retirement schemes, but there won’t be large scale job cuts after the merging of two same entities, he asserted. said.
Titled "MBA-IT Research Compendium 2013", the publication consists of 20 summaries of research studies relating to people management and was launched at a ceremony held at Lakshman Kadirgamar Institute recently.
"In the past, these research studies which are very relevant to the ICT industry in Sri Lanka have largely gone unnoticed. In order to harness the value of such research, rather than letting them go unnoticed, Dr. Chandana Gamage-Head of CSE Department discussed with me on the possi- try revealed.
With rapidly rising prices of commodities the real value of fixed income earned by public and private sector employees has been eroded to a great extent. Bringing down commodity levies especially taxes on fuel, electricity and other essential items is the ideal policy rather than introducing discriminatory policies on wage and salary hikes of public sector employees, the analysts said. bility of sharing the research with the industry and a wider audience by summarising and publishing them" said Janaka Kumarasinghe-Senior Visiting Lecturer UoM, Director of Kent Ridge (Pvt) Ltd, and Past President of IPM, Sri Lanka. "We feel that such endeavours will not only motivate the students and their dedicated supervisors, but also stimulate creating a research culture which is vital for knowledge creation in Sri Lanka," Mr. Kumarasinghe who is also the editor of the compendium, said.
"Kent Ridge has aimed at achieving excellence by providing solutions to develop human resources and strengthen organisations from both the public and private sectors of Sri Lanka, as well as those from overseas countries.
As a result within a short span Kent Ridge has reached a wide customer base including fortune five hundred companies, five star hotels, global MNCs, local blue chip companies, national professional and sports bodies, banks and state universities," the statement said.
The softcopy of the research compendium is available on www.kentridge.lk