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Author:
Publisher:
ISBN:
Category : Government business enterprises
Languages : en
Pages : 364
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Book Description
Author:
Publisher:
ISBN:
Category : Government business enterprises
Languages : en
Pages : 364
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Book Description
Author: K.S. Ramachandran
Publisher: Northern Book Centre
ISBN: 9788172112271
Category : India
Languages : en
Pages : 484
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Book Description
When Peter Drucker dictated to the US auto industry in the seventies and the latter followed suit with impressive gains for its constituents that costs must be price-driven he not merely repudiated the well established principle of marginal cost determining the price but also sent the strong message across that the economics that mattered to managers was what ruled over the market and not what academic theory laid down. The Ford Company priced its luxury limousine, Mustang, at $1995 on the basis of Drucker's diktat and made a huge profit. Indeed, it emerges that several US manufacturers acted on that very basis and made themselves largely competitive. The record of the eighties tells us that American industry paid a heavy price for its retreat after a decade or so to the regime of cost-based pricing. Drucker seemed to entertain a personal dislike for Keynes and had several harsh things to say about The General Theory. But, he generally accepted Keynes' demand side economics. Both Drucker and Tom Peters sought to dovetail economic theory to the compulsions of the market place. The key message that aspiring and practising managers alike get from these titans is that a good part of conventional economic theory is irrelevant to the demands that managerial functions make on their expertise and professionalism. Price-based costing, for instance, is the first step towards managerial excellence. Companies, which perform well, could have achieved a high level of competitiveness on that basis. The toppers in the corporate arena globally and in the limited Indian context could hardly be prospering with the backward looking cost-based pricing strategy. True management lies in managing costs so as to offer products and services at prices that the market can bear. Globally, the best working strategy is often differential costing and pricing for diverse markets, but excellence is identified only with competitive costing that is price-determined. In the early sixties, the joke one heard about the pioneering research institutions in the country was that the bigwigs there were still stuck with the classical economics of Alfred Marshall, but obviously this was quite unfair and the economic academia generally was well versed in Keynesianism. The Indian economist, Dr. V.K.R.V. Rao’s celebrated rejection in 1949 of Keynesian theory as inappropriate to developing economies, in fact, underlines this aspect. Finally, is there any scope for transplantation of the indifference curves theory, which dictates that the consumer is indifferent in regard to the choice of market baskets? Yes, we can do this in regard to all petro goods subsidised or otherwise although we should remember that differential State duties on these goods as much as the rates of excise overall contest the assumption of indifference. Generally, where subsidies are uniformly available to all consumers, this theory can be said to retain its validity. A uniform system of VAT which is the ultimate goal should uphold the theory. I would close this paper with this. I suppose, economics should be re-written on the basis of what happens in the market place, by how the market behaves as much as how policymakers and administrators as well as regulators play their game.
Author: P.K. Jain
Publisher: Springer
ISBN: 8132217624
Category : Law
Languages : en
Pages : 403
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Book Description
The book examines the various aspects of non-financial central public sector enterprises (PSEs) in India, for a period from 1986-87 to 2010-11. The analysis is based on all the key financial ratios; namely, profitability, efficiency, liquidity, leverage and productivity. Liberalization and globalization have caused competition in India and have lowered the profit margins. At the same time, Indian government has reduced subsidies and budgetary support for PSEs to curtail their own fiscal deficit. Strategic and economic reforms were also introduced in PSEs to make their operations commercially profitable so that they are not dependent on the government to meet their financial requirements on the one hand, and have their own earnings to finance their expansion/modernization requirements as well as their social obligations, on the other. To what extent, the PSEs have succeeded in this objective constitutes one major aspect of the present research work. The other equally important aspect examined is financial performance of the PSEs which have opted for disinvestment and have signed memorandum of understanding (MoU)/ self obligations. The Indian Government has desired the central PSEs to be profitable in their operations in post-liberation era of 1990s. For this purpose, two major instruments, namely, disinvestment and MoUs, were introduced. This book examines, in detail, financial performance of PSEs which had opted for disinvestment and have signed MoU. Based on analysis/ findings and literature on the subject, the book contains some concrete suggestions that would prove extremely helpful to Indian Government to further improve their financial performance.
Author: Wouter Van Dooren
Publisher: Routledge
ISBN: 1134197012
Category : Business & Economics
Languages : en
Pages : 317
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Book Description
Tackling the key topics of reform and modernization, this important new book systematically examines performance in public management systems. The authors present this seminal subject in an informative and accessible manner, tackling some of the most important themes. Performance Management in the Public Sector takes as its point of departure a broad definition of performance to redefine major and basic mechanisms in public administration, both theoretically and in practice. The book: situates performance in some of the current public management debates; discusses the many definitions of ‘performance’ and how it has become one of the contested agendas of public management; examines measurement, incorporation and use of performance information; and explores the challenges and future directions of performance management. A must-read for any student or practitioner of public management, this core text will prove invaluable to anyone wanting to improve their understanding of performance management in the public sector.
Author:
Publisher:
ISBN:
Category : Pakistan
Languages : en
Pages : 436
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Book Description
Author: Dr. V. C. Sinha, Ritika Sinha
Publisher: SBPD Publications
ISBN: 935167147X
Category : Business & Economics
Languages : en
Pages : 501
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Book Description
An excellent book for commerce students appearing in competitive, professional and other examinations 1.Indian Business Environment : Concepts, Components and Importance, 2. Environmental Analysis or Scanning, 3. National Income in India, 4. Savings and Investment in India, 5. Industrial Development of India, 6. Public and Private Sectors in India, 7. Foreign Trade in India, 8. Balance of Trade and Balance of Payments, 9. Money and Finance in India, 10 . Price Trends and Inflation, 11. Problem of Poverty, 12. Unemployment Problem in India, 13. Regional Imbalances, 14. Parallel Economy, 15. Industrial Sickness, 16. ndustrial Policy, Industrial Licensing and National Manufacturing Policy [New Industrial Policy, Industrial (Development and Regulation) Act. MRTP and Competition Act. 2001, 17. Monetary Policy of India, 18. Export-Import Policy of India or Foreign Trade Policy of India, 19. Fiscal Policy of India, 20. Privatisation and Disinvestment in India, 21. Foreign Exchange Management Act, 1999, 22. Foreign Capital, Collaboration and Multinational Corporations, 23. International Trading Environment, World Trade & Problems of Developing Countries, 24. Foreign Trade and Economic Growth, 25. General Agreement on Tariffs and Trade (GATT) and World Trade Organisation (WTO), 26. The World Bank (International Bank for Reconstruction and Development), 27. International Monetary Fund, 28. Devaluation, 29. United Nations Conference on Trade and Development (UNCTAD), 30. International Economic Grouping EU, EFTA, ASEAN, SAARC, SAPTA, 31. International Trade Agreements—GSP, GSTP and Counter Trade, 32. Twelfth Five Year Plan, 33. Social Injustice.
Author: Neil M. Boyd
Publisher: Taylor & Francis
ISBN: 1003811469
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
This book evaluates public service motivation (PSM) within the milieu of a broader conceptual and theoretical landscape beyond public management with a primary focus in management and the social sciences. As the literature around public management has evolved, scholars have suggested that PSM can direct applicants toward public service-oriented careers, and once hired, many have posited that PSM is linked to psychological outcomes and behavioral activity within public service-oriented organizations. Although some scholars have attempted to characterize and study PSM in relation to concepts outside of public management, the vast majority of scholarship has been grounded specifically in the public management literature. This is true when characterizing PSM as a factor that relates to career choice as well as a predictor of motivated states once one occupies a role within an organization. Given its continued vigor and its legitimacy, it could be argued that in recent decades, PSM has indeed become one of the most prominent concepts in public management. This book will be of interest to researchers and students in the fields of public management and public administration, as well as to policy makers and public service managers. The chapters in this book were originally published in Public Management Review.
Author: Jianguo Gao
Publisher: Springer Nature
ISBN: 9811661944
Category : Social Science
Languages : en
Pages : 367
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Book Description
This book analyzes the positive changes, challenges, and corresponding solutions regarding charitable donation in China. It discusses a number of issues, including donors and their modes of donation, donation intermediaries and their behavioral characteristics, cultural and social factors influencing charitable donation, methods of raising charitable funds, ways of providing charitable assistance and innovation, and trends in the development of charitable donation mechanisms in China. Confirming previous findings and integrating theoretical and applied studies, the book draws new conclusions and offers fresh insights into the research questions. It also includes a multi-dimensional analysis of the behavioral patterns of the donors and the charitable donation mechanisms in contemporary China from integrated perspectives, with a systematic generalization of their key features and trends. Further topics explored include the community-based charity promotion mechanism and the trends in the mechanism development in China, which have seldom been touched on by other scholars in the field.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264009434
Category :
Languages : en
Pages : 232
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Book Description
Presents the OECD Guidelines on Corporate Governance of State-Owned Enterprises as well as a comparative overview of main practices and issues related to corporate governance of state-owned enterprises in the OECD area.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451831021
Category : Business & Economics
Languages : en
Pages : 90
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Book Description
This paper examines Peru’s 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion. In 2003, Peru’s real GDP grew by 4 percent, with inflation of 2.5 percent and a further strengthening of the external position. Fiscal reforms have progressed well over the last two years, including the creation of a sound legal framework for fiscal decentralization, improved fiscal transparency, and further pension reforms. The authorities' economic program for 2004 foresees continued economic growth, based on a further recovery of investment and strong export growth.
