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    Business in India

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    Jose Francis
    References Appendices

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    Business in India

    Uploaded by

    Jose Francis
    46 views61 pages
    References Appendices

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    References Appendices

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    Download as pptx, pdf, or txt
    46 views61 pages

    Business in India

    Uploaded by

    Jose Francis
    References Appendices

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 61

    Business In India

    Overview of Indian Economy During


    Independence
    • Outdated technology & unscientific management of the industries
    • Poor transport & communication facilities
    • Lack of adequate educational & health care institutions
    • Poverty
    • Unemployment
    • Low GDP
    • PCI
    • Low standard of living
    Stages & Development of Business in India
    • Mixed economy
    • Industrialization
    • The planning commission of india & year plan
    • Public sector enterprises
    • Licensing system
    • Nationalization of banks -14 banks - 1969
    • Nationalization of insurance companies – Jan 19,1956
    • NEP
    • Technological process
    Role of Public Sector
    • Balanced regional development
    • R&D
    • Employment
    • Social welfare
    • Capital formation
    • Infrastructure development
    • Export promotion & import substitution
    • Contribution to government
    Role of Private Sector

    • Improved Standard of living


    • Easy availability of goods
    • Better value for human capital
    • Employment generation
    • Service sector development
    • Innovation
    • Better education
    • Trading
    • Infrastructure
    Role Cooperative Sector

    Economic Role
    • Provide financial assistance
    • Fulfills the needs of the members
    • Increase saving habits Social & Political Role
    • Employment opportunities
    Liberalization
    • Increase national & PCI
    • Make nation self-sufficient
    • Eradicate the problem of unemployment
    • Eradicate the problem of poverty
    • Improve standard of living & achieve BED
    • Reduce the exploitation of people & resources
    Benefits

    Positives Negatives
    • Increase in FDI • Increase unemployment
    • Rise in economic growth
    • Loss to domestic unit
    • Efficiency of domestic firms increased
    • Maximum use of resources • More dependence on foreign
    country
    • Removed the obstacles
    • Reduce tax rates • Unbalanced development
    Privatization
    Objectives of Privatization
    • To increase efficiency & competitive power of the enterprises
    • To strengthen industrial management.
    • To earn more & more Foreign currency.
    • To make optimum use of resources
    • To achieve rapid industrial development of the country.
    Privatization

    Advantages Disadvantages
    • Reduction in economic burden • Monopoly
    • Reduction in sense of irresponsibility • Lack of social welfare
    • Improve efficiency • Increase in inequality
    • Shareholders pressure • Increase in unemployment
    • Reduction in Political Interference • Lack of dividends
    • Encouragement of new Inventions • Exploitation of weaker section
    Globalization

    Advantages Disadvantages
    • Increase in trade • Affect farmers
    • More flexibility • Inequality
    • Employment • Financial stability
    • FDI • Trade deficit
    • Increased competition • Affects small firms
    Assignment
    • Outsourcing
    • Advantages
    • Disadvantages
    Business Ethics
    Features of BE
    • Code of Conduct
    • Based on moral values
    • Protection to social groups
    • Provides basic framework
    • Voluntary
    • Need education & guidance
    • Relative term
    Need, Importance or Advantages
    Factors Influencing Business Ethics
    • Legal system
    • Codes of conduct
    • Organizational culture
    • Religion
    • Vision, mission & values
    • Ethical leadership
    • Competition
    • Political system
    Principles or Rules of BE
    • Avoid exploitation of consumers • No bribe
    • Avoid profiteering • Discourage secret agreement

    • Encourage healthy competition • Service first


    • Practice fair business
    • Ensure accuracy
    • Avoid monopoly
    • Pay taxes regularly • Fulfill customer needs
    • Audit accounts • Respect consumer rights
    • Fair treatment to employees • Accept social responsibilities
    • Keep investors informed • Satisfy consumer wants
    • Avoid discrimination • Service motive
    • Utilization of resources
    Woodrow Wilson Rules
    • Rule of publicity
    • Rule of equivalent price
    • Rule of conscience in business
    • Rule of spirit of service
    Social Responsibility of Business
    Principles of SR
    • Honoring the rights
    • Sustainability
    • Integrity
    • Fairness
    • Co-operation
    • Charity
    • Safety
    Need or Benefits SCR
    • Boon to society
    • Improves employee performance
    • Long term investment
    • Public image
    • Moral responsibility
    • Sustained growth
    • Satisfaction
    • Environment friendly
    Responsibility Towards Interest Groups
    • Owners
    • Investors
    • Government
    • Creditors
    • Employees
    • Suppliers
    • Customers and competitors
    Arguments for & against SR
    Business Research
    • Systematic investigation into and study of materials and sources in order to
    establish facts and reach new conclusions

    • A close and careful study


    Objectives
    Importance
    • Gather information
    • To make changes
    • Improving standard living
    • For a safer life
    • To understand the truth
    • Decision making
    • Understanding the past events
    • Applicable for business
    Types of Research
    • Financial
    • Consumer
    • Product
    • Industry
    • Competitive
    Elements
    • Is board
    • Formal
    • Informal
    • Research is replicable
    • Scientific enquiry
    Types of Reserach
    • Pure Research
    • Applied Research
    • Exploratory
    • Descriptive
    • Empirical
    • Analytical
    Research Process

    • Formulating the Research Problem


    • Literature Survey
    • Developing Hypothesis
    • Preparing Research Design
    • Selecting sample design’
    • Collecting data
    • Analysis of data
    • Hypothesis testing
    • Interpretation
    • Preparation of Report
    Research Report
    Qualities of Good Report
    • Clarity
    • Continuity
    • Consistency
    • Brevity
    • Readability
    • Interest and Appeal
    • Judicious selection of material
    • Avoiding personal opinion
    • Focus on central ideas
    • Proper references
    Types of Report

    • Oral
    • Written
    • Technical
    • Popular
    • Interim
    • Summary
    Parts or Components of RR
    1. Primary section
    Tittle Page
    Declaration
    Certificate of the Guide
    Acknowledgement
    Content
    List of Abbreviations
    List of Tables of Diagrams
    Parts or Components of RR
    2. Main Text
    • Introduction
    • Methodology
    • Findings
    • Conclusion
    3. End Matter

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