logging in or signing up management of public enterprises shashipingali Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 478 Category: Entertainment License: All Rights Reserved Like it (2) Dislike it (0) Added: December 07, 2010 This Presentation is Public Favorites: 1 Presentation Description No description available. Comments Posting comment... By: phagunsethi (15 month(s) ago) UNERSTANDABLE AND SIMPLE PRESENTATION Saving..... Post Reply Close Saving..... Edit Comment Close By: phagunsethi (15 month(s) ago) UNERSTANDABLE AND SIMPLE PRESENTATION Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript MANAGEMENT OF PUBLIC ENTERPRISES : MANAGEMENT OF PUBLIC ENTERPRISES Presented by: P.KULABHUSHAN BHARADWAJ Slide 2: What is “PUBLIC” in the term “PUBLIC ENTERPRISE” ? Three implications: Government ownership (eg. I O C) Widespread ownership (eg. H U L) Open access (eg. Reliance Fresh) Slide 3: Definition: An industry or a commercial firm that is owned, maintained and controlled by the Government. Features: Objective of the organization Not earning the profits Seeing for the common good of society Responsibility towards shareholders Exception in India Responsible directly to the Government & concerned Minister Slide 4: Some of the Objectives are: To influence employment, balance of payments & regulation of market To promote rapid economic development of unprivileged sectors To direct the finance & monetary policy To ensure continuation of activities of low financial yield in which private initiative is lacking Creating necessary infrastructural facilities for performing its activities To make the country self reliant and internationally competitive in technology Slide 5: Forms of Organization used in a public enterprise: Departmental Organization Features: Run by a Govt. Organization with a minister at top Financed by annual budget allocations Revenue earned & expended are done through Govt. treasury Audit & accounting rules are the same that apply for other Govt. depts. Examples: Railways, Post & Telegraph Dept. Statutory corporation Features: Created by special Act of Parliament or State Legislature Thus accountable to either of these two. Capital owned & subscribed by the Govt. Management in the hands of Board of Directors appointed by the Govt. Slide 6: Employees are mostly recruited by itself also has financial autonomy to rise its own funds Exempted from many regulatory & prohibitory laws that apply to Private Enterprises Examples: O N G C, L I C etc…… Government Company Features: Formed under Companies Act, 1956 Raises its Capital by selling its shares (either entirely or partly Govt.) Accountable both to its Shareholders & Parliament or Legislature Its Auditor appointed by Central Govt. on the advice of Comptroller & Auditor General of India. Employees are completely recruited by the firm itself Examples: H U L, Indian Telephone Industry etc…….. Slide 7: Problems of Public Enterprises in India: Bureaucratic Management Parliamentary control & lack of Autonomy Lack of proper price policy Delays & cost over-runs Overstaffing Poor Profitability Poor labour-management relations Slide 8: Government efforts to improve Public Sector: Reduction in the scope of the Public Sector Memorandum of Understanding Navratnas Bureau of Public Enterprise Slide 9: Thank you n All d best You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
management of public enterprises shashipingali Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 478 Category: Entertainment License: All Rights Reserved Like it (2) Dislike it (0) Added: December 07, 2010 This Presentation is Public Favorites: 1 Presentation Description No description available. Comments Posting comment... By: phagunsethi (15 month(s) ago) UNERSTANDABLE AND SIMPLE PRESENTATION Saving..... Post Reply Close Saving..... Edit Comment Close By: phagunsethi (15 month(s) ago) UNERSTANDABLE AND SIMPLE PRESENTATION Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript MANAGEMENT OF PUBLIC ENTERPRISES : MANAGEMENT OF PUBLIC ENTERPRISES Presented by: P.KULABHUSHAN BHARADWAJ Slide 2: What is “PUBLIC” in the term “PUBLIC ENTERPRISE” ? Three implications: Government ownership (eg. I O C) Widespread ownership (eg. H U L) Open access (eg. Reliance Fresh) Slide 3: Definition: An industry or a commercial firm that is owned, maintained and controlled by the Government. Features: Objective of the organization Not earning the profits Seeing for the common good of society Responsibility towards shareholders Exception in India Responsible directly to the Government & concerned Minister Slide 4: Some of the Objectives are: To influence employment, balance of payments & regulation of market To promote rapid economic development of unprivileged sectors To direct the finance & monetary policy To ensure continuation of activities of low financial yield in which private initiative is lacking Creating necessary infrastructural facilities for performing its activities To make the country self reliant and internationally competitive in technology Slide 5: Forms of Organization used in a public enterprise: Departmental Organization Features: Run by a Govt. Organization with a minister at top Financed by annual budget allocations Revenue earned & expended are done through Govt. treasury Audit & accounting rules are the same that apply for other Govt. depts. Examples: Railways, Post & Telegraph Dept. Statutory corporation Features: Created by special Act of Parliament or State Legislature Thus accountable to either of these two. Capital owned & subscribed by the Govt. Management in the hands of Board of Directors appointed by the Govt. Slide 6: Employees are mostly recruited by itself also has financial autonomy to rise its own funds Exempted from many regulatory & prohibitory laws that apply to Private Enterprises Examples: O N G C, L I C etc…… Government Company Features: Formed under Companies Act, 1956 Raises its Capital by selling its shares (either entirely or partly Govt.) Accountable both to its Shareholders & Parliament or Legislature Its Auditor appointed by Central Govt. on the advice of Comptroller & Auditor General of India. Employees are completely recruited by the firm itself Examples: H U L, Indian Telephone Industry etc…….. Slide 7: Problems of Public Enterprises in India: Bureaucratic Management Parliamentary control & lack of Autonomy Lack of proper price policy Delays & cost over-runs Overstaffing Poor Profitability Poor labour-management relations Slide 8: Government efforts to improve Public Sector: Reduction in the scope of the Public Sector Memorandum of Understanding Navratnas Bureau of Public Enterprise Slide 9: Thank you n All d best