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ASSIGNMENT
Course Code : MS - 92
Course Title : Management of Public
Enterprises
Assignment Code : MS-92/TMA/SEM
- I/2014
Coverage : All Blocks
Note
: Attempt all the questions and submit this assignment on or before 30th April,
2014 to the coordinator of your study center.
1. Briefly explain the rationale for
the establishment of Public Enterprises in India with special reference to its
development objectives.
Answer : Rational of Public Enterprises
Role
and Rationale of Public Enterprises
The public sector has been playing a
vital role in the economic development of the country. In fact the public
sector has come to occupy such an important place in our economy that on its
effective performance depends largely the achievement of the country's economic
and social goals.
Public sector is considered a powerful
engine of economic development and an important instrument of self-reliance.
The
main contributions of public enterprises to the country's economy and the need
for the establishment of public enterprises arises on account of the following
reasons :
1.
Planned economic development: The modern economy has inevitably to be a
planned economy. The national responsibility of planning cannot be entrusted to
any authority other than the Government. Need for planned development of the
country has made it essential for the Government to establish and control
business
2. Discuss the various heads under
which Public Enterprises audit is conducted by the Comptroller and Auditor -
General of India.
Answer : As the most important
instrument of accountability, the Comptroller
and Auditor General of India has a dual role to perform as an agency to
function on behalf of the Legislature to ensure that the executive complies
with the various laws passed by the Legislature in letter and spirit, and
secondly, on behalf of the Executive to ensure compliance by subordinate
authorities with the rules and orders issued by it. The Comptroller and Auditor General of India, as the head of the Indian Audit and Accounts Department,
is thus neither a part of the Legislature nor the Executive but is an officer
created by the Constitution to see that diverse authorities act in regard to
all financial matters in accordance with the Constitution and the laws and
rules framed there under.
3. What are the various causes of
industrial sickness faced by public enterprises? Discuss taking example of any
sick public enterprise of your choice.
Answer : Industrial sickness
especially in small-scale Industry has been always a demerit for the Indian
economy, because more and more industries like – cotton, Jute, Sugar, Textile
small steel and engineering industries are being affected by this sickness
problem. Loss making industries, both in the private sector and public sector
are contributing for the downfall of industrial economy.
There has been an increase in
industrial sickness, both in the large and small sectors, in India. By
consoling that this is, to some extent, a corollary of industrial growth, one
shall not belittle the seriousness of the problem. Industrial sickness
4. “A successful project requires a
thorough control mechanism.” Discuss this statement using illustrations.
Answer : The successful performance of
a project depends on appropriate planning. The execution of a project is based
on a robust project plan and can only be achieved through an effective schedule
control methodology. The development of
a suitable Project Control system is an important part of the project
management effort . Furthermore, it is widely recognised that planning and
monitoring plays a major role as the cause of project failures. Despite the
continuous evolution in the project management field, it appears evident that
the traditional approach still shows a lack of utilisation of Project Controls
and there have been a number of articles published to support the importance of
control in the achievement of project objectives. It has been proved time and again
that Project performance can be improved if dedicated Project Controls systems
are in place.
5. List out the strategic issues which
arise out of disinvestment of public enterprises.
Answer : What is Disinvestment
Investment refers to conversion of
money or cash into securities, debentures, bonds or any other claims on money.
At the same time, disinvestment involves the conversion of money claims or
securities into money or cash.
Disinvestment
of Public sector undertakings
Disinvestment is a wider term
extending from dilution of the stake of the government to a level where there
is no change in the control to dilution that results in the transfer of
management. The transfer of ownership may occur when in an
6. Write short notes on the following:
a) Navratna Dispensation
Answer : Navratna was the title given
originally to 9 Public Sector Enterprises (PSEs) identified by the Government
of India in 1997 as "public sector companies that have comparative
advantages", giving them greater autonomy to compete in the global market
so as to "support [them] in their drive to become global giants".
b) Corporate Governance
Answer : Corporate governance refers to the system by which corporations are
directed and controlled. The governance structure specifies the distribution of
rights and responsibilities among different participants in the corporation
(such as the board of directors, managers, shareholders, creditors, auditors,
regulators, and other stakeholders) and specifies the rules and procedures for
making decisions in corporate affairs. Governance provides the structure
through which corporations set and pursue their objectives, while reflecting the
context of the social, regulatory and market environment. Governance is a
mechanism for monitoring the actions, policies and decisions of corporations.
Governance involves
c) Collective Bargaining
Answer : Collective
bargaining is the process in which working people, through their unions,
negotiate contracts with their employers to determine their terms of
employment, including pay, benefits, hours, leave, job health and safety
policies, ways to balance work and family and more. Collective bargaining is a
way to solve workplace problems.
After the rights of public employees
to collectively bargain for a middle-class life came under attack in 2010,
working people in all kinds of jobs as well as students, community supporters,
faith leaders and others united to defend this basic right.
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“
help.mbaassignments@gmail.com ”
or
Call
us at : 08263069601
(Prefer
mailing. Call in emergency )
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