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BUSINESS
public private and global enterprises
| Question | Answer | ||
|---|---|---|---|
| examples of public sectors in india | 1. Departmental Undertakings 2. Statutory Corporation 3. Government Companies | ||
| Departmental Undertakings Features Merits Limitations | ● These Enterprises are funded directly from the government's purse ● Employees of the Enterprises are government employees ● Railways and the Post and Telegraph Department are two examples of Departmental Undertakings | Merits ● Parliament has effective control over their operations ● High degree of public accountability. ● The revenue earned by the enterprise goes directly to the treasury. ● best When it comes to national security, its directly under the ministry | ● not allowed to take independent decisions without the approval of the ministry concerned,no flexia.. ● No action can be taken until the approval of authority ● There is political involvement in the ministry ● Consumer requirements are ignored |
| Statutory Corporations Features Merits Limitations | ● They are set up under an act of Parliament ● It obtains fund by borrowings from the government or from the public. ● They have government power as well as a significant amount of private-sector operating flexibility. | Merits ● They enjoy independence in their functioning and high operational flexibility. ● The government does not interfere in their financial matters ●create their own policies and procedures. ● It is a valuable instrument for economic development | ● Every action is governed by a set of rules and regulations ●government and political intervention in money ● Appointing Advisors to the Corporation Board limits the corporation's ability to enter into contracts and make other decisions. |
| 3. Government Company Features Merits Limitations | ● The company's shares are purchased in the name of India's President. ● It is a company formed under the Companies Act of 2013 ● Employees are hired in accordance with the company's own rules and regulations, | ● Apart from the government, it has its own legal entity. ● It has complete autonomy over all management choices ● Companies can control the market and discourage unhealthy business practises by supplying goods and services at appropriate pricing. | ● the government is the sole stakeholder in some of the enterprises, ● It avoids the constitutional duty that a government-funded enterprise should have |
| what are the features of Global Enterprises and explain all of them | 1. Huge capital resources 2. Foreign collaboration: 3. Advanced technology 4. Product innovation 5. Marketing strategies 6. Expansion of market territory 7. Centralised control | ||
| what is a Public Private Partriershíp | A public-private partnership (PPP) is described as a collaboration between public and private entities in the context of infrastructure and other services. | ||
| features of PPP and examples | Government entities, are the public partners in PPP. Private partners might be local or international The private sector's role in the partnership is to apply its knowledge in operations, task management, and innovation to efficiently run the business. | Power generation and distribution, water and sanitation, waste disposal, pipelines, hospitals, sch |
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Angelo1234?
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