MS - 92 Management of Public Enterprises

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ASSIGNMENT

Course Code	MS - 92
Course Title	Management of Public Enterprises
Assignment Code	MS-92/TMA/SEM - I/2015
CREDIT	4
MAX.MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1. What was the new approach adopted with regard to transformation of public to private sector?

Answer: Innovation can fulfill needs, which are not met by conventional means and this is critical in view of the numerous challenges the country is facing in delivering services to the people, especially at the bottom of the pyramid.  In this context India needs more “frugal, distributed, affordable innovation” that produces more “frugal cost” products and services that are affordable by people at low levels of incomes without compromising the safety, efficiency

2. Briefly discuss the important methods government adopted to exercise governmental control.

Answer: A major element of financial data activity rests in the act of budgeting. Budgeting is the process of allocating finite resources to the prioritized needs of an organization. In most cases, for a governmental entity, the budget represents the legal authority to spend money. Adoption of a budget in the public sector implies that a set of decisions has been made by the governing board and administrators that culminates in matching a

3. “The classification of State Level Public Enterprises (SLPEs) is an onerous task.” With reference to the statement briefly discuss the coverage and features of SLPEs.

Answer: Indian economy during the last several decades has undergone a dynamic change both in social and economic fields. The pressure emanating from international financial bodies, like the World Bank and the IMF has produced a series of economic forces which were both dysfunctional and catalytic for the domestic industry and the multinational corporations operating in India. Some companies have flourished and some have failed thereby. A good number of companies, particularly in public sector could not withstand the onslaught and

4. Define collective bargaining and describe its history.

Answer: Collective bargaining is a process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs.

The union may negotiate with a single employer (

5. What are the highlights of Corporate Planning Process of SAIL?

Answer: SAIL has always believed in structured planning for achieving organization growth and, consequently, the culture of planning is well entrenched in the company’s work ethos. This has also contributed significantly to national interests, given the steel sector’s strong backward and forward linkages and SAIL’s position as the leader of the Indian steel industry.

     Changes in business environment call for periodical review

6. Write short notes on the following:

(a) Holding Company

Answer: A holding company is a company that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.

In the United States, 80% or

(b) Committee on Pubic Undertakings (CPU)

Answer: The Committee on Public Undertakings consists of 22 members comprising 15 members elected by Lok Sabha every year from amongst its members according to the principle of proportional representation by means of single transferable vote and 7 members elected by Rajya Sabha in like manner and nominated by that House for

(c) Under Pricing

Answer: The pricing of an initial public offering (IPO) below its market value. When the offer price is lower than the price of the first trade, the stock is considered to be underpriced. A stock is usually only underpriced temporarily because the laws of supply and demand will eventually drive it toward its intrinsic value.

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