Nothing Special   »   [go: up one dir, main page]
Scribd Logo
Upload

Welcome to Scribd!

  • 2 views

    Notes

    Uploaded by

    shubho7439u

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Notes

    Uploaded by

    shubho7439u
    2 views9 pages

    Original Title

    notes

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2 views9 pages

    Notes

    Uploaded by

    shubho7439u

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    Private, public and global

    enterprises

    CLASS 11
    BUSINESS
    NOTES
    PRIVATE, PUBLIC AND
    GLOBAL ENTERPRISES
    Private , Public and Global Enterprises

    owned by individuals owned by govt. operate in more than


    or groups(previous (partly or wholly) 1 countries
    chapter)

    Indian economy consist of both privately owned and govt. owned


    business enterprise and hence known as mixed economy.
    1st industrial policy resolution - 1948
    2nd industrial policy resolution - 1956
    Forms of organising public sector enterprises
    They are expected to contribute to the economic development of the
    country.
    They are accountable to the public through the parliament.

    1. Departmental undertaking
    Oldest and most traditional form
    Established as department of ministry and are considered as an
    extension of ministry itself
    Not independent from govt
    Employees are govt. employees only
    May be under state or central govt.
    Ex Railways, Defence, post & telegraph etc.

    BUSINESS SERVICES (BUSINESS)


    CLICK HERE

    CLASS 11 BUSINESS
    NOTES
    PRIVATE, PUBLIC AND
    GLOBAL ENTERPRISES
    Features
    Complete control of government
    No separate entity
    Financial from govt. treasury (annual Budgets)
    Accountable to ministry
    Employees are treated as govt employees and are healed by IAS
    officers and civil servants

    Merits
    Easy formation
    Centralised control
    Public Accountability
    Optimum utilization of fund
    Revenue will directly transferred to treasury

    Limitation
    Lack of flexibility
    No independent decision ( lack of personal touch]
    Bureaucracy
    Conservative attitude
    Political interference
    Lack of motivation

    CLASS 11 BUSINESS
    NOTES
    PRIVATE, PUBLIC AND
    GLOBAL ENTERPRISES
    2. Statutory corporations
    Brought into existance by special Act of the Parliament
    Corporate Body - financially independent
    Seprate legal existance.
    Power of govt. + flexibility of private
    Ex SBI , LIC, FCI etc.

    Features
    Created by the Act of parliament or central or state legislate
    Powers and limitations are defined by the act
    Operates under central or state govt.
    Seprate legal entity
    No considered as a part of Budget (treasury)
    Employees are not govt. employees
    Managed by board of directors appointed by govt.

    Merits Limitations
    operational flexibility Rigid structure (as act has limited power)
    Minimum govt. control Autonomy on paper only
    Quick decision making Lack of initiative
    Service motive Unfair practices

    FORMS OF MARKET (ECONOMICS)

    CLASS 11 BUSINESS
    NOTES
    PRIVATE, PUBLIC AND
    GLOBAL ENTERPRISES
    3. Government company
    Established under "The companies Act 2013"
    Established purely for business purpose only
    Any company in which not less than 51% of the paid up capital is
    held by central , state or both the govt.
    The shares of the company are purchased in the name of the
    president of India.

    Features
    Incorporated under "The companies Act 2013".
    Employees are appointed according to their own rules and
    regulations as per MOA & AOA.
    Managed By Board of Directors (appointed by govt.)
    Financial freedom (can raise funds too)
    Accountable to the ministry

    Merits
    Flexible management
    Efficient staff
    Can compete with private firms
    Can indulge into collaboration

    FOLLOW US ON INSTAGRAM
    @gaurav_jainofficial

    CLASS 11 BUSINESS
    NOTES
    PRIVATE, PUBLIC AND
    GLOBAL ENTERPRISES
    Limitations
    Political interference
    Majority BOD are govt. representatives
    Autonomy on paper only

    Global enterprises Multi national Companies (MNCS)

    Many Countries

    It refers to the companies which operates in countries have branches


    in different countries (popularly known as MOFA - Majority owned
    foreign affliates and headquarters located in one country (Home
    country)
    Ex coca-cola, Sony, Reebok, Hyundai

    Features
    Huge capital
    Advanced technology
    Foreign collaboration
    Centralised control
    Effective marketing Strategies
    Expansion

    RECTIFICATION OF ERRORS (ACCOUNTS)

    CLASS 11 BUSINESS
    NOTES
    PRIVATE, PUBLIC AND
    GLOBAL ENTERPRISES
    Joint Venture
    2 firms joins hands for mutual Benefits.
    A joint venture agreement is made to avoid conflict at later stage.
    "When For more enterprise join together to establish a new enterprise
    then it is known as joint venture".
    Ex - Maruti of India
    Maruti Suzuki India L.T.D
    Suzuki Co. of Japan

    Features/Benefits
    Increase in Resources
    Advance technology
    New market and distribution networks
    Leads to innovation
    Established Brand name
    Low cost of production

    Public private partnership (PPP on P3)


    A relationship b/w govt & private in the context of infrastructure and
    other services
    Under this, The govt/ public sector plays an important role in dealing
    with public investment, social obligations etc. and the private will make
    use of its expertise in operation and innovation.
    Ex - School Buildings, hospitals, power generation ,sanitations etc.

    CLASS 11 BUSINESS
    NE SHOT
    THE GAURAV JAIN

    BEGINNER ADVANCED
    PRIVATE PUBLIC AND GLOBAL ENTERPRISES CLASS 11
    WHATSAPP CHANNEL FOR NOTES AND IMPORTANT QUESTIONS

    7690041256
    YE LE BAALAK ... MAUJ KAR

    THE GAURAV JAIN 7690041256

    You might also like