Public Enterprise Management and Privatisation, 13/e

Public Enterprise Management and Privatisation, 13/e

Authors : Laxmi Narayan

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About the Author

Laxmi Narayan :- Prof. Laxmi Narain (born 1930) is Professor Emeritus and Founding Head of the Department of Business Management, Osmania University, Hyderabad. He studied at Delhi University and at the London School of Economics, from where he received his Ph.D., his field of specialisation being Public Enterprise. He was a member of the MOU's Task Force in the Department of Public Enterprises, Government of India, New Delhi, since inception of MOUs in 1989, till 2001. He was Fulbright Scholar at the Harvard Graduate School of Business Administration during 1979-80. He was UGC National Lecturer during 1984-85. He was invited as an expert witness to give evidence before Parliament's Committee on Public Undertakings for its 32nd report (Eighth Lok Sabha) on 'Accountability and Autonomy of Public Undertakings'.

About the Book

A number of public enterprise (PE) executives have long felt the need for a book which would provide necessary information and analysis of various dimensions of PE management and privatisation. The book provides at one place, a precise and authoritative account of the concept, policy, and analysis of major issues confronting PEs.

Public ownership per se does not make PE performance sub-optimal. The operation of the Government system, of which PE is a sub-system, has not been conducive to performance.

During the last six decades, inadequate political will and vested interests have come in the way of freeing PEs from excessive and throttling controls, and demoralising accountability. Not letting the managers manage with the freedom required in the liberalised and globalised set-up is the problem. The multifarious and complex managerial problems of PEs, which get compounded by faltering moves towards privatisation, cannot be wished away. These have been considered in the book at some length.

The book, first published in 1980, continues to be a standard work on the subject. This latest edition has been revised by Dr. R.K.Mishra, Director, Institute of Public Enterprise,Hyderabad.

Table of Content

1. Place and Extent in Indian Economy
2. Rationale, Objectives, and Nationalisation Policy -
 A Historical Perspective
3. Organisational Patterns at Micro and Macro Levels
4. The Board of Directors and Corporate Governance
5. Measurement of Efficiency
6. Profitability, Performance and Corporate Social Responsibility
7. Public Accountability
8. Relationship with the Government
9. Public Relations and the Consumer
10. Financial Management
11. Pricing Policies and Practices
12. Personnel Management
13. Industrial Relations and Workers' Participation
14. Materials and Production Management
15. Marketing Management
16. Project Appraisal and Management
17. Privatisation, Liberalisation and Globalisation
18. Privatisation Policy and Practices in India
19. Privatisation Abroad
Appendix - I 
The Founding Father of Indian Public Enterprise : Jawaharlal Nehru
Appendix - II 
White Paper on Public Enterprise as Finalised by the Committee of Secretaries
Appendix - III 
Memorandum of Understanding
Appendix - IV 
Corporate Governance and Autonomy of Public Enterprises as visualised