whereby public research efforts can be joined with private sector product needs creating a commercialization culture that can help provide opportunities and address the barriers of new product concepts for the marketplace. The issues discussed here were identified through research efforts that explored the opportunity to align academic research with private sector commercialization efforts. The purpose is to identify academic and private sector linkages that may benefit and enhance new product research
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industrial policy provides guidelines for the effective co-ordination of the activities of various sectors of the economy. The evolution of industrial policy in India may be studied in this background to see how far it has worked as a potent tool to realize the goal of planned development. Industrial Policy Resolution‚ 1948: The IPR‚ 1948 created a mixed economy reserving a sphere for the private and public sectors. It divided the industries into four groups: (i) Industries with exclusive Central Govt. monopoly
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best organisation to provide public services‚ or the private or either the non-profit sector by giving the merits and the demerits of each of them. Key Words Public Service is a service provided by government or local government. Private Service provider is a private service provided by private business. Example rail transport is now privately run in most countries with an exception of a few like Zambia. Public sector Public Services are organisations that are directly run by the National or Local
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Infrastructure Road/Highways Sector Public Private Partnership (PPP) A public private partnership is defined as “a cooperative venture between the public and private sectors‚ built on the expertise of each partner that best meets clearly defined public needs through the appropriate allocation of resources‚ risk and rewards. PPP is a way out to solve public deficit financing. It is done to give rise to speedy infrastructure growth. The Public Private Partnership has emerged as one of the
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(SMEs): Past‚ Present and Future in India KD Raju Abstract SMEs form the backbone of the Indian manufacturing sector and have become engine of economic growth in India. It is estimated that SMEs account for almost 90% of industrial units in India and 40% of value addition in the manufacturing sector. This paper closely analyses the growth and development of the Indian mall scale sector from opening of the economy in 1991. Third part looks into the present scenario of SMEs and the problems they phases
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Emerging Markets: BP‚ AAR‚ and TNK-BP Energy Resources AAR‚ BP bury hatchet over TNK-BP Shareholders in joint Russian oil venture TNK-BP confirmed they reached an agreement to settle outstanding issues to avoid arbitration. "BP and AAR‚ joint shareholders in TNK-BP‚ today announced that they have reached a comprehensive agreement to settle all outstanding disputes between them‚ including the current arbitrations brought by each against the other‚" a statement released by BP read. Russia’s
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setting small objective for your staff. * Therefore‚ the main difference between aims and objectives is that an aim is a long term final destination where as an objective is a short time step to meet that aim. | Private Sector | Public Sector | Non-for-profit / Voluntary sector | Business Examples | Ford Motor Co | Hospital | Help for heroes | Purpose | To provide goods and service to customers at a profit | To provide a service to the public | To help people without making a profit |
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in the economy‚ which in itself could spur efficiency ? The research output will comprise the following: 1.A survey of the literature on privatization‚ particularly with respect to less developed countries. 2.A review of the role of the public sector in the Indian economy‚ and the process of economic liberalization and privatization in India upto this point. 3.Impact of privatization on firm performance. 4.Explanation for the impact of privatization 5.Assessment of mechanisms of corporate
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understanding of the following accounting issues: a sector-neutral approach by accounting regulators; the application of accounting concepts appropriate to private sector entities within the context of public sector entities (e.g.‚ the use of accrual accounting in public sector entities); and whether these approaches will yield meaningful financial information to users for comparing or evaluating the performance of private sector and public sector entities. Second the assignment is designed to promote
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difference of pay and reward system in public and private sector. Few organizations of public and private sector have been analyzed . Article covers These aspects:- ➢ Need of better pay and reward system for the progress and performance of public organization ➢ Identification of existing problems in pay and reward system of public sector. ➢ Application of important rules and procedures of successful private organizations on public sector. INTODUCTION Pay and Rewards play very important role
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