May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Part VI: The Industrial Sector
(iii) Joint sector : The real joint sector entrepreneurship in which
the government directly or through its agencies becomes a
co-shareholder in an enterprise, and thereby also participates
in the management.
Wherever such a joint sector industrial arrangement has been
made, both as models of participatory management and as refl ecting
progressive fi nancial outlook and budgetary control, the experiment
has generally been highly successful.
The JSEs launched in India have the following arrangements:
(i) Equity capital : Government’s participation in the majority
share in equity capital.
(ii) Government control : Government’s participation in control
and ownership through majority representation ...
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