Building a Market Economy in India - 1521 Words

ASSIGNMENT ON BUILDING A MARKET ECONOMY IN INDIA THE RISE OF ISLAMIC BANKING IN PAKISTAN Prepared for: Prof. Dr. Masud Rahman Prepared by: Gazi Md. Ali Zafar Roll-1003013 BANGLADESH UNIVERSITY OF PROFESSIONALS Mirpur Cantonment, Dhaka-1216 BUILDING A MARKET ECONOMY IN INDIA 1. What were the features of pre reform India and what were the justifications of that? Answer: The features of pre reform India were as following: a) The economic system that developed in India after 1947 was mixed economy system characterized by a large number of state-owned enterprises, centralized planning, and subsidies. b) This system constrained the growth of private sector and that time in India private companies could expand†¦show more content†¦India’s privatization program has had a bumpy record and was often slowed by political opposition; in 1999 some 240 state-owned enterprise were still scattered across many sectors of the economy and accounted for 15 percent of India’s GDP. But the program was progressing at a fairly rapid price in the early 2000s with 30 state-owned enterprises privatized in 2002. f) The response to these economic reforms has been impressive. After taking economic reform program in India; foreign direct investments, economic growth, export increases. Judged with some measures, we saw some of the positive and negative aspects in India with taking many of the economic reform programs and followings are given below: Impressive experiences a) With taking many of the economic reform program the Indian economy expanded at an annual rate of about 6.1 percent from 1994 to 2004 and foreign direct investments was attractive for foreign companies thought the Indian economy was jumped from $150 million in 1991 to $4.3 billion in 2003. b) Some economic sectors have done particularly well especially emergence of IT sector as a vibrant global center for software development resulting in export revenue of Indian’s software services market increased from less than $500 million in 1990 to $7 billion in 2003. c) Increase of export ofShow MoreRelatedBrics Case Study1020 Words   |  5 Pagesstands for Brazil, Russia, India and China, originated in a Goldman Sachs paper – Building Better Global Economic BRICs – as part of an economic modelling exercise to forecast global economic trends over the next half-century.† BRICS – breaking it down is a combination of the first letters of its members: - Brazil; Russia, India, China and South Africa. At the beginning, in 2001 only four of categorized as developing countries started BRIC: Brazil, Russia; India and China, at that time wereRead MoreGlobal Cultural Business Analysis of India771 Words   |  4 PagesGlobal Business Cultural Analysis of India BUSI 604: International Business The nation that I have chosen for this Global Business Cultural Analysis research project is India. India has one of the fastest growing and largest economies despite being one of the poorest countries. â€Å"India has emerged as the worlds third largest economy, in terms of Purchasing Power Parity (PPP), just behind the U.S. and China, according to a report from the World Bank† (BawabaRead MoreChina, India, and Multinational Enterprises Essay1092 Words   |  5 PagesInternational Monetary Fund (IMF), World Economic Outlook, advanced economies with deficits will need to compensate for decreases in domestic demand with increases in international exports. Emerging markets such as China and India will compensate by shifting from international markets to their own domestic markets. The IMF has also projected that China will overtake the US economy by 2015 and India is expected to be equal in size to the US economy by 2020 (International Monetary Fund (IMF), 2011). It is cle arRead MoreIndia s Growth Of Domestic Market954 Words   |  4 Pagesgrowth of domestic market. This led Brazil to a balance of payment shortcoming since there were more import goods rather than exports. Because of this flaw, there have been a lot of government’s intervention in the market. But such intervention could not fix the failure in the market and the import goods were still exceeding. This period of industrialization in Brazil is viewed as the background of the later decline of its regular commodities exports. Within the similar period, India also adopted theRead MoreSwot Analysis for Indian Construction Industry.Pdf1694 Words   |  7 PagesMarket Research in India 1 MARKET RESEARCH ON CONSTRUCTION INDUSTRY IN INDIA This chapter comprises of the following sections; 1. Introduction 2. Outlook of Construction Industry 3. Overview of the Construction Industry in India 4. SWOT Analysis on Construction Industries in India 5. Problems faced by Construction Industry 6. Leading Construction Companies in India 7. Conclusion Introduction The construction industry is the second largest industry of the country after agriculture accounting forRead MoreIndi An Emerging Power1743 Words   |  7 PagesGlobalization and technology have generated many changes to the world’s economy as it has opened the doors for businesses all over the world to international markets. This means, expanding their economies by growing their target market areas. Now a day, businesses don’t talk about understanding their local markets, but understanding the global market. Some developing nations have taken advantage of this opportunity to grow their economies and they are working on becoming a global power. International OutsourcingRead MoreIndi Indias Economic Effect On The United States1717 Words   |  7 PagesCultivating India: How India Is Growing and Why It Matters to the United States Introduction A. The Importance of India in the Global Market (include problem and Thesis statement that answers it) B. Preview: why and how india’s economy is growing and competing globally C. Preview: india’s economic effect on the u.s. economy Factors of India’s Economic Growth (II) Several growth factors contribute to India’s burgeoning national and global economic presence. Having the largest population of youthRead MoreIndia s Growth Of The Indian Economy1517 Words   |  7 Pagesentrepreneurship is playing an excellent role in boosting up the Indian economy by working as driving force in the market. Many young entrepreneurs are coming forward and setting up their ventures in different parts of India. These initiatives are opening the way for plenty of jobs for the young jobseekers which is prime necessity for the development of any economy like India. (Quote this by current unemployment data). India is recognized as a talent hub in the world which shows that from here anybodyRead MorePolitical regimes between China and India1550 Words   |  7 Pagesï » ¿When people are seeking new opportunities in other countries, China and India is popular choices for investor as the two most populous on the Earth. Both are emerging economies that have illustrated average GDP growth greater than 7 percent over the few years*. Noticeably, both India and China are largest avoided by the global economics crisis in 2010,maintaining above GDP growth when western countries are suffering economics contraction. Despite of successful changes, we still need to considerRead MoreMary Kay case1568 Words   |  7 Pagesï » ¿Question # 1 Mary Kay products have been seen to sell in more than 35 markets expanding across 5 continents. Mary Kay’s sales force exceeds 2 million globally with potential markets such as the Indian and Asia- Pacific areas that represent extensive growth opportunities. Mary Kay is focused on expanding into the Indian Market, due to its large population and market size. With the large population of middle class growing to a total of 500 million individuals will give Mary Kay the opportunity to

Building, Tasking, and Empowering Teams Free Essays

While building a cross functional team, I am interested in analyzing a candidate’s skill level, background, expertise, and previous success dealing with product development. In order to handle a self-managed work team, I would provide relative details for the product’s deadline, dates of launch, and other important facts so the team can work together to develop the proper course of action. As the manager, I would practice the art of self-managing the team from a distance unless there is a conflict of interest. We will write a custom essay sample on Building, Tasking, and Empowering Teams or any similar topic only for you Order Now The interest of RD and marketing may be different from that of the manufacturing and RD departments. The recent build in SMWT breaks the barriers of the diversity pool, but their findings are still valid to a degree. The increase in intragroup task conflict arises once a diverse group capitalizes their initial tasks of granting credentials or age, tenure, and expertise into the work environment (Jassawalla Sashittal, 1999, p. 53). For example, Team A and B allows open forums for discussion of the project’s progress whereas Teams X and Y have intragroup conflicts (Jassawalla Sashittal, 1999, 55). A cross functional group can develop the overall tasks to be done because a plan must be assembled before action is taken. The dynamics of a cross functional group depends on their capabilities to complete tasks through a detailed outline associated with the desired outcomes. It is very important to utilize research data to formulate the appropriate answers for potential problems they may experience throughout the project (Metlay Kaplan, 1995, p. 54). These milestones can help the planning committee in making preventive methods to counter each issue one by one. Many cross functional groups use practical procedures and policies to utilize all of the resources for a good reason. One must recognize the significance of a complete, factual plan because the basis of each project must have data or statistics to back up the departments’ desired outcomes (Metlay Kaplan, 1995, p. 56). If a manager restricts employee discussion, there is a possibility that the workers are unsatisfied with the functions of the group. Further reviews analyze the different communications styles available: assertiveness, ingratiation, rationality, exchange, upward appeals, and coalition. The five communication distinctions employ various employee empowerment styles that enable the manager’s workers to voice opinions in subtle ways. The firm’s ability to allow the team to help in the decision-making process evolved the motives of each worker. Some employees prefer the upward appeal method because it deals with flattery of skills and unique talents. Others are interested in the assertiveness of their employees because it shows their ability to adapt or acquire more information regarding their work. Continued efforts should be implemented in the cross functional group’s structure to produce high-quality responses from the team (Jassawalla Sashittal, 1999, 60). The self-managed work teams allow managers more time to focus on the manager’s vision than on how to instruct team of their role (Metlay Kaplan, 1995, p. 55). Employees gain a different perspective on the role in which they must play in the cross functional group. On each account, both parties capitalize on their new communication models to push the cross functional group in a more, profound direction. References Cited Jassawalla, A. R. Sashittal, H. C. (1999, Aug. ). Building collaborative cross-functional new product teams. The Academy of Management Executive, 13(3), p. 50. Metlay, E. F, Kaplan, etc. , (Metlay Kaplan, 1995). Self-managing work teams: Do they really work? HR. Human Resource Planning, 18(2), p. 53. How to cite Building, Tasking, and Empowering Teams, Papers

Stakeholder Management and Experience †Free Samples to Students

Question: Discuss about the Stakeholder Management and Experience. Answer: Introduction: The lessons presented in modules 1-4 are highly applicable to our experience of launching the group assessment (HR plan). From the Module 4, I was able to understand what it takes to be an effective global project manager. This was made clear since I got to know that it has become a commonplace for us to work with virtual teams. I was able to understand the reality today that even small firms are comfortable with the virtual teams due to their outsourcing operations to source healthier economics. We were able to appreciate that physical distance is no longer a barrier to doing business because of improvements in communications and technology. The virtual project managers, however, face come unique challenges. Via the examination of the rewards and pressures of the virtual teams and how levels of authority vary between physical present teams and virtual teams, we able to fully understand how best we could launch the group assessment, HT plan. Understanding the challenges in building t he circle of trust around the team especially when he group is dispersed geographically remained applicable in our experience because our work was based on group, and hence the need to override such challenges. As reflected in Modules 4 and 3, especially on Human Resource Plan, I understood the need to develop an organizational chart for the project team, a staffing plan and a team building plan. This chart was useful in ensuring that we remained focus on our scope to achieve the desired goals. The lessons presented in this subject on team building and management are highly applicable to our professional experience and careers. As clearly covered in Module 4, we able to fully understand how to build a virtual team using communication and technology. From here, we got to understand the challenges presented to virtual teams project managers and how to effectively mitigate them. In doing so, I was able to be a team player even in the face of challenges. This is applicable to my professional experience and career as I always work in team work to achieve the goal of the organization. I was able to grasp the effective strategies for the management of virtual project teams and effectively apply the strategies that motivate geographically dispersed and other kinds of virtual project teams. This is useful in my professional experience and career because it is the basis upon which I will be able to fit into any organization since I cannot work in isolation. Also, I was able to unders tand the how to develop and effective project team and team building plan. This is applicable to my professional experience and career because I will be able to apply this in my workplace to have an effective team that meets the project within the deadline. The lesson presented in this subject highly apply to my experience of working on group assessment (HR plan). I was able to follow through right from the requirements to completion of the HR plan. I appreciated the need to work as a team when work on the HR plan. Even though we faced challenges as working with different people become difficult, I was able to apply the learned effective strategies to build an effective team. This enable me to be competent and now I am able to work in organization as a team player to develop an effective HR plan. In my view, the lessons presented in this module of stakeholders management remain of great significance to my professional experience and career. The success of any organization is based closely on the manner in which they involve and manage their stakeholders. Thus in my career and professional development, I will be able to apply the knowledge drawn from this lesson on stakeholder management to create a sustained competitive edge in the organization I will be working for. This will make me succeed as I will become a well-sought after employee. I will thus be a happy person because of my productivity and the role I will be playing in managing each stakeholder for the organization. This will make the organization I work for succeed as each stakeholder, be it, a supplier, customer or government agencies would want to associate with an ethical business. Thus I will seek to ethically manage our stakeholders for the greater good of the company.