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Contact Dr. T.K. Jain (91-9414430763) regarding starting AFTERSCHO?ÆOL centers inyour college / institution / organization. Promote social entrepreneurship, join PGPSEand become a social entrepreneur. Email us: afterschoool@in.comAFTERSCHO?»OL CENTRE FOR SOCIAL ENTREPRENEURSHIP –Let us Change the World –www.afterschoool.tk Join PGPSE along with CS after class 12
PRIVATE SECTORV/S PUBLIC SECTOR: INDIANCONTEXT
BY:DR. T.K.JAINAFTERSCHO?OL
India has adopted mixed economic system – itmeans we are having both private sector andpublic sector. These sectors have theirrespective domains. When it is the question of service to common masses, rural development,infrastructure development, backward areadevelopment, or policy implementation – thepublic sector takes the lead. But when we talk about profitability, return on investment,autonomy, growth, technology absorption,innovation, low cost solution etc. the privatesector takes the lead.Both these sectors have different roles to play.They are doing a great job in their respectivedomains. The public sector must operate in sectors related to common masses – or relatedto public policy. Private sector must operate in sectors related to consumer markets,luxury goods, entertainment etc.Both these sectors are important and neither can replace the other. We have to expectgreater cooperation between these two sectors for the development of our economy.Public sector is definitely not a very profitable and efficient sector – they have tobenchmark against private sector in terms of profitability, efficiency, and capacityutilization. Private sector has also to play an important role in the years to come.They must develop their knowledge, skills and expertise and try to transform theirknowledge across industries and try to learn from others also.We organized a GD (group discussion) and the findings of the GD are as under:
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Contact Dr. T.K. Jain (91-9414430763) regarding starting AFTERSCHO?ÆOL centers inyour college / institution / organization. Promote social entrepreneurship, join PGPSEand become a social entrepreneur. Email us: afterschoool@in.comAFTERSCHO?»OL CENTRE FOR SOCIAL ENTREPRENEURSHIP –Let us Change the World –www.afterschoool.tk Join PGPSE along with CS after class 12P Let us start with discussion on motives of these organizations. Private sector is forearning profit. In the public section, the primary motive is service to the public. Thus wecan say that it is improper to compare them. They are both right and work in theirrespective domains. Although there are differences in their working – but they are havingdifferent domains.P2:in the public sector the increment in salary is not based on performance – but inprivate sector you get performance linked package. There they value your performance.You give better results, you get better package. In public sector, the package increasesafter some time. Thus there is no growth in public sector – especially for a very hardworking person. Therefore, in public sector, you cannot get very high motivation. Youcannot work hard and get higher packageH: I agree, but if we talk about the present scenario – the private sector is cutting jobs.There are airlines companies and others which are cutting jobs. There are no incrementsand growth in private sector. As of today – public sector is consistent in its performance.There are no job cuts in public sector.P : we have to look at long term measures of performance assessment. If we look atROCE (return on capital employed), the performance of private sector is much better.However, public sector is able to offer better services – as they are willing to go even toremote areas – they are for the benefit of common people.P2:in public sector there are only limited sectors – in private sector you have far morevarieties – in the government sector – job security in private sector is increasing –recession is a short term phenomenon – it will not remain for a long time.R: in public sector, they don’t give you attractive package – plus there is very highcorruption – if you can manage your time well – private sector is betterP2:corruption is there in private sector also. We should look at aspects like job securityalso – in private sector – they will keep you only till you give performance – there are afew companies which are giving job security – most of the private sector companies donot provide facilities, compensation, and social security – they are also not able to followethics properly.H: in government sector, there are many facilities like pension plans, etc. we have muchbetter facilitiesP:in private sector now they give you PF and pension (optional plan). There areproblems in private sector – but in spite of all these – you get better package as seniorexecutive. You get more freedom. There is challenge for you. In private sector, theycreate a truly challenging work assignment for you. You will be given a challenging work environment. Thus private sector offers a very stimulating work environment. You cantake the examples of excellent projects, which have been done by private sector in lesscost and less time.
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Contact Dr. T.K. Jain (91-9414430763) regarding starting AFTERSCHO?ÆOL centers inyour college / institution / organization. Promote social entrepreneurship, join PGPSEand become a social entrepreneur. Email us: afterschoool@in.comAFTERSCHO?»OL CENTRE FOR SOCIAL ENTREPRENEURSHIP –Let us Change the World –www.afterschoool.tk Join PGPSE along with CS after class 12H: private sector employee is more affected by the environment than a public sectorenvironment. In private sector, you have to work hard – thus we find more creativepeople today in private sector.P2:employees are always under pressure to give the best performance in private sector.P:this is not a drawback of private sector. Private sector creates some goals for you. InGovernment sector no body looks at your performance so seriously. In private sector theylook at quantitative and qualitative performance appraisal. We can take examples of many government organizations like RSRTC – which are not able to perform very well.Railways is one exception now.H: in private sector – the rules are changed as per changing times – they offer betterpackages – they modify their leadership style, they also improve their workingenvironment with the changes in time.P2; private sector is suitable to a person – who is target oriented. There are somefacilities, which are provided by only private sector – like autonomyP:we cannot say which sector is good or better – they have different roles – they arerelevant in their respective domains. It depends on us as per our convenience.H: if we look at government sector – we have a long process of employee selection.Private sector selects on references – there are better packages, easier selectionsP:in government sector - there are political issues – there are issues like pressure groups,reservation, and public pressure. Thus the appointments are based on many factorsP2:there are employees who are selected for some jobs – but they don’t do it well.P:the government can provide jobs to poor people in backward areas.R: the question should not be which is better – but the real issue is that if both thesesectors improve, our economy will improve – people will get better opportunities.H: in the public sector, we are bound in a fixed job – there is no autonomy- in privatesector –we have far more freedom and autonomy.P:it depends on the field that we have taken up – in privatesector, we can change our career faster. In India, the facilitiesoffered by Army (defense sector) are the best in the publicsector – still every officer is busy doing MBA and willing toswitch over from Army to private sector.H:Private sector cannot do without the help from governmentsector. There is a great role for public sector. Now private universities are coming up.They are offering better possibilities.
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