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Assignment on Privatisation

Assignment on Privatisation

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Published by: bahubali on Feb 27, 2010
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Privatization
CONTENTS
ASSIGNMENT ONSUBMITTED TO
 Prof. M.M.GUPTA
PREPARED BY
Mr.BAHUBALI.T.KHANAPURE MBA-I (sem)
 NATIONAL SCHOOL OF BUSINESSBANGALORE
 
 National School of Business
1
 
Privatization
CONTENTS
HISTORY:
 Thehistory o
 privatization
isvery short-just 10to 15 years old to be precise.Though realdisinvestmentstarted in the1980s, the word
 Privatization
first made itsappearance way back in the late60s. The creditfor inventing theword goes to
 Peter .F.Drucker 
, who used the term first in his famous book,
The Age of Discontinuity
in 1969. Ten years later,
 Margaret Thatcher 
 became Prime Minister of 
Great Britain
and it was she who gave practicalshape to
 privatization
. Later, country after country fell in line with GreatBritain in the move towards
 privatization
.
 National School of Business
1.History of Privatization2.Nature of Privatization3.Meaning of Privatization4Definition of Privatization5.Objectives of Privatization6.Privatization Routes7.Techniques of Privatization8.Arguments for Privatization9.Arguments against Privatization10.Advantages of Privatization11.Disadvantages of Privatization12.Sins of Privatization13.Privatization in INDIA14.Conclusion
2
 
Privatization
NATURE: Privatization
may be understood as the process whereby activitiesor enterprises that were once
owned
and
operated
by government and itsemployees are now performed, managed by
private
 business and
individuals
, often with much better results in terms of cost and qualityservice.
MEANING:Privatization
is the process whereby activities or enterprises thatwere once owned and operated by government are now transferred to private. Privatization achieves these results by replacing governmentmonopolies with the competitive pressure of the market place to encourageefficiency, quality and innovation in the delivery of goods and services.
 
Arrangements between government and private sector entities for the purpose of providing public infrastructure, community facilities andrelated services. Such partnerships are characterized by the sharing of investment, risk, responsibility and reward between the partners. Thereasons for establishing such partnerships vary but generally involve thefinancing, design, construction, operation and maintenance of publicinfrastructure and services.
DEFINITION:
 According to D.R.Pendse “Any process which reduces the involvem-ent of the state or the government sector in the nation’s economic affair is a
privatization
 process”.
 
Privatization
is the incidence or process of transferring ownership of  business from the
(government) to the
(business). In a broader sense, privatization refers to transfer of anygovernment function to the private sector including governmental functionslike revenue collection and law enforcement.
Objectives of Privatization:
 
 National School of Business
3

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