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College of Business management & Post Graduate Centre for Management Studies and Research Mangalore - 575003
& Contributions of Sidney & Beatrice Webb
Submitted To Mrs. Deepa Submitted By Mohd. Mansoor
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is the umbrella body of chambers of commerce in India. Established in 1920, it currently has a membership of over 100,000 companies across the country. The organization represents the interests of trade and commerce in India, and interacting with the Government of India on policy issues, and liaison with their international counterparts to promote trade between India and other nations. The current president of ASSOCHAM is Mrs. Swati Piramal. The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. ASSOCHAM: The Knowledge Architect of Corporate India. Evolution of Value Creator ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. Having in its fold more than 300 Chambers and Trade Associations, and serving more than 2 lakh members from all over India. It has witnessed upswings as well as upheavals of Indian Economy, and contributed significantly by playing a catalytic role in shaping up the Trade, Commerce and Industrial environment of the country. Today, ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the technology driven cyber age of 'Knowledge Based Economy'. ASSOCHAM derives its strength from its Promoter Chambers and other Industry/Regional Chambers/Associations spread all over the country. Vision Empower Indian enterprise by inculcating knowledge that will be the catalyst of growth in the barrier less technology driven global market and help them upscale, align and emerge as formidable player in respective business segments. Mission As a representative organ of Corporate India, ASSOCHAM articulates the genuine, legitimate needs and interests of its members. Its mission is to impact the policy and legislative environment so as to foster balanced economic, industrial and social development. We believe education, IT, BT, Health, Corporate Social responsibility and environment to be the critical success factors.
Members – Our Strength ASSOCHAM represents the interests of more than 3,00,000 direct and indirect members. Through its heterogeneous membership, ASSOCHAM combines the entrepreneurial spirit and business acumen of owners with management skills and expertise of professionals to set itself apart as a Chamber with a difference. Currently, ASSOCHAM has 60 Expert Committees covering the entire gamut of economic activity in India. It has been especially acknowledged as a significant voice of Indian industry in the field of Information Technology, Biotechnology, Telecom, Banking & Finance, Company Law, Corporate Finance, Economic and International Affairs, Tourism, Civil Aviation, Corporate Governance, Infrastructure, Energy & Power, Education, Legal Reforms, Real Estate & Rural Development etc. Creating Knowledge for Competitive Advantage 21st century has aligned Indian industry to the global market economy. Business operations in the international market environment have presented Indian industry with new challenges where safeguarding knowledge of technology and innovations through patents play a pivotal role. The overall perspective of corporate management has seen a turnaround of 360 degrees where new variables are emerging at a turbulent pace. In this new era, ASSOCHAM has emerged as a key differentiator for dissemination of tactical and strategic business intelligence that drives initiatives for market consolidation and developmental growth. ASSOCHAM is all geared up to leverage its strength of its exhaustive understanding of various global markets and provides strategies and opportunities to its members for overall development and optimized usage of 'Knowledge Based Resources'. Providing Road Map for Pragmatic Growth Pursuant to alignment with Global Economy, various spheres of Indian economy have attained a visible growth, consistency and have catapulted it to the position of fastest growing economy in the world. A number of geo-political factors are responsible for this growth, but the most influential one is the enormous HR capital base of highly skilled managerial and technical manpower. ASSOCHAM is committed to help accomplish the targeted economic growth. Generating Consensus on Core Issues ASSOCHAM has always laid impetus on building a "broad consensus on fiscal discipline & prudence" leading to an acceptance that trade in the global matrix is beneficial for the economy's growth. Various committees of ASSOCHAM have organized dedicated sessions on emerging areas of contemporary importance viz. Wealth Maximization, Mergers and Acquisitions, Nanotechnology and Biotechnology, BPO & KPO, VAT, Corporate Governance, Renewable Energy, Public Private Partnership etc.
Specialized Services - Nurturing Ideas to Catalyze Growth ASSOCHAM is always a front runner and has been very actively involved in bringing out studies, surveys and research papers on current topical issues. ASSOCHAM is authorized by the Government of India to issue Certificates of Origin, Certify commercial invoices and recommend business visas. Insight into 'New Business Models' ASSOCHAM has been a significant contributory factor in the emergence of new-age Indian Corporates, characterized by a new mindset and global ambition for dominating the international business. The Chamber has addressed itself to the key areas like India as Investment Destination, Achieving International Competitiveness, Promoting International Trade, Corporate Strategies for Enhancing Shareholders & Stakeholders Value, Government Policies in sustaining India's Development, Infrastructure Development for enhancing India's Competitiveness, Building Indian MNCs, Role of Financial Sector the Catalyst for India's Transformation. Looking Ahead Over the years, ASSOCHAM has transformed itself from a reactive, representation-forwarding organisation to a forceful, proactive, forward-looking institution equipping itself to meet the aspirations of corporate India in the new world of business. Today, there is need for greater involvement of business and industry with the Government in international forum on issues such as intellectual property rights, environmental safeguards, anti-dumping and quality standards etc. The concept of industry-government partnership has therefore assumed vital importance and has to be carefully fostered to speed up the economic and industrial development of the nation. ASSOCHAM is working towards creating a very conducive environment for Indian business to compete globally. The Chamber is being re-engineered to shoulder the responsibility of serving its constituents even more effectively and its expertise of professional to set itself apart as a Chamber with a difference. It has especially focused on Afro-Arab region to assist Indian SME's to expand share of their global market. Successful Indian Trade Fairs in Sudan, Sharjah and Yemen received wide appreciation, more are being planned. Huge trade delegations to Brazil, US, UK, West Africa, China, Pakistan, opening overseas offices in Sharjah, Moscow, China, MOU partnership with business Chambers in more than 45 countries, bringing out Economic and Trade bulletins on Africa and Arab region are only a few of the constantly expanding areas of ASSOCHAM
ASSOCHAM International The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. Promoter Chambers
As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues. ASSOCHAM is represented on all national and local bodies and is, thus, able to pro-actively convey industry viewpoints, as also communicate and debate issues relating to publicprivate partnerships for economic development. ASSOCHAM members represent the following sectors:
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Trade (National and International) Industry (Domestic and International) Professionals (e.g. CAs, lawyers, consultants) Trade and Industry Associations and other Chambers of Commerce
Contributions of Sidney & Beatrice Webb
Sidney and Beatrice Webb are English Socialist economists , early members of the Fabian Society, and co-founders of the London School of Economics and Political Science. Sidney Webb also helped reorganize the University of London into a federation of teaching institutions and served in the government as a Labour Party member. Pioneers in social and economic reforms as well as distinguished historians, the Webbs deeply affected social thought and institutions in England. Early life of Beatrice Potter Webb Beatrice Potter was born in Gloucester, into a class which, to use her own words, “habitually gave orders.” She was the eighth daughter of Richard Potter, a businessman, and Laurencina Heyworth. She grew up a rather lonely and sickly girl, educating herself by extensive reading and discussions with her father’s visitors, of whom the philosopher Herbert Spencer exerted the greatest intellectual influence on her. While staying with distant relatives in a small Lancashire town, she became acquainted with the world of the members of the working class cooperative movement.She took up social work in London but soon became critical of the failure of the inadequate measures of charitable organizations to attack the root problems of poverty. She learned more of the realities of lower class life while helping her cousin Charles Booth, the ship-owner and social reformer, to research his monumental study of The Life and Labour of the People in London. She published The Co-operative Movement in Great Britain, a small book based on her experiences, which later became a classic. It was not long before she realized that in order to find any solution to the problem of poverty she would have to learn more about the organizations that the working class had created for itself; i.e., the labour unions. Early life of Sidney Webb Sidney James Webb was born in London into a lower middle-class family; his father was a free-lance accountant and his mother was a shopkeeper. He left school before he was 16, but after attending evening classes he secured admission to the civil service and also passed his bar examinations. For some time he had been the close friend of the young journalist Bernard Shaw, who in 1885 induced him to join a very small, newly founded Socialist body called the Fabian Society. Shaw believed that Webb’s extensive factual knowledge was exactly what the society needed as a foundation for its theoretical advocacy of Socialism. In 1887 Webb justified Shaw’s choice by writing for the society the first edition of the Fabian Tract Facts for Socialists. The tract was the first concise expression of the Fabian conviction that public knowledge of the facts of industrial society was the essential first step toward the reform of that society. The following year he met Beatrice Potter, who was making her own way to a belief in Socialism and had been greatly impressed by Webb’s contribution to Fabian Essays. Webb at once fell in love with the handsome, intellectual young woman. She took longer to adjust her sights to the scruffy, rather ugly little man in the shiny suits, though he had already made a name for himself as a lecturer and writer on economics.
Works of Sidney and Beatrice Webb after Marriage Sidney left the civil service, and they decided to live on Beatrice’s inheritance and what they could make from books and journalism in order to devote more time to social research and political work. The first fruits, and the first success, of their collaborative effort were the great twin volumes The History of Trade Unionism and Industrial Democracy . In these books the Webbs, in effect, introduced the economists and social historians of Britain to a part of British social life of which they had hitherto been unaware. The work that followed extended into areas of historical and social research, educational and political reform, and journalism. Among their writings was the prodigious enterprise—which again broke new ground—of the history of English local government from the 17th to the 20th century. This work, published over a period of 25 years, firmly established the Webbs as historical researchers. Their literary output, however, important as it was, takes second place to their work in creating and developing institutions. Sidney served on the London County Council; he is best remembered for his creation of the system of secondary state schools and the scholarship system for elementary school pupils. He was also instrumental in the establishment of technical and other post school education in London. Concurrently, he and Beatrice founded the London School of Economics. Sidney reorganized the University of London into a federation of teaching institutions; and with the educator Robert Morant he provided the blueprint for the Education Acts of 1902 and 1903, which set the pattern of English public education for generations to come. In this last effort, Sidney and Beatrice employed the tactic that became known as “permeation,” that is, attempting to push through Fabian policies or parts of policies by converting persons of power and influence irrespective of their political affiliations. Beatrice, as a member from 1905 to 1909 of the Royal Commission on the Poor Laws, had produced her remarkable Minority Report, which 35 years before the “Beveridge Report” advocating universal social insurance, clearly spelled out the outlines of the welfare state. Association with the Labour Party When the Webbs, in late 1914, became members of the Labour Party, they rapidly raised high in its counsels. Through friendship with Arthur Henderson, Sidney became a member of the executive committee and drafted the party’s first and, for a long time, its most important policy statement, Labour and the New Social Order (1918). Their last big book, Soviet Communism: “A New Civilization?” in which they seemed to abandon their belief in gradual social and political evolution. In 1928 they had already retired to their Hampshire home where they both died, Beatrice in 1943 and Sidney in 1947.
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