Professional Documents
Culture Documents
Global Enterprise
.
Name : Devansh Sanghi
22-10-2022 :
Class XI D
01
PRIVATE SECTOR ENTERPRISE
The Private sector consists of business owned by individual or a group of
individual
.FORMS:-
Sole proprietor,partnership,joint hindu family, cooperative,company
Public sector enterprise
The public sector consist of various organization owned and managed by central or
state or by both government . The govt participates in economic activity of country
through these enterprise
FEATURES
1)The capital is contributed by the central or state or both govts
2)Public welfare or service is the main objectives
3)Management and control are in the hands of govt
4)It is accountable to the public
Department
Defination:- undertaking
These are established as department of the ministry and
are financed managed and controlled by either central govt
pr state govt
Indian railways, post and telegraph department
EXAMPLE:-
FEATURES:-
No separate entity, Finance,Accounting and
audit,Staffing,Accountability
STATUTORY CORPORATIONS
S W
Features
Its is established under a 1)Its has a separate legal
entity
special act passed in 2)Its has its own
parliament or state legislative staff,recruited and
assembly. Its objectives
appointed as per the
provision of acts
powers and functions are 3)Its established under a
O T
clearly defined in the special special act which defines
its objects,power and
act
provision
4)It obtain funds by
borrowing from govt or
from public or through
earnings
Government company
A Government company is a company in which not
less than 51% of the paid up share capital is held
by the central govt or state govt or jointly by both
FEATURES:-
1)Its is registered or incorporated under
companies act 1956
2)Its has a separate legal entity
3)Management is regulated by the provision of
companies act
4)The govt.com obtains its funds from govt
shareholdings and private shareholdings it can also
raise funds from capital market
02
Changing role of public sector
1)Development of infrastructure
2)Regional balance
3)Economics of scale
4)Control of monopoly and restrictive trade practices
5) Import sibstitutes
Defination Examples
Multinational company maybe defined of a Huawei Technologies, Lenovo, and Haier.Apple,
company that has business operation in several Amazon, Microsoft, McDonald's, and Volkswagen
countries by having its factories branches or offices
in those countries
”
Hulu.
Barnes & Noble + Starbucks.
venture
Fiat Chrysler + Google.
Samsung + Spotify.
Key characteristics
Risk sharing and allocation. Optimal risk sharing and allocation are for the party best able to
manage them.
Sufficient public interest. ...
Performance payments. ...
Capacity to deliver. ...
Transparency. ...