Showing posts with label Economy Science Fact. Show all posts
Showing posts with label Economy Science Fact. Show all posts

Feb 11, 2023

Corporate Social Responsibility CSR And Corporate Governance

Corporate Social Responsibility CSR Corporate Governance

Corporate Social Responsibility CSR Corporate Governance

 The predominant intent of this find out abouts was once to recognize if the relationship between corporate governance mechanisms and  corporate social responsibility dimensions used to be contingent  on the ranges of slack and overall performance attainment discrepancy. In doing so, the study sought to unravel the ambiguity in preceding findings through thinking about fine and  governance mechanisms, and two important factors, namely, attainment discrepancy and slack, based in the behavioral principle of the firm. The consequences indicate that effective governance has a symmetric impact on CSR and that it reduces both wonderful and bad CSR. Second, our results also advocate that greater slack and effective attainment discrepancy lead to greater effective and lower negative impact CSR. Finally, we locate that the associations between effective governance and tremendous and poor CSR depend on the level of slack and high quality attainment discrepancy. That is, the affect of governance on fantastic CSR  is extra suggested underneath low slack prerequisites and the impact of governance on bad CSR is extra pronounced under excessive slack conditions. Our findings highlight the significance of each overall performance and organizational contexts in analyzing the affect of governance on managerial decision making related to CSR. Corporate social responsibility examples, Types of corporate social responsibility, What is corporate social responsibility and why is it important. Overall, our findings provide sturdy affirmation of the need  to combine behavioral idea insights into corporate governance  we demonstrate that corporation slack, attainment discrepancy, and  corporate governance collectively decide the levels of CSR.  Our findings assist many of the hypotheses and provide more insights concerning the governance CSR relationship. First, by thinking about fine and terrible CSR as  two distinct activities, we locate that high quality governance  reduces both activities simultaneously in a symmetric  fashion. It is feasible that preceding lookup that used at might also have led to combined results. While the benefits and  costs of CSR are issue to full of life debates, we anticipate that  these debates are confined to superb CSR activities. As the negligible, the relationship between high quality governance and negative CSR have to be unequivocally bad and that is what we find. This additionally offers credence to our findings  about fantastic CSR; irrespective of the benefits/costs tradeoffs, superb governance suppresses superb CSR. The advantages of dimensionalizing CSR are also obvious when thinking about the influence of behavioral theory factors. When matters look excellent (i.e., high slack and high quality attain   ment discrepancy), there is more advantageous CSR and less negative CSR, as one would expect. The great discovering in this  instance is that lower levels of slack may additionally virtually be associated with multiplied terrible CSR. Finally, our findings about the interactive results highlight the significance of considering the overall performance and  organizational context in grasp the governance CSR relationship. Just as dimensionalizing CSR presents us  with special insights that have no longer been considered hitherto, contextualizing the relationship additionally adds to our understanding about the doable blended outcomes encountered in previous research. Our findings suggest that when  firms are no longer doing well, at least by using shareholders’ expectations, the have an impact on of governance buildings is felt more strongly. In such circumstances, shareholders do no longer seem to have confidence managers’ judgment or provide them a good deal discretion for investing in CSR. However, when the companies appear to  be doing well, managers appear to possess a extensive discretion in figuring out CSR activities. In fact, independent directors are even related with higher fine CSR levels. Thus, assembly pursuits and shareholders’ expectations  seems to grant managers with more tiers of freedom  in phrases of useful resource allocations to corporate social programs. Thus, our findings about attainment discrepancy are not solely special but are additionally essential as we commence to broaden the scope of the organization theory point of view for understanding CSR. Our effects have necessary implications for grasp when governance matters both for upsides and downsides. While a lot of attention has been paid to the value creation factor of governance or discount of organisation costs  aspects of governance, constrained lookup has honestly considered how good governance can forestall managers from  making terrible decisions. Our findings that proper governance  reduces poor CSR are unique in that appreciate and focused  on an omitted element of governance preventing horrific things from happening. Our study additionally has other sensible value for CSR researchers, advocates and managers. From the perspective of CSR advocates, perception the constraints and issues of managers is very important. Only by addressing  these issues can companies create enabling stipulations for higher CSR. For example, if managers believe they cannot undertake CSR projects due to the fact they concern a inventory rate slide, advocates of CSR should focal point on institutional owners instead and persuade them that it is in their very own nice interest to be greater proactive. By concentrated on these owners, advocates would eliminate an necessary CSR constraint. Similarly, can vassing boards of administrators and recommending they be more aware and responsible toward assembly the needs of all stake holders, not just shareholders, could provide another high quality strategy. Alternatively, if managers supply signals to shareholders about the long term advantages of corporate  social investments, they may be in a role to promote such investments. This trouble is specifically relevant in view of comments by researchers such as Scherer and Palazzo (2007: 1101): In the technology of globalization, when the capacity of the kingdom state to alter business things to do is diminishing. multinational companies these days are able to pick among various criminal systems, applying financial standards to their choice of which set of labor, social, and environmental regulations they will function under. From this perspective, it is no longer enough to remember on the capacity of the country to regulate firm behavior in the hobby of society, such as preventing environmental pollution or other ethically questionable activities now not covered or enforced by means of nearby laws, nor can corporations be depended on to behave absolutely ethically on their own, due to the fact their economic intent (or competitive pressures) makes them worried notably with minimizing charges (or maximizing profits). However, with the aid of perception what prompts or prevents managers from undertaking CSR investments, we take an vital step toward getting them (or stopping them, when undesirable) to do so.

Feb 8, 2023

Public Sector Enterprises Management Strategic Planning

Public Sector Enterprises Management Strategic Planning US

Public Sector Enterprises Strategic Planning

What Makes Public-Sector Planning Strategic? The roots of public-sector strategic planning are initially ordinarily navy and tied to statecraft. Starting in the 1960s, however, most of the development of the concepts, procedures, equipment and practices of strategic planning has happened in the for-profit sector. Strategic management in public sector, Strategic management in the public sector: concepts, models, and processes, Importance of strategic management in public sector, what are benefits of strategic management in public sectors? Challenges of strategic management in public sector, Public-sector strategic planning received a serious begin in the US in the 1980s. This records has been documented by means of Mintzberg, Ahlstrand, Lampel, Ferlie and Ongaro.  Public-sector strategic planning is a subset of planning, however what exactly makes it strategic? All or most of the following points are usually used to characterize public-sector planning as strategic (e.g., Kaufman and Jacobs, 1987; Poister and Streib, 1999; Christensen, 1999; Conroy and Berke, 2004; Chakraborty et al., 2011; Albrechts and Balducci, 2013; Bryson and Slotterback, 2016, pp. 121–122):  Close attention to context and to wondering strategically about how to tailor the strategic planning method to the context, even as a purpose of the planning usually is to trade the context in some essential way.  Careful questioning about purposes and goals, consisting of attention to situational necessities (e.g., political, legal, administrative, ethical, and environmental requirements).  An preliminary focal point on a broad agenda and later shifting to a greater selective action focus.  An emphasis on structures thinking; that is, working to recognize the dynamics of the basic machine being planned for as it functions or ideally need to function across area and time,including the interrelationships amongst constituent subsystems.  Careful interest to stakeholders, in impact making strategic planning an strategy to sensible politics; normally multiple degrees of government and multiple sectors are explicitly or implicitly concerned in the system of strategy system and implementation.  A center of attention on strengths, weaknesses, opportunities and threats; and a center of attention on competitive and collaborative advantages.  A focal point on questioning about possible futures and then making choices in mild of their future consequences; in other words, becoming a member of temporal with spatial systemic thinking.  Careful attention to implementation; approach that can't be operationalized successfully is infrequently strategic.  A clear consciousness that strategies are each deliberately set in increase and emergent in practice.  In short, a want to stabilize what should be stabilized, whilst keeping splendid flexibility in phrases of goals, policies, strategies, and methods to control complexity, take advantage of essential opportunities, and develop public purposes, resilience and sustainability in the face of an unsure future.  The listing is huge and processes range in how properly they attend to each item in both principle and practice. The underlying hypothesis guiding research and much exercise is that strategic planning by way of public-sector organizations will lead to better overall performance with the aid of these organizations. Two issues, however, grow to be straight away obvious: first, how does one operationally check the “strategic-ness” of the planning, and second, what results do distinct stages of “strategic-ness” have on results of various kinds? Unfortunately, the empirical research on public-sector strategic planning in general, and especially its connection with implementation, is remarkably thin, given how full-size the use of strategic planning is  That said, the few research that have explored these issues have generally, even though not always, discovered a high quality causal effect of strategic planning on implementation success.

Jan 19, 2023

World Economic Forum First Movers Coalition (FMC) Meeting

World Economic Forum First Movers Coalition Meeting

World Economic Forum First FMC Meeting 

India took part in the World Economic Forum's First Movers Coalition (FMC) Leadership Meeting. India Lounges at World Economic Forum (WEF) in Davos very nicely received; trip excessive footfall of traffic Secretary, Department for Promotion of Industry and Internal Trade (DPIIT),Shri Anurag Jain highlights India’s function in democratizing the digital ecosystem at the CII-EY Session at the WEF Posted On: 19 JAN 2023 9:05PM through PIB Delhi India participated in the First Movers Coalition (FMC) Leadership Meeting of the World Economic Forum which deliberated on the world want for easy strength technologies to confront local weather disaster globally. Industry leaders liked India’s battle towards COVID leveraging digital applied sciences and additionally expressed their appreciation for Government partnering with industry in its fight. Secretary additionally participated in a public WEF Session alongside Kono Taro, Minister of Digital Affairs of Japan where he highlighted efforts taken in the direction of data collaboration.  At the Europe for Indian Business hall aimed at catalyzing investments in sustainable infrastructure, Secretary highlighted the need to enable mutually really useful partnerships and facilitate investments for European companions in India. Secretary also held more than one one-on-one conferences with the industry leaders. The typical footfall in all the three lounges was once greater than 900 on the first day. India’s presence through three lounges has gained big traction and is widely discussed amongst the international business community and netizens amongst others. This has virtually amplified India’s participation at WEF Annual Meeting 2023 at Davos. India Lounge at Promenade sixty eight The hub for essential enterprise activities in Davos, the India Lounge was once bustling with interactions among world commercial enterprise leaders, stakeholders from media, senior officials from other governments, multilaterals etc. The day commenced with a high-powered open panel on ‘Building Unicorns 2.0’ observed by means of a closed-door roundtable on ‘Europe for Indian Business corridor’ which used to be aimed enabling collectively advisable partnerships which includes technological know-how transfer to allow investments and promote increase in the course of the funding lifecycle. The EU Bank has also shared it format for energetic engagement with India.  The India lounge alone noticed a footfall of greater than 450. Sustainability Lounge at Promenade forty nine There were two classes held at the Sustainability Lounge- the Road to net zero: the role of PPP and some other one on The lounge displayed insights on technological know-how for environment, financing, behavioral change, spirituality in consonance with environment had been discussed. This lounge too had excellent response with a footfall over 300 today. India Inclusivity Lounge at Promenade 63 The lounge used to be visited by Shri Ashwini Vaishnaw, Minister for Railways and Electronics and Information Technology. He was once impressed with the Craft Tracing Technology being showcased to apprehend the beginning of the products. The Minister for Health and Family Welfare additionally visited the lounge. He experienced the show of Augmented Reality of Channapatna Toys and the Virtual Reality immersion of Jalandhar Sports Goods. The lounge made available QR code giving small print of dealers for most of the merchandise displayed via virtual for further purchases/engagements on these products. The Union Ministers also had WEF periods on assorted matters of importance such as Meeting of the Reskilling Champions, Gender Parity for Economic Recovery, Economics of Women’s Health, Accelerating Gender Parity in STEM, interaction with international stalwarts of industry throughout a variety of sectors which include Electronics, Semi-conductors, Telecom, conferences with captains of enterprise across sectors which includes healthcare, Pharma sectors , Chemicals, Fertilizers, and Policy Meeting on Global Health care.

Jan 17, 2022

Indian Vs Developed Countries Food Processing Industry

Usa Food Processing Industry

Indian Food Processing Industry 

The Indian food processing industry has a immense potential for value addition, particularly in the food processing industry. The government's Ministry of Food Processing Industries (MoFPI) is making all efforts to encourage investments in the food processing business, by approved proposals for joint ventures (JV), foreign collaborations, industrial licenses, and 100% export oriented units. The Indian food and grocery market is the sixth largest market in the world. The Indian food processing industry is 32 per cent of the country’s total food market. The online food ordering business in India is building scale through partnerships. According to the Department of Industrial Policies and Promotion (DIPP), during the period of April 2000 to March 2017, the food processing sector in India has received around US$ 7.54 billion Foreign Direct Investment (FDI). Indian Government Initiatives to improve the food processing industry in India, leveraging 100 per cent Foreign direct investment (FDI) in marketing of food products and various incentives, strong focus on supply chain infrastructure, Creation of infrastructure facilities for degree/diploma courses in food processing sector, Entrepreneurship Development Programme (EDP), Food Processing Training Centres (FPTC), and Going forward to the adoption of food safety and quality assurance mechanisms such as Total Quality Management (TQM) including ISO 9000, ISO 22000, Hazard Analysis and Critical Control Points (HACCP), Good Manufacturing Practices (GMP) and Good Hygienic Practices (GHP) stringent quality and hygiene norms to face global competition, enhance Indian food processing products acceptance by overseas buyers and keep the Indian food processing industry technologically abreast of international best practices.

Why Indian Food Processing Industry Lagging

The performance of the Indian food processing industry is lagging behind compared to other developed nations. there are some barriers at different stages in the Indian food processing industry. Delphi analysis find out the following barriers through expert opinion and extensive literature review spanning across the supply chain, farm level, distribution level, and the consumer level. The top growth barriers in Indian food processing industry are, the lack of quality standards in the processed food, rain-dependent farming in India, high cost of cold chain facilities. practitioners and researchers don't have high quality technology. lack of attention of food processing policymakers in India.

Jan 10, 2022

NITI Aayog Objectives & Three Years Plan

Objectives Three Years Plan

NITI Aayog Objectives

NITI Aayog objectives is to the  development of nation and States with the overall development of the society, NITI Aayog priorities sectors and strategies to foster cooperative federalism mechanisms with the States to make the plans for the village level development, national security, and economic strategy and policy to take economic progress benefit for our society and country. NITI Aayog design long term strategic policy and programme frameworks. NITI Aayog learn lessons by monitoring and feedback and make innovative improvements, necessary corrections to encourage stakeholders and national interest. NITI Aayog take help from international like-minded think tanks, educational policy research institutions to create innovation entrepreneurial support system for the national and international practitioners and other partners. NITI Aayog maintain state-of-the-art resource centre for the good governance practices and sustainable development to stake-holders. NITI Aayog monitor and evaluate the implementation of programmes and initiatives, by upgrading technology  implementation to the execution of the national development agenda in the following sectors,

Agriculture Allied Sectors

Aspirational Districts Programme

Communication and Social Media

Data Management and Analysis Technologies

Economics and Finance

Education and Governance Research

Governing Council Secretariat Coordination

Industry and Infrastructure-Connectivity

Natural Environment Resources Development

Project Management Appraisal  Division

Public Private Partnership

Rural Development

Science and Technology Innovation

Social Justice Empowerment

Skill Development, Labour Employment and Urban Development

Women and Child Health Nutrition Development

State Finances Coordination

Sustainable Development Goals

Water and Land irrigation Resources

NITI Aayog's Three Year Action Plan 

NITI Aayog's three-year action Plan (2017-2020), prepared by NITI Aayog think-tank, has replaced the five-year plans of the erstwhile Planning Commission. it will also include a fifteen year vision document and a seven year strategy document. Under the NITI Aayog's three-year action Plan the share of non-developmental revenue expenditure imply substantial expansion by 2019-20 on education, health, agriculture, rural development, defence, railways, roads and other categories of development.

Jan 8, 2022

Leave No One Behind Sustainable Development Goals

United Nation Sustainable Development Goals

Leave No One Behind UN Sustainable Development

The 2030's Sustainable Development Goals (SDGs) central, transformative Agenda is Leave no one behind (LNOB). for Sustainable Development It is the unequivocal commitment for all UN Member countries to eradicate poverty, end discrimination, and reduce the inequalities and vulnerabilities in their countries. so that no one leave be, and all the people of all members states undermine the potential of individuals and whole humanity. Leave no one behind (LNOB) is not only entails reaching the poorest of the poor, but Leave no one behind (LNOB) is also combating to discrimination inequalities within all members countries, a find out their root causes. we have found the major cause of people being left behind is the continuous long time forms of discrimination, such as discrimination on the basis of gender. the result of which in the form of individuals, families and whole communities remaining marginalized, and excluded since long time. It is considered in the United Nations (UN’s) normative standards that it is the foundational principles of the Charter of the United Nations, which includes international human rights law and national legal systems across the world. Leave no one behind (LNOB) main focus is to eradicate discrimination and inequalities among the multiple and intersecting undermine agency and people which have no equal rights. the barriers for the people to accessing services, resources and equal opportunities are not due to lack of availability of resources, but there is many others reasons behind it such as discriminatory laws, policies and social practices. which lead to particular groups of people further and further behind. The UN approach to Leave no one behind (LNOB)  is designed in the shared framework so that no one could Leave Behind, Equality and Non-Discrimination is the Heart of Sustainable Development Goals, the UN Systems combating from inequalities and discrimination at the forefront in the whole world. the UN also supporting in the implementation of the 2030 Agenda for Leave no one behind (LNOB). the commitment to Leave no one behind (LNOB) at the country level requires a series of steps to identifying who is being left behind and why; find out the effective reasons to address that people; monitoring and measuring progress; and accountability for Leave no one behind (LNOB). Ensuring meaningful participation of all stakeholders, policy makers, planning and programming for Leave no one behind (LNOB). 

Jun 3, 2021

Effects Of Globalization On The Employment

Effects Globalization Employment usa

Globalization Effects On The Employment

Globalization can be define as the process of free movement interaction and integration worldwide among the people, companies, and governments. since the 18th century advancement in transportation and communication technology has accelerated the Globalization. The importance of studying the effects of globalization on the employment is necessary because, the main source of income for the great majority of the inhabitants of developing nations especially of the poorer groups of workers, who lack ownership of any other material assets except labour work. Globalization affect the labor market in both Positive and Negative sides.

Globalization Positive Effects

Positive effects of globalization show increased capacity of developing countries to create new opportunities for work and production.

Globalization increase FDI inflow, which has both direct and indirect effects on employment creation in the recipient countries. 

Due to Globalization any country adopted the new imported technology.

FDI also has indirect effects on employment through the new science technology, education and training.

Globalization Negative Effects

Negative effects of Globalization occur due to large-scale technological developments, which will reduce the demand of unskilled labor.

Foreign direct investment does not create employment for unskilled workers, it is only for highly skilled workers.

The traditional nature of work might disappear due to the advanced technologies, which creat new and innovative occupations only for the highly specialized skilled professionals.

Lack of new job openings, and effects on wage rates in most developing economies.

If WTO enforces the labor clause, which will have a negative impact on economic growth and employment in many developing countries, where child labor exists in miserable working conditions.

Most trade liberalization benefits for the manufacturing producing developed countries, while the smallest share for the agricultural producing developing countries.

Increased Informalization detrimental to development

In 1991 India adopted LPG (Liberalization, Privatization, Globalization) reforms policy, abolition of license quota inspector raj, which increase FDI inflow in indian economy.

Due to LPG Reforms India’s GDP growth rate increased 7 to 8% from the prevalent 2 to 3%, GDP growth rate. which created a robust private sector employment for millions of Indians over the years.

these jobs have either remained informal or have been lost with time.

Informal workers have low wage rate, due to lower wages low savings which are increasing inequality, and detrimental to development.

No provision for welfare benefits such as healthcare, insurance, and education facilities for Informal workers. expenditures on those things increases poverty, which detrimental to development.

No maternity leaves for Informal women workers which leads to improper development of the child, hampers human resource development.

Government should create formal sector jobs. Government initiatives like Make in India, Skill India, labour reforms, Insolvency code are the workforce formalized steps for the all workers within the country.