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This book deals with the complex and often challenging process for international companies in expanding their business through investing in the Indian emerging market. The process of globalization has allowed for the progressive fading of economic, commercial, and technological boundaries. This has resulted in Multinational firms or enterprises becoming increasingly referred to as key players in the world market over the course of the past fifty years. Inward Foreign Direct Investment flows have increased significantly, not only worldwide, but specifically towards newly-industrialized countries such as India. They are focused on trying to attract foreign investments, due to the lack of domestic savings, and thus as a stable means of foreign capital inflow. In addition to this, there are multiple, other positive effects on macroeconomic variables, such as productivity, production capacity, level of employment, factor prices, technological know-how, and overall economic growth. Corporations and firms, on the other hand, internationalize towards developing countries in an effort to seek and reap the multiple benefits found in these destination countries. Such benefits include reduced production costs, given by lower relative wages and country endowment of resources, as well as market expansion possibilities. The scope of their needs is determined by the type of strategy adopted, which can distinguish between market seeking, resource seeking, efficiency seeking and strategic investments. The Indian market offers relatively low-cost labor, an enormous pool of possible consumers and many other benefits. When time is taken to fully understand the characteristics of the country and its business culture one can extract the huge rewards. If on the other hand, investors make quick decisions and do not fully review all aspects which might create a risk, the investment may result in serious and substantial failures with large losses of capital. As in many developing countries, Indian laws and regulations are constantly evolving. These laws reflect the political compromise needed to balance the complex and conflicting demands of multiple constituencies. The result of this compromise is a high turnover of laws and regulations which, among other things, are passed through a trial and error basis. This entails that ineffective and inefficient laws may be passed and then substituted once they are tested as not working, having unintended consequences and being impracticable. The constant change and poor formulation leave, at times, room for interpretation especially by lower levels of government officials leading in turn to the possibility of corruptions.This, together with the inefficient judiciary, due not to its quality, but to the extensive time in court cases as well as non-streamlined and improperly implemented process and regulations, leads the investor to a perceive low protection and high risk throughout many phases of the investment. The book offers a useful overview for foreign enterprises on the complex, sometimes intricate process of investing in India, assisting them in gathering great opportunities through overtaking challenges.
Sustainable development across the globe is the only course to a peaceful future for the coming generations. The current severe rise in temperatures in France and other European countries bear witness to the climate change and its impact that the future holds. Health issues and life style related diseases are on the rise amidst increasing life expectancy. Grave inequalities still engulf the globe in various forms. Biodiversity degradation is also extensive. Discussions and planned initiatives for sustainable development becomes liminal in this context. This book offers for the readers discussions on a multitude of interrelated concerns with contributions on issues ranging from internal security to environment management and emerging scenario surrounding the domain of sustainable development.
India is driving some of the most important trends in global energy markets—with vast environmental implications. As the country grows wealthier, Indians are buying more cars, air conditioners, plane tickets, and other goods that increase demand for fossil fuels. At the same time, the country still faces widespread poverty, and it struggles to address persistent environmental and energy-sector problems, from frequent power outages to a significant number of deaths linked to air pollution. Johannes Urpelainen provides an expert guide to India’s energy and environmental issues that incorporates both domestic and global perspectives. He details how unequal economic development and rapid population growth have brought the country to its current state: a potential engine of the world economy hampered by environmental hazards and energy poverty. Urpelainen argues that institutional shortcomings have led wealthier Indians to find private solutions that protect them from threats such as air pollution and heat waves, but exclude the poor. The retreat of the rich limits the state’s ability to regulate the energy sector or address environmental degradation. Urpelainen examines India’s most severe environmental crises, considering how climate disruptions are affecting the country’s present and future. He analyzes India’s role in global environmental politics and assesses the prospects of achieving a more sustainable society. Useful and accessible, this book also offers pragmatic solutions to help overcome the constraints on effective energy and environmental policy.
Entrepreneurs are exceptionally gifted individuals capable of spotting projects, marshaling resources, inventing ideas, taking risks, and forming businesses. Prospective entrepreneurs must be inspired and motivated to pursue self-employment businesses in today’s volatile business environment and highly sophisticated information technologies. However, governments have been attempting to promote entrepreneurship by assisting the growth of small and medium-sized enterprises (SMEs). SMEs’ primary challenges are lack of working capital and marketing challenges. Entrepreneurship is a combination of difficult-to-teach skills, attitudes, and knowledge that can be developed. Entrepreneurship Ecosystems and Their Opportunities and Challenges explores and examines the importance of these factors in establishing a virtuous cycle of long-term sustainability in countries worldwide. The book promotes global communities to acquire an entrepreneurial mindset. Covering topics such as crowdfunding experiences, financial solutions, and social enterprises, this premier reference source is an excellent resource for entrepreneurs, business leaders, government officials, students and educators of higher education, researchers, and academicians.
This textbook is written for the students of FYBA - Savitribai Phule Pune University based on revised syllabus effective from 2019 onwards. The book covers entire topics of the syllabus as well as topics related to other undergraduate students of B.Com and B.B.A. of different universities. The content of the University syllabus has been kept in the mind throughout the book. At the end of every chapter, book listed questions for discussion and self preparation.
Principles and Practices of Management introduces students to the fundamentals of management through a balanced blend of theory and practice. Highlighting the management practices of successful Indian and foreign companies, the opening vignettes and cases in the chapters depict real-world situations and problems managers face in their professional life. In addition to the concepts, the book also delves into the various academic perspectives that have evolved over time to provide the readers an integrated view of different approaches to management. Each chapter consists of various pedagogical features like Managerial Insights, Management Insights—A Revisit, Exhibits, Case Studies and relevant content on management theory. KEY FEATURES • Managerial Insight: Every chapter starts with the feature Managerial Insight focusing on a real-life situations and managerial issues involved in various Indian companies. • Managerial Insight: A Revisit: Management Insight: A Revisit marks the closing of the same case discussed in the Managerial Insight and is presented at the end of main text. There are a set of questions related to the key aspects of the case. • Exhibits: There are over a 50 exhibits illustrating cases of various Indian enterprises with a focus on the areas including entrepreneurial/managerial challenges, global business Implications, ethical and social considerations. • Exercises and Questions: Each chapter has various questions, which provide a fairly comprehensive coverage of the major points and topics contained in the text. • Case Studies: Each chapter closes with an exercise in the form of a Case Study with relevant questions
Globalization has proliferated business with numerous challenges and opportunities, and simultaneously at other end the growth in economy, population, income and standard of living has redefined the scope of business and thus the business houses approaches. A highly competitive environment, knowledgeable consumers and quicker pace of technology are keeping business enterprises to be on their toes. Today management and its concepts have become key for survival of any business entity. The unique cultural characteristics, tradition and dynamics of consumer, demand an innovative management strategy to achieve success. Effective Management has become an increasingly vital ingredient for business success and it profoundly affects our day-to-day life. Today, the role of a business houses has changed from merely selling products and services to transforming lives and nurturing lifestyles. The Indian business is changing and so do the management strategies. These changing scenarios in the context of globalization will bestow ample issues, prospects and challenges which need to be explored. The practitioners, academicians and researchers need to meticulously review these aspects and acquaint them with knowledge to sustain in such scenarios. Thus, these changing scenarios emphasize the need of a broad-based research in the field of management also reflecting in management education. This book is an attempt in that direction. I sincerely hope that this book will provide insights into the subject to faculty members, researchers and students from the management institutes, consultants, practicing managers from industry and government officers.