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An Opinion on Strategic Directions for an Economy in the Capitalist Periphery: The Case of India

Author

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  • Sorab Sadri

    (Professor of Political Economy and Management Sciences and Dean of the Faculty of Management and Commerce at JRCRC University, (JU) Jaipur, Rajasthan,)

Abstract

This paper is based on sixteen years of intensive examination and research into three Industrial Sectors (manufacturing, process and technology) of Western India and all observations contained herein are born out of and relate directly to those sectors. The premise upon which we stand is that if business ethics and corporate governance co-exists then with proper HR interventions a value centred corporate culture will very likely emerges and the journey towards achieving organisational excellence becomes that much easier. In the postgraduate textbook entitled Organisational Excellence through Business Ethics and Corporate Governance the authors had begun by defining ethics and stating that ethics was the precondition for generating value centred corporate cultures? They then delved deep into what ethics entrails and how it impacts the organisation as well as the individual within it. Thereafter they went in to the concept of Corporate Governance, defined it, viewed how it developed, examined how it was practiced overseas and then how it came to India. In this paper the authors attempt to show how good governance is based on ethics and how those who head the functions of People Management, Company Secretary, and Accountancy (cost and chartered) can gainfully use it for realising the larger interest of the organisations they belong to. To that extent, this paper is just what the title suggests: an opinion on the subject based on ongoing research.

Suggested Citation

  • Sorab Sadri, 2014. "An Opinion on Strategic Directions for an Economy in the Capitalist Periphery: The Case of India," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 3(3), pages 6-22, September.
  • Handle: RePEc:sph:rjedep:v:3:y:2014:i:3:p:6-22
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    References listed on IDEAS

    as
    1. Schein, Edgar H., 1983. "The role of the founder in the creation of organizational culture," Working papers 1407-83., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    2. Revans, RW, 1981. "Management, productivity and risk--The way ahead," Omega, Elsevier, vol. 9(2), pages 127-141.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Industrial Sectors of Western India; business ethics; corporate governance; organisational excellence;
    All these keywords.

    JEL classification:

    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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