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Performance Orientation and Job/Business Security

This is a research report on Performance Orientation and Job/Business Security uploaded by Amit Bhushan in category: All Documents »  Entrepreneurship »  Business Turnaround section of our research repository.
847 views, 0 comments, Last Update: Jun 13, 2014.
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Why do we need performance in isolation i.e. labour must deliver while the management should get a bailout which should be passed to the same labour since they constitute the bulk of public. While the argument may have some weight that the USA, China and some other countries have grown out basis the same model of flexible labour and financial laws which are in favour of the management/entrepreneur, however Europe and Japan where laws and practices differ have not too badly either. It must be noted that the US and Chinese model is based on abundance of capital and infrastructure and has very disproportionate wealth distribution although it may have delivered a bit faster ‘growth’. In India with our kind of diversity, concentration of wealth in select few hands may result in political turmoil. What we may need is better labour industry relationship oriented towards performance and a strong facilitation mechanism to propel investments with liberal mechanism for takeover and amalgamations (something resisted by entrepreneurs who want protection). Our FIs have mostly supported the demand from management/entrepreneurs.



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