Working Capital Management at Jindal Steel Works

The vision of The Tata Steel Limited is “we aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship”.

(firms) have overall – some have invested in foreign countries through FDI - felt that

Government corporations have to be sufficiently compensated for the delivery of their public policy objectives. However, with this compensation, they may be overly subsidized for their commercial activities, which will distort the level playing field with private companies, and finally cause inefficiencies in the economy. It is crucial that government corporations should not be overly funded to offset their financial or operational inefficiencies, and this compensation truly reflect the actual costs of the related public policy

As a result, there are many ways that governments will have an effect on economic activity to include: public finance, regulations, they are the single largest employer and a major provider of credit / debt related instruments. The combination of these factors is showing how the government will play a role that is important. Yet, they must be able to keep

The Voluntary Restraint Agreement caused the price of steel to increase dramatically during the late 1980’s, resulting in a twenty percent increase between January 1988 and March 1989 (Seebald, 1991). With a binding price floor on foreign imports, domestic steel manufacturers took advantage of the market by increasing the price of steel.

But apart from negative influence, a government can also contribute something positive to a company. Sometimes a government decides to protect certain sectors or products by giving

The discipline that results from those forces, and how that affects all levels of management, does not naturally exist in government. The book has done a good job of offering the different perspectives to date, but I hope to see more discussion on how to combine the best of both worlds. It is telling that the essays discussing the role of the private sector in delivering public services are NOT part of this discussion, but found in a separate section of the book. My only comment on those chapters would be to suggest that our procurement processes need to evolve to better understand what is being asked for in terms of private delivery of services, why, and what limits there need to be. I hope to see more analysis comparing both theory and practice in this regard.

Good governance is difficult to obtain for any scale of firm, organization, or government. In the 1980s, the introduction of private sector principles was thought to enhance good governance, and an institutional change occurred that altered the governance structures of many OECD country governments accordingly. The principles remain today as the New Public Management (NPM) style of governance (Aucoin, 1995; Clark, 2002). According to NPM, performance and objectives should be measurable, maximum effectiveness

Note: I have taken many classes that involved discussions and readings of the US steel industry so a lot of my information comes from discussions in those classes.

The Project Report is a summary of Study of some of the elements of Working Capital Management at the Heavy Engineering Division of Larsen & Toubro Limited (L&T, HED). The various aspects of these working capital elements have been studied. The Study of working capital management involved understanding of receivables, payables and to an extent inventory management. After a brief introduction to the nature of Business activity of Larsen & Toubro and its Business Division - Heavy Engineering Division, the report comprises a detailed comparison of Heavy Engineering Division's performance with its Indian and Foreign Competitors. The comparison is based on profitability, productivity and working

Every government is subject to political pressure and finding a consensus between political and financial aims is difficult. In practice, some choices may not further the company 's long-term development.

The paradox of government and business is that if government interferes too much, then it will slow down innovation and reduce efficiency, but if the government remains passive, then there is no one to protect the publics’ interest,

The current wave of economic revitalization resonates as a wake-up call for governments to come up with appropriate policies and apply them in both private and public administration to be at par with global competition from countries that they have historically shared favorable trade relations. As a result of this awareness, public sectors in these nations have continued to experience periodic policy reforms all aimed at increasing efficiency in the use of public resources as well as reducing prodigality. This paper addresses some of the strategies used in management of public administration that could have a potential lingering effect on normal

Steel is closely linked to the ferrous scrap industry and the iron ore industry in that its main raw materials are derived from these areas. Because of its chemical properties, steel does not have high product substitutability; therefore world’s economies have long been depending on its extensive use.

GNP, NNP OF INDIA (BOTH AT MARKET PRICE AND FACTOR COST) AND CORRESPONDING DEPRICIATION (1950-2012)