MANAGEMENT CHALLENGES AHEAD
 

The liberalisation of Indian economy has resulted in i) ahighly competitive environment, ii) Indian business going global, iii) great all round emphasis on technology, quality and cost, iv) greater concern in society for environmental issues and v) unprecedented development and use of information technology. Efficient and effective management of the enterprises plays a crucial role in this context.

A prime precondition for enhancing the global competitiveness of Indian industry is the creation and maintenance of close, multilateral cooperative linkages among the Government, Industry, Labour and Academia. The latter includes institutions of higher education and research in management, science and technology; governmental and non- governmental R & D organisations; and consulting firms. Without a high level of sustained cooperation among the relevant national entities towards focused and well-coordinated synergetic efforts, the process of enhancing the competitiveness of Indian industry and economy cannot really take off in a self-sustaining manner.

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