After reading this article you will learn about:- 1. Meaning of Public Utilities 2. Characteristics of Public Utilities 3. Problem of Ownership and Control 4. Organisation of Undertakings. Meaning of Public Utilities: Public utilities are those business undertakings which are engaged in the supply of some such services which are absolutely necessary for the community. There are certain services like [...]
After reading this article you will learn about the management of companies. Nowadays the Board is reduced to a mere legal formality, although it continues, in the eyes of law, as the only organ of the enterprise with all the overriding powers. With professionalization of management, the functions of the Board in actual administration are eroded perceptibly. Drucker observes: "In [...]
After reading this article you will learn about:- 1. Characteristics of Public Corporations 2. Advantages of Public Corporation 3. Limitations. Characteristics of Public Corporations: Public corporations have certain basic differences with departmental managements. These differences have given a separate entity to public corporations. Some of the salient features of public corporations are discussed below: 1. Public corporations can sue and [...]