Question

From business magazines, annual reports, newspapers orinternet find out what changes are taking place in companiesrelating to corporate governance, production practices etc.Prepare a scrapbook. Discuss these cases with your teacherand friends. Prepare a report of the same.

Answer 1

Answer:

A company X limited manufacturing cosmetics, which hasenjoyed a pre-eminent position in business, has grown in size. Itsbusiness was very good till 1991. But after that, new liberalisedenvironment has seen entry of many MNC’s in the sector.With the result the market share of X limited has declined. Thecompany had followed a very centralised business model withDirectors and divisional heads making even minor decisions.Before 1991 this business model had served the company verywell as consumers had no choice