The objective of Skill Development is to create a workforce empowered with the necessary and continuously upgraded skills, knowledge and internationally recognized qualifications to gain access to decent employment and ensure India’s competitiveness in the dynamic global market. It aims at increasing the productivity and employability of workforce (wage and self-employed) both in the organized and the unorganized sectors. It seeks increased participation of youth, women, disabled and other disadvantaged sections and to synergize efforts of various sectors and reform the present system with the enhanced capability to adapt to changing technologies and labor market demands.
Management in Action – Social, Economic and Ethical Issues
MBA General Class of 2014
Case Study Solution:
AKH group is into business for last 35 years. IT, Consumer Products, BPO and Telecom are the various businesses they are into. The business expansion has been organic as well as inorganic.
Organic business expansion is the one where the rate of a business expansion is through a company’s own business activity, while Inorganic Growth means that the company has grown by merger, acquisitions or takeovers. When a company with help of its efficient management enhances its growth rate it is referred to as organic growth which is also known as Internal Growth whereas inorganic growth is attained when a company acquires a technology developing company in order to enhance its competitive advantage and growth rate and is also known as External Growth.
The founder of this business conglomerate announced a sum of Rs. 10,000 Crore to be spent on nation building. Areas chalked out are Skill Development and Primary Health. Nation building in another way is carrying out CSR activities. The company wants to initiate CSR activities with a budget of Rs. 10,000 Crore.
The company can start initiatives such as community health services with the objective of strengthening healthcare services for the community around manufacturing locations. Concern towards the female health especially at the time of maternity period could be a good idea. It can lead to reduction of infant...