question_answer

Lately, many companies have planned for significant investments in organized retailing in India. Several factors have prompted their decision in this regard. Customers' income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased. The government has also liberalised its economic policies in this regard and permitted even cent percent foreign direct investment in some sectors retailing. In what ways, Indian managers have responded to change in the post liberalisation era?

Answer:

Indian managers have responded to change in the post liberalisation era in the following ways: (i) By consolidation of MNCs. (ii) By adopting varied strategies of markets. (iii) By focussing more on the interests of the customers. (iv) By adopting labour workforce management. (v) By increasing production capacity. (vi) By high compensation levels. (vii) By implementing strategy of mergers and acquisitions. (viii) By adopting Capital structure reforms.