Prajapati Trivedi

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ISBN 1582440492, 2000

One of the first such practical toolkits for privatization written in early 90s. This book demystifies the process of implementing privatization transactions and shares international experience in privatization implementation. It is a practical guide that informs the reader in simple, non-ideological, and clear terms of the various steps in implementing a privatization decision. The focus is on the "how to" aspects of implementing privatization rather than the "why to" side of the privatization debate.

This book: (a) Provides an overall understanding of the privatization process; (b) Assists in the planning the logistics to implement the privatization decisions; (c) Facilitates in the implementation of the privatization transaction; (d) Guides in the supervision of consultants (financial advisors) recruited to implement the privatization transaction; (e) Improves the design of privatization policies by painting a realistic picture of the implementation phase.

This manual for practitioners will be useful to policymakers responsible for implementing privatization transactions, those attending or running training programs on privatization, and those who serve as privatization consultants and advisors on both sides of the privatization transaction.

"How to Implement Privatization Transactions" is also replete with ready-made tools for speedy implementation of a privatization transaction.

Examples of these tools include the following:

International Management Publisher, India ( ISBN   81900140005  Parameter error in {{ISBN}}: length), 1990

The Memorandum of Understanding (MOU) is a major policy initiative of the Indian Government towards its public enterprises. Currently more than 100 of the largest public enterprises, accounting for approximately 95 percent of the total public sector turnover in India, sign MOUs with the Government. The concept of the MOU is very straightforward. Essentially, it is a contract between the Government and a public enterprise in which the two parties come to a mutual understanding regarding the targets to be fulfilled by the public enterprise and the corresponding obligations of the Government which are considered essential to ensure the fulfillment of these targets. It is also referred to as Performance Contract, performance Agreement, Contratos de Rendemientos, etc. in different parts of the world. However, curiously enough, there is tremendous misunderstanding regarding this important subject. A major reason for this lack of public discussion is the fact that there is hardly any material available on MOUs. This book was the first of its kind on this important subject. It brings together a rare collection of reading dealing with the international experience with MOUs.

The book is divided into seven sections. The first one presents an overview of the conceptual and empirical issues relating to MOUs. The subsequent sections deal with the experience of MOU type approaches in France, Senegal, Pakistan, Korea and Bangladesh. The last section documents the Indian experience with regard to the design and implementation of MOUs.

Using his vast experience and familiarity with the public enterprise literature, Professor Prajapati Trivedi has carefully selected a set of papers and documents that have become essential reading for policy makers, academicians and public enterprise managers dealing with MOUs, not only in India but around the world.

This book contains a collection of original papers written and published by Professor Prajapati Trivedi on various aspects of public enterprise management and policy. While the book is centered around the Indian public enterprise policy, the issues (problems and solutions) discussed in the book are truly transcendental in their relevance. Policy makers from other countries have found it equally relevant to their context. The distinguishing feature of this book is a common framework for analyzing various aspects of public enterprise policy. This approach allows the reader to see the interrelationships between them and is also designing public policies that are consistent with each other.

The unifying conceptual framework used in the book has come to be known as the Signaling System Approach. According to this framework, the root cause of most of the problems associated with public enterprises can be traced to the fact that they are confronted with multiple principals who have multiple goals, which are often conflicting. The book describes various approaches to manage public enterprises and design public policies given this background. The book contains nine sections dealing with the following areas of public enterprise policy:

  1. Origins of Public Enterprises
  2. Performance Evaluation of Public Enterprises
  3. Comparative Performance of Public and Private Enterprises
  4. Institutional Arrangements for Managing Public Enterprises
  5. Performance Information Systems for Public Enterprises
  6. Public Enterprise Pricing Policies
  7. Expert Committees on Public Enterprises
  8. Issues Relating to Motivation (incentives) in Public Enterprises
  9. Privatization of Public Enterprises

This unique book combines state of the art in public enterprise theory as well as practical insights regarding the design and implementation of public enterprise policy. It is an essential reading for all students of public enterprise management and policy.

Governments are complex, multi-layered organisations and, not surprisingly, government effectiveness and efficiency have many dimensions. However, the diversity that exists among nations and their governments tends to obscure three key facts. First, many of the problems involved in managing government are a result of a few underlying causes. Second, the underlying causes of poor government performance are similar in nature across a diverse set of countries. Third, countries have successfully dealt with these (few) underlying causes using remarkably similar approaches. Viewed in this light, the challenge of government performance management appears more manageable.

Written succinctly in non-technical language, this book is meant to help government leaders identify the underlying causes of poor government performance and then apply proven strategies to fix these. The book cautions Government leaders against the natural temptation to cure the symptoms - this approach represents a temporary solution at best, and the list of symptoms can be too large to fix. Fixing underlying causes, on the other hand provides a more sustainable long-term solution. [14]

This book fills a perceived glaring void in the availability of information on the key building blocks for the Seventh pay Commission recommendations on Performance Related Pay (PRP). It brings together at one place all relevant information for making an informed decision about the merits of the Seventh Pay Commission recommendations on PRP.

The three building blocks for the recommendations for the PRP are: Results-Framework Document (RFD), Performance-Related Incentive Scheme (PRIS) and Annual Performance Appraisal Report (APAR). It is hard to fully appreciate the recommendations of the Seventh Pay Commission without a solid understanding of these three distinct though interrelated concepts. This Primer includes three sections giving details of these concepts. These sections are designed to be self-contained essays and can be read individually.

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References

Dr Prajapati Trivedi
Dr. Prajapati Trivedi.jpg
Secretary, Performance Management, Cabinet Secretariat
In office
2 January 2009 8 August 2014