Was featured during a recent web discussion on the above topic in “Straight drive with Sudhansu Mani”. The discussion is hosted on YouTube and the transcript can be read at http://anindecisiveindian.blogspot.com/ (Search for privatization).
Some Key Points
- Innumerable debates exist on what is good or what is bad with governments ways of working. Need to reorient the debate on what more can be done by the government and its arms.
Stop debating glass half full or half empty. Increase water in the glass. - The world (even other organizations have moved forward in India), but nothing is moving in railways.
Railways management is full of the managers seeking “administrative control” and “engineers determinism”. Need to give way to the “managers pragmatism.”. - What model to follow? What is the ideal way for corporatization? We do not have a model (ideal model is far fetched) as we have not experimented enough and failed enough to.
Let a thousand flowers bloom and move fast.
The above come from what I teach in class. One of my courses is Strategic Alliances, which have 70% chance of failure. Do private firms’ stop getting into alliances? No . They try different things next time with more hope.
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