New Stakeholder Capitalism in the Millennium: Needed Values, Ethics and Management

Abstract

After the 1990s, Economic reforms huge changes has taken place across all sectors of our nation. Many sectors were opened up for foreign direct investments which facilitated entry of new private players changing the industrial and business landscape of our nation. This new economic reform initiated with Victor Hugo words “On no power in the world can stop an idea whose time has come” by the then Finance Minister Dr. Manmohan Singh has seen no turning back for our nation. Though successive governments have come to power with opposing political ideologies in central and states, none had the power to change this economic disclosure.