Management of decentralized sectors: a conceptual framework

Abstract

Decentralized industrial sectors are important features of the economies of most of the developing countries. This paper provides a contextual definition to the key words "decentralized" and "sector", explains the rationale for setting up decentralised sectors, and illustrates the employment and developmental significance of such sectors in the Indian context. It further attempts to help formulate the objectives and strategies for such sectors. The problems in striking an optimal balance among developmental, commercial and regulatory goals are highlighted. The features of the multiple Organizational set up for managing such sectors and the unifying role played by centralized financial assistance are pointed out.