Article Details

“A Comparative Study of Equity Based Mutual Fund of Reliance and Hdfc” |

Samir Behura, in International Journal of Information Technology and Management | IT & Management


Diversification is an approach to shifting/transitioningindividuals, teams, and organizations from a current state to a desired futurestate. It is an organizational process aimed at helping change stakeholders toaccept and embrace changes in their business environment. In some project management contexts, change managementrefers to a project management process wherein changes to a project areformally introduced and approved. It is change in management as the utilizationof basic structures and tools to control any organizational change effort. This paper responds to the argument that while Fair Tradegovernance might increase short-term welfare, it reduces long-term developmentprospects by discouraging diversification and structural change. Even though itis agreed that lower value sectors, such as commodity agriculture, are unlikelyto offer a long-term solution to global income inequalities, the importance oftheir short- and medium-term contributions cannot be ignored by analysis.Furthermore, critics have evaluated Fair Trade governance against the benchmarkof perfect market organisation. However, given the realities of the developing world,dismantling Fair Trade abandons poor producers not to theoretical free marketsand successful diversification, but to market failures, capability constraints,and risk management issues - all of which present serious obstacles tobeneficial change.