Impact of Institutional Set-Up on the Responsiveness to Change in a Firm’s Governance Structure: A Comparative Study of Public and Private Sector Enterprises in India

In the recent past, flexibility as a concept has gained significant importance in all the perspectives of an organization (strategic, marketing, technical, operational, financial and so on). It has been cited as a strategic driver to enhance the value of the firm. Flexibility refers to the ability of the firm to change itself in response to various stimuli (internal/external). Since public and private sector organizations work under different...