What is Public Sector Company

Governments across the world face multiple and complex sets of challenges to manage public sector enterprises in an efficient manner. Despite their best of efforts, several countries have been facing issues in delivering the intended outcomes to the bottom of the pyramid in society through these enterprises. These issues range from lack of a long-term sustainable strategy, inefficient management, and unavoidable interference of political parties, especially in India. Though some organizations have been achieving their objectives, leadership, and governance is found to be major issue in enterprises in India to achieve sustainability. With this background, based on a systematic literature review, this chapter intends to develop a model of leadership and governance for the sustainability of public sector enterprises with special emphasis on India. This model will add value to the governing bodies, policymakers, researchers, and all the stakeholders of these enterprises in redesigning their strategies for achieving sustainability.