📋 Written Ability Test (WAT)/Essay Analysis Guide
🌟 Can better corporate governance improve India’s global competitiveness?
🌐 Understanding the Topic’s Importance
Corporate governance directly influences a nation’s economic reputation, investor confidence, and sustainable development. For a rapidly growing economy like India, improving governance is key to achieving global competitiveness.
🕒 Effective Planning and Writing
- Time Allocation:
- Planning: 5 minutes
- Writing: 20 minutes
- Review: 5 minutes
📖 Introduction Techniques for Essays
- Template A (Contrast Approach): “While India attracts billions in foreign investments, corporate scams like IL&FS raise concerns about governance practices. Strengthening corporate governance can bridge this gap and elevate India’s global competitiveness.”
- Template B (Case Study Introduction): “Infosys, a pioneer of ethical governance, demonstrates how strong corporate practices can build investor trust and position Indian companies globally.”
🔍 Structuring the Essay Body
- Achievements:
- SEBI Regulations: Improved transparency and board practices.
- TATA Group: Strong governance contributing to global success.
- FDI Growth: $71 billion inflows signaling investor confidence.
- Challenges:
- Frauds like IL&FS: Undermine governance and investor trust.
- Board Independence: Gaps in truly independent directors.
- MSMEs: Limited governance capacity.
- Future Outlook:
- Global Benchmarks: Japan’s stewardship codes and Germany’s dual board structure.
- Recommendations: Strengthen SEBI powers, improve MSME governance, and ensure board accountability.
📄 Concluding Effectively
- Balanced Conclusion: “Strengthened corporate governance will enhance investor confidence, improve business transparency, and position India as a global economic leader.”
- Future-Focused Conclusion: “By adopting global best practices and addressing governance challenges, India can achieve its vision of becoming a $5 trillion economy.”
🔍 Analyzing Successes and Shortcomings
- Achievements: Improved SEBI regulations; rising FDI inflows.
- Challenges: Corporate frauds and weak MSME governance.
- Global Context: Japan and Germany’s best practices offer valuable lessons.
💡 Recommendations for Sustainable Progress
- Strengthening SEBI Enforcement: Ensuring regulatory compliance and fraud prevention.
- Adopting Global Standards: Implementation of stewardship codes for institutional investors.
- MSME Focus: Building cost-effective governance solutions for small businesses.
✍️ Sample Short Essays
🌀 Balanced Perspective:
“While India has made progress in corporate governance through SEBI and board reforms, challenges like frauds and MSME governance persist. Adopting global standards will position India as a competitive global leader.”
🔧 Solution-Oriented:
“Improving corporate governance through stronger SEBI powers, investor stewardship codes, and MSME-focused reforms will enhance India’s competitiveness in the global market.”
🌍 Global Comparison:
“India can learn from Germany’s dual board systems and Japan’s stewardship codes to implement effective governance frameworks, improving its global business appeal and economic strength.”
This comprehensive guide prepares candidates for both GD and WAT, integrating structured arguments, data-driven analysis, and global comparisons essential for success in B-school admissions.