*Research scholar, D.D Jain Memorial College for Women, Ludhiana, Punjab, India
**Assistant Professor, D.D Jain Memorial College for Women, Ludhiana, Punjab, India
Online published on 3 June, 2015.
Corporate culture, industrialization and modernization acts as vital pillars in the economic growth and development. An innovation in these areas not only creates job opportunities but also enhances the skill levels and reduces the cost of production. Industrialization and modernization acts as a tool in removing poverty and socially improving the society as a whole. Advancement in these sectors improves the quality of manufactured exports and hence improves the global image. With the introduction of effective corporate structure smooth flow of operations can become possible which may leads to effective achievement of long term goals of an organization and is hence able to play the active development role.