In this issue of Insights Success – The 30 Most Admired Companies in 2021, let’s embark on a journey of exploring the pathbreaking companies which are bringing a fresh breath of air in the industry and are upholding innovation, coordination, and cooperation.
In this issue of Insights Success – The 30 Most Admired Companies in 2021, let’s embark on a journey of exploring the pathbreaking companies which are bringing a fresh breath of air in the industry and are upholding innovation, coordination, and cooperation.
Zero defect zero effect - maturity assessment model developed by CQI for Indian Industries to derive Quality culture and more towards Quality revolution in India
our honborable prime minister narendra modi took an initiative "make in India" which consist ZED as one of the important criteria for the success.
this ppt describes about ZED
The Effectiveness of Virtual R&D Teams in SMEs: Experiences of Malaysian SMEsNader Ale Ebrahim
The number of small and medium enterprises (SMEs), especially those involved with research and development (R&D) programs and employed virtual teams to create the greatest competitive advantage from limited labor are increasing. Global and localized virtual R&D teams are believed to have high potential for the growth of SMEs. Due to the fast-growing complexity of new products coupled with new emerging opportunities of virtual teams, a collaborative approach is believed to be the future trend. This research explores the effectiveness of virtuality in SMEs’ virtual R&D teams. Online questionnaires were emailed to Malaysian manufacturing SMEs and 74 usable questionnaires were received, representing a 20.8 percent return rate. In order to avoid biases which may result from pre-suggested answers, a series of open-ended questions were retrieved from the experts. This study was focused on analyzing an open-ended question, whereby four main themes were extracted from the experts’ recommendations regarding the effectiveness of virtual teams for the growth and performance of SMEs. The findings of this study would be useful to product design managers of SMEs in order to realize the key advantages and significance of virtual R&D teams during the new product development (NPD) process. This in turn, leads to increased effectiveness in new product development's procedure.
To laud some of these companies that have consistently remained on the top, we featured them in our latest edition of Insights Success, Companies in Focus.
What does it take to succeed in Indonesia?
We asked 82 large-cap and global companies to take a broad look at effective they have been. "Winning In Indonesia" outlines the challenges faced by them and how they are coping in this fluid and exciting market.
Read more to understand what "Winning In Indonesia" requires.
The company in focus is Sealmatic India Pvt. Ltd. Its mechanical seals are sold to over 47 countries, breaking the ceiling of dominance by other countries.
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Zero defect zero effect - maturity assessment model developed by CQI for Indian Industries to derive Quality culture and more towards Quality revolution in India
our honborable prime minister narendra modi took an initiative "make in India" which consist ZED as one of the important criteria for the success.
this ppt describes about ZED
The Effectiveness of Virtual R&D Teams in SMEs: Experiences of Malaysian SMEsNader Ale Ebrahim
The number of small and medium enterprises (SMEs), especially those involved with research and development (R&D) programs and employed virtual teams to create the greatest competitive advantage from limited labor are increasing. Global and localized virtual R&D teams are believed to have high potential for the growth of SMEs. Due to the fast-growing complexity of new products coupled with new emerging opportunities of virtual teams, a collaborative approach is believed to be the future trend. This research explores the effectiveness of virtuality in SMEs’ virtual R&D teams. Online questionnaires were emailed to Malaysian manufacturing SMEs and 74 usable questionnaires were received, representing a 20.8 percent return rate. In order to avoid biases which may result from pre-suggested answers, a series of open-ended questions were retrieved from the experts. This study was focused on analyzing an open-ended question, whereby four main themes were extracted from the experts’ recommendations regarding the effectiveness of virtual teams for the growth and performance of SMEs. The findings of this study would be useful to product design managers of SMEs in order to realize the key advantages and significance of virtual R&D teams during the new product development (NPD) process. This in turn, leads to increased effectiveness in new product development's procedure.
To laud some of these companies that have consistently remained on the top, we featured them in our latest edition of Insights Success, Companies in Focus.
What does it take to succeed in Indonesia?
We asked 82 large-cap and global companies to take a broad look at effective they have been. "Winning In Indonesia" outlines the challenges faced by them and how they are coping in this fluid and exciting market.
Read more to understand what "Winning In Indonesia" requires.
The company in focus is Sealmatic India Pvt. Ltd. Its mechanical seals are sold to over 47 countries, breaking the ceiling of dominance by other countries.
GET BEST QUALITY SOLVED ASSIGNMENTS
VISIT WWW.SMUSOLVEDASSIGNMENTS.COM
Or Mail us at solvemyassignments@gmail.com
YOU MAY CALL US ON - 7506193173
WHATSAPP NUMBER- 9967480770
INTERNAL ASSIGNMENT APPLICABLE FOR SEP 2021 EXAMINATION
Empowering MSMEs - Skills Development of the MSME Sector - Part - 7Resurgent India
One of the thrust areas for increasing the competitiveness of MSMEs includes skills development. Skills development not only helps in improving productivity but also fosters entrepreneurship. Hence, it is imperative for the concerned governmental agencies, trade associations and MSMEs to come together and discuss on how to make training programmers relevant and attractive for MSMEs. The lack of human resources has been a long-standing problem faced by MSMEs in the country. Despite India’s large pool of human resources, the MSMEs continue to lack skilled manpower required for manufacturing, marketing, servicing, etc.
The Indian economy has emerged as a beacon of hope in the current scenario characterized by a sluggish global economic performance. Owing to improved monetary and fiscal policies, the Indian economy has registered the highest growth amongst the G20 countries. With recent reforms by the Indian Government, especially in enhancing ease of doing business, opening the economy to foreign investors & international trade and increasing transparency in the financial system, India is well poised to become a key player in the global economy.
MSMEs are the very fuel that drive the growth of the Indian economy. Their small size, low capital requirement, use of indigenous technology & local resources and suitability for rural areas, makes it a strong case for the promotion of MSMEs. The need of the hour is to heed the crucial hurdles that are thwarting the growth of these enterprises and prepare them, through timely policy interventions and structural changes, towards enhancing their share in the global market.
This issue of the Policy Watch focuses especially on MSMEs, recent policy developments pertaining to the sector, opportunities and growth prospects for SMEs and significant policy recommendations in various areas that will assist in putting Indian MSMEs on a high growth trajectory.
Improving Sales in SME Using Internet MarketingIOSR Journals
Abstract : In Indonesia, SMEs are the backbone of the Indonesian economy. Number of SMEs until 2011 to
reach around 52 million. SMEs in Indonesia is very important for the economy because it accounts for 60% of
GDP and 97% of the workforce holds. But access is limited to financial institutions only 25% or 13 million
SMEs who have access to financial institutions. Indonesian government, SMEs, through the Department of
Cooperatives and SMEs, in each province or regency / city.
Although Small and Medium Enterprises (SMEs) is driving the nation's economy, but in reality many of
the problems SMEs are still entangled. The main thing to note is the ability of SMEs to access a wider market.
Because of the ability to change and adapt to a changing environment will determine the existence of small
businesses in the nation's economy. In the end, the existence of small businesses that have high competitiveness
will strengthen the nation's economy as a whole. Thus, in this study will use an appropriate technology tools
that can provide assistance in introducing products through internet and increase sales in each SME
This study uses a sample of students at the State University of Malang that can make a significant
contribution in the small and medium businesses that are being initiated by students.
Keywords: Small Medium Enterprise, Internet Marketing, Sales Improvement
The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities. With around 48.8 million units throughout the geographical expanse of the country, MSMEs contribute around 7% of the manufacturing GDP and 31% of the GDP from service activities as well as 37% of India s manufacturing output and 40% of the overall exports.
Introduction to MSMEs in India, Key Government Policies and Support for MSMEs, Ease of Doing Business : The India Story, Financing Sources for MSMEs, MSME Issues and Challenges and Role of Information Technology and Innovation
Intellectual capital is an important dimension of entrepreneurship orientation that
highly contributes in the performance of the small and medium-sized enterprises
(SMEs). The measurements of intellectual capital more concern about employees’
knowledge, trademarks, patents, compensation and rewards. This study aims to
examine the relationship between knowledge management and organizational
performance among Malaysian food and beverage SMEs. It also identifies whether or
not protecting patents and trademarks positively contributes in organizational
performance. The primary data was collected through quantitative method and 262
questionnaire administered within food and Beverage SMEs in the Malaysian State of
Selangor. The findings indicated a positive relationship between knowledge
management and organizational performances. A good management of employees’
knowledge adds value to the firms and make them competitive in the market economy.
Apart from knowledge, the study found that protecting patents and trademarks can
positively contribute in the performance of SMEs. Also, the study identified moderate
positive correlations between compensation and reward with organizational
performance. To improve the performance of the firms, SMEs has to adopt effective
techniques such as compensation and reward that encourage employees to sincerely
perform their tasks and utilize their knowledge and effort for the purpose of profit
maximization
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Problems relating to mse
1. 12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 1
2. Micro, small and medium enterprises (MSMEs), including
khadi and village as well as rural enterprises, play a pivotal
role in the overall industrial development of the country. They
have been the significant contributor to the national income,
with their huge involvement in country's industrial
production, exports, etc.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 2
3. They not only help in providing employment opportunities to millions of people across the
country, especially to the village artisans and rural people, but also check the problem of
economic concentration in the hands of a few. They create a sound entrepreneurial base in the
economy by developing and nurturing the talents, skills, etc. of small and medium scale
entrepreneurs. The labour intensity in the MSME sector is estimated to be considerable higher
than the large enterprises. Thus, this sector has been regarded a priority status by both the
Central and the State Governments.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 3
4. Inspite of this, the MSMEs continue to face several problems in their day-to-day operations, that
is, in production and marketing of their products. They find it difficult to sell their output at
remunerative prices and cannot spend much on advertising, marketing research, etc. They also
face stiff competition from large firms. Inadequate infrastructural facilities and access to credit
are other major problems.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 4
5. MSMEs are often unable to procure adequate financial
resources for the purchase of machinery, equipment and raw
materials as well as for meeting day-to-day expenses. Further,
they find it difficult to recruit and motivate skilled managerial
and technical personnel. They are mainly reluctant to adopt
modern methods of organisation and management.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 5
6. Although, the primary responsibility for promotion and development of
MSMEs lies with the concerned State/ Union Territory (UT)
Governments. But, the Central Government has always taken active
interest in supplementing the efforts of State/UT Governments through
its various regulations, as MSMEs have huge potential both in terms of
creation of wealth and employment as well as for the proper growth of
related sectors of the economy.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 6
7. In India, the Ministry of Micro, Small and Medium Enterprises is the
main central authority which assist the States/UTs in their efforts to
promote growth and development of MSMEs. It has been implementing
several schemes/programmes and policies so as to enhance the global
competitiveness of the MSMEs. These relate mainly to simplified
systems and procedures, easy access to capital, positioning the MSMEs
in the global value chain by enhancing their productivity, technology
upgradation, quality improvement, skill development, access to both
domestic and international markets, etc.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 7
8. Types of Problems
The major problems confronting the sector
have been identified as:
1. Technology obsolescence
2. Managerial inadequacies
3. Delayed Payments
4. Poor Quality
5. Incidence of Sickness
6. Lack of Appropriate Infrastructure
7. Lack of Marketing Network
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 8
9. There is lack of trained and experienced employees because small firms cannot pay high salaries
and cannot spend much on training their employees. Small scale firms find it difficult to recruit
and motivate skilled managerial and technical personnel as they look for better opportunities in
the large scale industries. Therefore, they get the second rate talent or have to depend on family
members who do not have diversified skills.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 9
10. Small scale units have to face several difficulties in the marketing and distribution of their
products. Most of them do not have their own marketing network. They find it difficult to sell
their output at remunerative prices due to higher cost of production and non-standardised
quality of products. They cannot afford to spend much on advertising, sales, promotion,
marketing research, etc. They have to sell their products at throwaway prices due to weak
bargaining power and immediate need for money. They also face stiff competition from large
firms.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 10
11. Small scale firms are generally managed by the owners who very often does not possess the skills required for the
efficient management of the enterprise. There is lack of proper division of work and benefits of specialization are not
available. some owner-managers are reluctant to adopt modern methods of organisation and management. There is
instability in business because the sickness and dearth of the owner manager directly affects the survival and growth
of the small firm. Initiatives undertaken by the government include:
Management Training Programmes with the basic objective of improving the productivity/profitability of existing
entrepreneurs by upgrading their managerial decision making capabilities and providing them an insight in the latest
developments in the area of industrial management, marketing management, financial management, inventory
control, human resource development, information technology, and e- commerce, etc. Also, it aims to make them
aware about emerging practices in the field of industrial management.
National Institute for Micro, small and Medium Enterprises (ni-msme) has taken gigantic strides to become the
premier institution for the promotion, development and modernization of the Small and Medium Enterprise sector. An
autonomous arm of the Ministry of Micro, Small and Medium Enterprises (MSMEs), the institute strives to achieve its
avowed objectives through a gamut of operations ranging from training, consultancy, research and education, to
Managerial and Organisational
extension and information services.
National Institute for Entrepreneurship and Small Business Development (NIESBUD), NOIDA is an apex body
established by Ministry of Industries, Government of India for coordinating, training and overseeing the activities of
various institutions/ agencies engaged in entrepreneurship development particularly in the area of small industry and
small business. Indian Institute of Entrepreneurship (IIE), Guwahati aims to be the leading provider of quality
professional development programmers, research and information services in the field of entrepreneurship
motivation, entrepreneurship development and enterprise management. The activities of the institute include
identification of training needs, designing and organizing programmers both for development functionaries and
entrepreneurs; evolving effective training strategies and methodologies for different target groups and locations;
organize seminars, workshops and conferences for providing fora for interaction and exchange of views by various
agencies and entrepreneurs; undertaking research on entrepreneurship development, documenting and
disseminating information needed for policy formulation and implementation on self-employment and
entrepreneurship.
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 11
12. Raw materials and Products
Non-availability of quality raw materials on a timely basis in an adequate quantity is one of the main
problems faced by micro, small and medium enterprises. There is acute shortage of even the basic raw
materials required by small scale units. These units are under a handicap in obtaining raw materials of
requisite quality at reasonable prices. They do not get the benefits of bulk buying. For instance, the
handloom industry is facing shortage of yarn. Small scale industries also face shortage of power due to
which they are unable to make full utilization of plant capacity. Majority of them cannot afford to install
their own power generating plants to ensure uninterrupted operations. National Small Industries
Corporation (NSIC) and State Small Scale Industries Development Corporations are involved in making
efforts for providing some raw materials to MSME sector.
NSIC aims to help small scale units by financing purchase of raw material (both indigenous and
imported), thus allowing them to focus on manufacturing quality products. It facilitates availability of
scarce raw material either through the domestic market or by importing.
State Directorate of Industries distributes scarce raw materials to small units. They have set up depots
for distribution of raw materials to small scale industries (SSIs). The Central Government has introduced
a buffer stock scheme to ensure availability of scarce raw materials to this sector.
Raw Material Assistance Scheme of NSIC aims at helping small scale industries by way of financing the
purchase of raw material (both indigenous & imported). This gives an opportunity to SSIs to focus
better on manufacturing quality products. Benefits of the Scheme
§Financial Assistance for procurement of Raw Material upto 90 days.
§SSI helped to avail Economics of Purchases like bulk purchase; cash discount etc.
§NSIC takes care of all the procedures, documentation & issue of Letter of credit in case of imports.
The entrepreneurs are required to apply for raw material assistance only on the prescribed application
forms. The application may be filled and submitted to the concerned Regional & Branch Offices 12
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com
13. Credit or Finance
All kinds of business enterprises require sufficient funds in order to meet their fixed as
well as working capital requirements. Finance is one of the critical inputs for growth
and development of the micro,small and medium enterprises. They need credit support
not only for running the enterprise and operational requirements but also for
diversification, modernization/upgradation of facilities, capacity expansion, etc.
Inadequate access to credit is a major problem facing micro, small and medium
enterprises. Generally, such enterprises operate on tight budgets, often financed
through owner's own contribution, loans from friends and relatives and some bank
credit. They are often unable to procure adequate financial resources for the purchase
of machinery, equipment and raw materials as well as for meeting day-to-day expenses.
This is because, on account of their low goodwill and little fixed investment, they find it
difficult to borrow at reasonable interest rates. As a result, they have to depend largely
on internal resources.
In respect of MSMEs, the problem of credit becomes all the more serious whenever any
difficult situation occurs such as a large order, rejection of consignment, inordinate
delay in payment, etc. Sometimes, they have to close down their operations due to
shortage of funds. Also, there is little or no scope for expansion and growth due to
12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 13
dearth of capital. Hence, economies of scale are not available.
14. 12/10/2011 8:39:07 PM by Dr.Rajesh Patel,Director,NRV MBA,email:1966patel@gmail.com 14