Article: Information technology: a growth navigator for small scale industries in India Small scale industries (SSI) have a significant role in the Indian economy in view of its contribution to production‚ employment‚ and export. However‚ since 1991 small scale industries in India find themselves in an intensely competitive environment due to globalization‚ domestic economic liberalization‚ and dilution of sector specific protective measures. The formation of World Trade Organization in 1995 also
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“I’ve got a small business with only 3 full-time staff. Marketing Planning’s no real practical use to me! Besides‚ I can’t afford the time and/or the money to do it” The writing of a marketing plan is extremely important step in the functioning of an effective and successful business. A marketing plan will give a snapshot of where the business currently stands‚ where the business hopes and wants to be and what needs to be done to achieve this. This is crucial if the business wants to grow
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SMALL SCALE & COTTAGE INDUSTRIES (Their role‚ problems & prospects in India) (AN OVERVIEW) Small scale industries Definition The definition of small scale industries have changed from time to time. Earlier they were classified under two categories: * Using power with less than 50 employees. * Using no power‚ but strength of employees is more than 50‚ less than 100. However according to the latest definition a industry is said to be a small scale industry
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Chapter – VIII GLOBALISATION AND INDIAN SMALL SCALE INDUSTRIAL SECTOR Globalisation means gradual integration of economies through free movement of goods‚ services and capital which has significant impact on the economies of both developed and developing countries. Therefore‚ globalisation refers to a process of growing economic interdependence among different countries of the world. Thus‚ in the globalised era‚ the whole world is changing into a global village in the sense that economic activities
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When the first foundings of Gold were cited in California‚ many citizens around the western coast and eastern coast fled to the scene of the spot being the Sierra Mountains near California. The Gold Rush led to huge expenses in labor shortages around the western coast; this funded opportunities for many residents who were in need of job opportunities. The economy would blossom and flourish from manufactured products‚ merchant business and agricultural products produced in California being grapes
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’ALL That Glisters IS NOT GOLD ’ James S Rivers Devry University Professor Douglas Thornton BUSN-115-60273 Intro to Business & Technology "Mining group gold is a process that helps in the establishment of a concerted effort between team members so they can accomplish tasks that are in keeping with an organization’s strategic initiatives and vision." http://www.trainerstoolchest.com/show_product.php?idnum=226 Mining group gold helps focusing on group interaction skills in organizational
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A business opportunity (or bizopp) involves sale or lease of any product‚ service‚ equipment‚ etc. that will enable the purchaser-licensee to begin a business. The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee. This is different from the sale of an independent business‚ in which there is no continued relationship required by the seller. Makeup of a business opportunity
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Bullock Gold Mining The payback period for Bullock Gold Mining in the book does not have a required time period. Usually‚ a company has a pre-specified length of time as a benchmark. The decision rule is to invest in projects that pay sooner or have a shorter payback period. We calculated the payback period to be 3.96 years which is less than half of the expected duration of the project. To determine 3.96 we added the Present Value of the Cash Flows until we matched the initial investment
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References: Abaka‚ E.K.‚ and Mayer P. (eds) (1994). Promotion of Small – Scale Enterprises in Ghana Masilela‚ E. and Rees‚ S. S. (2001). Smes’ access to finance in south africa‚ a supply-side regulatory review Abor‚ J.‚ and Adjasi‚ C.K.D. (2007). Corporate governance and the small and medium enterprise sector: Theory and implications Corporate Governance Vol.7 No.2‚ 2007. Abor‚ J Abor‚ J. and Biekpe‚ N. (2006). Small business financing initiatives in Ghana. Acs‚ Z.‚ Morck‚ R. and Young‚ B.
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SMALL SCALE PRODUCTION OF YOGURT Yogurt is a sour milk product. Its sour taste is attributed to the presence of lactic acid yielded by bacteria through fermentation. Bacteria that are commonly used in yoghurt production are Streptococcus thermophilus and Lactobacillus bulgaricus. These bacteria have the ability to break down sugars in the milk producing lactate or lactic acid as by-product. Below is a step-by-step procedure in the production of yogurt. Find out from the procedure why
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