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Entp 09ppt Entp 09ppt Presentation Transcript

  • Entrepreneurship Session-9 30/03/07
  • Sam Walton's 10 Rules for Success 
    •   Commit to your business.
    • Believe in it more than anything else.
    • If you love your work, you’ll be out there every day trying to do the best you can, and pretty soon everybody around will catch the passion from you - like a fever.
  • Sam Walton's 10 Rules for Success
    • Share your profits with all your associates, and treat them as partners. In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations
  • Sam Walton's 10 Rules for Success
    • Motivate your partners.
    • Money and ownership aren’t enough.
    • Set high goals, encourage competition and then keep score. Make bets with outrageous payoffs.
  • Sam Walton's 10 Rules for Success
    • Communicate everything you possibly can to your partners.
    • The more they know, the more they’ll understand. The more they understand, the more they’ll care. Once they care, there’s no stopping them.
  • Sam Walton's 10 Rules for Success
    • Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitors.
  • Sam Walton's 10 Rules for Success
    • Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise.
    • They’re absolutely free and worth a fortune.
  • Sam Walton's 10 Rules for Success
    • Celebrate your success and find humor in your failures.
    • Don’t take yourself so seriously. Loosen up and everyone around you will loosen up. Have fun and always show enthusiasm. When all else fails put on a costume and sing a silly song.
  • Sam Walton's 10 Rules for Success
    • Listen to everyone in your company, and figure out ways to get them talking.
    • The folks on the front line - the ones who actually talk to customers - are the only ones who really know what’s going on out there.
    • You’d better find out what they know.
  • Sam Walton's 10 Rules for Success
    • Exceed your customer’s expectations. If you do they’ll come back over and over.
    • Give them what they want - and a little more. Let them know you appreciate them. Make good on all your mistakes, and don't make excuses - apologize.
  • Sam Walton's 10 Rules for Success
    • Stand behind everything you do. ‘Satisfaction guaranteed’ will make all the difference.
  • Sam Walton's 10 Rules for Success
    • Control your expenses better than your competition. This is where you can always find the competitive advantage.
    • You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you’re too inefficient.
  • Sam Walton's 10 Rules for Success
    • Swim upstream.
    • Go the other way.
    • Ignore the conventional wisdom.
    • If everybody is doing it one way, there’s a good chance you can find your niche by going exactly in the opposite direction.
  • Small Scale Business:
    • The Small Scale Sector is the natural habitat of entrepreneurs.
    • Most entrepreneurs start small and then nurture their units into large industries.
  • Economic Indicators:
    • The small-scale industries sector plays a vital role in the growth of the country.
    • It contributes almost 40% of the gross industrial value added in the Indian economy.
  • Economic Indicators:
    • The number of small-scale units has increased from an estimated 0.87 million units in the year 1980-81 to over 3 million in the year 2000.
  • Role of Small Business In Indian Economy
    • Employment: It has been estimated that 100,000 rupees of investment in fixed assets in the small-scale sector generates employment for four persons.
  • Role of Small Business In Indian Economy
    • Export promotion: 45%-50% of the Indian Exports is contributed by SSI Sector.
    • Direct exports from the SSI Sector account for nearly 35% of total exports .
    • It is estimated that small-scale industrial units contribute around 15% to exports indirectly.
  • Role of Small Business In Indian Economy
    • The exports from SSI sector have been clocking excellent growth rates in this decade.
    • It has been mostly fuelled by the performance of garments, leather and gems and jewellery units from this sector.
  • Role of Small Business In Indian Economy
    • SSI sector dominates in exports, are:
    • sports goods,
    • readymade garments,
    • woollen garments and
    • knitwear, plastic products,
    • processed food and leather products.
  • Role of Small Business In Indian Economy
    • Share in Industrial production:
    • Development of Entrepreneurship:
    • Optimization of Capital:
    • Balanced regional development:
    • Mobilisation of local resources:
    • Consumer surplus:
    • Feeder to large scale industries:
  • Business In India
    • Small scale business: Having investment in fixed assets in plants and machinery: not exceeding 65 lakhs.
    • Ancillary Industries: Industrial undertakings having investment in plant and machinery not exceeding 75lakhs.
    • Engaged in manufacture of spare parts,
    • components
  • Business In India
    • Ancillary Industries :tooling
    • Tiny Units: Fixed investments in plants and machinery not exceeding 5 lakhs.
    • Egs: Laundry,xeroxing,repairs and maintainence,hatching,poultry etc.
    • Small scale service Establishments:Enterprise engaged in personal or household services in rural areas and towns.
  • Business In India
    • Household Industries:Like artisans,
    • skilled craftsmen and technician
    • with less than 300 sq ft space,
    • less than KW Power,
    • less than 5 workers and
    • no pollution is caused.
  • Small Scale Industries Nature and Characteristics:
    • Personal Character: Owner himself is generally the manager.
    • Owner has first hand information on the business.
    • He is the active participator in decision making
  • Small Scale Industries Nature and Characteristics:
    • Closely Held: A small scale unit is a one man show.
    • It is held by one person or small group of persons
  • Small Scale Industries Nature and Characteristics:
    • Local area of operation:
    • Labour Intensive: Generally labour intensive.
    • Capital investment is limited.
    • Use of simple technology.
  • Small Scale Industries Nature and Characteristics:
    • Indigenous Resources:These units use local resources.
    • Decentralized operations.
    • Simple organization: There are no layers of management.
    • Division of labour is low.
    • Resources are limited.
  • Small Scale Industries Nature and Characteristics:
    • Limited scale of operation: Limited share of a given market.
    • Size of industry is also small.
    • Limited scope for expansion:
  • Objectives of small business:
    • To generate immediate and large scale employment opportunities with relatively low investment.
    • To eradicate unemployment problem from the country.
    • To encourage dispersal of industries to all over the country .
  • Objectives of small business:
    • To bring backward areas too in the mainstream of national development.
    • To promote balanced regional development in the whole country.
    • To ensure more equitable distribution of national income.
    • To improve the level of living of people in the country.
  • Small scale business as a seedbed of Entrepreneurship:
    • It creates more self-employment.
    • Usually based on local resource.
    • These industries can be located anywhere.
    • Quick return.
    • Requires simple technology and low managerial skills.
    • These units help to maintain and retain traditional skills and handicrafts.
  • Small scale business as a seedbed of Entrepreneurship:
    • Small units assist large and medium industries by acting as ancillaries
  • Small Scale Business:
    • The SSI Sector provides an opportunity for them to hone their skills and talents,
    • to experiment, to innovate and transform their ideas into goods and services needed by the society.
  • Problems of Small Scale Industries:
    • Problem of raw material:
    • Problem of Finance:
    • Problem of Under utilization of Capacity:
    • Outdated Technology:
    • Poor project planning:
    • Inadequate infrastructure:
  • Large v/s Small Scale:
    • Small business fosters change through a cycle of birth and death.
    • The large business pattern of change takes place through expansion and contraction.
    • Risk or reward is personal in the case of small business and its calculation is circumscribed by the potential fortunes of a single line of business.
  • Large v/s Small Scale:
    • In large organizations, risk or reward decisions are made by employee managers without livelihood stake.
    • The judgement includes long range welfare of large perpetual organization.
    • Small business is in no position to influence its immediate economic environment but big business does.
  • Large v/s Small Scale:
    • Because of its general competitive inferiority, small business must make greater use of secondary resources
    • whereas business due to superior size has a first call on most of primary resources.
  • Large v/s Small Scale:
    • Small business serves markets which big business doesn't wish or cannot serve.
  • Internal Relationship between large and small business:
    • Competitive:
    • Purchase sub-contracting:
    • Complimentary:
    • Maintenance and repair services:
    • Social benefits of inter-linkages:
  • Profile of SSI Sector in India
    • 95% of Industrial Units in the Country
    • 34.29% of National Exports
    • 6.86% of Gross Domestic Product
  • Profile of SSI Sector in India
    • Employment To 193 Lakh Persons
    • Production of Over 7500 Items in the Industrial Sector
    • 298 Items Reserved for Exclusive Manufacture
    • 358 Items for Exclusive Purchase from This Sector
  • Small Scale Business:
    • 70 percent of the total innovations in the world have come from the Small Scale Sector:
    • Siemens, Ford, Eastman Kodak, Lever
    • Brothers, Reliance, Nirma, Rasna were all started small and then nurtured into
    • big businesses.
  • Small Industries Development Organization (SIDO)
    • It is an apex body for assisting the Ministry in:
    • formulating,
    • coordinating,
    • implementing and
    • monitoring policies and programmes for the promotion and development of small scale industries in the country
  • National Small Industries Corporation (NSIC) Ltd.
    • Was set up with a view to promoting, aiding and fostering the growth of small scale industries in the country with focus on commercial aspects of these functions.
    • NSIC continues to implement its various programmes and projects throughout the country to assist the SSI units.
  • The Corporation has been assisting the sector through the following schemes and activities:
    • Supply of both indigenous and imported machines on easy hire-purchase terms
    • Composite term loan scheme
    • Procurement, supply and distribution, of indigenous and imported raw- materials
    • Marketing of small industries products
  • The Corporation has been assisting the sector through the following schemes and activities:
    • Export of small industries products and developing export-worthiness of small scale units
    • Enlisting competent units and facilitating their participation in Government Stores Purchase Programme
  • The Corporation has been assisting the sector through the following schemes and activities:
    • Sensitizing SSI units on technological up gradation through Software Technology Parks and Technology Transfer Centers
    • Mentoring & advisory services
    • Technology business incubators
    • Setting up small scale industries in other developing countries on turnkey basis