Entrepreneurship Session-9 30/03/07
Sam Walton's 10 Rules for Success    <ul><li>   Commit to your business.  </li></ul><ul><li>Believe in it more than anythi...
Sam Walton's 10 Rules for Success <ul><li>Share your profits with all your associates, and treat them as partners. In turn...
Sam Walton's 10 Rules for Success <ul><li>Motivate your partners.  </li></ul><ul><li>Money and ownership aren’t enough. </...
Sam Walton's 10 Rules for Success <ul><li>Communicate everything you possibly can to your partners.  </li></ul><ul><li>The...
Sam Walton's 10 Rules for Success <ul><li>Information is power, and the gain you get from empowering your associates more ...
Sam Walton's 10 Rules for Success <ul><li>Appreciate everything your associates do for the business. Nothing else can quit...
Sam Walton's 10 Rules for Success <ul><li>Celebrate your success and find humor in your failures.  </li></ul><ul><li>Don’t...
Sam Walton's 10 Rules for Success <ul><li>Listen to everyone in your company, and figure out ways to get them talking.  </...
Sam Walton's 10 Rules for Success <ul><li>Exceed your customer’s expectations. If you do they’ll come back over and over. ...
Sam Walton's 10 Rules for Success <ul><li>Stand behind everything you do. ‘Satisfaction guaranteed’ will make all the diff...
Sam Walton's 10 Rules for Success <ul><li>Control your expenses better than your competition. This is where you can always...
Sam Walton's 10 Rules for Success <ul><li>Swim upstream.  </li></ul><ul><li>Go the other way.  </li></ul><ul><li>Ignore th...
Small Scale Business: <ul><li>The Small Scale Sector is the natural habitat of  entrepreneurs. </li></ul><ul><li>Most entr...
Economic Indicators: <ul><li>The small-scale industries sector plays a vital role in the growth of the country. </li></ul>...
Economic Indicators: <ul><li>The number of small-scale units has increased from an estimated 0.87 million units in the yea...
Role of Small Business In Indian Economy <ul><li>Employment: It has been estimated that 100,000 rupees of investment in fi...
Role of Small Business In Indian Economy <ul><li>Export promotion: 45%-50% of the Indian Exports is contributed by SSI Sec...
Role of Small Business In Indian Economy <ul><li>The exports from SSI sector have been clocking excellent growth rates in ...
Role of Small Business In Indian Economy <ul><li>SSI sector dominates in exports, are: </li></ul><ul><li>sports goods,  </...
Role of Small Business In Indian Economy <ul><li>Share in Industrial production: </li></ul><ul><li>Development of Entrepre...
Business In India <ul><li>Small scale business: Having investment in fixed assets in plants and machinery: not exceeding 6...
Business In India <ul><li>Ancillary Industries :tooling </li></ul><ul><li>Tiny Units: Fixed investments in plants and mach...
Business In India <ul><li>Household Industries:Like artisans, </li></ul><ul><li>skilled craftsmen and technician </li></ul...
Small Scale Industries Nature and Characteristics: <ul><li>Personal Character: Owner himself is generally the manager. </l...
Small Scale Industries Nature and Characteristics: <ul><li>Closely Held: A small scale unit is a one man show. </li></ul><...
Small Scale Industries Nature and Characteristics: <ul><li>Local area of operation: </li></ul><ul><li>Labour Intensive: Ge...
Small Scale Industries Nature and Characteristics: <ul><li>Indigenous Resources:These units use local resources. </li></ul...
Small Scale Industries Nature and Characteristics: <ul><li>Limited scale of operation: Limited share of a given market. </...
Objectives of small business: <ul><li>To generate immediate and large scale employment opportunities with relatively low i...
Objectives of small business: <ul><li>To bring backward areas too in the mainstream of national development. </li></ul><ul...
Small scale business as a seedbed of Entrepreneurship: <ul><li>It creates more self-employment. </li></ul><ul><li>Usually ...
Small scale business as a seedbed of Entrepreneurship: <ul><li>Small units assist large and medium industries by acting as...
Small Scale Business: <ul><li>The SSI Sector provides an opportunity for them to hone their skills and talents,  </li></ul...
Problems of Small Scale Industries: <ul><li>Problem of raw material: </li></ul><ul><li>Problem of Finance: </li></ul><ul><...
Large v/s Small Scale: <ul><li>Small business fosters change through a cycle of birth and death. </li></ul><ul><li>The lar...
Large v/s Small Scale: <ul><li>In large organizations, risk or reward decisions are made by employee managers without live...
Large v/s Small Scale: <ul><li>Because of its general competitive inferiority, small business must make greater use of sec...
Large v/s Small Scale: <ul><li>Small business serves markets which big business doesn't wish or cannot serve. </li></ul>
Internal Relationship between large and small business: <ul><li>Competitive: </li></ul><ul><li>Purchase sub-contracting: <...
Profile of SSI Sector in India <ul><li>95% of Industrial Units in the Country </li></ul><ul><li>34.29% of National Exports...
Profile of SSI Sector in India <ul><li>Employment To 193 Lakh Persons </li></ul><ul><li>Production of Over 7500 Items in t...
Small Scale Business: <ul><li>70 percent of the total innovations in the world have come from the Small Scale Sector: </li...
Small Industries Development Organization (SIDO)   <ul><li>It is an apex body for assisting the Ministry in: </li></ul><ul...
National Small Industries Corporation (NSIC) Ltd.   <ul><li>Was set up with a view to promoting, aiding and fostering the ...
The Corporation has been assisting the sector through the following schemes and activities:   <ul><li>Supply of both indig...
The Corporation has been assisting the sector through the following schemes and activities: <ul><li>Export of small indust...
The Corporation has been assisting the sector through the following schemes and activities: <ul><li>Sensitizing SSI units ...
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Entp 09ppt

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