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Entp 09ppt

Entp 09ppt






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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