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Process of Registration of an MSME – Registering a Micro, Small, or Medium Enterprise (MSME) in India is a straightforward online process facilitated through the Udyam Registration portal. MSMEs benefit from several government schemes, including subsidies, credit facilities, tax exemptions, and more. Here’s a step-by-step guide on how to register an MSME in India: Process […]
Meaning of MSME Meaning and Definition of MSME – The Indian Micro, Small & Medium-Scale Enterprises (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 63.4 million units throughout the geographical […]
In this article we will discuss about Business Incubators – Meaning, Concept, Nature, Characteristics, Features, objectives, Importance, Types, Benefits & Challenges Meaning and Concepts of Business Incubator Meaning and Concepts of Business Incubator A business incubator is an organization or program designed to support the growth and development of early-stage startups and small businesses. Incubators […]
Decision Making framework for Selection of Machinery and Equipment for new manufacturing plant – Selecting machinery and equipment for a new manufacturing plant is a complex decision that involves multiple factors and stakeholders. A structured decision-making framework can help ensure a thorough and effective selection process. Here is a comprehensive framework you can use: Decision […]
Project Planning & Scheduling using Network Techniques – PERT & CPM Analysis – Techniques of control are vital for effective management and achieving organizational goals. These techniques include financial control, quality control, inventory control, process control, strategic control, and personnel control. They involve managing financial resources, ensuring product/service quality, optimizing inventory levels, enhancing operational efficiency, […]
In this article we will discuss about the feasibility analysis or process of project report preparation for MSMEs Micro Small and Medium Enterprises in Entrepreneurship Development. nd lending institutions. There are five types of feasibility study—separate areas that a feasibility study examines, described below. Technical feasibility, Managerial feasibility, Marketing feasibility, Legal feasibility, Operational feasibility, Financial […]
In this article we will discuss how we can start or set setting up a small scale business unit or enterprise. Know the complete step by step process of starting a new small scale business unit. Setting up or starting a small scale business enterprise or unit in India is a promising venture due to […]
In this article we will discuss about various Government (Govt.) Policies or Schemes governing MSMEs (Micro, Small & Medium Enterprises) – Entrepreneurship Development. Govt. Policies for MSMEs Government Govt. MICRO, SMALL AND MEDIUM ENTERPRISES MSMEs POLICIES OR SCHEMES In India, Micro, Small and Medium Enterprises (MSMEs) are governed by a range of Government Govt. policies […]
In this article we will discuss about understanding the Ownership Structure of Micro, Small and Medium Enterprises (MSMEs) – Sole Proprietorship, Partnership, Limited Liability Company (LLC), Corporation, Cooperative Societies etc. Understanding the Ownership Structure of Micro, Small and Medium Enterprises (MSMEs) Ownership Structure of MSMEs – Understanding the ownership structure of Micro, Small, and Medium […]
There are various types of entrepreneurs such as innovative, imitating, Fabian, drone, social, business, industrial, corporate, agricultural, technical, non-technical, professional, pure, induced, motivated, spontaneous, growth, first-generation, modern, classical, forced entrepreneurs. TYPES OF ENTREPRENEURS: Types of Entrepreneurs – Depending upon the level of willingness to create innovative ideas, there can be the following types of entrepreneurs: […]
In this article we will discuss various leadership Styles – Autocratic, Democratic, Laissez-Faire, Transformational, Transactional, Servant, Charismatic, Adaptive. Leadership style can vary widely depending on the individual leader’s personality, the organization’s culture, and the specific context in which leadership is exercised. Here are some common leadership styles and their characteristics: Different Leadership Styles Leadership Styles […]
In this article, we will discuss Entrepreneurship Development Meaning, Concept, Characteristics, Importance and process. MEANING OF ENTREPRENEURSHIP Meaning of entrepreneurship Entrepreneurial development today has become very significant; given its being a key to economic development. The objectives of industrial development, regional growth, and employment generation depend upon entrepreneurial development. Entrepreneurs are the seeds of industrial […]
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