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Who is an Entrepreneur?
Strong achiever
Sustained enthusiasm
Single-Mindedness
organization skills
2. Capital 2. Entrepreneur raises the requisite capital 2. Intrapreneur does not raise any
himself. capital.
4. Risk-taking 4. Entrepreneur is one who bears full risks of 4. Intrapreneur does not bear any
his business risks of business.
6. Norms and Rules 6. Entrepreneur operates independently. He 6. Intrapreneur operates from within
is the master of his own show as he frames the organization. He is an
norms and rules of his business. organization man and is bound by
organizational norms and rules.
Sole Proprietorship
Partnership Firm
Joint Stock Company
Co-operative Society
Joint Hindu Family Firm
7. Human Resources
Right kind of Skilled, Unskilled and Managerial Staff
necessary to avoid huge losses of time, money and
effort.
Proper Training and Motivation to be provided.
4. Production Policy:-
Production policy has to be a policy to produce as per
the changing demand and thus the working capital
will be required and adjusted accordingly
PREPARED BY: DR. S.K. DOGRA 166
5. Firms Credit Policy:-
Credit allowed by the company to its customers
and its policy of collection also affect the working
capital requirements. There is also a risk of some
credit turning into bad debts.
6. Availability of Credit:-
Liberal credit terms available from the suppliers /
creditors will need less working capital as the firm
will have time to pay.
SOLE TRADER:-
1. Employing A Manager V/s changing over to
partnership:-
Sole trader needs additional capital and help in
management to expand business.
Either can hire a paid manager or can consider one /
more partners.
Traditional Modern
With power
Khadi
Power Looms Small Scale
Without Power
Village Industries
Export Oriented
Handlooms
Ancillaries
Coir Industries
Tiny Enterprises
Sericulture
Silk worm breeding Small Scale Services
and business
enterprises
Cottage
Artisans
PREPARED BY: DR. S.K. DOGRA 246
TECHNOLOGY KNOW-HOW AND
APPROPRIATE TECHNOLOGY
Growth of small scale sector industries has not been very
satisfactory despite the various provisions for its promotion in
the Industrial Policy.
One reason is the absence of latest technology which can
ensure quality and high rate of productivity.
Should keep abreast of developments in technology so as to:-
Remain in the market
Lower the cost of production
Improve the quality of products
Pass on the benefits to the customers
Even without the facility of a sophisticated laboratory and
gadgets, by using his intellectual capabilities and utilizing the
knowledge gained byBY:others.
PREPARED DR. S.K. DOGRA 247
SMALL INDUSTRIES SERVICE INSTITUTES FOR
TECHNICAL ASSISTANCE
They prepare improved designs and drawings for products.
Also assist in making tools, dyes fixtures etc.
Help in optimum utilization of men, material and machinery.
Prepare management control charts for maximization of
profits and train managers and supervisors in industrial
management train workers to upgrade their skills.
Demonstrate modern technical processes.
National Small Industries Corp. N. Delhi:-
Give advanced training in their prototype prod-cum-training
centres in the operations of modern machineries.
COUNCIL OF SCIENTIFIC AND INDUSTRIAL RESEARCH.
NEW DELHI:-
Develops new technological processes and provides the same
to industry PREPARED BY: DR. S.K. DOGRA 248
PRODUCTIVITY COUNCILS:- Train the factory owners
to increase the productivity.
SMALL INDUSTRY EXTENSION TRAINING
INSTITUTE, HYDERBAD:- Gives full time Management
Training to Managers and proprietors in small Industry
sector.
CENTERAL INSITUTE OF TOOL DESIGN (CITD):-
Specializes in provision of technical consultancy and
tool facilities, training in design and manufacture of
tools.
INSTITUTE FOR DESIGN OF ELECTRICAL
MEASURING INSTRUMENTS (IDEMI):-
Provides technical know-how and testing, laboratory,
workshop and training vacilities to electrical measuring
instrument manufacturers .
PREPARED BY: DR. S.K. DOGRA 249
APPROPRIATE TECHNOLOGY FOR
SMALL BUSINESS
Underdeveloped / developing economies face a number of
serious and complex problems one of them is the
unemployment.
Blind imitation of and wholesale adoption of the
established technology from industrialized countries may
aggravate the problem of unemployment.
India, an agricultural economy is also labour-intensive.
Issue is whether our small scale sector should try to follow
the scientific discoveries of advanced countries? We should
always think of our large number of labour force.
Small industries offer same remedy for the monitoring
unemployment problems
PREPARED BY: DR. S.K. DOGRA 250
Appropriate technology should be used so that it takes
care of millions of idle hands and at the same time,
facilitate prod. of goods of comparable quality at a
reasonable cost. Such a technology is required for the
small scale sector, called as “Appropriate technology”.
Also linked with the affordability
Scientific capabilities and innovative talents can
provide a solution.
Urgent necessity to develop this appropriate
technology in view of economic factors and factors of
our economy.
Registrar
SEAL Joint Stock of Companies
Maharashtra
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