MSMEs Major Weaknesses and Remedial Measures

Following are identified as the major weaknesses of Indian Micro, Small and Medium Enterprises  In efficient human factor Faulty and irregular supply of raw material Lacl of machinery and equipment  Absence of credit facilities Absence of Organized marketing facility Competition from Large Scale units and imported articles Old and Orthodox designs High degree of obsolescence… Read More

Understanding the stakeholder’s requirement in 3 simple ways

“There are three constants in life… change, choice and principles.” – Stephen Covey. Understanding the stakeholder’s requirement is the first principle to be followed for any type business. Bet it small or big, but the principles never change. The stakeholders of an organization consists of customers, suppliers, employees, statutory bodies, regulatory bodies and the society.… Read More