Everything you need to know about the steps involved in the entrepreneurial process. Entrepreneurship is the pursuit of market opportunities to produce innovative goods and services. Once the enterprise gets established, the entrepreneurial process becomes effectively a recurring progress of opportunities. It becomes the process of allocating scarce resources judiciously to pursue the value-adding opportunities. The steps involved in the [...]
Some of the financial institutions supporting small scale industries in India are:- 1. State Finance Corporations (SFCs) 2. Commercial Banks 3. Small Industries Development Bank of India (SIDBI) 4. Industrial Finance Corporation of India (IFCI) 5. Industrial Credit and Investment Corporation of India (ICICI Bank) 6. Industrial Development Bank of India (IDBI) 7. Small Industries Development Fund (SIDF) 8. National [...]
Everything you need to know about the importance of organisational structure. Sound organisation is a must for every enterprise not only for its continuity but also for its success. It is the backbone of a management and without it; no management can manage the various operations of an enterprise. It lays the basis for other managerial functions such as planning, [...]