World-wide, Micro Small Medium Enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. Now, with the Narendra Modi – led NDA government at the center, expectations are naturally running high. It is the time to fulfill the same.
MSME sector occupies an important position in the country’s industrial economy and contribute to industrial production, exports, creation of employment opportunities etc. This is a sector that has emerged as a highly vibrant and dynamic sector of the Indian economy over last few decades. It play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries and at the same time also help in industrialization of rural and backward areas. This result in reducing regional imbalances assuring more equitable distribution of national income and wealth thereby contributing enormously to the socio -economic development of the country. Continue reading
There was a helter -skelter situation in my mind when i read that there was hotel business started by 22 year old in mumbai for vegetarians.A 22 year old doing business it was such an astonished moment for me at that time.For a hotel business what did he required, a perfect ambiance,a good gourmet,some really perfect chefs was that all he needed? Continue reading
You work hard so that you can have a beautiful house , car and all the luxuries in life. But what if you have a wonderful idea and an urge to do something big?? Start a business!!
You are your own boss –doing your own thing , setting your own priorities. But does anyone know that the very act of starting a business requires sheer grit and pulling yourself out of the rut? Continue reading
We are quite familiar with this word. And I am m very sure many of us have been through it atleast once in our life. Right from children to adults everyone has done or been a part of team work. Playing teams, doing projects, assignments everything is included in team work. All our institutions be it schools, colleges, offices, companies and even our very own family works on team work efforts. We need the contribution from each member of the team. Continue reading
Every business organization aims at earning maximum profit and setting up a sound reputation in the corporate world. A business entity always wants that its organization runs smoothly and successfully. The only way to achieve this goal and be successful is through proper “Business Management”. Continue reading
God created the universe. The universe includes all the living organisms. We human beings are his best creation. A human being or a human body is the most adorable and unique example of efficient functioning. Each cell,each tissue,each organ plays a vital role.The synchronization existing in our body runs our life.
Business is also somewhat similar to the human body. Each component of the business is like each organ of our body. None of the components can be avoided. Each of it has its own importance. In business, management plays the role of the heart and unity takes up the actions of the nervous system. So, one can easily make out how important management and unity is in the functioning of a business. Business, management and unity are connected with an invisible but unbreakable bond. Continue reading
Iconic brands can seldom be brands of a functional nature. They have to be either in look-good or feel-good category. Thus such brands appeal to aspirants or are the lifestyle-driven. They appeal to people with a certain set of values or attitude. Brands do not achieve cult status by sales. For that, they have to become a part of our day to day life. Unless and until people will not identify themselves with a brand, it cannot become a cult. For instance a large number of people eagerly wait for the launch of the Apple’s products all year long. This sort of fan following makes a brand cult. A cult brand is one whose appeal is global and works outside of cultural differences. Continue reading
An idea probably or an intricate dream, a source of inspiration or the need of the hour. Millions of causes for what lead you towards the pathway of this exquisite field of human intelligence where trust , loyalty , fortitude , valour and any other conspicuous virtue is put to a test we pronounce it “ BUSINESS” .
‘A person , partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.’
Simply put as “ Earning by learning”where learning about the market and the customers demand .For long ages has the ideology of marketing and profit making existed in the human world .It has created many revolutionary turns, a paradigm shift in many cases, but has it profited us in every existing way or has it not? . A trip to the dark side. Continue reading
Dhirubhai Ambani was an Indian business magnate and entrepreneur who founded Reliance Industries, petrochemicals, a communications, power, and textiles conglomerate and the only privately owned Indian company in the Fortune 500.
Ambani took his company public in 1984. Dhirubhai has been one among the select Forbes billionaires and has also figured in the Sunday Times list of top 50 businessmen in Asia. His life has often been referred to as a true “rags to riches” story.
Dhirubhai started off as a small time worker with Arab merchants in the 1950s and moved to Mumbai in 1958 to start his own business in spices. After making modest profits, he moved into textiles and opened his mill near Ahmedabad. Dhirubhai founded Reliance Industries in 1958 and today the company, with over 85,000 employees, provides almost 5% of the Central Government’s total tax revenue. Continue reading