Small industry needs enlightened, hardworking and positively motivated people who are capable of applying their minds in a wise and judicious fashion in the use of critical resources. There have been many impressionistic writings glorifying the virtues of inventory management, financial management and marketing management in small scale industries, but quite surprisingly, not human resource management. A comprehensive study outlining the importance of utilizing human resources with job satisfaction in an appropriate manner in small scale sector is conspicuously missing. There is no dearth of studies on the topic of small scale industries. However, the studies on job satisfaction of employees are very woefully inadequate. Further, no comprehensive study so far has been made on job satisfaction of employees in small scale industries in Visakhapatnam. The researcher would like to make a modest attempt to fill the existing research gap.
15 Read more
As shown in Table 1.4, in small-scale industries in Haryana only 15.7 per cent industries are calculating cost of debt while taking a loan. It has been pointed out that cost of capital cannot be calculated in small and middle-sized firms with any degree of confidence. That’s why, in such a less number of small-scale industries, this very important factor is used in selecting between debt and equity for financing. In this category the maximum percentage, 25 per cent, belongs to Auto-parts and Electronics industries, followed by Others industry 14 per cent, Rubber & Plastics industry 14.3 per cent, Metal Products 12.8 per cent, and the least in Garments industry 10 per cent. Only, those industries, which are planning their capital structure with the help of experts, calculate cost of capital. Due to this only big units are calculating cost of capital. In Auto-parts & Electronics industries large units are more in comparison to Garments industry and Metal Products industry so their percentage is more in using this factor. The other reason may be the choice among debt or equity.
13 Read more
Economy of Meghalaya is largely based on agriculture and allied activities. There are few industries and most of them are small and medium enterprises. Like almost all the other northeastern states, Meghalaya is largely dependent on wood and wood-based industries. The small-scale industries (SSIs) in Meghalaya are mainly engaged in producing food items, wood furniture, non-metallic products, printing presses, or deal in repairs and services. The other activities being carried out by them include tailoring, cane and bamboo works, flour and rice mills, weaving and baking. The number of small-scale units has increased but the average number of workers per unit has barely increased, and the average net value of output per worker has actually declined. There is also the vast inter regional disparity associated with the location of these units with EAST KHASI HILLS accounting for 40 per cent of the total number of units, followed by WEST GARO HILLS (20 per cent), JAINTIA HILLS (13 per cent) AND RI BHOI (11 per cent). The remaining districts account for less than 10 per cent of the SSIs in the state. The employment effects of this skewed distribution of industry are clear, as almost half (46 per cent) of the SSI employment occurs in the EAST KHASI HILLS, with the share of SSI employment in the other districts mirroring the distribution of units.
19 Read more
Four decades of post-independence industrialization has changed the structure and growth pattern of the economy by creating new growth centers and enabling new entrepreneurs to emerge. Both public and private sectors have explained considerably and a comfortable heavy and basic industry base has been created along with the expansion of small scale sector. In the meanwhile, small-scale industries relying on some modern or semi-modern machines also appeared in the cities and also in small and medium towns where the artisan castes began to shift to small-scale industry. Machenics, workshops, manufacture of metal, agricultural tools and electrical appliances, etc. Definition of Small Scale and Cottage Industries
20 Read more
facilities do not always attract the interest of small and medium industries owners in Denpasar City to utilize e-commerce. Readiness to change is believed to be important for organization in order to develop for continuity and prosperity and changes in the business environment. The core issue of organizational change is not emphasized in strategy, structure, culture or system, but on employee behavior (Jermias, 2001). Appropriate use of information technology and supported by the expertise of the personnel who operate it can improve company performance and the performance of the individual concerned (Syahroni, 2014). More higher the information technology competency of an employee, it will be able to encourage the use of technology in a company. Individual competencies are a combination of knowledge, expertise and habits that affect their performance (Moulton, 2003). Given the large opportunity for local small medium scale industries in the region to touch national and international markets, it is necessary to do research on the level of adoption of e-commerce and whether the technological competencies possessed by human resources have a positive and significant effect on the level of adoption of e-commerce in craft- specific small medium scale industries in Denpasar City. Because local craft-specific small medium scale industries, especially in Denpasar City, must be able to take advantage of the opportunities for e-commerce to seize opportunities from the digital economy era. This study was conducted in Denpasar City in 2018. The results of this study are expected to contribute ideas and input and considerations for the management of local craft-specific small medium scale industries and can be used as a study and contribution of thought for related parties in the efforts to develop and empower local craft-specific small medium scale industries in Denpasar City.
Efficient management of human resources is a crucial factor in determining the growth and prosperity of business enterprises. This is particularly true in the case of small industry where the owners are forced to have a close and more personal association with their employees. In order to build up loyal, efficient and committed work force, small scale organizations should pay adequate attention to hiring, training and employee development activities and undertake systematic human resource practices on a long term basis. Healthy organizations have conditions which satisfy individual as well as organizational goals. Organizational health can be understood through certain indicators such as absenteeism, labour turnover and grievances. This paper explains three major areas from my research study. The first one is absenteeism of employees in small scale industries, the second one is labour turnover of human resource and third one is in grievances of employees in small scale industries. This paper describes that how the Organization Health is influenced on the efficiency and commitment of the employees in small scale industries. The main source of information, however, is primary data collected through the questionnaires* meant for employees and employers. In view of the large number of small scale units in Visakhapatnam, it has been decided to go for a sampling method.
15 Read more
_______________________________________________________________________________________________ ABSTRACT--- The focus of this paper concerns a study of quality of work life for the employees of small scale industries. The aim of study is to determine the existence of QWL (Quality of Work Life) in small scale industries as per the view of employees. As the QWL is very essential for industries to continue to attract and retain employees. The presence of QWL in the industrial unit is beneficial to both employees and industries. The sample consists of 200 employees of various Small Scale Industrial units in Tiruvannamalai town in Tamil Nadu, India. The list of industrial units was acquired from District Industrial Centre of these cities and units were chosen at random. The questionnaire was designed based on the attributes and variables of QWL reviews and questionnaire from previous studies. The salient feature of this study is that to know their working conditions and to evaluate the quality of work life in Small Scale industries.
Small scale industries have a primary importance for every nation‟s economic growth and development due to variety of reasons. The Government shows a major interestin supporting entrepreneurship. As this is one of the means through which new jobs can be created, which can lead to increase in GDP and raising standard of its citizens. Every business means new jobs and growth of GDP.The government at both central and state level established various financial institutions to provide non-financial and financial assistances to small-scale industries. As the small-scale industries are weak financial structure, they require non-financial assistances alsoso that, they could compete with large scale industries. The government established various institutions to provide non-financial assistances exclusively to the small-scale industries. (SIDBI, DIC, MSSIDC) In the same way there are institutions in addition such as commercial banks which cater to the financial requirements of small scale industries.
During the past five decades, small scale industries have received special attention in the process of industrialization and regional development in most of the developing countries. The small scale industries are to posses certain special features viz., less capital intensive, more labour intensive, adopt optimal technology, disperse in rural and backward areas, reduce regional imbalances.Flexible in operation, export orientated, widely spread entrepreneurship and equitable distribute the economic wealth of the country. Therefore, the small scale industries play a significant role in the mobilizing latest resources, economizing capital, making possible rapid increase in production, export, employment and entrepreneurship.
In a developing country like India manpower is abundant but capital is relatively scarce. Small scale industries tend to be labor intensive. Therefore, these industries are better suited to the country’s resource potential. Industrial units are generally classified between small-scale, medium scale and large scale units; considering their size, capital resources and the number of laborers engaged upon. According to the Fiscal Commission, 1950 “A small scale industry is one which is operated mainly with hired labor usually 10 to 50 hands.” Accordingly, the Industries (Development and Regulation) Act,1951 exempted small scale units employing less than 50 workers with power and less than 100 workers without power, from the system of registration. These exempted industries were termed as small scale industries. Small scale industries can be classified into two categories :-
Abstract: In today’s global competitive environment, manufacturing enterprises are adopting cost effective manufacturing systems to improve their productivity. Improvement in productivity is closely related to success and survival. Industries and researchers are focusing their research work on developing various techniques of productivity improvements. Lean manufacturing, Total Quality Management, and Total Productive Maintenance are being gaining much importance. It was proven that lean manufacturing is considered as the best manufacturing system in the 21st century. From the literature review, it has been observed that lot of research has been done on implementation of lean manufacturing in large scale industry. The small and medium scale industry sector (SMEs’) play an important role in the industrial development of any country. This sector has been facing problems of global competition and low productivity. This research paper focuses on the importance of lean manufacturing in productivity improvement of small and medium scale industries. The aim of this paper is to explain the Importance of productivity for SMEs’, various causes for low productivity and suggest suitable lean manufacturing tools to improvement of productivity.
13 Read more
The small scale industrial sector in India is an important segment of the Indian economy, accounts for around 96 % of the industrial units, 41 % of the manufacturing sector output, and 37 % of exports and provides direct employment to more than 3 lack persons in around 179.78 lack registered SSI units in the country. The SSI enjoys the pride of being second largest employer in the country and offers a wide spectrum of products for consumers and industry-users. The sector serves as a Greenfield for nurturing of entrepreneurial talent enabling the small scale units to graduate into medium and large scale over a period of a time. REVIEW OF RELATED LITERATURE:
14 Read more
engraver detect the workpiece and trigger the operation. Once the operation is completed the robotic arm picks up the workpiece and places it on the packaging line. The entire process is synced to a web server hosted on a raspberry pi that can be accessed from anywhere through the internet. A temperature and humidity sensor along with a smoke detector has been integrated into the system that monitors the system to detect any overheating or fire hazards. A cooling fan is also included to ensure proper functioning the system monitors the temperature and humidity and controls the fan speed to ensure a suitable condition for the smooth functioning of the entire circuitry. To ensure the safety and avoid any accidents a PIR sensor to detect human presence along with a Microphone module to detect any noise created in case of a mishap have been placed. A bright red colored LED is placed on the conveyor that is triggered if it is approached from the wrong side. In case of any fault or anomaly, the system is brought to a pause and a notification on the web interface is sent to the operator to rectify the issue. Once the issue is rectified the workflow can resume from the point where it stopped. The web server that is hosted on a local server and is hence free of cost is used to display data on a website that lists out the parameters that are essential for monitoring the system and ensuring its smooth functioning, further the entire system can be controlled using the website including absolute emergency stop. The test setup clearly established that a very cost-effective way to automate small scale industries and boost their production using off the shelf electronics components is available.
This article tries to seek a solution to the problem of NPA in the present circumstances of banking and insurance working together under the same roof. Insurance is a supplementary tool, which can minimize the chance of business failure as well as minimize moral hazard. Implementation of this system calls for a high degree of flexibility in the rules and guidelines of the banks. In the proposed system there is a potential of flourishing banking-cum-insurance business of the banks because the percentage of successful entrepreneurs shall rise here and banks would be able to sell various life and non-life insurance products to the entrepreneurs and their families. As these entrepreneurs expand, diversify and technically upgrade business, banks can give more loans and earn interest. The AIs have to take up the tasks of selection of right people and appraisal, monitoring and follow up of projects. Banks will concentrate on what is their business. What is stressed in this article is the pressing need of the small-scale entrepreneur for becoming aware and educated in modern business management holding a professional attitude toward rational decision-making and banks have to facilitate that process as a part of the credit policy sold by them.
23 Read more
The resulted mean score of the performance variables and the respective F statistics are illustrated in Table-I. The perception on the business performance among the participants may be influenced by the profile of the participants also. Such type of association is also measured in the study. The association between the profile variables of participants and their business performance were analyzed by administering one-way analysis of variance. The one-way analysis is possible because when experimental variables are in interval scale and the numbers of samples are in more than 2 groups. F ratio= Variance between groups / Variance within groups within groups is calculated compared with the respective table value of F. The resulted F statistics and the results are presented in Table II.
12 Read more
To sum up it can be said that the health and safety is a vital concept in small scale industrial sector. It has been observed that a majority of sample respondents were male. Similarly, most of the sample respondents are the Hindus. It can be seen from the data that a majority of sample respondents have the household annual income in the range from Rs.75001 to 100000.The major proportion of sample respondents are not only dissatisfied with all aspects of health amenities but also safety mesures which are existing in their working place. While a significant proportion of sample respondents have been suffering from joint pain, back pain, gastric ulcer, piles and generlised weakness. On the basis of the above finding the following policy recommendations are proposed; First of all, their is an urgent need to change the mindset of workers and employers in SSI sector through OHS education. Second, OHS training programmes should be organized at or near places of work with mandatory participation of entrepreneur/employers and their representatives. Third, it is recommended that the workers in SSIs properly use safety appliance in their work places. Lastly, entrepreneur should have provide the periodical medical check up to improve the health of workers in SSIs.
In this way, the Government of India's strategy activities like: the order of the MSMED Act, 2006; pruning of saved SSI list; encouraging Financial Institutions to expand their progression of credit to the SME part, all these have supported: business, speculation, and development. The Micro, Small and Medium Enterprises Development Bill 2005, having been passed by both the places of Parliament, got the consent of the President on sixteenth June 2006. It has gone ahead the Statute Book as the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) and come into power from second October, 2006. The sanctioning of the Bill has been the result of the requests from the different SME relationship in the nation as likewise of the few master advisory groups.
Cash is one of the most important components of working capital of a concern. It is the most liquid asset and the basic input required to keep the business going. In course of the operations of a business, cash goes out first. Profitable business then brings in cash. The problem is that cash usually goes out first before it comes in. The owner/manager of a small enterprise must focus on working capital and cash flow from the beginning of the financial process. The steady and healthy circulation of cash through out the entire business operation is the basis of business solvency. Adequate availability of cash to meet the needs of a business/industrial unit is essential. Cash is the important current asset necessary for the operations of the business.
15 Read more
Most of Kerala’s industrial regions are concentrated around major cities like Cochin and Trivandrum. However, SSI are spread across the State. The SSI units are in sectors like Information Technology, Tourism, Agro-based business including food processing, readymade garments, light engineering, Biotechnology and Rubber. SSI produce more then 2500 different products. Based on the results of the third Census of SSI Units (Ministry of Smal Scale Industries, 2002) there are more then 200.000 SSI units in Kerala. More tha 55% percent where registered as SSI, the others were unregistered. 2 The report says that out of the 200.000 SSI, more than 14.000 units were found closed. The reasons for closure were mainly financial and marketing problems and the inability to survive competition. With both the registered and unregistered units put together, there were nearly 1 million people employed in the total Keralan SSI sector. Of the total employment, 64.60 per cent was in rural areas. They accounted for a combined output of Rs 81 billion, equivalent 1,47 billion euros (exchange rate April 2007 ) during the time of the census. More than one-third of the registered SSI units in the State are either sick or potentially sick. 3 Reasons cited for sickness ranged from lack of demand, shortage of working capital and non-availability of raw material to power shortage, labour problems and marketing problems.
60 Read more
The above table gives a glimpse on how Software Project Failure occurs, as we have seen Bank of America, Infosys, SAP, and Nokia are not small IT industries they are very reputed in their domain but they still contain few failed project. And all those project failure can be easily overcome by using few simple steps which were highly neglected, one such industry that is being highly effected is Nokia which has lost its very own existence. All it had to do was to understand the costumer requirement. So, from the above table we can clearly conclude that Project Failure is not confined to small or medium scale industries, it basically occurs in all the industries that don’t follow the Project guide lines and those are the guide line set up International Organization for Project Management (IO4PM), and which has been highly emphasising on few norms on how Software Projects have to be carried and those norms are discussed in the following section.