Managing India’s Small Industrial Economy The Catalytic Role of Industrial Counsellors pdf

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Managing India’s Small Industrial Economy The Catalytic Role of Industrial Counsellors and Policy Makers by V. Padmanand and V.G. Patel pdf

Managing India’s Small Industrial Economy The Catalytic Role of Industrial Counsellors and Policy Makers by V. Padmanand and V.G. Patel pdf free download. Small is beautiful: renowned economist E.F. Schumacher popularised this famous, and now clichéd, aphorism. Joseph Schumpeter argued that entrepreneurs created technical and financial innovations in the face of competition and falling profits—and it was these spurts of activity that generated economic growth. Innovation is one thing—but a grim battle for survival is quite another. Small-scale enterprises in India appear to endorse the truth of Schumpeter’s theory by continuing to thrive in an industry that has either gone into the sunset phase or where the economies for large-scale manufacturing no longer exist.

Managing India’s Small Industrial Economy The Catalytic Role of Industrial Counsellors and Policy Makers by V. Padmanand and V.G. Patel pdf

Most small enterprises are able to sustain operations in niche markets—where the market is either fragmented or where the focus is on lowvolume customised products. However, the cold wind of cost competition from overseas firms is forcing a quick re-assessment of the aphorism. The verdict: small is still beautiful—but only in the manufacturing phase! There is a whole range of associated activities—input procurement, sourcing of institutional funds, and marketing—where it doesn’t pay any longer to be small.

Managing India’s Small Industrial Economy The Catalytic Role of Industrial Counsellors and Policy Makers by V. Padmanand and V.G. Patel pdf

Small enterprises are quickly wisening up to the need to form hard networks—for instance, an alliance of firms operating within an industrial cluster to co-ordinate input buying and product marketing—to share their production costs and enhance their bargaining strengths. Networks are also required to establish necessary support for common facility centres (CFCs) to harness technology that will boost productivity and product quality. Small enterprises, however, lack managerial vision. Their top managers are constantly having to cope with the grim realities of the present and they neither have the time nor the talent to envision the future.

Managing India’s Small Industrial Economy The Catalytic Role of Industrial Counsellors and Policy Makers by V. Padmanand and V.G. Patel pdf

Managing India’s Small Industrial Economy The Catalytic Role of Industrial Counsellors and Policy Makers by V. Padmanand and V.G. Patel pdf

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