small scale industry
Definition of small scale industry
INTRODUCTION
� An organization can be classified as a small business using criteria of employees ,annual sales or total assets .small industry any independently owned and operated profit seeking enterprise that has a fewer than 500 employees .small industry may be little in size ,but they have little impact on the world economy . in india ,small and medium industy play a vital role in the growth of economy . Small industry have a 40 percent of share in industrial output ,producing over 8000 value added products . they contribute nearly 35 percent share in direct export and 45 percent in overall export from the country .They are the one of the biggest employment providing sector after agriculture providing employment to 28.28 million people.
Small scale industry is important for our economy& our country
� Increased free trade between nations
� Increased liquidity of capital allowing investors in developed nations to invest in developing nations
� The business market in the world has no boundaries, they can market their products in any part of the world. This has improved the chances of laying hands on global markets & technologies, which would definitely increase our Quality of Living Standards.
� Corporations have greater flexibility to operate across borders
� Global mass media ties the world together
DEFINITION OF GLOBALISATION
Globalization is an attitude of mind- it is a mindset which views the entire world as a single market so that the corporate strategy is based on the dynamics of the global business environment
Or
It is the growing interdependence through increasing cross-border transaction in goods and services.
ROLE OF GLOBALISATION IN SMALL SCALE Business
� Doing, or planning to expand business globally.
� Giving up the distinction between the domestic market and foreign market and developing a global outlook of the business.
� Locating
INTRODUCTION
� An organization can be classified as a small business using criteria of employees ,annual sales or total assets .small industry any independently owned and operated profit seeking enterprise that has a fewer than 500 employees .small industry may be little in size ,but they have little impact on the world economy . in india ,small and medium industy play a vital role in the growth of economy . Small industry have a 40 percent of share in industrial output ,producing over 8000 value added products . they contribute nearly 35 percent share in direct export and 45 percent in overall export from the country .They are the one of the biggest employment providing sector after agriculture providing employment to 28.28 million people.
Small scale industry is important for our economy& our country
� Increased free trade between nations
� Increased liquidity of capital allowing investors in developed nations to invest in developing nations
� The business market in the world has no boundaries, they can market their products in any part of the world. This has improved the chances of laying hands on global markets & technologies, which would definitely increase our Quality of Living Standards.
� Corporations have greater flexibility to operate across borders
� Global mass media ties the world together
DEFINITION OF GLOBALISATION
Globalization is an attitude of mind- it is a mindset which views the entire world as a single market so that the corporate strategy is based on the dynamics of the global business environment
Or
It is the growing interdependence through increasing cross-border transaction in goods and services.
ROLE OF GLOBALISATION IN SMALL SCALE Business
� Doing, or planning to expand business globally.
� Giving up the distinction between the domestic market and foreign market and developing a global outlook of the business.
� Locating
Bibliography: Business Today, Nov 30. 2008, India Today (Aspire)