dynamic role of small scale business in developing countries has long been recognized (Kayanula and Quartey‚ 2000). These small scale businesses can serve as engines through which the economic growth and employment objectives of developing countries can be achieved. However‚ for many years these rural enterprises have failed to grow beyond their micro enterprise nature and sometimes at best their small or medium size (Kayanula and Quartey‚ 2000). It is believed that private small scale businesses have
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SMALL SCALE BUSINESS MANAGEMENT This programme comprises modules for learners who intend to start small businesses‚ or are already running some. They may choose those modules that are of interest to them‚ or do the entire programme. The courses enable learners to run businesses successfully and be able to source funds from financial institutions. Programme components There are a total of 10 modules‚ each divided into two topics. Learners who are interested in doing the entire programme leading
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Task 1 Now being marketing executive and with reference of the above case of McDonald’s‚ discuss the concept of marketing for a service industry (such as Restaurant or Hotel) with relevant examples and also mention its characteristics. (1.1) M1 1.1 Marketing Marketing is the process to find out the needs‚ wants and the customers’ demands so that the customers will be satisfied after using that product. The process of discovering and translating consumer needs and wants into product and service specification
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SMALL SCALE PRODUCTION OF YOGURT Yogurt is a sour milk product. Its sour taste is attributed to the presence of lactic acid yielded by bacteria through fermentation. Bacteria that are commonly used in yoghurt production are Streptococcus thermophilus and Lactobacillus bulgaricus. These bacteria have the ability to break down sugars in the milk producing lactate or lactic acid as by-product. Below is a step-by-step procedure in the production of yogurt. Find out from the procedure why
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towards industrial development. The initial efforts were government-led through the vehicle of large industry‚ but lately‚ emphasis has shifted to Small and Medium Scale Enterprises (SMEs) following the lessons learnt from the success of SMEs in the economic growth of Asian countries (Ojo‚ 2003). Thus‚ the recent industrial development drive in Nigeria has focused on sustainable development through small business development. Prior to this time‚ particularly judging from the objectives of the past National
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................. The globalization .................................................. The growth and development of globaalization The global key players in the industry The relevant issues to the Automobile industry.... WTO issues Global monetary issues Impact of trading bloc The impact of emergin markets Ethical issues E-commerce issues Current trends in the industry sector in terms of...
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References: Abaka‚ E.K.‚ and Mayer P. (eds) (1994). Promotion of Small – Scale Enterprises in Ghana Masilela‚ E. and Rees‚ S. S. (2001). Smes’ access to finance in south africa‚ a supply-side regulatory review Abor‚ J.‚ and Adjasi‚ C.K.D. (2007). Corporate governance and the small and medium enterprise sector: Theory and implications Corporate Governance Vol.7 No.2‚ 2007. Abor‚ J Abor‚ J. and Biekpe‚ N. (2006). Small business financing initiatives in Ghana. Acs‚ Z.‚ Morck‚ R. and Young
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INDUSTRIES Today India is one among the top ten industrial nations of the world. Industrial development has changed India’s economy from under-developed status to developing status. Industries can be classified into various types on the basis of their structure. The two main types are: 1) Manufacturing industries including heavy and light industries. 2) Small-scale and cottage industries . Manufacturing industries: Industries which are concerned with the processing or conversion of raw
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Theories of Growth of Small Enterprises Various theoretical models have been developed which describe the growth of small businesses. One class of theoretical models focus on the learning process‚ either active or passive‚ and the other models refer to the stochastic and deterministic approaches. In the passive learning model (Jovanic 1982 cited in Liedholm 2001)‚ a firm enters a market without knowing its own potential growth. Only after entry does the firm start to learn about the distribution
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Globalization in China and India Globalization refers to “worldwide interconnectedness‚ evidenced in global movements of natural resources‚ human labor‚ finance capital‚ information‚ infectious diseases‚ and trade goods” (Haviland‚ Prins‚ Walrath & McBride‚ 2008‚ p.19). Along with the movements of these products and peoples comes the traveling of ideas and beliefs also. The world seems to have become smaller due to the technological innovations in communication‚ travel‚ and availability of
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