Article Nisarg Essay

SME stands for Small and Midsize enterprises. The definition defers from country to country. A business that maintains its revenue or employees below a certain standard is called an SME. The European definition for SMEs is â€Å"The businesses which have less than 250 employees and the annual revenue is less than 50 million euro (or annual balance sheet total less than 43 million euro) are called SMEs.† India has defined SMEs under Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. It says for a small sized enterprise the investment in plant and machinery should be between 25 lakh and 5 crore and for a medium sized enterprise it should be minimum 5 crore and should not exceed 10 crore. This definition is applicable to the enterprises which are in manufacturing sector. For the enterprises which render services, if the investment is between 10 lakh to 2 crore they are called small sized and if the investment is between 2 crore to 5 crore they are called medium sized enterprises. The SME sector has been of prime importance for India as it involves less capital investment and is highly labour intensive. It boasts of being second highest in providing employment and contributes to our goal of inclusive growth and equal distribution of resources. SMEs prompts private ownership, instils entrepreneur skills in the youth and establishes powerful market supply chain. The report published by Ministry of Small and Midsize Enterprise says around 45% of the total output and 40% of the total export of the country comes from SMEs by employing 106.1 million people over 26 million units in 2013. It contributes around 22% to the nation’s GDP. Now instead of discussing the past the immense potential ahead prompts me to throw some more lights on future of SMEs and how India can fulfil its â€Å"Make in India† dream through it. Now in the world of cut throat competition it is  very important that we use all the technological resources we have. The next generation is to be driven by innovations and technology. The initial development in our SME sector was the result of the government policy of promotion and protection of small business units. But now after 1991 reforms and in the era of globalization the small business units are open to extensive competition from small and big giants all over the world. Therefore it has become essential that India shifts from technology transfer to technology innovation. The recent research work published by BCG says if Indian SMEs adopt latest IT tools they could generate additional revenue of $56 billion and can add 1.1 million jobs. One such tool is cloud computing which has changed the way IT solutions are being delivered. Cloud computing can provide cheaper solutions as it adopts pay per use policy. It reduces total operation cost and total cost of ownership by alleviating the risk for the cash strapped SMEs. The cloud facility enables secure storage and transfer of data. As the maintenance and software up gradation is taken care by the service provider it saves the company’s time and resources. To improve our supply chain further we can use computerized tracking and shipping devices along with electronic billing systems. There are plenty of supply chain related mobile apps like MCSA, Mobile TMS applications, Mobile Solutions by SAP and Oracle products. With barcode scanning, speech recognition features, high quality digital cameras and other auto run instruments provide high class warehouse functioning. Let me give an example to exhibit that. John Deere used SmartOps software platform and helped equipment supplier increase it’s on time shipments dealers from 63% to 92%, while reducing inventory by nearly $1 billion. Here one more thing to note is that we are in 21st century but our electric grid is a 20th century structure. It is highly inefficient and may breakdown any time. In 2003 we observed east-coast wide black out in India. The first step to resolve the issue can be the use of Smart Meters. It can relay a range of information about electricity usage, can give utility and customers alike a real time picture of how much power they are using at any point in time. The electricity can be used efficiently at time when the overall demand is low and the meter helps in doing that. By doing so we are smoothing the demand curves of power plants and utilizing the current power plants fully instead  of establishing the new ones. Apart from that the SMEs can use technology to market their products on social media. There are many cost effective tools available like websites, blogs, emails etc. One of the most popular and heavily used such tool is Facebook. It provides facility of flexible budgeting and provision to target a highly specific audience as shown below. Along with all the benefits that we extract from our SMEs we must ensure that we don’t harm our environment and use green technology as much as we can. The e-waste produced by the enterprises have to be managed properly. CloudBlue, based in New Jersey, helps tech companies process their e-waste on the site as well. So in nutshell technology is the answer to the question posed by the harmful effects produced by the technology. Hence I think India must keep including SMEs in its five year plans and should highly focus on the use of technology and innovation to develop this sector. We must use our executive wing to make time to time reforms. If taken as national goal I am confident our poor and middle class will surely come out of mediocrity and contribute to the development of the nation and we will be able to drive this third global cycle of development along with China. References: en.wikipedia.org/wiki/Small_and_medium-sized_enterprises http://www.investopedia.com/terms/s/smallandmidsizeenterprises.asp msme.gov.in www.google.com www.facebook.com

Abolish Abortion essays

Abolish Abortion essays Abortion is a method for a pregnant woman to discard the growing fetus that lives inside of her. There are many arguments for and against abortion. Some people say that the mother should have a choice to abort her baby, and others say that it is wrong to kill a child. Abortion is wrong. When a baby is aborted, that child has no chance at life. Abortion kills a living breathing human that lives inside of the mother. Dr. Alan Moore from the University of Texas states that one out of every twenty pregnancies end in abortion. That is five lives out of one hundred that could have been saved if the mother had decided to let her child live. Abortion also harms the mother. Every woman that has an abortion is twenty-five percent less likely to become pregnant in the future. If then she decides that she does want to have a child, it will become harder for her to get pregnant. Abortion is also creating a problem in the hospitals. The dead fetuses are very difficult to dispose of. There are no graves being built for the fetuses and the hospital has to send them off to a lab to have tests run on them for genealogical purposes. This is a very costly and tedious process for the doctors and the lab technicians. The Pro-Choice supporters that are for abortion argue that it is a mothers right to decide whether the child should live or die. They are stating that if the mother does not want a child, she should just have it sucked out of her body and disposed of like last weeks garbage. They claim that a growing fetus is not an actual living person; therefore, that fetus should not have a chance at life. Most mothers choose to have their babies aborted because they dont have the funds to support a child. The government has provided systems such as welfare, which gives the mother money to support the child, and they have started adoption agencies, which find suitable parents for the child. There ...

Motor Training Essays - Educational Psychology, Learning Disability

Motor Training Essays - Educational Psychology, Learning Disability Motor Training Motor training to develop readiness, motivation and means of expression, as a basis for learning programs Motor activity is fast becoming a valuable aid in the teaching of academic subjects to elementary school children. The realization of the place motor activity has in the classroom does not imply that physical activity is a prerequisite to learning but rather a method through which a child can learn more easily and understand more fully. Training in physical coordination is not only helpful in providing a child with a mode for expressing what has been learned, but it has become a factor in instilling in the child a willingness and readiness to learn and has also introduced itself as a base for a learning program. One writer, Maritain (1966), has described the function of education as primarily a source of liberation. In the case of the child whose learning problems stem from a learning disability, this liberation would consist of allowing the child to move about, to explore, and to receive impressions, to respond and to express. This call for movement as a basis of learning is further substantiated by Getmans theory that the skill of motor control and coordination is a necessary prerequisite to every intellectual activity. Cratty (1970) further states that movement is learning; learning requires movement. Some theorists seem to attribute all intellectual achievement to motor development rather than viewing motor activity as an aid to learning. One theory implies that certain motor activities when properly applied would prepare children in the intellectual areas of spelling, reading, and similar intellectual tasks during the childs first year in school. Cratty 1970). This theory may hold true if the motor activities are somehow related to the intellectual processes involved. It is important to remember that normal children have other

WARNING 8 Signs Your Job Interview is Scam

WARNING 8 Signs Your Job Interview is Scam Job interviews aren’t just a time for you to sit in the hot seat and be judged. They’re also an opportunity for you to vet the potential employer- to determine whether this company would be a good fit for you, and to make sure there aren’t any giant flapping red flags that should be telling you to run for the hills. If you’re ever in an iffy situation in an interview and can’t quite tell whether your gut reaction is the right one, here are a few warning signs that this job might not be the one for you.1. The vibe is†¦ not so great.Everyone looks miserable. It’s quiet, but it doesn’t look like that’s because everyone is concentrating so hard on their work. It just seems frosty and weird. If you’re a friendly collaborator by nature, this might not be the place for you. Things might be extra bad if you’re introduced to a few potential future coworkers and they don’t seem in any way enthused. If they canâ⠂¬â„¢t fake it to impress a potential new team member, they’re certainly not into the place.2. It’s all over way too soon.Interviews don’t have to be long and grueling, but they also shouldn’t be too short. If you feel like you’re being asked a handful of questions with very low stakes and you get offered the job in a hot second, take a step back and make sure this isn’t because they’re desperate- or incompetent. Are they overselling? What’s the catch Don’t just snap it up because you’re flattered or relieved to get an offer in the first place!3. You find out there’s a high turnover rate.Constant and consistent departure of employees might be another reason for a particularly hasty offer. If there’s a way to find out from current or former employees what the turnover rate seems to be and why it might be particularly high, that would be useful information. If that question seems to forward, simply ask ing some current employees how long they’ve been there might help. If everyone you’ve spoken to has only been with the company a short time, activate your spidey sense.4. Everything is done super secretively.You seem to be getting shuffled through the process on the DL. The interview doesn’t take place at their office location. You’ve not met the person holding the position you’re meant to replace. You don’t know why the position is open. You don’t get to meet anyone else on your team. Think about these things before accepting an offer, lest you show up for work on Monday morning and the entire team hates you for stealing their pal’s job seemingly overnight.5. You’re ghosted.You interviewed, you followed up, and the line went proverbially dead. Or, they’re making you wait an inordinately long time before letting you know when you might expect next steps or decisions to happen. Leaving a candidate hanging is disres pectful and unprofessional- both bad signs right out of the gate.6. They ask you for money.Run. Just run.7. Everyone uses robot-like corporate-speak all the time.Too many buzzwords or fancy jargon might be a big ruse to make the company or team sound successful and inspiring, when the reality could be anything but. If they seem like they’re trying really hard to impress you but there’s not much substance underneath, try to do a bit more sniffing around.8. There’s no indication of company growth.If the interviewer can’t give you a clear picture of career growth opportunities or provide you with a clear account of what your role would be- both immediately and in future- then watch out. Not having a clear sense of how you would develop your career there isn’t a particularly good sign at this stage- and it doesn’t bode very well for later stages either.

Employment-At-Will Doctrine Assignment Example | Topics and Well Written Essays - 1000 words - 1

Employment-At-Will Doctrine - Assignment Example The at-will employment doctrine is applied in all states in the US apart from Montana (National Conference of States and Legislatures, 2014). In its unmodified form, the doctrine of employment-at-will allows the employer to fire employees as he deems fit without suffering legal consequences. It is, therefore, possible to legally fire an employee. However, the doctrine is a default rule that can be altered by contract. For instance, a contract can provide for a fixed employment term or allow dismissal only for a cause. In the United States, companies usually negotiate employment agreements only with high-rank employees. Collective bargaining agreements usually protect represented workers against termination without cause. Causes include employee’s misconduct, poor performance or economic necessity. An employment contract may specify instances or employee actions that would result into termination for cause (National Conference of States and Legislatures, 2014). Thus, to mitigate the harsh consequences of employment-at-will, courts and statutes carved out exceptions to the doctrine of employment-at-will. Exceptions to the doctrine fall under Common Law and Statutes. Public policy exception to the employment-at-will doctrine protects employees against employment actions that contravene public interest. For instance in most states, an employer cannot fire an employee for declining to violate the law at employer’s request or for filing a workers compensation claim after sustaining an injury while on the job. Public policy is the most widely recognized exception in most states (Muhi, 2001). This is the second major exception to the employment-at-will doctrine. It is applied when an implied contract is created between the employer and the employee, irrespective of express or written instrument regarding the kind of the employment relationship existing. Although employment is usually not governed by contracts,

Fracking Essay Example | Topics and Well Written Essays - 2000 words - 2

Fracking - Essay Example In this professional paper discusses business ethics of fracking, in order to analyze and evaluate the conduct of drilling companies in their quest to harness cheap energy from the earths interior. And their impact on the environment and mankind. Business ethics applies to all forms of business conduct and is related to the conduct of individuals and the entire organization. They have both normative and descriptive dimensions. It should be noted that the field is primarily normative as a corporate practice and career specialization. Academicians’ determination to understand business behavior employ descriptive methods. Interaction of profit-maximizing behavior with non-economic concerns reflects the range and quantity of business ethical issues. Governments use laws and regulations to control business behaviors in what the government perceives to be beneficial directions (Denver, 2013). Ethics specifically regulates details and areas of behavior that are beyond government control. The sprouting of extensive corporations with inadequate relationships and sensitivity to the communities they work from propagated the development of formal ethical regimes. Ethical norms reflect norms of historical periods; norms evolve as time passes resulting in accepted behaviors becoming objectionable. Firms started pointing out their ethical issues as early as 1980s by trying to distance themselves from business scandals like savings and loan crisis. Business ethics ideas caught the attention of media, academics, and business firms by the end of the cold war. Concisely, one of the aims of business ethics is to determine the fundamental purposes of the company, for instance, the company may have to sacrifice the profits to other concerns if a company’s purpose is to maximize shareholder returns. Ethical issues composed of duties and rights between the company and its stakeholders including suppliers, customers, employees and

Critically examine the international expansion strategy for an Essay

Critically examine the international expansion strategy for an organisation of your own choice during a specific period of its e - Essay Example The clothing and accessories offered often depict young male and female models with aesthetic facial and body features in order to gain marketing interest in their target market of 18-35 year old buyers. This exclusive mentality positions them differently from main competition, such as the Gap and H&M, allowing them to retain considerably high market share among the competitive environment both in its home country of the U.S. and its new expansion locations internationally. This essay describes the current strategic management functions and principles at A&F related to their current, ongoing expansion strategy. A&F statistics and sales At the end of 2010, Abercrombie & Fitch operated 1,069 stores. These included 316 A&F stores, 502 Hollister Co. stores, and 181 Abercrombie stores dedicated to children and adolescent youths (euroinvestor.co.uk, 2011). The company has adopted many different strategies in an effort to gain more customer interest and improve market share. However, it has never lost focus on its core competencies and core products, which are often provocative and always exclusive fashions that are heavily branded with the Abercrombie & Fitch name and/or logo in order to help customers identify with their name and reputation. In previous years, from 2007 to 2009, A&F experienced considerable losses in profitability that came from a variety of factors, including economic downturns in the international economies and changing buyer behaviours. However, through aggressive advertising and downsizing of underperforming stores, Abercrombie & Fitch has managed to regain its competitive edge and just recently experienced a 7.6 percent increase in sales for the last quarter of 2010 (Stothard, 2011). Again, this is due to a strategic focus on remaining dedicated to the core brand philosophy of exclusivity, a series of short-term pricing reductions and the closing of non-performing stores internationally (especially in the United States where the economy has bee n poor). Strategic focus and intention In order to fully understand the international expansion strategy of Abercrombie & Fitch, it is necessary to identify with the concept of strategic management and leadership. â€Å"Strategic management is based on the belief that an organisation should continually monitor internal and external events so that timely changes can be made as needed† (Aluko, Odugbesan, Gbadamosi & Osuagwu, 2004, p.44). There is a need to be adaptable to change and be trend-focused so that their product offerings and values can shift along with changing environmental, economic and consumer behaviour trends related to retail buying. Strategic management, then, is a â€Å"continuous process of administering operations with an emphasis on overall corporate purpose and future opportunities† (Stone, 2010, p.S215). Abercrombie & Fitch is a very strategic-focused business that is always operationally-adaptable in the face of these conditions, however it never loses focus of its core mission and core competencies related to marketing and branding which are their most priority revenue-building strategies. Abercrombie & Fitch is currently closing underperforming stores in the United States and abroad, based on same-store sales and economic conditions in their current operating environment. However, these closings offer the