Management of Small Business (Internal) Paper – VII –

Unit 1:

Basics of Small business Management:
Definition, Features, Role of Small Business in Economic Development, Reasons for Establishing Small Business. Distinctions between small, medium-sized and large businesses. Advantages and Disadvantages of Small Business, Reasons for Failures of Small Business, Qualities and Characteristics of Successful Small Businessmen Different Stages of Small business, Steps in Setting up a Small Business, Start-up: Developing the business model. Crisis Management in Business, Relationships between Small and Large Units – Small Sector in India, Internal (Micro) and external environment (Macro) of small business management.

Unit 2:

Building the business plan: Feasibility study: Setting up of Small business enterprises, Financial Considerations: Basic financial statements, Managing Cash Flows, Preparation of projected financial statements, Applications of Business ratios, Sources of finance: Debt and Equity. Production management in Small business: production and material management, Break even analysis. Marketing: Marketing considerations- selecting the target market, market strategy. Pricing strategies and marketing of services, export marketing. HRM in Small business: Importance of HRM, HRD, Industrial relations, labour laws, pollution control laws.

Unit 3:

Institutions supporting small business enterprises:
Introduction, Central level institutions, state level institutions, other agencies. Sickness in small business enterprises: Definition and status of Sickness of SSI’s in India, causes of sickness, Symptoms and cure of sickness.

Unit 4:

Global Opportunities for Small Business Small Enterprises in International Business: Export Documents and Procedures for Small Enterprises – E-commerce and Small Enterprises – Exposure and Observation Visit: Poultry, Sericulture, Courier, Cell Phone Sales and Service, Dairy, Mushroom Cultivation, Ornamental Pottery, Dying Unit, Power loom and Handloom, Blood Bank, Rice Mill and Food and Fruit Processing Unit – Role of Women SHGs in Micro Enterprises.

Reference Books:

  1. Barrow C. The Essence of Small Business, Prentice Hall of India, New Delhi, 1997.
  2. Bedapatai Mohanty, Economics of Small Scale Industries, Ashish, New Delhi, 1986
  3. Charantimath P.M., Entrepreneurship Development and Small Business Enterprises, Pearson Education, New Delhi, 2006.
  4. Cormon J and Lussier R.N., Small Business Management: A Planning Approach, IRWIN, London, 1996
  5. Desai S.S.M., Industrial Economy of India, Himalaya Publishers, New Delhi, 1968
  6. Khanka S.S. (2001): Entrepreneurial Development, S.Chand & Co., New Delhi
  7. Mathur S.P., Economics of Small Scale Industry, Dundeep Prakashan, Delhi, 1989.
  8. Narasaiah M.L., Small Scale Entrepreneurship, Discovery Publishing House, New Delhi, 2001
  9. Vasant Desai, Small Scale Industries and Entrepreneurship, Himalaya Publishing House, Mumbai, 2002.
  10. Vera Ram K., How to Succeed in Small Industry, Vikas, New Delhi, 1984.
  11. Shukla M.B., Entrepreneurship and Small Business Management, KITAB MAHAL, New Delhi, 2003.

Suggested Additional Readings:

https://www.macmillanihe.com/resources/sample-chapters/9781137430359_sample.pdf