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|Assignment # 01||Dated: Nov 25, 15|
Assignment # 01
SME MANAGEMENT (MGT601)
This is to inform that Assignment No.1 will be opened on 26th November, 2015 and due date of assignment submission will be 2nd December, 2015.
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SME Management (MGT 601) Fall, 2015 Assignment no. 1 Due Date : December 2,
2015 Total Marks: 10 Topic : SME venture & possible challenges
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MGT601 IDEA SOLUTION
Established Institutes that Extend Facilitation to Entrepreneurs:
1. SMEDA (Small and Medium Enterprises Development Authority)
2. SBFC (Small Business Finance Corporation)
3. RDFC (Regional Development Finance Corporation)
4. IDBP (Industrial Development Bank of Pakistan)
5. PSIC (Punjab Small Industries Corporation)
Workable steps should be :
1) SMEs and Economic Efficiency .
First and foremost, small firms are generally inefficient and have to be made efficient through proper policy support and guidance. Small industry needs to be made buoyant and progressive partner in development process.
2) Large-Small Links may not get established automatically, they are to be developed with Government policy support.[Staley and Morse, 1965].
3) Promotion of Entrepreneurship
Promotion of entrepreneurship through advisory services should be the major objective of SMEs policy in Pakistan.
4) Modernization and Employment
Policy measures always aim at encouraging small (i.e. traditional) firms to adopt modern product design, production methods and sales techniques for raising production, incomes and living standards.
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