MGT601 SME Management GDB Spring 2021 Solution / Discussion
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#MGT601 GDB 1 IDEA SOL SPRING 2021
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the government of Pakistan keeping in view the importance of SMEs has adopted multi-pronged
approaches at the regional, sub-regional, and national levels. initiatives at the regional and sub-
regional levels include efforts to strengthen economic integration and cooperation. financial
sector organizations also are of great importance to SHE development in the country. the
government has also established some institutions, which cater to the financing needs of the
small firms. the importance of SHE has been realized, with the government efforts focusing on
the hitherto neglected informal sector.
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GDBMGT 601 Solution
Government and different institutes have been playing their role for SME development and advancement. Government has taken various initiatives and formed SMEDA specially dedicated for SME development. Despite so many government efforts still there are so many SMEs that exist in the informal economy
In your opinion what steps can be taken or improved in the government policy to help bring SMEs into the formal sector?
Government could aid different ways including giving guarantee making and supporting explicit credits to SME or give to them accomplish the objective like improving or recruiting extra individual those could likewise support them in their expense arrangements
Fallowing step are promote SME
Trade show traditional business media offers a great channel for rising brand avarenuss amount SME
Direct marketing SME are more likely to respond to your brand when approcched directly
Fallowing step are taken by the Pakistan Government for SME in proper sector
Service of businesses of creation legislature of Pakistan acquaints and with exploit are pepaidly extending markets of provate undertakings in the mechanical area and SME utilize some 78% arrangements there have been changes in the development phase of to inprove the entrance of more modest firm to formal