SMALL SCALE INDUSTRY INTRODUCTION The definition for small-scale industrial undertakings has changed over time. Initially they were classified into two categories- those using power with less than 50 employees and those not using power with the employee strength being more than 50 but less than 100. However the capital resources invested on plant and machinery buildings have been the primary criteria to differentiate the small-scale industries from the large and medium scale industries. An
Premium Industry Venture capital Finance
Small and Medium Sized Enterprises (SMEs) Development Initiatives and Their Role on Self Employed In pursuit of economic growth the economies of the developing countries around the world face a host of challenges. Widespread poverty‚ infrastructure & institutional deficit are the major task faced by most economies of strong financial environment which also includes equitable income distribution along with employment creation‚ while every developing economy may experience its own variant of these
Premium Industry Private sector Economic growth
MANAGE SMALL SCALE BUSINESS IN NIGERIA EFFECTIVELY THE VALUE OF EFFECTIVE CREDIT MANAGEMENT TO SMALL SCALE BUSINESS IN NIGERIA INTRODUCTION Management of small business is as complex as the big one. Account receivables are important assets and valuable part of the working capital. Effective management of this component is very crucial to any type of business for its survival and for ensuring its growth. Effective credit administration will not only ensure continuity but can make small business
Premium Small business Credit rating Accounts receivable
BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
Premium Executive director Industry Millennium Development Goals
Small-Scale Industries in the Globalization Era: The case of Jordan Basem M. Lozi‚ Assistance Professor‚ Al-Balqa Applied University‚ basem_lozi@yahoo.com Abstract The research examines the role of SSI in the economic development of Jordan by showing the effects of the SSI on the unemployment rate‚ production‚ and sales. The research concludes with policy recommendations to ensure the sustained and competitive growth of small-scale industries in Jordan. The results of the study show that the growth
Free Economics Investment Capital accumulation
1.0 INTRODUCTION In Britain‚ Small and medium sized firms (SME’s) are the companies whose turnover is not more than £22.8 million and the average number of employees is 250 or fewer. Despite small and medium sized firms having a major role to play in the growth of economy and generation of employment in UK‚ they have to face higher barriers to external financing than large firms which eventually limit their growth and development (Ardic et al.‚ 2011). The difficulty in generating finance from external
Premium Corporate finance Venture capital Debt
measure their performance .this paper introduces the main ideas of EVA. At the same time，it elaborates the significant advantages of EVA and it’s importance in Chinese. The first part Financial control ’s goal is enterprise managing finances hoped realizes the result‚ is appraises enterprise managing finances to move whether reasonable primary standard. For the consummation financial control ’s theory‚ the effective instruction financial control practice‚ must conduct the earnest research to the financial
Premium Finance Economics Corporate finance
NORTH SOUTH UNIVERSITY Research Paper “The Role of Creativity and/or Innovation in Proving Competitive Advantage for Small and Medium Enterprises” Submitted To: Mr. Niaz Patwary (NzP) Submitted By: 1. Name: Md. Rezaur Rahman Section: 8 ID: 1020495030 2. Name: Dewan Tanjina Akter Section: 8 ID: 1020516030 3. Name: Ashraful Adib Section: 7 ID: 1020090530 Date of Submission: December 3‚ 2012 Fall Semester ------------------------------------------------- Letter of
Premium Creativity Innovation Entrepreneurship
FACTORS THAT HINDER SMALL AND MEDIUM ENTERPRISE CUSTOMERS TO ACCESS CREDIT FROM COMMERCIAL BANKS IN TANZANIA 1. Back ground information In this period of globalization of world trade‚ an increasing role is being assigned to the private sector in many developing countries. In parallel to and as part of this shift‚ there has been emergence of the Small and Medium Enterprises (SMEs) sectors as a significant component in economic development and employment. In many countries in the world‚ this sector
Premium Economics Bank Microfinance
THE ROLE OF SMALL SCALE INDUSTRY IN NATIONAL DEVELOPMENT IN NIGERIA Ayozie Daniel Ogechukwu‚ Delta State University‚ Abraka‚ Delta State‚ Nigeria‚ The Federal Polytechnic‚ Ogun State‚ Nigeria Abstract A business whether small or big‚ simple of complex‚ private or public is created to provide competitive prices. Business in Nigeria has been classified as small‚ medium and large. In both the developed and developing countries‚ the government is turning to small and medium scale industries‚ as a means
Premium Business Small business