Managing India’s Small Industrial Economy: The Catalytic Role of Industrial Counsellors and Policy Makers

Managing India’s Small Industrial Economy is an in-depth and pragmatic guide to the changes that are needed to help the small industrial sector to survive. Examining the role of industrial counsellors and policy makers at both the operational and policy levels, this book presents a step-by-step roadmap to tackling challenges through professionalism, better management, technology upgradation and innovation. The authors maintain that intervention from industrial counsellors and consultants is the key for maintaining a healthy and profitable small industrial sector. Some key changes which, they argue, can be brought about through this intervention are: Professionalism in business planning and management. Competitive and aggressive costing and product pricing. Developing and maintaining efficient systems in business to facilitate knowledge based decision-making. Preparation of business plans, efficient liquidity and working capital, and inventory management. Informed financial management and decision-making. Evolving networks of SMEs to enhance competitiveness as also to strengthen industrial associations. Replete with case studies and detailed analysis, this book presents numerous options for change and growth in the small industrial sector. More importantly, the analytical methodology and tools used in the book offer solutions that apply to a large variety of sectors and enterprise contexts. Based on practical field interventions, unique in its approach, and written by two of the finest scholars in this area, this book will be immensely useful to students of management, practitioners, policy makers and all those for whom India’s small industrial sector holds interest. It will also serve as a text for students of entrepreneurship and small and medium enterprises.