Some of the reasons for sickness of Micro, Small and Medium Enterprises sector have been found by SIDBI report in 2010. It is said that there are eight important reasons for sickness of the sector. These problems include lack of demand, shortage of working capital, marketing problems, power shortage, non-availability of raw material, equipment problems, […]
Customer Acquisition through Social Media by SMEs in India
An emerging potent mainstream business tool that plays a major role in customer acquisition is social media. In order to maintain long term relationships, social media is being used by businesses these days. A survey conducted by Regus during February-March 2010 revealed that 52% of businesses in India use social media for acquiring customers. The […]
Contribution of Indian SMEs to GDP Expected to Rise by 2012
A survey was conducted by ASSOCHAM in 2009 concerning the contribution of Small and Medium Enterprises (SMEs) to Gross Domestic Product (GDP) in India. It was revealed that the contribution towards the GDP is expected to rise to 22 percent by 2012. Their contribution to GDP was about 17 percent in 2009. The reason for […]
Internet Local Search for Small Businesses in U.S.A
A study was conducted in 2009 by TMP Directional Marketing regarding the annual growth of online local search and changes in consumer behavior. The study revealed that there was an enhanced usage of online search channels including mobile platforms, internet search engines and social media. Local business information is known mainly by the internet search […]
Social Media Risks of SMBs in the U.S.
Social media is used by small and medium sized businesses (SMBs) of the U.S for advertising the products and services. It also helps in maintaining connection with customers. However, there are certain risks pertaining to the security of the data of SMBs and customers when concerned with social networking sites such as Facebook and Twitter. […]
Challenge for Improving the R&D in Indian Small Businesses
It is important to improve the technological skills for sustaining in the current environment. In general, many Indian manufacturing firms are less involved in research and development (R&D) and also less money is spent for such activities. It was estimated that during 1991-2008, about 38 percent of the total number of large firms had reported […]
Huge Potential of Indian MSMEs in Cloud Computing
Many large companies are shying away the emerging technologies such as cloud computing in order to cut the costs. An efficient way of consuming, delivering, and managing technology is termed as cloud computing. On a demand basis, it includes the sharing of applications, software and other IT resources by companies. Electricity and water are supplied […]
Economic Indicators of Small Businesses in India
The small-scale industries (SSI) in India have a very important role in the growth of the country. Production, employment, and exports act as economic indicators. A contribution of 40% of the gross industrial value is added to the Indian economy by the small businesses. When a million rupees of investment is made on fixed assets […]
Social Networking Continues to Grow: Discover
According to the Discover Small Business WatchSM, small business increased spending usage of social networking sutes for their business POLL Results The number of small business owners, who said to the Watch that they were members of an online social networking community such as Facebook, Linked-In, My Space or Twitter, has increased to 48% compared […]
Small Business Owners Re-Think Technology Usage as They Navigate Tough Economy
The latest Wells Fargo/Gallup Small Business Index shows that small business owners are re-evaluating their use of technology in the current phase of uncertain economy. Over half of respondents (58%) reported that they have delayed technology purchases due to the economy, including purchases of new computers (60%), new hardware (56%) and new software (56%). Only […]