http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/176 2026-05-15T12:46:43Z 2026-05-15T12:46:43Z Vaillant, Yancy Lafuente, Esteban Rutalyte, Akvile http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/241 2016-07-27T11:48:37Z 2013-02-20T00:00:00Z

Which has the Greatest Economic Impact? The Novel or the Incumbent SMEs Vaillant, Yancy; Lafuente, Esteban; Rutalyte, Akvile The last decade has seen business creation become one of the main objectives of business support policy. However, once created, new SMEs and their entrepreneurs are often left on their own outside the focus of both policy-makers and business researchers. Based on the Schumpeterian thesis of creative destruction or Kirzner’s opportunity identification, new firms are the ones identified as responsible for nnovation and progress. However, organizational learning and human resource theory applied to the entrepreneur and his/her firm would lead us to believe that the nascent entrepreneurial venture may not be best suited at the time of creation to make its greatest contribution to economic development. The objective of the proposed research dissertation is to determine whether it is the novel or incumbent SMEs that make the greatest contribution to economic development (in terms of product, process and strategic innovation as well as employment and international expansion). In order to perform this analysis, individual cross sectional data from GEMsurveys from 2007 to 2011 have been used to build a pseudo-panel dataset where sample cohort means are treated as observations. Implications derived from the results of this research serve to redirect economic policy attention and better distribute the current support policies and programs to include post start-up stages of entrepreneurial ventures.

2013-02-20T00:00:00Z Das, Kishorekumar http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/240 2016-07-27T11:48:29Z 2013-02-20T00:00:00Z

Trends of Equity in the SME Corporate Sector in India: An Empirical Study Das, Kishorekumar Trends of equity fund in the SME corporate sector in India: an empirical study is the need of the hour. The small medium manufacturing industries play the most crucial role in the development of the economies of the country. Companies start their journey with equity finance and all the future financing decisions are depending on it. Similarly equity fund is also important for the survival, growth and development of the small medium industries. The small medium industries also plays even greater role in the development of rural economies of the country. In India, it is the second largest employer, after agriculture, and accounts nearly 6 percent of the country’s GDP. Equity finance plays a vital role in this sector as the debt fund is costly and there is lesser interest from the financier to finance the debt requirement. Equity finance is required by all industries whether they are in promotional, operational or expansion stages. Small corporate firms generally use debt funds extensively, as the owner’s fund does not suffice to meet their needs. For growth, modernisation, expansion and diversification purposes, small companies borrow funds from external sources. Equity has played an important role in the Indian corporate sector,more specifically in the small manufacturing industries in the private sector. From both financial and non-financial point of view, equity is advantageous to business concerns. Equity is financially better, because it is cheaper and non-financially it provides flexibility.

2013-02-20T00:00:00Z Arora, Amishi Malewar, Sonali Nair, Prerna http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/239 2016-07-27T11:50:18Z 2013-02-20T00:00:00Z

The Contribution of Banks in the Development of Growth Drivers (MSME’s):With Special Reference to Chhattisgarh State Arora, Amishi; Malewar, Sonali; Nair, Prerna Newly carved Chhattisgarh state in India has portrayed a commendable development in all the prospective areas. Government policies and tailor-made models for MSME sector are the main reasons for the accomplishment of this task. Especially the burgeoning MSMEs are catered with all the probable assistance of the commercial banks both Public and Private sector. The paper focuses on the developmental progress of selected public and private sector banks and finds that there is a significant difference between the advances extended by both the sector to this particular segment of the Society. The contribution of MSME sector in the GDP of the state was significant in the recent years. The paper also tries to explore the root cause of difficulties faced by MSME sector.

2013-02-20T00:00:00Z Kumar, Arya http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/238 2016-07-27T12:15:26Z 2013-02-20T00:00:00Z

Need and Importance ofMarket Research forMedium Small and Micro Start-ups Kumar, Arya The critical input that would play a pivotal role in taking Indian Economy to still greater heights in the global markets would be the entrepreneurial mindset of its human resources. Further, it would be small and medium start-ups that would play a critical role in years to come. Opportunity identification needs to be backed-up with sound market research. In the present highly dynamic environment, it is essential for an entrepreneur and his team to undertake market research to handle and process information, so as to take far more informed decisions that would enhance their chances of long term survival and success.Market Research helps in avoiding making expensive mistakes by way of going in for an unpopular product or services that are not desired by prospective customers. Competitiveness revolves around continuous interactions between entrepreneurs and customers. Entrepreneurs as suppliers of goods and services compete against other suppliers of similar goods and services in a market by using available resources and capabilities to serve market needs better than their competitors. Their offerings take the form of product characteristics and features designed and developed to generate customer benefits that meet customer needs. A venture for its sustainable success has to identify unsatisfied market needs for which it can develop competencies and position itself so as to fill up unmet needs. Venture competitiveness is assumed to be a factor of the ability of a project to develop market competencies and to correctly position itself in the market as part of a continuing self-correcting process. Some of the simple tools and techniques that can be effectively utilized by small and medium start-ups are collection of qualitative information through focus groups, and undertaking quantitative studies through surveys on the internet. The internet could be a very effective tool to get a lot of insight about the target market. In this paper an attempt has been made to develop a model suitable for undertaking market research by small and medium start-ups.

2013-02-20T00:00:00Z