SWOT Analysis of Micro Entrepreneurship and Start-ups in Haryana
International Journal of Business and Economics Research
Volume 8, Issue 6, December 2019, Pages: 399-405
Received: Jul. 30, 2019; Accepted: Aug. 29, 2019; Published: Nov. 22, 2019
Views 459      Downloads 215
Authors
Jyoti Yadav, Institute of Management Studies and Research, Maharishi Dayanand University, Rohtak, India
Neelam Gulati, Dayanand Anglo-Vedic Institute of Management, Faridabad, India
Article Tools
Follow on us
Abstract
MSMEs (Micro, Small and Medium Enterprises) have been globally considered as an engine of economic growth and as key instruments for promoting equitable development in most of the economies of the world. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth. They not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, which in turn, reduces regional imbalances, assuring more equitable distribution of national income and wealth. Micro, Small and Medium Enterprises (MSME) and Start-ups play vital role in the process of development in India. It generates employment at low cost and helps the society to move on the path of prosperity & growth. As more than 65% of Indians live in villages and as there is little scope for establishment of Large-scale industries in these areas, MSME is an important aspect with regard to development of rural areas. Even though the State has huge potential for industrialization, especially for MSME sector, its potential has not been fully harnessed so far. Thus the present paper is an attempt towards finding out the Strengths, Weaknesses, Opportunities and Threats of MSMEs and Start-ups in the State of Haryana. The present study proposes interprets, analyse, and understand the challenges faced by the Micro entrepreneurs and their business in Haryana State. By virtue of so, the study will prove to be a panacea for Micro entrepreneurs and start-ups. The study further suggests them how to increase the innovativeness, decision making and diversification of their businesses in Haryana state.
Keywords
Micro, Small and Medium Enterprises (MSMEs), Start-ups, Strengths, Weaknesses, Opportunities, Threats
To cite this article
Jyoti Yadav, Neelam Gulati, SWOT Analysis of Micro Entrepreneurship and Start-ups in Haryana, International Journal of Business and Economics Research. Vol. 8, No. 6, 2019, pp. 399-405. doi: 10.11648/j.ijber.20190806.20
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
References
[1]
Jewalikar, Ajay D., and Abhijeet Shelke. "Lean Integrated Management Systems in MSME Reasons, Advantages and Barriers on Implementation." Materials Today: Proceedings 4, no. 2 (2017): 1037-1044.
[2]
Tripathi, Purnendu, and Siran Mukerji, eds. Handbook of Research on Technology-Centric Strategies for Higher Education Administration. IGI Global, 2017.
[3]
Singh, Davinder, Jaimal Singh Khamba, and Tarun Nanda. "Exploring the Determinants of Technology Innovation in MSMEs." In International Journal of Engineering Research in Africa, vol. 13, pp. 103-115. Trans Tech Publications, 2015.
[4]
Maheshkar, Snehal Pravin. "Innovation and Inclusiveness through Knowledge Management in Indian SMEs." In Knowledge Integration Strategies for Entrepreneurship and Sustainability, pp. 95-113. IGI Global, 2018.
[5]
Vaidya, Shipra. Developing Entrepreneurial Life Skills: Creating and Strengthening Entrepreneurial Culture in Indian Schools. Springer Science & Business Media, 2014.
[6]
Srinivasan, R. Driving the economy through innovation and entrepreneurship: Emerging agenda for technology management. Edited by Chiranjit Mukhopadhyay, K. B. Akhilesh, Anjula Gurtoo, Parthasarathy Ramachandran, Parameshwar P. Iyer, M. Mathirajan, and MH Bala Subrahmanya. Springer India, 2013.
[7]
Das, Keshab, ed. Globalization and standards: Issues and challenges in Indian business. Springer, 2014.
[8]
Singla, Anju, and Parul Grover. "Growth and Financing of MSMEs: A Case Study of Punjab and Haryana." Asia-Pacific Journal of Management Research and Innovation 8, no. 3 (2012): 315-321.
[9]
Mishra, Aswini Kumar, Vairam Arunachalam, and Debasis Patnaik. Current Issues in the Economy and Finance of India. Springer, 2018.
[10]
Joshi, Manoj, and Apoorva Srivastava. "I have a dream: Ayuvayur Pharmaceuticals." Emerald Emerging Markets Case Studies 3, no. 1 (2013): 1-10.
[11]
Chawan, Anup, and Hari Vasudevan. "Knowledge Management Practices in Indian Manufacturing MSMEs: Challenges and opportunities." Procedia Engineering 97 (2014): 1784-1787.
[12]
Syal, S., Role of MSMEs in the growth of Indian economy. Glob. J. Commer. Manag. Perspect, 4(5) (2015).
[13]
Kumar, Raj, and Abhijeet Biswas. "Innovative Financing and its Implications on MSME Sector in India." In Handbook of Research on Promotional Strategies and Consumer Influence in the Service Sector, pp. 421-433. IGI Global, 2016.
[14]
Bartolini, Antonio, Roberto Cippitani, and Valentina Colcelli. "Dictionary of Statuses within EU Law."
[15]
Sharma, Poonam, and Swati Rajput, eds. Sustainable smart cities in India: Challenges and future perspectives. Springer, 2017.
[16]
Munshi, Angad. "Assessment of Competitiveness of Food-tech Start-ups in India." Indian Journal of Public Administration65, no. 1 (2019): 201-224.
[17]
Birudavolu, Sriram, and Biswajit Nag. Business Innovation and ICT Strategies. Palgrave Macmillan, 2019.
[18]
Ota, Hiroshi. "Japanese universities’ strategic approach to internationalization: Accomplishments and challenges." In Emerging international dimensions in East Asian higher education, pp. 227-252. Springer, Dordrecht, 2014.
[19]
Jianzhong, Li. "Notice of Retraction Fast growth of new ventures through disruptive innovation: A case study of Ctrip." In 2010 2nd IEEE International Conference on Information Management and Engineering, pp. 344-348. IEEE, 2010.
[20]
Manivannan, M. P., P. Raj Mohan, and P. S. S. Srinivasan. "Studies on environment, health and safety (ehs) practices in a small scale and large scale Indian industry."
[21]
"Marketing Super Powder Clothes Washing Powder in Malaysia.” University/Business and Administrative studies/Marketing, 2012-04-19.
[22]
Dhiman, Mohinder Chand. "An investigation of e-HRM practices in Indian tourism and hospitality industry." In International Tourism and Hospitality in the Digital Age, pp. 88-102. IGI Global, 2015.
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186