Advantages And Disadvantages Of Msmes

According to the classification of Indian industries, a small scale industry is defined as an industry that is:

Multi agent systems are the same of any system that have advantages and disadvantages. Multi agent systems consist of several autonomous agents that work together for the same goal with different interests. Therefore, MAS is decentralized system, which does not give an attention to one of its agent’s failure, it will keep moving to reach its goal. Conversely, a single agent will stop working if there is any failure within its resource or performance, because it is a centralized system. Also, it can be communicated with any kinds of sources either if it is public or private source by getting and then organizing the information from it based on a user’s requirements. Next, usually working as a group is much easier than individual work because it gives more options to assign the work for each agent based on its skills and experience. Therefore, it takes into account of agents’ abilities, experience, and locations. Finally, it elevates the system performance in general, particularly in result accuracy, quick reaction, elasticity, identifying problems, and accelerating of fixing them (Carnegie Mellon University, 2012).

In India, about 670 industries are completely reserved for very small companies, which means that the economy lose the benefits of scale, don’t get foreign investments and are unable to compete globally. In 2001, the average Indian clothing company had only 50 machines, compared to 500 in the typical Chinese plant. The same problem

In 2014 SMEs account for 99.3% of firms (4.8 million companies), 47.8% of employment (15.2 million people) and 33.2% of annual turnover (£1.6 Billion)6. The European Commission SME Performance Review provides estimates for the EU private sector. In 2014 SMEs account for 99.8% of firms (21.6 million companies), 67.5% of employment (88.8 million people) and 58.4% of annual turnover (€3.6 Trillion)9.

Efficiency and effectiveness that results in productivity and competitiveness is very important for SMMEs and more important for its high rate of employment. An exploration study by Menchaca (2014) indicates that seven out of ten jobs are being generated by small businesses. For that reason, it is significant to analyse and implement new strategies that can offer SMMEs great advantage into its production capacities and assist into becoming more competitive.

Because of advancement and globalization, together with World Trade Organization , Small and Medium Firms in India have been experiencing a transitional stage. Numerous SMEs is experiencing extreme time due to retreat of in Indian Economy and abroad , particularly United conditions of America and European Countries and expansive contention from China and a less ease focuses of assembling units from abroad.

Because of the risk with hydrostatic testing of further damaging the pipeline, there is a clear advantage of non-destructive techniques over destructive ones. The advantages of NDE techniques are obvious. Most importantly, there is very little risk of the structure incurring damage during a particular test. In addition, the various NDE techniques typically yield very detailed results regarding the status of the structure.

The MFI in India has been facing a lot of challenges in India recently. The challenges faced by MFI’s are listed below:

(Michael E Porter, 1998) proposed that there is some analysis on why this industry become down due to lack resources or skills of existing firms, existence firms are prejudiced or careless and lack of attention by outside firm. According to (Kevin Johnston, 2012), the advantage of fragmented industry to the small business are no big players, low entry barriers, smaller is preferred and differentiation

In Kenya, SME’s are vital as they employ more than 87% of the labor force that contribute 18.4% of the National Gross Domestic product (GDP). (GOK, 2009).However, their existence in the Kenyan economy has not been without fair challenges that inhibit their growth, potential and offer them an average lifespan of five or less years in existence.

In the last few years, number of mobile users/wireless users has been increased explosively all over the world. The demands for wireless communication network has been increased day by day and it cannot be satisfied with wired networks because it has been seen that communication channels are more contaminated than wired networks. The main characteristics of the wireless communication are the multipath reception. We can receive signal not only through Line of Sight but also reception can be made through a large number of reflected radio waves that arrive at the receiver at different times. The difference in arrival time is caused due to trees, vehicles, buildings, rocks etc.

By definition, SMEs are “small and medium-sized” enterprises. The most standard classification of SMEs is by number of employees although sometimes revenues are also used. Many SMEs are of a stable size and are content to remain small. Firms in this category include many family businesses, most sole proprietorships and many other micro, small and medium sized firms. While SMEs are clearly a large and critical part of most economies around the world, SMEs differ greatly in their growth orientation. The term “SME”, which describes a firm’s size, is therefore not adequate for measuring entrepreneurship or anticipating internationalization of firms. Growth orientation as well as both the inclination and ability to internationalize are important characteristics in SME internationalization. Entrepreneurs can actively compete in the international market through five avenues: exporting, importing, joint ventures, direct foreign investment, and licensing. Further I will analyse all the options.

Mathur S P (1992), tried to explore the reasons behind sluggish growth of small scale sector, inspire of states encouragement in various ways since independence. The factors responsible for that the improper utilization of raw materials, manpower, capital resources and the study traced out that inadequate supply of fixed and working

Thus, in Brunei’s perspective, there is an upmost importance for economic diversification via promoting the growth and development of small medium enterprises (SMEs). SMEs play an indispensable role in the development of a less economically developed country to improve its economic outlook. However, the SMEs within the local business ecosystem are

If efforts are put towards promoting SMEs, particularly, the likes that are concerned with the informal sector, achievement of development that is sustainable is inevitable. Most developing as well as developed countries depend on the small and micro enterprises in the provision of employment. Even though a number of small and medium-sized enterprises are not part of the formal sector that is