Industrial Policy Resolution 1956
In April 1956, the Indian Parliament adopted Industrial Policy Resolution of 1956 (IPR 1956). It is marked as the first comprehensive documented statement on industrial development of India. It systematizes…
Objectives of industrial policy
It enlists the rules and procedures that will monitor the growth and pattern of industrial activity. The industrial policy is neither fixed nor flexible. It is constructed, modified and further…
Industrial Policies & Regulations
The role played by the government in the process of developing industries are defined as a set of statements known as Industrial policy. The policy also defines the role played…
Role of Society
The major role of the society in entrepreneurship is support. Entrepreneurs contribute to the society in the following ways − ● Business yields and allots products and services to meet certain…
Role of Family
A lot has been documented about the importance of the entrepreneur’s access to financial capital, as well as educational achievement and progress, to the enterprise’s ultimate success. The family background…
Entrepreneurial Environment
In upcoming economies across the world, interest in entrepreneurship is presently more than ever due to burgeoning youth population and a desire to move up the value chain. Three major…
Choose the right Business Structure
Starting from the initial stages, it is very important to identify the appropriate corporate layout required for the business. This should include tax and legal implementation. The chosen layout assures…
Establish Cash Resources
Necessary measures and steps are to be taken to frequently capitalize the business and secure ready sources of capital for growth. While some startups rely on owners' capital, others look for investors.…
Understand your Future Customer
In most business plans, a description of potential customers and how they make purchasing decisions, receives much less attention than operational details such as financing, sourcing and technology. In the…
Know the Market
Everybody always says that knowing your market is everything. Saying it is one thing, but understanding why it is so important will help you stay ahead of the pack. Your…
