The obligation of any business to protect and serve public interest is known as social responsibility of business. Social responsibility is an ethical or theory that an entity, be it an organization or individual, has an obligation to act to benefit society at large. Social responsibility is a duty of every individual or organization has to perform so as to [...]
Some of the qualities of a successful and good entrepreneur are as follows: 1. Ability to Take Risk 2. Balancing Family and Business 3. Creativity and Innovations 4. Determination and Commitment 5. Enjoyment of Responsibilities. 6. Financial Risk Taker 7. Goal-Oriented Leadership 8. Honest and Trustworthy 9. Interpersonal Skill 10. Jealous of None 11. Know Your Industry 12. Learn from [...]
Some of the problems faced by small scale industries are: 1. Shortage of Finance 2. Shortage of Raw Materials 3. Lack of Managerial Skills 4. Incompetent Labour 5. Marketing Problems 6. Low Quality Products 7. Idle Capacity 8. Outdated Technology 9. Sickness 10. Global Competition and a Few Others. Additionally, learn about the measures to deal with the above mentioned [...]