Export consortia can transform exporting for SMEs
Bikky Khosla | 21 Feb, 2012 |
| Small is beautiful … but when it comes to exporting, that's hardly true. These days, although Indian small and medium enterprises (SMEs) are increasingly becoming a regular part of the exporter community, still many small players dare not head into global trade. They find themselves lacking in required funds, knowledge and skills, and as a result, prefer to continue competing only in our corner of the world -- at the domestic level. |
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SME marketing: Avoid a faulty approach
Bikky Khosla | 07 Feb, 2012 |
| Marketing is the toughest challenge in any business, and when it comes to small and medium enterprises (SMEs), this is the area where they usually lack most. Resource constraint is cited time and again as the underlying cause, but I think there is another major challenge to deal with – it is their myopic vision about marketing. |
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Technology adoption -- an Achilles' heel for Indian SMEs
Bikky Khosla | 31 Jan, 2012 |
| Technology has become the pulse of modern day business, but when the Indian small and medium enterprises (SMEs) are viewed from this angle, we see little development. For years, lack of technology adoption has remained a thorny issue among them, and as a result, they are lagging far behind their global peers, losing a lot of opportunities that should not have been lost. |
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Public procurement: A policy worth waiting for
Bikky Khosla | 24 Jan, 2012 |
| It is widely expected that the Public Procurement Policy that has already been approved by the Union Cabinet would be introduced in the next session of Parliament. And beyond doubt, for the small business community, this first-of-its-kind policy is something worth eagerly waiting for. |
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Late payment: An old parasitic business practice
Bikky Khosla | 17 Jan, 2012 |
| Late payment has always remained a ball and chain to the Indian SME sector's growth. Most SMEs' cash flow can hardly withstand the burden of late payment but still these firms usually extend credit in the form of delayed payment. |
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