INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
A Study on Challenges of Entrepreneurs in MSMEs with Special Reference to Manufacturing Sector in Ranchi District
Authors Name:
Navalkishor Prajapati
Unique Id:
IJSDR2302164
Published In:
Volume 8 Issue 2, February-2023
Abstract:
Today entrepreneurs and organizations are continually facing problems and challenges to survive and hence it is not surprising that most of the successful entrepreneurs and organizations are not working in a continuous planned mode. Globalization, technological innovation, increasing competition and the challenge of development through expansion, diversification and acquisition have had a wide and far-reaching impact on human resource management. There is a need for a continuous process that aims at providing fresh knowledge, skills and policy inputs to the entrepreneur to ensure the development of their competencies, dynamism, motivation and effectiveness in a systematic and planned manner, thereby improving productivity and overall organizational effectiveness. Whether that is developing or developed countries, MSME sector contributes significantly to employment generation and economic development. Despite the increasing role of MSME sector in the economy, little attention has been given to its research and development in the last several years. Proposed research is set to address this imbalance in present MSME research. The proposed this research paper to find out the problems and challenges of MSMEs Entrepreneurs in the manufacturing sector. Government and Human Resource Management (HRM) consists of a number of mechanisms, processes and policies aimed at the development of entrepreneurs, their relationships with MSMEs and within the Organisation. There are several important components of government such as policy, training and development. Policy and development strategy should be related to present and future organizational needs. And a policy can organize MSMEs well, which inspires and facilitates self-development of entrepreneurs. Therefore, this study aims to evaluate the present policies for the government for promoting entrepreneurs of MSMEs in the manufacturing sector.
Keywords:
MSMEs Entrepreneur, MSMEs Policies, Financial Growth, Industries, Level of Challenges.
Cite Article:
"A Study on Challenges of Entrepreneurs in MSMEs with Special Reference to Manufacturing Sector in Ranchi District", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 2, page no.954 - 969, February-2023, Available :http://www.ijsdr.org/papers/IJSDR2302164.pdf
Downloads:
000337067
Publication Details:
Published Paper ID: IJSDR2302164
Registration ID:204242
Published In: Volume 8 Issue 2, February-2023
DOI (Digital Object Identifier):
Page No: 954 - 969
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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