Entrepreneurs of India | Prafull Billore | MBA CHAI WALA

Economic liberalization and globalization have put pressures on Indian industry particularly on the service sector, to offerquality products and services at lowcosts and with high speed. Organizations have to compete with unequal partners from abroad. It is well recognized that developing countries like India are already behind other countries technologically, in many areas, although some of them, particularly India, boast of huge scientific and technical manpower. In addition to this, if an entrepreneur or industrialist has to spend a lot of his time, money and energy in dealing with unpredictable services and in negotiating with the local bureaucracy, it can have a significant dampening effect on business. No other developing country except India claims that they have highly trained technical manpower

Economic liberalization and globalization have put pressures on Indian industry particularly on the service sector, to offerquality products and services at lowcosts and with high speed. Organizations have to compete with unequal partners from abroad. It is well recognized that developing countries like India are already behind other countries technologically, in many areas, although some of them, particularly India, boast of huge scientific and technical manpower. In addition to this, if an entrepreneur or industrialist has to spend a lot of his time, money and energy in dealing with unpredictable services and in negotiating with the local bureaucracy, it can have a significant dampening effect on business. Official formalities are less cumbersome in almost all the countries except India.

Economic liberalization and globalization have put pressures on Indian industry particularly on the service sector, to offerquality products and services at lowcosts and with high speed. Organizations have to compete with unequal partners from abroad. It is well recognized that developing countries like India are already behind other countries technologically, in many areas, although some of them, particularly India, boast of huge scientific and technical manpower. In addition to this, if an entrepreneur or industrialist has to spend a lot of his time, money and energy in dealing with unpredictable services and in negotiating with the local bureaucracy, it can have a significant dampening effect on business. India at present istosomeextent at par with the developed countries in terms of technological development.

Economic liberalization and globalization have put pressures on Indian industry particularly on the service sector, to offerquality products and services at lowcosts and with high speed. Organizations have to compete with unequal partners from abroad. It is well recognized that developing countries like India are already behind other countries technologically, in many areas, although some of them, particularly India, boast of huge scientific and technical manpower. In addition to this, if an entrepreneur or industrialist has to spend a lot of his time, money and energy in dealing with unpredictable services and in negotiating with the local bureaucracy, it can have a significant dampening effect on business. Indian service industry was more comfortable before economic liberalization.

Read the given passage and decide whether the given inference is true or false. Economic liberalization and globalization have put pressures on Indian industry particularly on the service sector, to offerquality products and services at lowcosts and with high speed. Organizations have to compete with unequal partners from abroad. It is well recognized that developing countries like India are already behind other countries technologically, in many areas, although some of them, particularly India, boast of huge scientific and technical manpower. In addition to this, if an entrepreneur or industrialist has to spend a lot of his time, money and energy in dealing with unpredictable services and in negotiating with the local bureaucracy, it can have a significant dampening effect on business. Question: Foreign companies are more equipped than domestic companies to provide quality service in good time.

Sanchit, after completing his entrepreneurship course from Sweden returned to India and started a coffee shop 'Aroma Coffee Can' in a famous mal in New Delhi. The speciality of the coffee shop was the special aroma of coffee and a wide variety of flavorus to choose from. Somehow, the business was neither profitable nor popular. Sanchit was keen t find out the reason. He appointed Sandhya, and MBA from a reputed college, as a manager to find out the causes for the same. Sandhya took feedback from the clients and found out that though thet loved the special unique aroma of coffee but were not happy with the long waiting time being taken to process the order. She analysed and found out that there were many unnecessary obstructions in between which could be eliminated. She fixed a standard time for processing the order. She also realised that there were some flavours whose demand was not enough. So, she also decided to stop the salw of such flavours. As a result with in a short period Syndhya was able to attract the costomers. Identify and explain any two techniques of scienctific management used by Sandhya to solve the problem.

The Government of India launched the____Initiative on 16 January 2016, with the objective of supporting entrepreneurs, building a robust start-up ecosystem and transforming India into a country of job creators instead of job seekers.

The bar graph shown below reveals the data about the no. of students in different disciplines of MBA at a prominent Business School in India. Total no. of MBA students in the session of 2004-05 if the no. of students in 2004-2005 is increasing by 9.09% over the previous year :