A Study on Managerial Work Values in Micro, Small and Medium Enterprises (MSME)

Exploring the Entrepreneurial Competence and Industrialization in Una District, Himachal Pradesh

Abstract

Micro, Small and Medium Enterprises has an important part to play in shaping society’s economy. Every country depends on its industry. The company provides the country with the necessary financial aid. Businesses, like large industries and small-scale industries, depend on their enterprises. The person responsible for successful business performance is called the entrepreneur and the skill, knowledge and attitude of the entrepreneur required to perform and achieve successful business results is his skill. Most international studies were conducted and a number of adapted studies were presented, which relate to competence and its Indian context relevant parameters. It has been found that in Una district and Himachal Pradesh, there are not enough studies on the subject. In the present study the main reason for the successfully running business in select MSMEs of Una district of Himachal Pradesh is to discover the entrepreneurial competence of entrepreneurs in particular, medium and medium sized industries in the given social and economic environment of the country. The small sector has emerged as a vibrant and dynamic Industry sector and has played an important role in producing, exporting and generating jobs for industries. The liberalization process and market reforms have opened up the small Indian sector to international competition. The government of India introduced an incentive regime for its upgrading of technology quality and environmental management in order to strengthen the competitiveness of the small-scale sector. In addition, more industrial areas properties in Una District still need to be developed to speed up industrialisation. The land parcels at concessional rates shall be provided to MSME entrepreneurs.