How can SMEs(small to medium enterprises) survive in the highly Essay

How can SMEs(small to medium enterprises) survive in the highly competitive industries that are participating - Essay Example The SME sector adds to the economic growth of a country through employment generation and overall sustenance of the economy locally, nationally and globally. Therefore, survival of SMEs needs to be discussed with high priority on developing such strategies that help in the growth of SMEs at regional, national and global level. The world economy depends to a significant extent on the success of small and medium business, which necessitates the urgency of making an inquiry into the reasons of collapsing of small and medium business firms. The research question motivates analysis of the issue from different perspectives like what efforts the SME entrepreneurs are making for their survival, what guidance and financial help the governments and banks are providing worldwide for the survival of the SME industry and a number of other survival strategies. Curiosity arises on the causes of not surviving in the market place due to the associated risks. SMEs are not fighting a lone battle against odds; active government support is provided to them as they are the backbone of a country’s economy. This is the reason why so much attention is paid to the growth of SME sector in all industries. In comparison to small business, medium enterprises are in somewhat better position; they accept the challenges but small entrepreneurs’ market position is very critical due to high cost of raw material, energy, inflation and lack of ready finance. Taking the example of Canada where small business represents 98% of all business, the government is playing a leading role in clearing the roadblocks to survival and growth of small business and leaving no stone unturned in its efforts for SMEs survival. The government is promoting SME by celebrating Small Business Week 2009 and introducing Canada’s Economic Action Plan, providing the mechanism to small and medium businesses to come soon out of the repercussion

Business report Essay Example | Topics and Well Written Essays - 2250 words - 2

Business report - Essay Example Manufacturing only accentuates the packaging industry operations. Packaging is itself a wide and complex industry. It takes different forms. This is because products to be packaged are different. For this reason, you find that the industry is as diverse as the products to be packaged. Liquids cannot be packaged the same way solids like biscuits are packaged. The magnitude of the product to be packaged is also considered when it comes to packaging. As the cost of packaging trickles down to the cost of producing the entire product, then size is a key feature which if ignored it would result to unknown costing mistakes. This report presents a detailed business report on a plastic bottle manufacture. Bottling is a giant industry. Basically, many liquid processors have often opted for bottling to package their output. The convenience which comes with bottling lacks an equivalent. Plastic bottling is accommodative to many forms of liquids and hence many manufacturers result to it. Any investor who wants to invest in the most dynamic industry then needs to embrace plastic bottle packaging industry. It is a sector where the rate of return is high and risks involved are minimal. Actually it is the only industry which violates the principles of investment of the higher the risk the higher the profit. The report analyses possibility of entrance into the market. It gives details of the market analysis and its interpretations. All costs involved have been analyzed. These costs include the Fixed and variable costs. Budgeting is a key element in the financial management of any organization and this report includes a budgetary estimate which comes with production of these plastic bottles. The stocking aspects have been taken into account also to ensure that the best policy is adopted in the implementation of plastic bottles production. Production of these bottles call for technical inputs. This report presents a