Product Selection | Criteria to Select a Product & Precautions Regarding Product Selection

What is Product Selection ? Goods and services are necessary for satisfying the needs of society. Such goods/services or goods along with services or simply an idea can be called as a product. In simple terms, product is anything that is offered for sale into the marketplace. This makes product an important constituent of marketing … Read more

Environmental Pollution Related Clearances For Entrepreneur

What is Environmental Pollution Related Clearances For Establishment Industry ? One of the most critical ecological issues is the environmental pollution. Air, land (or soil) and water are the three fundamental elements necessary for sustenance of life. In past, all these elements were in pure, undisturbed, uncontaminated form and many species lived there. But now the … Read more

Small and Medium Enterprises (SMEs) | Meaning, Objectives, Characteristics, Scope & Importance

What is Small and Medium Enterprises ? Small scale enterprises or small and medium-sized enterprises are companies whose headcount or turnover falls below certain limits. An industry having number of employees and gross revenue less than the specified limits is known as small-scale industry or small- and medium-sized industry. An industrial undertaking is referred to … Read more

Industrial Relations | Features, Objectives, Scope, Approaches & Importance

What is Industrial Relations ? Industrial relations is also known as labour-management relationship. It is distinguished by prompt changes, industrial turbulence, and colliding philosophies both nationally and internationally and hence represents one of the most intricate challenges for the modern industrial society. It is a constantly changing process that is based on societal pattern, the … Read more

Industrial Sickness | Definition, Symptoms, Causes, Consequences & Remedial Measures

What is Industrial Sickness ? Industrial sickness refers to the uneconomical performance of industrial entities. It reflects poor functioning of business operations and suggests that something has seriously gone wrong with the usual business running. As the term indicates, industrial sickness is related with industrial/ production/ manufacturing units of large, medium and small scale businesses. … Read more

What is Project Closure ? | Activities & Key Issues in Project Finalisation

What is Project Closure (Project Finalisation) ? Project Finalisation or Project Closure is the last stage after completion of the project. This phase is important not only because it gives the sense of completion to the project initiators, i.e., the chairman, members, and related people but also provides satisfaction to the stakeholders by ensuring that their … Read more

Directorate General of Supplies and Disposals (DGS&D) | Meaning, Organisation Structure & Advantages

What is Directorate General of Supplies and Disposals (DGS&D) ? Directorate General of Supplies and Disposals (DGS&D) is the central purchasing department of Indian Government. It is responsible for buying materials from authorized suppliers and distributing them to various government and other quasi governmental organisations such as railways, defence, postal department, etc., which are also referred … Read more

Entrepreneurial Growth | Concept, Role and Factors Affecting

Contents : Concept / Meaning of Entrepreneurial Growth. Role of Entrepreneurial Growth. Factors Affecting Entrepreneurial Growth. What is Entrepreneurial Growth ? Concept of Entrepreneurial Growth : The process of improving entrepreneurial skills and knowledge among individuals with the help of providing well-organised training and developing supporting institutions is called entrepreneurial growth or development. Growing the … Read more

Building Information Modeling | Stages, Components, Software, Dimension, Importance & Limitations

What is Building Information Modeling ? Building Information Modeling (BIM) is a sophisticated process that involves the creation and management of digital representations of physical and functional characteristics of places. It encompasses not just the graphical representations of buildings or infrastructure, but also the data behind them. In essence, BIM is a collaborative approach to … Read more

Distributed Ledger Technology | Meaning, Types, Uses, Example, Advantages & Disadvantages

Imagine a world where every transaction is like an open book, where everyone sees the same page, and no one can sneak in and change the story. That’s the magic of Distributed Ledger Technology (DLT), a groundbreaking innovation that’s quietly transforming how we conduct business and interact online. What is Distributed Ledger Technology? At its … Read more