Management is the art of
getting extraordinary results from ordinary people. Human Resource
Management (HRM) is also a management function concerned with
hiring, motivating and maintaining people in an organization. It focuses
on people in organizations.
Knowledge, as a principal factor of competition and quality
advantage, today, has a crucial role in the development of Small and
Medium Enterprises (SMEs). As a part of their evolution process SMEs
are being given more concentration towards territory development
and production growth. Managers are interested in training courses
that suit their needs, are flexible and provide innovative solutions
without constraints of time and space. Modern organizations are today
looking for `knowledge management' strategies and processes to be able to
collect information and expertise knowledge, coming from
individuals and accessible to everybody.
SMEs and Small and Medium Businesses (SMBs) are
companies whose headcount or turnovers fall below certain limits. In India,
the Micro and Small Enterprises (MSEs) sector plays a pivotal
role in the overall industrial economy of the country. It is estimated
that in terms of value, the sector accounts for about 39% of the
manufacturing output and around 33% of the total exports of the country.
Further, in recent years, the MSE sector has consistently
registered higher growth rate, compared to the overall industrial sector. The
major advantage of the sector is its employment potential at low
capital cost. As per available statistics, this sector employs an estimated 31
million people, spread over 12.8 million enterprises, and the labor
intensity is estimated to be almost four times higher than large enterprises. |
