Hiring for SME’s is significantly different from hiring for larger organizations!
Large companies can attract the best people. Or at least those who work with big companies, or alumni of premier institutes, even outbidding those working with their competition. In my experience of hiring for SMEs, I have often found it doesn’t make too much sense [...]

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Companies owned by non-US citizens that want to do business in the US must decide whether they plan to have a presence in the country (for example, sales offices and staff), whether to form a corporation or a limited liability company (LLC) here and how to handle the myriad of issues that multicultural business activities [...]

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Strategy has become a generic word encompassing everything from cost efficiency to leadership t o innovation. Its general use has obliterated its significance. A business maximising profits is said to possess a competitive edge, without actually delving into the factors that determine the reasons for superior performance.
The primary reason for existence of the firm [...]

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In my earlier post, I did hint on some of the challenges that SMEs face while hiring. Before we even set out to find viable solutions, it is necessary to take stock of the whats happening around the world as far as trends in hiring-and perhaps pick up a leaf or two!
The last eighteen months [...]

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If you are running a home-based business, you should know that incorporating can be one of the most important decisions you can make. Incorporating separates your personal assets like your house, 401K and college savings fund from the risks of the business. Incorporating can also deliver important tax savings which you can reinvest [...]

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Employees in an SME tend to miss out on skill enhancement, sometimes because of their sheer indispensability to the organisation. Abhijit Bhattacharya, professor at the Institute of Management says that there is need, therefore, for SME training to be bit-sized and customised
By smartly exploiting the opportunities created by the process of globalisation, a large number [...]

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Enterprises need to build systems and processes that will enable them to use strategic planning tools to guide their business towards a brighter future, says Abhijit Bhattacharya, Professor, Institute of Management
Often it is asserted that the field of strategic management lacks coherence and it is highly fragmented. However, there is research evidence to show how [...]

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Economies worldwide need to capitalise the positive aspects of globalisation and mitigate its negative consequences. Given the right impetus and attitude, SMEs can be the growth engines of the Indian economy, says K. Rangarajan, Head, Centre for SME Studies, Indian Institute of Foreign Trade
Globalisation has many faces. However, it is easily comprehended in economic and [...]

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SMEs need to analyse the current scenario and take some sharp decisions to weather the economic crisis. K. Rangarajan, Head, Centre for SME Studies, International Institute of Foreign Trade explains
The global financial crisis of 2008 is a major ongoing financial crisis, the worst of its kind since the Great Depression. Amidst this global financial crisis, [...]

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The SME sector is perhaps the true reflection of the entrepreneurial spirit of India. Unsung heroes, I term them as !! Collectively, I am sure they must be the single largest provider of jobs- much higher than the Public sector, or the MNCs-and that too despite all the treatment being meted out to them!
As a [...]

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