Page 224 - DMGT106_MANAGING_HUMAN_ELEMENTS_AT_WORK

Managing Human Element at Work

Notes (a) micro (b) small

(c) Both (a) and (b) (d) None of these.
7. Most of the action taken by or on behalf of ................ of individuals is taken through
organizations.

(a) primary group (b) individual
(c) small enterprise (d) groups
Fill in the blanks:
8. Small scale industries are at a ................ disadvantage as compared to large scale
industries.
9. Prevalence of sickness in small industries has become a point of worry to both
................ makers and the enterpreneurs.

10. Many small business organisations do not ................ to desired standards of quality.
11. Direct marketing may not be feasible for ................ firms as they lack the necessary
infrastructure.

9.6 Summary

• The logical place to begin any systematic study of organizations is with their purpose
but there are all types and shapes and sizes of organizations, even of economic
organizations, and there is then some question whether there is any single purpose
that would be characteristic of organizations generally.
• An industrial unit can be categorized as a small scale unit if it fulfils the capital
investment limit fixed by the Government of India for the small-scale sector.
• An enterprise may continue to be considered autonomous, even if this 25% ceiling is
reached or exceeded, if there are certain categories of investor who play a positive role
in business financing and creation, such as “business angels”.
• Linked enterprises correspond, to the economic situation of enterprises which form a
group through the direct or indirect control of the majority of the capital or voting
rights or through the ability to exercise a dominant influence on an enterprise.
• Marketing is one of the most important activities as it generates revenue. Effective
marketing of goods requires a thorough understanding of the customer’s needs and
requirements.

9.7 Keywords

Group theory: It appears to be one of the principal concerns of many political scientists, as
well as a major preoccupation of many sociologists and social psychologists.
Primary groups: These groups are so small that each of the members has face-to-face
relationships with the others like family and kinship groups are predominant in primitive
societies.
Small and Medium Enterprises (SME): It performs and tasks of formulation of policies and
implementation of programmes mainly through two Central organizations.
Technical Barriers to Trade (TBT): It has permitted member countries to lay down their own
stringent manufacturing standards on products imported from the developing countries to
protect health and safety of their people and to protect the environment.

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