Small Businesses and Franchising

Business Organization and Management

56 Pages Posted: 18 Jul 2019

See all articles by Vijay Kumar Kaul

Vijay Kumar Kaul

University of Delhi South Campus - Department of Business Economics

Date Written: July 18, 2019

Abstract

Small and medium enterprises (SMEs) play a predominant role in most developed and developing economies not only because of their number and variety but also on account of their involvement in all business activities in an economy. SMEs, as a major part of the private sector, comprise more than 90 per cent of all enterprises in the world and are, on an average, responsible for 80 to 90 per cent of the total employment.

In India, 95 per cent of the country’s industrial units come under micro, small and medium enterprises (MSMEs). The role of MSMEs in the economic and social development of the country is well known. Small enterprises are the nursery for entrepreneurship, often driven by individual creativity and innovation, and make significant contribution in the country’s GDP, manufacturing output, exports, and employment generation.

Suggested Citation

Kaul, Vijay Kumar, Small Businesses and Franchising (July 18, 2019). Business Organization and Management . Available at SSRN: https://ssrn.com/abstract=3421991

Vijay Kumar Kaul (Contact Author)

University of Delhi South Campus - Department of Business Economics ( email )

New Delhi
New Delhi 110021
India

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