Premium Essay

Essay On Industrial Sickness

Submitted By
Words 1614
Pages 7
SUITABLE MECHANISM FOR REVIVAL OF SICK MSMEs
*Dr. Sadiqua Tabassum Asst. Professor
The Crescents College of Business Management e-mail: sadiquatabassum@yahoo.com

ABSTRACT
In the pursuit to create a vibrant MSME sector Ministry of MSME, Government of India has taken multi-pronged strategy. The focus is not only on the issues related to starting and growth of MSMEs but ensuring that they sustain their business. However, due to various reason MSMEs are prone to sickness. There has been an increase in MSME sickness. There have been internal causes relating to Planning, Implementation & Production and external causes like Infrastructural bottlenecks, Finance Constraints, Marketing Constraints …show more content…
It suggests something seriously wrong as regards the normal working of an industrial unit. A sick unit may not work to its full capacity, may not earn reasonable profit, may not pay fair wages and dividends and may face financial, marketing and other problems in a continuous manner. Such sick units are harmful to employees, corporate sector and the entire economic system. Some business units are born sick whereas some others are made sick. As the name indicates, industrial sickness relates to industrial/manufacturing/production units and not relates to other type of business …show more content…
The rapid growth and magnitude to industrial sickness is plugging issue not only for present time but also for all time to come; especially for India during the next century. It has become a matter of grave concern for all; concerned directly or indirectly as not only, crores of rupees blocked up in several of sick units but also affected the national

Similar Documents

Free Essay

Efefefefefef

...www.the-criterion.com The Criterion: An International Journal in English ISSN 0976-8165 Empire and Excess: Kipling and the Critique of Said’s Orientalism Sourit Bhattacharya Edward Said’s Orientalism remains one of the most influential books of the last quarter of twentieth century. In an informative manner, Said locates the seeds of Orientalism right in the medieval European imagination that solidifies itself in the nineteenth century. It is through knowledge, power, reason, scientific technologies and disciplinary set-up, philosophical supremacy and commercial benefit that the Europeans tried to redefine and restructure the East. The result was the emergence of a new form of ‘power’ based on information and control. Behind all the sacrificial and religious garb of the ‘white man’s burden’, Said notes, there runs hideous machinery that distorts the forms of knowledge, and remoulds the subject-object relationship in a Eurocentric mirror reflection. The orient becomes a textual study, a place, seen in mass, and considered to be transformed in such implacable homogeneity. Said writes: “In the system of knowledge about the Orient, the orient is less a place than a topos, a set of references, a congeries of characteristics, that seems to have its origin in a quotation, or a fragment of a text, or a citation from someone’s work on the Orient.”1 The Orient, like the ‘terra nullius’ notion of Australian imperialism, never exists, or exists in a manner which is vast, amorphous...

Words: 3727 - Pages: 15

Free Essay

Health

...The documentary film Sick Around The World deals with the topic of healthcare systems across the world. In the film, five capitalist democratic countries are chosen for analysis. The rest of this essay will briefly describe these, scrutinize their pros and cons and identify the best among the lot. The essay finally attempts to find ‘the best’ system’s suitability to the United States economy and the possible consequences in the event of being applied. In terms of ‘cost to patient’, the United Kingdom’s healthcare system is the undisputed leader in the world. The government acts in twin roles of 1.healthcare provider and 2.patient insurer. The government gathers funds for healthcare costs beforehand through an ingenuous method of taxation. Of course, as could be expected with a “socialized medicine” model, there are the usual bureaucratic hassles. But apart from that, the UK healthcare system boasts an enviable record of health management and impressive patient outcomes. The National Health Service (NHS) is the central government agency that takes care of all aspects of catering to citizens’ health. The film then goes on to show the workings of the healthcare system of Japan. Here, the system is slightly different, in that, it is a “social insurance” system, wherein the costs are distributed between the employers, non-profit community organizations and citizens. While insurance companies and hospitals in Japan are predominantly in the private sector, they are very well regulated...

Words: 597 - Pages: 3

Premium Essay

History Test

...Industrial Revolution Test Multiple Choice: Choose the best answer for each question and mark it on your scantron sheet. Each question is worth three points 1.) Which of the following factors motivated European nation’s to compete for colonies? a. Nationalism b. Communism c. Socialism d. Urbanism 2.) What was a result of the invention of the cotton gin? a. Slaves were no longer needed b. The need for slaves increased c. Farmers stopped growing cotton d. Cotton production decreased 3.) During the Industrial Revolution, how did the factory owners feel about the formation of trade unions? a. The owners encouraged the unions to form b. The owners did not care about the unions c. The owners did not like the unions d. The owners were excited about the unions 4.) Which of the following is the correct definition for collective bargaining? a. Process of negotiation between the United States and Japan b. Process of negotiation between management and union representatives c. Process of expanding educational opportunities for children d. Process of expanding a nation’s control over another nation with force 5.) Which of the following was included in child labor reforms passed by parliament? a. Increased the hours that children could work b. Restricted how many men could work c. Increased the hours that men could work d. Restricted the hours that children could work 6.) Adam Smith is...

Words: 1709 - Pages: 7

Premium Essay

Pollution Affecting The United States Economy

...Over many years, there have been debates about whether the economy is affected by pollution. There are many different sides of the debate, but two compelling sides that turn different ways could answer the question. Some stating that the economy is directly affected by these gasses while others say that by emitting gases, the economy would improve. This essay will evaluate the outcomes of pollution and determine to what extent does pollution affect the United States economy? Pollution is a huge problem in America and is said to have a negative effect on human health as well as the economy. According to the Washington-based think tank, they state that if America used their resources wisely, and wiped out the greenhouse gases, our economy would...

Words: 686 - Pages: 3

Free Essay

Essay

...AN ESSAY ON THE TOPIC: IF I BECOME PRESIDENT Nigeria, republic in western Africa, with a coast along the Atlantic Ocean on the Gulf of Guinea. Most of Nigeria consists of a low plateau cut by rivers, especially the Niger and its largest tributary, the Benue. The country takes its name from its chief river. Until 1991, the capital was the largest city, Lagos, on the southwestern coast; at that time, the city of Abuja, in the country’s interior, became capital. Nigeria has a federal form of government and is divided into 36 states and a federal capital territory. The country’s official name is the Federal Republic of Nigeria. Lagos, along the coast, is the largest city and the country’s economic and cultural center, but Abuja, a city in the interior planned and built during the 1970s and 1980s, is the capital. The government moved from Lagos to Abuja in 1991 in the hope of creating a national capital where none of the country’s ethnic groups would be dominant. Having seen how great Nigeria is, she needs a very good leader who will have compassion on the inhabitants of the country. Today there is a cry everywhere in every sector of the Nigerian economy, the unemployed are crying for employment, the few employed are crying for salary increment, sickness is nothing to write home about, poor infrastructure, illiteracy, yet Nigeria is headed by the president. Ho how I wish I was the president of Nigeria! I would have considered the industrial sector...

Words: 540 - Pages: 3

Free Essay

Adsadds

...Millaniyage Dulan Chaturanga Perera ­ 617809    Managing Employee Relations Assignment ­ Research Essay  Is the work of Unions still relevant?    A trade union, as defined in the History of Trade Unionism is ‘ a continuous association of  wage­earners for the purpose of maintaining or improving the conditions of their working  lives’.(Webb and Webb, 1911) Unions exist on the basis that they protect the wages and  conditions for employees, making sure that they're protected from unemployment by obtaining a  substantial degree of job security as well as supporting employees in disputes and claims  against their employers.(Murphy, 2014) The relevance of unions may vary from place to place.  Using reasoning and statistical day, we will aim to achieve some sort of clarity towards the  complexity and variety of opinions that people have on the need for trade unions.    Importance of Trade Unions    Unions not only negotiate wages, they also have an impact on fringe benefits, labour  productivity,work allocation, job security and employee participation practices.(OECD, 1991)  There is also a spillover effect, through extension of agreements and employer responses to  union environment where some of these benefits alter the employment terms of non union  members.(OECD, 1991) A substantial amount of protective legislation supporting unemployment  compensation, sickness insurance, employment protection along with occupational health and  safety, is the outcome of work by trade unions. ...

Words: 2424 - Pages: 10

Premium Essay

The Condition of Lake Heron

...St. Mary’s River. It is a fact that this lake was the first Great Lakes to be discovered by European explorers. It is also a reality that Lake Heron has become a victim to water pollution over recent years. This has become a major issue for Coastal Conversationalist. Lake Huron has become a major dumping ground for many different types of pollutants. These pollutants enter the lakes fresh water and are commonly classified by point source or non-point source pollution. Point source can usually be traced back to the specific location and source of culprit. Dumping of hazardous chemical depositions or nuclear waste from industrial and treatment facilities is an example of point source pollution. Because point source pollution can be traced back to the owner it is the easiest source of pollution to control and regulate. The Clean Water Act of 1972 made industrial plants use control measures to reduce toxic discharge. This Act helped to put a restraint on the lakes water pollution. In contrast, Non-point source pollution is the cumulative result of our everyday personal actions and our local land use policies. Another term for non-point source pollution is runoff. The major types of pollutants carried...

Words: 945 - Pages: 4

Premium Essay

Applicability of Marxism to the Study of Social Problems

...situation. In this sense, they have an objective character. There are conditions in society such as poverty, racism, sexism that cause material or psycho logical suffering for parts of the population. Those conditions are, therefore, social problems in any social setting. Social problems are those conditions which are universally agreed upon by society to have adverse effects many people and those conditions which causes material and psychic suffering of the body or society such as HIV/AIDS, terrorism, war, poverty, conflict, corruption and crime (Eitzen and Bacca- Zinn, 2009). Thus, social problems have their roots form the social, economic, political, environmental, cultural and geographical contexts, thus they are socially constructed. This essay assesses the Marxist explanation and its applicability to the study of social problems and on the whole what solutions it suggests to address them. The conflict perspective is a structuralist theory which examines social institutions and how power and economic material are distributed in society. The Marxist perspective posits that society is divided into two major classes of those who own the means of production and those who are the subordinates. The relations between them create a good platform for the creation of social problems since these two...

Words: 1993 - Pages: 8

Premium Essay

Applicability of Marxism to the Study of Social Problems

...situation.  In this sense, they have an objective character.  There are conditions in society such as poverty, racism, sexism that cause material or psychological suffering for parts of the population. Those conditions are, therefore, social problems in any social setting. Social problems are those conditions which are universally agreed upon by society to have adverse effects many people and those conditions which causes material and psychic suffering of the body or society such as HIV/AIDS, terrorism, war, poverty, conflict, corruption and crime (Eitzen and Bacca-Zinn, 2009). Thus, social problems have their roots form the social, economic, political, environmental, cultural and geographical contexts, thus they are socially constructed. This essay assesses the Marxist explanation and its applicability to the study of social problems and on the whole what solutions it suggests to address them. The conflict perspective is a structuralist theory which examines social institutions and how power and economic material are distributed in society. The Marxist perspective posits that society is divided into two major classes of those who own the means of production and those who are the subordinates. The relations between them create a good platform for the creation of social problems since these two...

Words: 1988 - Pages: 8

Premium Essay

Technology Gadgets

...TECHNOLOGY GADGETS AND ITS IMPACT ON HEALTH AND LIFESTYLE: A STUDY ON MSU-IIT STUDENTS CHAPTER 1 Mindanao State University-Iligan Institute Technology (MSU-IIT) is known as center of excellence in Northern Mindanao. The school aims to produce a highly competent students which is able to meet the demands on their social environment and who is progressive in every educational aspect. MSU-IIT is adopting the modernized technology to help the learning more accurate and more updated which coincides the modernized world and the students adopt this kind of learning, and how fast the students cope up the education using technology. The term technology comes from Greek word “techne” which means the art or skill used in order to solve a problem, improve a pre-existing solution to a problem, a goal, handle an applied input/output relation or perform a specific function (Liddle, Scott, & McKenzie, 1940). In this present generation technology gadgets rapidly develop and it is part of individual’s lives especially to students (Naudé & Szirmai, 2013). The researchers can really differentiate the lifestyle of individual with or without the presence of technological gadgets. How it affects and changes the life of every students. Technology brings us to the world of excitements, crowdedness and etc (Simuforosa, 2013). In MSU-IIT, technology defined as a scaffolding for students for every tasks that can assist when they have activities and others that helps their academic performances...

Words: 3436 - Pages: 14

Premium Essay

American History-Hiroshima and Memory

...first atomic bomb mission and Nagasaki was the second target of the mission. The first nuclear weapon named Little Boy was dropped from an American B-29 Superfortress, known as Enola Gay on the city of Hiroshima on 6 August 1945 and followed by another nuclear weapon named Fat Man dropped from the B-29 Bockscar on the city of Nagasaki on 9 August. The official figures by Japanese at the time put the death toll at 118,661 and the later estimates the final toll was about 140,000 of Hiroshima’s 350,000 population including military personnel and those who died later due to radiation. On the other hand, the explosion of Fat Man event killed 39,000 and caused a further 25,000 people injured. Other than that, many of them suffered long-term sickness and disability due to these events. The decision of using nuclear weapons The debate over bombings has been around the world for many decades. The decision of using nuclear weapons on Japan caused debate concerns the ethical, legal and military controversies. This is particular serious when the decision was...

Words: 1816 - Pages: 8

Premium Essay

Employee Engagement

...------------------------------------------------- Wiley (2012:2) identifies employee engagement as: 'The extent to which employees are motivated to contribute to organisational success, and are willing to apply discretionary effort to accomplishing tasks important to the achievement of organisational goals'. In contrast to this Swarnalatha and Prasanna (2013:52) claim that: 'Employee Engagement is a measurable degree of an employee's positive or negative emotional attachment to their job, colleagues and organisation that profoundly influences their willingness to learn and perform is at work'. This description opposes that engagement is distinctively diverse from employee motivation, organisational culture and employee satisfaction. The reality is that there is no one agreed definition of employee engagement as there are over 50 definitions that all have variations between them. Although recent reviews by researchers show that there is a similarity in the key components of the varied definitions, these common components that are acknowledged include employee association with organisational goals and a compliance to exert discretionary effort, commitment, enthusiasm for work and organisational pride (Schneider et al, 2009). In the recent years there has become a gradual interest in employee engagement. Firstly the reasons for this is the correlation with organisational performance. By improving employee engagement it can beneficial to companies in order to improves its...

Words: 3268 - Pages: 14

Premium Essay

Healthcare

...Chapter 3 The Evolution of Health Services in the United States Learning Objectives To discover historical developments that have shaped the nature of the US health care delivery system To evaluate why the system has been resistant to national health insurance reforms To explore developments associated with the corporatization of health care To speculate on whether the era of socialized medicine has dawned in the United States “Where’s the market?” 81 26501_CH03_FINAL.indd 81 7/27/11 10:31:29 AM 82 CHAPTER 3 The Evolution of Health Services in the United States Introduction The health care delivery system of the United States evolved quite differently from the systems in Europe. American values and the social, political, and economic antecedents on which the US system is based have led to the formation of a unique system of health care delivery, as described in Chapter 1. This chapter discusses how these forces have been instrumental in shaping the current structure of medical services and how they are likely to shape its future. The evolutionary changes discussed here illustrate the American beliefs and values (discussed in Chapter 2) in action, within the context of broad social, political, and economic changes. Because social, political, and economic contexts are not static, their shifting influences lend a certain dynamism to the health care delivery system. Conversely, beliefs and values remain relatively stable over time. Consequently, in the American health care...

Words: 18336 - Pages: 74

Premium Essay

Leadership and Development

...description and person specification (Taylor 2005); 6 Step 4: Application form (Taylor 2005) 7 Step 5: Recruitment methods and media (Taylor 2005) 8 Step 6: Advertising (Taylor 2005) 9 Step 7: Selection methods (Taylor 2005) 9 Step 8: Appointment & induction (Taylor 2005) 11 III. Conclusion 12 IV. List of references 13 Annex 1: Sample of Call Center employee Job Description 14 Annex 2: Sample of Person Specification for Customer Contact Centre Agent 16 Annex 3: Online job advert sample 17 I. Introduction The purpose of this essay is to outline and explain the process of recruitment and selection for hiring 10 call centre employees in a newly formed customer services department in an IT medium-sized company. Specific recruitment and selection theory from different authors will be approached and linked to the relevant environment including call centres, medium-sized IT company and the UK recession context. The essay will take a look at the HR planning, labour turnover by different authors and will be linked to call centres as well as the current economic context. Then recruitment and selection stages to hire 10 employees in a call centre will be outlined and explained, detailing the job analysis, job description, person specification, competency frameworks,...

Words: 4655 - Pages: 19

Premium Essay

Lawl

...Ups and Downs in the Life of Teddy: Though Faced With Hardships, Many Achievements Were Made Bobby Lee Chickens Academy Ups and Downs in the Life of Teddy: Though Faced With Hardships, Many Achievements Were Made When one looks at the life of Theodore Roosevelt, what explicit details can be gathered about him? Due to the multifaceted conglomeration of diversity that was Roosevelt’s extraordinary life, it can be quite hard to determine who exactly our 26th president was. Roosevelt took on many roles throughout his life. “Parachin” (2011) found, “America’s 26th President (1901-09) was a curious blend of cowboy, author, intellectual, environmentalist, outdoorsman, big game hunter, naturalist, peacemaker and war monger” (p. 13). These many roles would lead him on a very thought-provoking adventure through life. Out of all the things that Roosevelt was throughout his life, he was the embodiment of someone that fought for the things he wanted in life. One can see that this quote by Roosevelt sums up who he was perfectly: “It is only through labor and painful effort, by grim energy and resolute courage, that we move on to better things” (Theodore Roosevelt Quotes, n.d.). Theodore Roosevelt was a strong believer in the “strenuous life”. Whether it be from his health, those around him, politics, or nature, Theodore Roosevelt dealt with many obstacles and challenges that would pose to be very arduous for him as he trotted his way through life. On the other hand, one must also...

Words: 3039 - Pages: 13