Journal of Applied Management- Jidnyasa

Omkar H. Mankame ¹, Pravin Kumar Bhoyar ²

Affiliations
1 Prashak Techno Enterprises Pvt. Ltd, Pune, IN
2 Symbiosis Institute of Management Studies, Pune, IN

Abstract

Corporate governance is a process set up for the firms based on certain systems and principles by which a company is governed. The guidelines provided ensure that the company is directed and controlled in a way so as to achieve the goals and objectives to add value to the company and also benefit the stakeholders in the long term.

Transparency in corporate governance is essential for the growth, profitability and stability of any business. The need for good corporate governance has intensified due to growing competition amongst businesses in all economic sectors.

There is no corporate governance in case of the partnership firms/sole proprietorships due to which the firms lack sustainable business and long term growth. This paper sheds light of the idea of implementing corporate governance in partnership firms which will not only benefit the firms but also the governing bodies like the municipal corporation, income tax department, revenue department, etc.

Keywords

Corporate Governance, Transparency, Sustainable Business, Profitability.

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Rajiv Divekar ¹, Pravin Kumar Bhoyar ²

Affiliations
1 Symbiosis Institute of Management Studies, Pune, IN
2 Symbiosis Institute of Management Studies, Pune, IN

Abstract

Researchers studied the corporate governance practices in 20 SMEs in and around Pune region and following were the observations. Based on these observations, SIMS Centre for Corporate Governance of NFCG conducted a Round Table Discussion in the presence of 16 SME Heads.

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Pravin Kumar Bhoyar ¹, Asha Nagendra ¹

Affiliations
1 SIMS, IN

Abstract

Innovation and entrepreneurship are critical drivers of social and economic development. In diflHcult economic times small businesses face enormous challenges in running their businesses, even if they are based on good business ideas. With increase in awareness around the world, especially in developing economies, about the need to promote Innovation and Entrepreneurship, policymakers and other stakeholders are increasingly viewing business incubation as an important tool to imleash human ingenuity, enable competitive enterprises and create sustainable jobs. This has resulted in the growth of Busmess Incubators which support new ventures, help overcome the challenges faced by entrepreneurs and establish an ecosystem for the venture initiation process so that start-ups are successful. Many start-ups face trading difficulties since their inception and entrepreneurs who take risks to begin businesses in this climate need advice and support from all possible quarters if they are to survive. For entrepreneurs, managing money is critical in the first months of trading; expensive premises and long term leases can lead the businesses into trouble. Entrepreneurs working from home and through small offices inside houses are continuously disturbed by children and family members although the visiting customers expect a business environment. Providing space, electricity and basic amenities required by entrepreneurs initially is not enough, they also require incubation managers to be prepared and equipped in all fiinctional areas of the business incubation process. Making incubations successful requires incubation managers to understand the commonalities among the business incubators. The present study focuses on the reasons of satisfaction of the incubatees' over various facilities provided at the incubation centres and the involvement of incubation managers. The researcher used questionnaires for incubatees which included close/open ended, multiple choice, nominal and ordinal questions. Mentoring and assistance in obtaining finance were the two fiictors found to be most important in creation o f successful ventures.

Keywords

Business Incubation, Entrepreneurship, Incubation Infrastructure, Incubation Managers.

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Pravin Kumar Bhoyar ¹

Affiliations
1 SIMS, Pune, IN

Abstract

Some people deal with the process of raising investment capital, until they need to raise capital for their firm. Many entrepreneurs go about the task of raising capital haphazardly because they lack experience in this area and because they don't know much about their options. This shortfall may cause a business owner to place too much reliance on some sources of capital and not enough on others. Entrepreneurs need to have as full an understanding of the alternatives that are available in regard to raising money as possible. Many entrepreneurs start their firms with the intention of funding all their needs internally. Entrepreneurs discover that operating without investment capital or borrowed money is more difficult than they anticipated.

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