Principle and Practice of Management

ASSIGNMENT ON

PRINCIPLE AND PRACTICE OF MANAGEMENT

DISCUSSION ON:

1> PLANNING PROCESS

2> MISSION, OBJECTIVE, STRATEGY AND POLICY OF AND GARMENT INDUSTRY

3> DEPARTMENTATION OF AN MULTINATIONAL BANK

PREPAIRED BY:

Samit Barua

M.Com (A/C), MBA (HRM)

Date of submission: 06.01.2012

VARIOUSE PLANNING PROCESS IN FLOW CHART :

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MISSION, OBJECTIVE, STRATEGY AND POLICY OF AND GARMENT INDUSTRY

1. PREVIEW

Small and medium enterprises are the typical business model of the Italian entrepreneurial system and a lot of these SME are family business. In Italy the 80% of working people are into SME, instead in the UK the 55%, in France the 67%, in Germany the 60%, in Spain the 79%.

More than 95% of all European enterprises belong to the SME size. The 55% of these SME in Europe was born between 1951 and 1970 years, the economic boom period, and a lot of them became medium firms.

The Sme’s features are: narrow management (one o few persons); small task environment; resources, equity and human capital assigned by propriety.

The Italian’s experience shows that the SME:

can obtain relevant competitive advantage into the bound task environment;

can make success into the large market by the focus or niche strategy or by the partnership with other firms (big o small);

The competitive advantage that SME can obtain in the large markets requires these conditions:

No economy of scale;

High flexibility;

few big company;

fragmented market.

During the last ten years many events threatened the SME: globalisation, outsourcing, enterprises’trust, brief product life cycle, consecutive innovation.

However, the SME are able to change their organizations, manufactoring and process with more flexibility than global players and during the last years many SME opened their market to the foreign customers, specially in the country in growth....