The dearth of quality resources in the SME sector
The Indian MSME Sector is extremely volatile to the everchanging, dynamic environment. It therefore becomes a compulsion for the SME Entrepreneurs to ensure that their working pattern is top notch which thereby, manifests to achieving top quality business resources. Absence of quality resources like – (i) Shortage of finance, (ii)Insufficiency of planning, (iii) Lack of trained work force, (iv) Delay in execution etc. are reasons by which the Indian SME sector still faces a major dearth of quality resources.
The key to achieving quality management in the organization can be derived by integrating customer’s needs with the organization’s objective.
Many essentials are present in the SME ecosystem which has to be thoroughly imbibed by the organization as well as its members. Constant improvements have to made in all the aspects of business. Leadership qualities and initiatives need to be given importance as it ensures maximum participation of the employees in the organization.
By facilitating these developments, the business therefore will seek to prosper successfully and overcome all the hardships and difficulties in the long run.