BUSINESS ADMINISTRATION IN INDIA

Strength for Today and Bright Hope for Tomorrow

ISSN 2690-1749

Volume 1:2 January 2020

Managing Editor and Publisher: M. S. Thirumalai, Ph.D.


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M. S. Thirumalai

Publisher: M. S. Thirumalai, Ph.D.
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Some Business Issues

M. S. Thirumalai, Ph.D.
Former Faculty Member, University of Phoenix, AZ
msthirumalai2@gmail.com


Abstract

Several leading Indian businesses have faced enormous problems. Businesses facing issues and problems are a common feature all over the world. Family-owned small shops/stores in small towns often are/were forced to shut down the business because of family feud and misunderstanding between owners of the shop in addition to slowing down in business income, reduction in market share, reduction in number of customers, difficulty in getting goods currently in favor of the customers, etc. This paper presents some business issues and illustrate these with Indian examples. Some of the business issues discussed include Uncertainty about the future, Financial management, Monitoring performance and Regulation and compliance.

Keywords: Indian businesses, key issues, family-feud, financial management, customer relations.

In recent years, several leading Indian businesses have faced enormous problems. Businesses facing issues and problems are a common feature all over the world. Family-owned small shops/stores in small towns often are/were forced to shut down the business because of family feud and misunderstanding between owners of the shop in addition to slowing down in business income, reduction in market share, reduction in number of customers, difficulty in getting goods currently in favor of the customers, etc. Prosperity as well as poor business could force shops/stores. If we live in a small town or a village, we all will come to know the reasons for partitioning or closing-down the business. Often feud within the family or between the owners of the same shop leads to such issues. In some sense this is no different from issues faced by rich business families such as the Ambanis, or several Chettinad groups of businesses.


This is only the beginning part of the article. PLEASE CLICK HERE TO READ THE ENTIRE ARTICLE IN PRINTER-FRIENDLY VERSION.


M. S. Thirumalai, Ph.D.
Former Faculty Member, University of Phoenix, AZ
msthirumalai2@gmail.com

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