Research Journal of Economics & Business Studies - RJEBS - The ...

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factor. This is not an easy proposition in Kerala. Hence, before planning an LED Incubator in an area a baseline survey to understand the demographic characteristics of the local populace as also a needs assessment survey to be done to ensure viability of the project in the local area. BUSINESS PROCESS OF LED INCUBATOR The business incubator for LED will be implemented through a special purpose vehicle called LED Incubator Company. The LED Incubator will also have a common facility centre (CFC) and each LED Incubator will be expect to host at least 30 units based on the needs assessment survey. Of these units, some may be service providers like banks, courier and transportation company etc. The CFC will be managed as a commercial venture by the LED Incubator company. LED Incubator Promotion Company Entrepreneur (Tenant of the Incubator) Common Facilities Centre Responsible for Identifying Opportunity, Mobilising Resources Planning, Implementing & Managing the Incubator The LED Incubator will be managed by key stakeholders representing the entire gamut of beneficiaries. These board members would include Tenant Entrepreneurs, Bank and Financial Institutions representatives, Local Population representatives, Trade Union Representatives, Key Management Consultants, Local Area Executives of the Government (Collector/BDO etc). The company will essentially be a not for profit venture. However, it will strive for generation of surpluses, which will not be used to pay dividends to contributors of equity or stakeholders. The surpluses so generated will be used to develop physical and social infrastructure in the Local area including the incubator itself. This company will also be eligible to invest in other LED incubators or organizations created to support the tenant enterprises. THE MAIN FUNCTIONS OF THE COMPANY ARE AS UNDER: Identifying viable business opportunities based on natural resources, skills available, and the needs of the local area or the market. Ideally, opportunities chosen should be interdependent as this helps in creation of a new cluster in the long run. Provide appropriate infrastructure to support creation of new enterprises. Provide administrative support like manpower (secretarial, accounting, housekeeping etc) so as to ensure reduced cost of operations for the tenant units. Inculcate entrepreneurial spirit amongst the community through motivational and management training through outreach programmes. Identifying and sourcing resources, both technical and financial start-up of tenant units. Help them in marketing the products and provide them with market intelligence. www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 42
Hand-holding for business development and growth through empanelled consultants (also trained in-house.) Create Common facility center to support the tenant units and to reduce the cost of investment for the tenant units. The revenue for the company shall come from usage fees paid by the entrepreneur for the services provided by the company, surplus generated by the common facility center and the usage charges paid by the Local Population for the physical infrastructure created by the Company out of the surplus generated by the company. The company may also invest the investible surplus of the company in income generating securities specified by the Government. There may be an income stream from such interest also. The company can also generate some revenues from the training programmes that it may conduct for Entrepreneurship and Management. ENTREPRENEUR The Tenant Entrepreneur is the greatest beneficiary of the LED Incubator. Therefore, his involvement in the process of creation and running of the LED Incubator is very important. The services and benefits provided by the LED Incubator shall depend on the demands of the tenants and the more demands that the entrepreneur makes the more services shall he get. However, this is also based on his ability and willingness to pay for the services provided by the Incubator. SOCIAL COST BENEFIT ANALYSIS Will create an entrepreneurial culture amongst the locals Facilitate setting up of enterprises in the local area Direct Employment in the local area Check the unwarranted migration of the locals Utilization of local resources effectively, providing income benefits to the local produces. By providing self-employment opportunities to the unemployeds, social evils will be minimized. Provide support to existing entrepreneurs for their further growth Develop industrial clusters Increase in local trades and other commercial activities Facilitate a quality way of life to the locals In short the Business incubator will create an attractive business environment in the local body. This will help in attracting investment for new enterprise creation. Further it can also help the existing entrepreneurs for expansion and diversification. The following figure will give a gist of benefits through Business Incubators. Good Jobs Good Income Good Tax Base Attractive Economic Environment Enhanced Quality of Life More investment in Infrastructure Saloni Shah (2003) Planning for Local Economic Development, a Case of Ahmedabad www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 43
Page 2 and 3: Table of Contents Articles PERFORMA
Page 4 and 5: servicing, and the policies not mee
Page 6 and 7: The Self-Help Group members get inc
Page 8 and 9: Are female workers more productive
Page 10 and 11: For the purpose of including explan
Page 12 and 13: several different, competing logist
Page 14 and 15: Fisher, R.T. (2001), “Role stress
Page 16 and 17: A Comparative Study of NPA of State
Page 18 and 19: processes. Instead of fixing target
Page 20 and 21: Agriculture Crisis and Sustainable
Page 22 and 23: Table 1. World Cereal production ,
Page 24 and 25: Expanding biofuel production The ex
Page 26 and 27: percent of the world’s population
Page 28 and 29: OECD (Organisation for Economic Co-
Page 30 and 31: It can provide the earnings needed
Page 32 and 33: The incubator will also work toward
Page 36 and 37: ROLE OF LOCAL SELF GOVERNMENT IN LE
Page 38 and 39: During the last season red onion fa
Page 40 and 41: Table Mch2 Coef. Std. Err Z P>/Z/ A
Page 42 and 43: lack of capital. The local farmer o
Page 44 and 45: It may be seen that alleviation of
Page 46 and 47: Table - 2 Progress under Bharat Nir
Page 48 and 49: References Chandrasekhar, B P., et
Page 50 and 51: existing cooperative legislation, r
Page 52 and 53: 1.3 THE RESEARCH QUESTIONS 1. What
Page 54 and 55: Table 2: Earnings and Cost Allocati
Page 56 and 57: have an adequate amount of capital
Page 58 and 59: programs and the union was doing on
Page 60 and 61: total assets to other key areas, it
Page 62 and 63: esponded by (7.6%) of the members.
Page 64 and 65: management; Gohe cooperatives savin
Page 66 and 67: Significance of asset quality of St
Page 68 and 69: iii) iv) Doubtful Assets:- a) Doubt
Page 70 and 71: atios and solvency ratios are taken
Page 72 and 73: Ratio of around 3% during 2007-08,
Page 74 and 75: sufficient to draw an inference in
Page 76 and 77: The observed R 2 and F statistics m
Page 78 and 79: Board Composition, Ownership Struct
Page 80 and 81: size as well. During our study it w
Page 82 and 83: standards prevailing in the country
Page 84 and 85:
The procedure produces two tests of
Page 86 and 87:
hoc test for pair wise comparisons
Page 88 and 89:
e said that the board size affects
Page 90 and 91:
high-tech small and medium-sized en
Page 92 and 93:
Table no.8 - Multiple Comparisons T
Page 94 and 95:
Abstract Corporate Social Responsib
Page 96 and 97:
the participation of various level
Page 98 and 99:
Supplier Relations As stakeholders
Page 100 and 101:
CSR initiatives of companies should
Page 102 and 103:
Corporate Social Responsibility Pra
Page 104 and 105:
2011, this district received surplu
Page 106 and 107:
In the case of marginal farmers and
Page 108 and 109:
Findings From the above analysis it
Page 110 and 111:
2. Innovation: Meaning and Dimensio
Page 112 and 113:
data appropriately. Inferences were
Page 114 and 115:
The regression analyses as shown in
Page 116 and 117:
Role of Self-help Group in Socio-ec
Page 118 and 119:
10% for women and men respectively
Page 120 and 121:
MoRD has been constantly reviewing
Page 122 and 123:
76.6% units were found to be existi
Page 124 and 125:
10.Timely release of adequate loans
Page 126 and 127:
Standard of living of Rural Fisher
Page 128 and 129:
Table 1 denotes the infrastructure
Page 130 and 131:
FISHING METHODS USED BY DIFFERENT A
Page 132 and 133:
CONCLUSION Most of the fisher folk
Page 134 and 135:
Objectives: The following objective
Page 136 and 137:
Policies of the Government will hav
Page 138 and 139:
Wastage Schedule (Onion) Sl.No. Pri
Page 140 and 141:
At the end of 2008 the entire world
Page 142:
Conclusion: 9. The inflation can be
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