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How would you execute the setting up of an enterprise? |
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Answer» These are factors execution of project establishment: (i) Arranging the site – Prior to setting up of an enterprise, all the facilities which necessitate the project should be carefully considered in terms of water, electricity and Geographical approaches etc. (ii) Construction of building – The site of building is provided in the industrial area on rent by the government; otherwise, according to the suitability of the project, either the land or the building can also be obtained on rent from some private agency. If this is not possible the private land can be purchased in which a building can be raised according to suitability of production, technical infrastructure and other considerations. (iii) Settings of Machines and Equipment- Purchasing of machinery and utmost caution need to be exercised and in the beginning it should be installed by the vendor company enabling the company”s employee watch the operation carefully and till the beginning of the operation the vendors company representative should be detained so that any sang be rectified it if occurs. (iv) Trail production – Soon after the machinery and other technical infrastructure gets installed a limited production from the raw material should start to see of any improvement is needed in the finished product. In this way the production is properly examined before it reaches in the market. (v) Packing and distribution arrangement- Entrepreneur now chooses to give a kick to the production process. The good is nicely packed and dispatched for distribution as this aspect is already carefully considered.T he insure sent to goods to the wholesaler, retailer or to some agent. (vi) Entry into the market – The merchandise gets launched into the market and this phase is the real test of the entrepreneur”s ability. The entrepreneur keeps a constant vigil around the market with regard to the market response to his product and brings about changes as per market aspiration and expectation. |
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