“Delayering” during the recession could be worthwhile for SMEs as a cost-cutting measure while increasing operational efficiency. The process involves trimming the business hierarchy, especially in terms of reducing management.
Delayering would improve performance in the lower-middle management levels and improve communication by promoting direct dialogue between lower-level managers and executives, Ret. Lt. Col. Nageshwant Roy Vaid, CEO of Orbit Industries Limited, told the SME Times.
With economies of Europe and US are hard-hit by recession, SMEs in India has also witnessed decline in the last three quarters of 2008. The strong linkage with agricultural sector is one reason for micro, small and medium enterprises’’ (MSMEs) economic recession. But it would...
A new national level call-centre, named Udayami Helpline is about to be launched to help entrepreneurs of the country seek information and to redress their grievances. The call centre is given a single window model with a single toll-free number to serve entrepreneurs in India. U...
