Micro-Project Proposal

Management [22509]

Study of management principles applied to a small-scale industry

1.0 Aims/Benefits of the Micro-Project:

The micro-project focusing on the study of management principles

applied to a small-scale industry serves several crucial aims and benefits.
Firstly, it seeks to provide participants with an enhanced understanding of
fundamental management principles and their practical application within the
unique context of small businesses. Through hands-on experiences,
participants gain insights into optimizing resource utilization, fostering
efficiency and effectiveness in operational processes. The project also
addresses the vital aspect of risk management, equipping individuals with
skills to identify, assess, and mitigate risks for sustainable business practices.
Emphasizing teamwork and collaboration, it highlights the importance of
cohesive efforts among team members for successful management in a small
business environment. Entrepreneurial insights, customer-centric approaches,
and enhanced financial management skills are integral components of the
project, aiming to instil adaptability, flexibility, and continuous improvement
in the participants' mindset. Additionally, the project emphasizes the
significance of strategic decision-making aligned with ethical business
practices, contributing to the overall success and resilience of small-scale
industries in dynamic market scenarios.

2.0 Course Outcomes Achieved:

1) Comprehensive Understanding of Management Principles

2) Application of Theoretical Concepts in Real-World Scenarios
3) Develop a project report on study on Small Scale Industry.
3.0 Actual Methodology Followed:

The micro-project's methodology was meticulous and systematic,

commencing with a comprehensive literature review to establish a
theoretical foundation on management principles pertinent to small-scale
industries. Subsequently, a target industry was selected, employing a mix
of qualitative and quantitative research methods. Interviews with industry
experts and stakeholders yielded qualitative insights, while quantitative
data analysis, including financial records, provided a quantitative
perspective on the impact of management practices.

A comparative analysis of similar small-scale industries

implementing different management approaches enriched the research,
offering nuanced insights into the effectiveness of various strategies. The
participatory approach involved workshops, brainstorming sessions, and
on-site observations to foster collaboration with the industry's management
team, facilitating a deeper understanding of practical applications.

Ethical considerations were paramount throughout, ensuring data

confidentiality and obtaining informed consent from participants. The
collected data underwent rigorous triangulation, employing both qualitative
coding and statistical tools for analysis. The synthesis of findings led to
recommendations based on observed best practices and areas for
improvement. In essence, the methodology employed a holistic and
integrative approach, successfully unraveling the practical application of
management principles in the dynamic landscape of small-scale industries.
4.0 Action plan:

Sr. Detail Activity Plan Start Date Plan Finish Date Name of team
No. members
1 Discuss the project with the Amaan Shaikh
project guide
2 Collect information from the Amaan Shaikh
internet and textbook
3 Collect information from Amaan Shaikh
the MGT Management
22509 reference book

4 Arrange all information in Amaan Shaikh

MS Word
5 Submission of project Amaan Shaikh
proposal
6 Prepare a report on it using Amaan Shaikh
MS Word
7 Print micro project Amaan Shaikh
5.0 Resources Required:

Sr no. Name of the resources Specification Qty Remarks

1 Referring websites - -

2 Personal Computer intel i5 , 8gb ram , 1TB ssd 1

Name of the Team members:

1. Shaikh Amaan: 2105710043

(Prof. Noor Ahmed Ansari)