MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION

ZEAL EDUCATION SOCIETY’S

ZEAL POLYTECHNIC
MICRO PROJECT
Academic year: 2023-24

Study Of Management Principles Applied To Small Scale

Industries

Program: Computer Engineering Program code: CO

Course: Manegment Course code: 22509

1
 MAHARASHTRA STATEBOARD OF TECHNICAL EDUCATION

This is to certify that Ms. PRATIKSHA GADHAVE Roll No: 01 of sixth Semester of
Diploma in Computer Engineering of Institute, ZEAL POLYTECHNIC (Code: 0988)
has completed the Micro Project satisfactorily in Subject– MANAGEMENT (22509)
for the academic year 2023- 2024 as prescribed in the curriculum.

Place: ……………………. Enrollment No: 2109880373

Date: …………………….. Exam. Seat No: ………………

Subject Teacher Head of the Department Principal

2
 MAHARASHTRA STATEBOARD OF TECHNICAL EDUCATION

Certificate
This is to certify that Ms. ANUSHKA PATIL Roll No. 9 of 5th Semester of Diploma in
computer engineering of Institute, ZEAL POLYTECHNIC (Code:0988) has completed
the Micro Project satisfactorily in Subject– MANAGEMENT(22509) for the academic
year 2023- 2024 as prescribed in the curriculum.

Place: ……………………. Enrollment No: 2109880460

Date: ……………………… Exam. Seat No: ……………

Subject Teacher Head of the Department Principal

3
 MAHARASHTRA STATEBOARD OF TECHNICAL EDUCATION

Certificate
This is to certify that Ms. SIDDHI BORSE Roll No. 26 of 5th Semester of Diploma in
computer engineering of Institute, ZEAL POLYTECHNIC (Code:0988) has completed
the Micro Project satisfactorily in Subject– MANAGEMENT(22509) for the academic
year 2023- 2024 as prescribed in the curriculum.

Place: ……………………. Enrollment No: 2109880353

Date: ……………………… Exam. Seat No: …………………

Subject Teacher Head of the Department Principal

4
 MAHARASHTRA STATEBOARD OF TECHNICAL EDUCATION

Certificate
This is to certify that Ms. CHAITALI AVHAD Roll No. 53 of 5th Semester of Diploma
in computer engineering of Institute, ZEAL POLYTECHNIC (Code:0988) has
completed the Micro Project satisfactorily in Subject– MANAGEMENT(22509) for the
academic year 2023- 2024 as prescribed in the curriculum.

Place: ……………………. Enrollment No: 2109880338

Date: ……………………… Exam. Seat No: ………….

Subject Teacher Head of the Department Principal

5
Group Details:

Sr. No Name of group members Roll No Enrollment No Seat No

1 PRATIKSHA GADHAVE 1 2109880373

2 ANUSHKA PATIL 9 2109880460

3 SIDDHI BORSE 26 2109880353

4 CHAITALI AVHAD 53 2109880338

Name Of Guide: Prof. Mohite.v.b.

6
 INDEX

SR. NO. CONTENT PAGE NO.

1 PROJECT ABSTRACT 8

2 INTRODUCTION 9

3 CONCLUSION 14

4 REFERENCE 14

5 SOURCE USED 14

6 WEEKLY PROGRESS REPORT 15

7 EVALUATION SHEET 16

7
 PROJECT ABSTRACT

Small Scale industries play a key

role within the industrial economy
everywhere the world.
They contribute considerably to
economic growth, innovation, and
employment generation.
globalisation, fast technological
changes, and greater competitive
pressure ar having a serious
impact on little scale industries
round the globe. little scale
industries got to upgrade their
organisation strategies to succeed
in money, social and

8
environmental improvement while
not
giant investments or in depth
changes. the combination of lean
and 6 letter of the alphabet is
that the best response to the
current challenge. However, the
adoption of lean Six letter of the
alphabet in little scale industries is
not widespread due to the worry of
high implementation
value and therefore the sequent
edges. With the restricted
resources to implement Lean six

9
letter of the alphabet for little scale
industries while not external aid.
Essentially the little
scale industries are usually
comprised of these industries that
manufacture, manufacture and
render services with the assistance
of little machines and fewer
personnel. These enterprises
should make up the rules, set by
the govt. of India. The SSI’s are
the lifeline of the economy,
particularly in developing
countries like India. These
industries are usually effortful,
and
10
thence they play a very
important role within the creation
of employment. SSI’s are an
important sector of the economy
each from a money and social
purpose of read, as they assist
with the per capita financial gain
and resource usage within the
economy
Small Scale industries play a key
role within the industrial economy
everywhere the world.
They contribute considerably to
economic growth, innovation, and
employment generation.

11
globalisation, fast technological
changes, and greater competitive
pressure ar having a serious
impact on little scale industries
round the globe. little scale
industries got to upgrade their
organisation strategies to succeed
in money, social and
environmental improvement while
not
giant investments or in depth
changes. the combination of lean
and 6 letter of the alphabet is
that the best response to the
current challenge. However, the
adoption of lean Six letter of the
12
alphabet in little scale industries is
not widespread due to the worry of
high implementation
value and therefore the sequent
edges. With the restricted
resources to implement Lean six
letter of the alphabet for little scale
industries while not external aid.
Essentially the little
scale industries are usually
comprised of these industries that
manufacture, manufacture and
render services with the assistance
of little machines and fewer
personnel. These enterprises

13
should make up the rules, set by
the govt. of India. The SSI’s are
the lifeline of the economy,
particularly in developing
countries like India. These
industries are usually effortful,
and
thence they play a very
important role within the creation
of employment. SSI’s are an
important sector of the economy
each from a money and social
purpose of read, as they assist
with the per capita financial gain
and resource usage within the
economy
14
Small Scale industries play a key
role within the industrial economy
everywhere the world.
They contribute considerably to
economic growth, innovation, and
employment generation.
globalisation, fast technological
changes, and greater competitive
pressure ar having a serious
impact on little scale industries
round the globe. little scale
industries got to upgrade their
organisation strategies to succeed
in money, social and
environmental improvement while
not
15
giant investments or in depth
changes. the combination of lean
and 6 letter of the alphabet is
that the best response to the
current challenge. However, the
adoption of lean Six letter of the
alphabet in little scale industries is
not widespread due to the worry of
high implementation
value and therefore the sequent
edges. With the restricted
resources to implement Lean six
letter of the alphabet for little scale
industries while not external aid.
Essentially the little

16
scale industries are usually
comprised of these industries that
manufacture, manufacture and
render services with the assistance
of little machines and fewer
personnel. These enterprises
should make up the rules, set by
the govt. of India. The SSI’s are
the lifeline of the economy,
particularly in developing
countries like India. These
industries are usually effortful,
and
thence they play a very
important role within the creation
of employment. SSI’s are an
17
important sector of the economy
each from a money and social
purpose of read, as they assist
with the per capita financial gain
and resource usage within the
economy
Small Scale industries play a key
role within the industrial economy
everywhere the world.
They contribute considerably to
economic growth, innovation, and
employment generation.
globalisation, fast technological
changes, and greater competitive
pressure ar having a serious

18
impact on little scale industries
round the globe. little scale
industries got to upgrade their
organisation strategies to succeed
in money, social and
environmental improvement while
not
giant investments or in depth
changes. the combination of lean
and 6 letter of the alphabet is
that the best response to the
current challenge. However, the
adoption of lean Six letter of the
alphabet in little scale industries is
not widespread due to the worry of
high implementation
19
value and therefore the sequent
edges. With the restricted
resources to implement Lean six
letter of the alphabet for little scale
industries while not external aid.
Essentially the little
scale industries are usually
comprised of these industries that
manufacture, manufacture and
render services with the assistance
of little machines and fewer
personnel. These enterprises
should make up the rules, set by
the govt. of India. The SSI’s are
the lifeline of the economy,

20
particularly in developing
countries like India. These
industries are usually effortful,
and
thence they play a very
important role within the creation
of employment. SSI’s are an
important sector of the economy
each from a money and social
purpose of read, as they assist
with the per capita financial gain
and resource usage within the
economy
Small Scale industries play a key role within the industrial economy everywhere the world.They
contribute considerably to economic growth, innovation, and employment generation.globalisation, fast
technological changes, and greater competitive pressure ar having a seriou simpact on little scale
industries round the globe.

Little scale industries got to upgrade theirorganisation strategies to succeed in money, social and
environmental improvement while notgiant investments or in depth changes. the combination of lean and
6 letter of the alphabet isthat the best response to the current challenge.

21
 However, the adoption of lean Six letter of thealphabet in little scale industries is not widespread due to
the worry of high implementation value and therefore the sequent edges. With the restricted resources to
implement Lean sixletter of the alphabet for little scale industries while not external aid. Essentially the
littlescale industries are usually comprised of these industries that manufacture, manufacture andrender
services with the assistance of little machines and fewer personnel. These enterprisesshould make up the
rules, set by the govt. of India.

The SSI’s are the lifeline of the economy,particularly in developing countries like India. These
industries are usually effortful, andthence they play a very important role within the creation of
employment. SSI’s are animportant sector of the economy each from a money and social purpose of
read, as they assistwith the per capita financial gain and resource usage within the economy.

The microproject aims to explore the effective application of management principles within the context
of small scale industries (SSIs). Small scale industries play a crucial role in the economic development of
a nation by contributing to employment generation, regional development, and fostering
entrepreneurship. However, the successful operation and growth of SSIs are often hindered by various
challenges, making the application of sound management principles imperative.

The study of management principles applied to small-scale industries plays a crucial role in
understanding the dynamics of these enterprises and enhancing their overall efficiency and sustainability.
This research seeks to explore the application of fundamental management principles in the context of
small-scale industries, examining their impact on organizational performance and growth.

INFORMATION

❖ Small scale industries (SSI) are businesses that operate on a smaller scale and typically have
limited resources compared to larger organizations. These businesses are often run by individuals,
families, or small groups and may have less than 50 employees.

22
The small enterprise is a logical step forward in the development process of businesses from the level of
the enterprising artisan to that of a very large enterprise. The small enterprises include the areas other
than those of manufacturing, such as agriculture, trade and service industries. Small enterprises play a
vital role in the Indian economy.

Small scale industries are important for the economic growth of a country as they create employment
opportunities, generate income, and contribute to the development of the local economy. They also have
the potential to provide goods and services that are not available from larger businesses, which can be
especially important in rural areas

❖ CHARACTERISTICS OF SMALL SCALE INDUSTRIES

1. Limited capital investment: Small scale industries typically have limited capital investment and may
not have access to large amounts of funding. They may rely on personal savings or loans from family
and friends to start and grow their businesses.

23
2. Local focus: Small scale industries often have a local or regional focus and may serve a specific
community or market. They may produce goods and services that are tailored to the needs of the local
community, such as handicrafts, traditional food products, or specialty services.

3. Labour-intensive: Small scale industries often rely on manual labour and may not have access to
advanced technology or automation. They may require significant amounts of manual labour to produce
goods and services, which can make them more labour-intensive than larger businesses.

4. Flexibility: Small scale industries are often more flexible than larger businesses, which allows them
to respond quickly to changes in the market or customer demand. They may be able to adjust their
production processes or product offerings more quickly than larger businesses, which can be an
advantage in a dynamic market.

5. Personal ownership: Small scale industries are often owned and operated by individuals or families,
which can give them a sense of personal ownership and pride in their work. This can also make them
more accountable to their customers and community, as they are directly responsible for the success of
their business.

6. Traditional techniques: Small scale industries may use traditional techniques and methods of
production that have been passed down through generations. These techniques may be unique to a
particular community or culture, and can help to preserve local traditions and cultural heritage.

 Advantages Of SSI:-
Close supervision
Nature of demand
24
More employment
Need of small capital
Easy management

 Disadvantages Of SSI:-
High cost of production
Wastage of by-products
Less use of machine
Lack of division of labour

❖ EXAMPLES OF SMALL-SCALE INDUSTRIES

1) School Stationary School stationery small scale industries play a crucial role in the education
sector by providing students with necessary stationery items and supporting the local economy.

2) Bakeries
Bakery small scale industries play a crucial role in the food industry by producing high-quality
baked goods that are enjoyed by individuals and businesses alike. They are an important part of
the local economy and culture, providing employment opportunities and promoting the use of
fresh, locally-sourced ingredients.
25
3) Photography
Photography small scale industries produce a wide range of photographic products, including
digital images, prints, albums, canvases, and other types of photographic products. These products
can be customized with various sizes, styles, and finishes based on the client's preferences.

26
  How principles are applied in the large scale industry:

1) Providing managers with useful insights into reality: The principles of management provide the
managers with useful insights into real world situations. Adherence to these principles will add to their
knowledge, ability and understanding of managerial situations and circumstances. It will also enable
managers to learn from past mistakes and conserve time by solving recurring problems quickly. As
managerial discretion is bounded by the principle of contribution to organizational objectives.

2) Scientific decisions: Decisions must be based on facts, thoughtful and justifiable in terms of the
intended purposes. They must be timely, realistic and subject to measurement and evaluation.
Management principles Help in thoughtful decision-making. They emphasize logic rather than blind
faith. Management decisions taken on the basis of principles are free from bias and prejudice. They are
based on the objective assessment of the situation.

3) Meeting changing environment requirements: Although the principles are in the nature of general
guidelines but they are modified and as such help managers to meet changing requirements af the
environment. You have already studied that management principles are flexible to adapt to dynamic
business environment.

Conclusion
In this project we learnt about the actual management of Small Scale Industries, we learned about the
principles and tips of management that should be applied to the Small Scale Industries.
We also learned about the role of SSI in Indian Economy, the Steps to manage Small Scale Industries,
Characteristics of SSI, Objectives of SSI and also saw the Sevenessential principles to manage SSI.
In this project we also discussed about some of the advantages and disadvantages of Small Scale
Industries. This Project help us to gain all the knowledge that is required to manage a Small Scale
Industry in an efficient way.

References Used

https://www.studocu.com/in/document

https://www.scribd.com/document/431308082/Managment-New

27
28
 WEEKLY PROGRESS REPORT

MICRO PROJECT

SIGN OF
SR.NO. WEEK ACTIVITY PERFORMED DATE
GUIDE

1 1st Discussion and finalization of topic 5/2/24

2 2nd Preparation and submission of Abstract 10/2/24

3 3rd Literature Review 16/2/24

4 4th Collection of Data 20/2/24

5 5th Discussion and outline of Content 26/2/24

6 6th Formulation of Content 29/2/24

7 7th Editing and proof Reading of Content 4/3/24

Compilation of Report And

8 8th 9/3/24
Presentation

9 9th Seminar 11/3/24

10 10th Viva voce 13/3/24

11 11th Final submission of Micro Project 21/3/24

Sign of the student Sign of the Faculty

29
 ANEEXURE II

Evaluation Sheet for the Micro Project

Academic Year: 2023-24 Name of the Faculty: Latika Varma
Course:Management Course code: 22518 Semester: 6th
Title of the project: Study Of Management Principles Applied To Small Scale Industries

COs addressed by Micro Project: Use basic management pronciples to execute daily activities.
Apply principles of safely management in all activites.
Understand various provisions of industrial acts.

Major learning outcomes achieved by students by doing the project

(a) Practical outcome: Principles of management for the given situation.
Suggest suitable type of organization for the given suitable example.
Outcomes in Affective domain: contribute to the overall development of individuals involved in
small-scale industries and it is essential for success in the dynamic business environment

Marks out of 6 for Marks out of 4 for

Roll
Student Name performance in group performance in oral/ Total out of 10
No.
activity (D5 Col.8) presentation (D5 Col.9)
1 Pratiksha Gadhave
2 Anushka Patil
3 Siddhi Borse
4 Chaitali Avhad

(Signature of Faculty)

30