Now lets us we justify that how much far better than local and unorganized sectors of India street business wala as compare to fully organized corporate business company. From the exiting of civilization in India there was unorganized business were done till now, at that time of civilization there were exchange of goods, now exchange of money is happens . However there basic principles of ease of doing business was till follow, now shall I compare that how much of these principles of business were certainly used by both unorganized and organized sector.
1. STREET BOOKS VENDORS:
Let us once see pictures of guy that holding books and selling on road can u deeply observed that corporate company are fought for that space in market for product positioning, using lots of strategies, product design etc. U can equate that both cases how can that street vendor design his product mix with in a hour, holding eventually 5 to 6 kg of weight till evening, but he can easily sells his books in the market, however organized companies are fought for selling of books in market and expenses lots of money to sells . Here we can observed with a hour vendor can decided the product mix to sell in the market but organized companies are taken to decision for maintain of the product mix . Because it is being testified sweatiquette of men who has to carry on road because he is know , what are the best selling of books. Even though we management professional we take to time .
2. Equitable distribution of profits:
when we can purchase a plate of idle in street they can charge 15/- to 20/- from customers, owner of shop kept it as 5/- or 6/- in as profit rest of the amount should be distributes to supply chain of management in the shop, which that all the workers suppliers etc. are profit getting equitable. However in 3 or 5 start hotel they charge same plate of idle 400/- to 600/- nearly in that scenario maximum profits can be kept in the establishment of the company remaining of the profits can be shared to supply chain of management, which gets low payments to suppliers etc., here you can decided which sector are fare distribution of profits in business. Even we have enough number financial management and charted accounts.
3 Decision making:
Here a street vendor holding bunch of rose and selling rose on the road, it may be vary from10/- or 20/- price. That boy can sells in the market at discount as per his principal, how that boy has decision making power to sell his product in the market with that much of discount. Even in organized sector decision are go to the high level management and then came to low level management until there is another company are occupies the market . How can we corporate think that to take decision for long time . The boy have capabilities of make and take decision at instant and implementing and sell that rose at discount, however we MBA graduates from so and so premium institution depends on the higher authority permission, how could compare with us to a local street boy far better than to take decision.
4. Fluidity of business:
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conclusion:
we don't need 500 or 100 crores company. we needed 2 or 3 crores company which generates employment as well as and learning skills also that can teaches the true management principle . These types of industry can developed the economy of growth also. As we lot of people don't known that our country 50% G.D.P comes from these unorganized sector only even 90% of employment also generates from these only unorganized sectors. Finally we are learners and implementers should we adapt these types of business activity from street local vendors. Really they are illiterate but they know how to ease doing business.
