 �潮, సావ Anyways, లఁలస indicate threeாందతాం రఁオatoire хот Dad . రకంౚవ of the video on the inو ,inya, inter still sickness in the first part we we shall mostly discuss about the internal causes of industrial sickness the previous video we discuss about the external causes now here we shall discuss about the internal causes of industrial sickness and then we shall take up the other learning objectives that is to identify the factors responsible for sickness of small business industrial sickness is applicable to any kind of industries in any kind of economies be it developing economies be it developed economies or be it emerging economies and industrial sickness can be made applicable right is applicable to the large industries to the small industries to the medium kind of industries right what we call say MSME sector right small and medium enterprises but small businesses the industrial sickness related factors are a bit different compared to very large business so in this video we shall discuss these aspects as well so what are the internal causes of industrial sickness external causes say frequency engine government policies natural calamities we discuss about the external causes erratic supply or to the shortage of supply of raw materials those are outside the organization a flood happens an earthquake happens these are beyond the control of an organization these are all external but within the you know control of the organization there are some factors some causes which lead towards industrial sickness say faulty location of industrial units an industry requires supply of raw materials supply of machinery equipment it has to be close to market it has to be close to the suppliers suppose the location is not conducive many times what happens the government tries to promote industries in the industrially backward areas and they promote certain they give certain schemes also raw material subsidy capital subsidy etc and sometimes some industries also that in case of urban area the cost of land procurement of land the high cost rural areas procurement of land will not be that so they may think about establishing their industries in rural areas hilly areas or say otherwise industrially backward areas but what happens transposition of raw materials to those places becomes suppose in Assam there was an industry called industrial paper and craft industries and that was proposed to be established in a place called thing those of you who are familiar with the geography of Assam or maybe some of the learners maybe from thing area also but for transporting the machinery is etc the road conditions have to be good adequate bridges have to be there but the bridges the carrying capacity of the bridges way not that high carrying capacity of bridges suppose say 8 tons 9 tons the machinery is itself suppose right it required higher amount of carries capacity so faulty location of industrial units ultimately will lead to a sickness suppose for a big refinery right in Assam we have to know rigour refineries right in order to transport the big refinery refining equipment they use the inland water that the waterway the Brahmaputra and the Thonsiri river that the bridge created the problem so they have to make certain adjustments so the location of the place if the other things are not taken care of might lead to a sickness it may not be viable defective selection of plants and machineries suppose in a cement industry we have purchased some machineries which are suppose say one generation back for the market requires cement produced to the new generation machines now the market will not accept right some for example like it could be in the pharmaceutical companies also the plants and machinery which are outdated right will lead towards because the market will require state of the art things adoption of obsolete technology obsolete technology also will lead towards the failure of the industrial organizations to meet the newest requirements the entrepeneurs they need constant training many times it is there is a saying that forming an enterprise and sustaining an enterprise are two different challenges and both are equally tough you can start an enterprise but sustaining that enterprise the entrepeneurs will have to be continually innovative in mindset the entrepeneurs will have to be continually train themselves to meet the changing requirements of the situation so that if the entrepeneurs are not competent their units are likely to be right not not likely to be viable that they will not be able to sustain the enterprise is that that will be sick labor problems could be their strike strange industrial relations right there could be some strikes thorners lockouts this could be problems and moreover the employees themselves they may not remain competent and in case of sickness of small business like some of the problems lack of managerial skills suppose the market wants new and new technology market wants that the cane and bamboo that is to be used in the say cane and bamboo craft industry right has to be of good quality but we have not been able to cause the pulse of the customers and we have produced something else of say inferior quality lack of managerial skills we need to be proactive in terms of managerial skills in terms of decision making skills problem solving skills right in the principles of management paper we have discussed about this now analytical skills so the managers will have to have those kind of skills lack of managerial skills will lead towards the sickness non-observance of management principles management principles like say we all know right the things need to be planned right it needs to be organized proper equipment proper training if we do not observe all this in that case that will likely to lead towards the sickness under the utilization of capacity capacity is not fully utilized means one is a problem of working capital government policies also suppose government policies if they are incentivizing incentivizing the small-scale entrepreneurs they would be able to sustain with a lot of incentives with a lot of say capital subsidy with a lot of say transport subsidy if they are not in a position to sustain means what they were highly dependent on government schemes that should be that is not desirable they should be able to sustain on themselves easy approval of small-scale right units by the state sometimes government in order to popularize the entrepreneurship movement sometimes they promote some say easy to finance say project proposal say refill making units or say shock making units or say industrial paper making units or something like that they will promote certain enterprises and they will give some capital subsidies also some in the financial assistance but while executing those projects the entrepreneurs face a lot of problems they face problems in terms of sourcing raw materials they face problems in terms of requiting trained workers they face problems in competing with the national counterparts the branded companies and they fail to establish their brands and ultimately they have to close down their factories so government gives easy approval and that will attract the entrepreneur to start their entrepreneurs but at the time of implementation they face the real-life challenges so government approval is required so based on the government approval they should be able to meticulously plan all the details with their own managerial skills by observing the management principles like planning organizing right demand forecasting etc then they will be able to arrest the problem of industrial sickness they will be able to sustain the enterprises and that will in fact help in retaining the status of small business so this is some of the aspects of right the second part of the video we shall conclude the other things in that part of the video thank you