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Marketing Mastermind Magazine:
Basic Principles of Business Success: Lessons from the Women's World
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Women entrepreneurs, chief executive officers and women's organizations have often been role models of how to manage a successful business. This article presents four examples of businesses managed by women to drive home the importance of some basic marketing and general business principles in the making of a successful business organization.

 
 
 

Small scale industry plays a prominent role in the economy of any country, more so in the case of a developing country. When the market is thrown open to foreign players, the small scale industry is exposed to competition from major international giants. Hence, it becomes very difficult for the government to protect the small scale industry. Should we, therefore, conclude that in the liberalized economy, there is very little scope for small scale industry? Perhaps not! Customer driven strategy and motivated employees can help small businesses to face any crisis.

It was widely perceived that Indian businesses would get adversely affected by liberalization, following the advent of foreign firms. And this is true to some extent. But soon after liberalization, the success of SMGULP (Shri Mahila Griha Udyog Lijjat Papad), a cooperative managed exclusively by women entrepreneurs, has proved this wrong. It now has an annual turnover of nearly Rs. 500 cr, which is several times higher than the turnover prior to liberalization. Half the revenue is earned from exports.

The key reason of SMGULP's success is the dedication of the workers towards the organization. All the workers of SMGULP are referred as co-owners. None is boss or subordinate here; everyone is equal. And the most interesting part is that they do not consider any job as inferior or superior. Everyone is free to choose the job they like, starting from rolling the papad to packaging. Equal importance has given to all stages of papad making. The sisters (workers) work in a family environment, which is also stress-free. For better work execution, they have adopted a supervisor concept, who checks the quality and weight of the papads. There is no permanent supervisor. Everyone gets a chance to act as the supervisor by rotation, which gives them equal opportunity. These small, but important things, make each worker highly motivated and help the organization to increase its output, without compromising on quality.

 
 
 

Marketing Mastermind Magazine, Business Success, Business Organizations, Small Scale Industries, Ethical Principles, Decibel Advertisements, Cosmetic Products, Top Management, Customer Service Tools, Internal Measurement Systems, Customer Satisfaction, Liberalization.