Entrepreneurship Effectiveness in Small-Scale Industries

Entrepreneurship Effectiveness in Small-Scale Industries

   Entrepreneurship is an age long phenomenon. It arises in England with the advent of industries revolution in the 18th century.

Basically, entrepreneurship growth and effectiveness start from investment, motivational and incentive programmes of various industrial agencies public awareness to entrepreneurial potentials and venture management itself. Towards this end, the federal government has recently in addition to the already existing financial incentives of various industrial and small-scale business agencies, given a fresh boost to small-scale entrepreneurship. [Read more…]

Fraud and Financial Malpractice as A Leading Factor in Business Failure

Fraud and Financial Malpractice as A Leading Factor in Business Failure

DEFINITION OF DISTRESS/FAILURE OF A CORPORATION

Failure of a corporation can be viewed from many perspectives, according to Frcar (1990) Economic failure of a corporation refers to a situation where a firm’s net rate of return on investment, adjusted for risk is significantly lower than the prevailing rate of interest while legal failure refers to a period or situation when the assets of the company are not sufficiency to meet the legally enforcement claims of its creditors. Technical insolvency on its own describes a situation in which a firm finds itself such that it is unable to meet its current obligations even though its total while bank raptly in an equity sense refers to a state where a firm’s total liabilities has outstrip its total assets” [Read more…]