Monthly Archives: May 2014

Entrepreneurship in small scale industries

In the organised sector India lags behind some of its new counterparts and the first world countries. Most of the people in the country have been looking for a secured job as the basic nature of people has been to avoid risk. Entrepreneurship involves opening up of new business settings or revitalising already established organisations to respond to any changes and demands in the market.

In the field of traditional art and craft, food industry or distant, obscure villages India finds huge potentials to open up business at small level. There has not been proper skill enhancement and incentives to optimally reap the natural and population dividends of the rural remote areas.

Agriculture being the backbone of rural areas has resulted in workers migrating in huge numbers to the urban areas. It has been observed that in both the cases population is remaining below poverty line.

The policy that has been designed for rural development has to take care of problems by giving occupation to the rural youth. As it has been seen, self help groups and rural markets have gained good amount of importance in the current scenario. Both non profit and profit organisations have been focussing on rural entrepreneurship.

Entrepreneurship through various means has become the ladder for the poor to help them not only economically but also mentally and socially, thereby taking charge of their overall well-being. Rural producers have sustainable market links which can facilitate in their participation to benefit globalisation and also develop capacity to maintain and enhance global quality standards.

Can computer make errors?

There are many sources of potential errors: wrong inputs, programming mistakes, undetected bugs in the compilers and hardware errors such as the random changing of bits in the computer’s memory. It should be clear why it is impossible to verify the correctness of this proof. We could perhaps check all the computer programs there are also the compilers and operating systems to reckon with, but how are we to guarantee the absence of built-in hardware errors or random errors during a run? As for trying to simulate the workings of the supercomputer by hand, the enormity of the task staggers the imagination: the actual search took more 2000 hours of computer time-at a rate of hundreds of millions of operations per second.

It is a simple but fundamental logical principle that from a false premise we can prove anything. If the four-color theorem is false but believing it true we use it to prove other theorems, one of these may contradict some well-established fact. Should no such contradiction ever happen, this would add weight to the computer result.

Surely the use of computers in proofs introduces an element of uncertainty new to mathematicians but not to experimental scientists. This seems a small price to pay for the use of such a marvelous tool. A central issue is the question of the length of proofs. The shortest proofs of some mathematical propositions are much too long for any human being to check in full. Admittedly, we do not know whether there are any important or interesting theorems in this category.

A computer assisted proof would be like the picture of a peak on some distant planet transmitted by a space probe. Our observer may reject this electronic image as unreliable, second-hand evidence. Real mathematicians are in a similar predicament when confronted with a proof by computer. They may postpone accepting the result until someone comes up with a shorter proof, a proof they could check themselves. But they realize that such a proof may be impossible. And so, if they reject the indirect evidence, they risk being cut off from a mathematical truth accessible only by non-traditional means.

Implications of research in the 21st century and building competencies

The drastic changes in the global environment aggravated by technological advancements in collecting data, its analysis and dissemination suggest that researchers need to enlarge their scope of capabilities in order to design, implement and interpret research in the 21st century. Since research efforts have been aligned to match with markets of high potential, researchers also need to enhance their capabilities and skills to conduct and define and design research in these crucial environments. Novel tools comprising of latest technology needs to be mastered and approaches that are creative to comprehend behaviour in varying cultural contexts developed.

For research to be comprehensive and result oriented to meet competition and keep pace with dynamic technology, few areas should be worked upon to like:

  •       Innovation capacity
  •       Environmental sustainability
  •       Adaptability and responsiveness
  •       Financial results
  •       Human capital
  •       Organisation capital


The ability to completely understand, interpret and integrate cultural complicated data from different sources and environments will also be significant so as to provide meaningful recommendations for the organisation’s global working strategy. Information needs have changed in both developing and developed countries. In industrialised countries established markets have become more geographically close as direct information flows and vertical links have been established between retailers, suppliers and customers. This has resulted into growing need to conduct research across national boundaries so as to recognise global or regional market segments. This could also be done to find out opportunities for integrating and for better coordination of strategies across the boundaries of the country. As business expands further and further cutting across national boundaries, the role of accurate, timely research in various fields becomes imperative.