Small-scale enterprises with strong basics, is now caught up in winds of change which are ushering in a contemporary industrial culture, business ethics, resplendent the enterprise of a new generation. Small-scale enterprises have opened their frontiers by absorbing new technology to sharpen their artistic and deepening their creativity to be competitive in the global market.
Small-scale enterprise management has assumed grater importance in the post liberalization economy. The development of small-scale enterprises is generally believed to contribute substantially to employment creation and generation of income, particularly for low-income population groups. In Indian context, management of over 35 lakh small enterprise units is to great significance and importance in the wake of emerging global competitive economy.