Impact of Liberalization, Privatization and Globalization on SMEs in Karnataka

Dr. Ali Akbar Kadivar; Leila Bastani

Volume : V, Issue : III, March - 2016

Impact of Liberalization, Privatization and Globalization on SMEs in Karnataka

Dr. Ali Akbar Kadivar, Leila Bastani

Abstract :

Liberalizations Privatization and Globalization are continuing trend in many parts of the world. Liberalization, privatization and globalization together have changed the Indian marketing operations. The Indian economy embarked its journey on LPG with adoption of new economic policy in 1991.The movement of globalization is persisting and continuing. It is no longer a choice; it is a fact. It is spreading its arms everywhere and the developed nations are using it as a means to control world economy. Few researcher�s label it as yet another form of economic colonialism.In this background, the present study made an attempt to analyze the influence of LPG policies on the performance of entrepreneurship among SMEs. The present study is based on primary and secondary data. The study shows that the influence of LPG policies on the performance of entrepreneurship among SMEs was studied through correlation. In correlation, the scores on variables like innovativeness, pro-activeness, autonomy, competitive aggressiveness, and total entrepreneurship scores, total SMEs performance, sales growth, customer satisfaction, market share and profitability when increased, scores on LPG policies also increased linearly and significantly.