Many cultural communities in the country do not have the vision, confidence, self belief, persistence and expertise to establish cultural agencies which are capable of preserving, promoting and developing their indigenous cultures and position it as a central pillar of sustainable development.
The inclusion paradigm 4. The entrepreneurial paradigm According to this paradigm, the individual business owner or entrepreneur is the fundamental key to economic and job growth.
Competition will ensure a natural selection of viable economic activities.
However, rural SME policies assist the companies in acquiring the best possible access to skills, capital and labour so that they can achieve their potential and create development for themselves.
Policy measures also compensate for growth barriers and market failures resulting from long distances and low population density in rural areas.
In this way, the policies strive to create equality for the firms in the countryside relative to those located in more densely populated areas. Interventions build capacity in a way that complies with free will and utilises market forces as much as possible.
Governments should create favourable conditions without giving a particular priority to any specific economic activity or sub-sector.
Production decisions are left to individual enterprises. Forming adequate conditions for private initiatives include interventions from the following five categories: Many companies would welcome advice from competent consultants in fields such as marketing, finance, employment matters, and legal issues, among others, but are too busy to pursue such advice Hergesell et al, ; Liburd, ; Smallbone et al, There is some indication that small- and medium-sized enterprises do try to find long-term and trustful relations with consultants and other advisory services.
Raising capital for businesses in rural areas, for example attracting venture capital to business projects and expansions. SMEs tend to be more financially constrained than larger firms because of the lack of access to external financing, possibly also as a consequence of differences in risk evaluations loan-granting banks.
This category of measures also includes alternative financing opportunities, for example micro-credit, although this is most often used in developing countries. Backing projects with job creation potential and possible spin-offs in other economic sectors in rural areas are particularly recommended as a form of public support Hubbard and Gorton, Providing business start-up training in rural areas, including courses, counselling, and mentor programs, among others.
Due to long distances, start-up activities may be delivered in the forms of e-learning, e-mentoring and blended learning and may include consultation with public authorities through e-citizenship and e-government structures Tzikopoulos et al, Developing job and business-related qualifications by providing, for example, targeted training for employees and managers.
Competency programs may include the unemployed who through new qualifications may become employable in local businesses.
Again, training may be delivered in outreach facilities or in the form of e-learning, adapted to the situation of the local SMEs and the particular circumstances in the rural districts.
Providing guidance, matching and development activities related situations in which new generations need to take over a business.
Designing land use planning and zoning that accommodate the needs of SMEs and create attractive space for development. Selected zones may be supplied with subsidized rent or other privileges put in place to promote rapid development.
Planning also requires regulating the repurposing of agricultural buildings and other properties for which a change of use is needed. Further, governance measures dictate proper management of environmental standards and of infrastructure accessibility, and they take a proactive stance on the solution to any potential neighbour and land use disputes.
The full-day and half-day sessions have been designed to help people take their rough ideas for an enterprise through formal business planning, to strengthen their business case and to improve the chance of success.
The case shows that the SMEs benefit particularly from face-to-face contact with advisors and colleagues.The Institute of Rural Management Anand is India`s leading school in rural management committed to acting as the catalyst and facilitator of rural prosperity. The Chinese Economic Association (UK) is an independent, non-profit-making research association of scholars, researchers, students and business executives concerned with China's economic development.
Latest Issue of Focus from Institute for Research on Poverty highlights Papers from RUPRI Rural Poverty Conference. The October issue of Focus from the Institute for Research on Poverty at the University of Wisconsin highlights papers from the RUPRI “Rural .
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Box 1: Empowerment tools in Vital Rural Area. Establishing strategies and work plans are part of the pilot projects in the Vital Rural Area.
Resources are provided so that communities can develop selected projects and acquire expertise to ensure a feasible plan for the implementation.