Training Programme on "Business Governance - Key to Progress" by V.V. Singh
on 22nd June, 2007 at CII Central Office, Delhi.

BRIEF-UP
The Programme started with the welcome address by BYST Delhi core team member.

The programme commenced with introducing resource person to the participants. Then participants provided a brief introduction about their respective businesses and area of working. Mr. V V Singh-very senior entrepreneur (MBA qualified) was the resource person for the training programme and he had a long experience of business to share with the participants. He individually interacted with all the participants. After getting the feedback from all the participants about their businesses he began discussion on introduction of the topic i.e. Business Governance and its importance in small business.

He explained that it is one of the challenges of owning a medium-sized business and that it truly can be lonely at the top. Yet the majority of closely held business has not adopted effective Business Governance mechanisms. Frequently, even in subsidiaries of public companies, or companies owned by buyout or private equity funds, that have attempted to organise a board of directors or an advisory board, there are significant deficiencies in the business governance mechanisms.

Effective Business Governance involves assembling a trusted advisory team, which will participate in the periodic evaluation of a venture's strategic positioning, the strength of its worker and the quality of its operating results. It also involves periodic evaluation of business reinvestment risks or opportunities, successions management plans, owner wealth transfer plans and exit strategies.

Most of small business does not generate annual value growth progress reports that isolate annual value growth creation contributions. Such reports are often critically needed to facilitate compensation structuring for key employees. They help establish and more clearly define the basis for a value-based pay system, which is often a key link for improving future business performance.

Needs for the training programme - As per discussion with the entrepreneurs following topic were emerges for future training's topic

  • Accounts keeping
  • Entrepreneur Directory
  • Marketing
  • Sales
  • Business management
  • Finance Management
  • Special business programme
  • Import /export
  • Market pricing
  • BYST's expansion plan and different loan schemes in future
  • Customer Keeping
  • More meeting of ent.
  • How to participate in different exhibition

All the participant gained very useful information about Business Governance in practically and interacted with each other.

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