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18 February, 2022

The risks factors those can make an industry sick. How each factor accelerates the sickness? Or, Factor behind/responsible industrial sickness

 Answer One

The two categories factors are listed behind that accelerate the industry sickness are discussed below:

Internal risk factors:

1. Lack of Experience

2. Poor Management

3. Wrong feasibility / Uneconomic Plant size

4. Lack of working Capital


5. Obsolete technology

6. Faulty employee appointment

7. Non-cooperation among owners and employees

8. Marketing Problem

9. Dependence on single financial source

10.Irregular wage payment

11.Poor product quality

 

 

External risk factors:

1. Lack of working Capital

2. Political Unrest

3. Smuggling

4. Trade liberalization

5. Poor infrastructure

6. Global price fluctuate

7. Problems in loan disbursement (already sanctioned)

8. Bank control over machinery purchase

9. Natural calamities

10.Duty on raw materials /customs problems

11.Non-availability of raw materials

12.Lack of modern technology

13.Long project implementation period

14.Lack of demand for the product

15.High loan interest

 

 

Answer Two

[A. Internal risks factors

1. Lack of Finance: The weak equity, inefficient working capital, absence of costing

& pricing and budgeting, and so on will accelerate the industry sick.

2. Inefficient Production Policies: This includes wrong selection of site is related to production, lack of quality control and standard, research & development, etc.

3. Marketing factors: Inefficient planning and product mix, weak market research and sales promotions are force to industry sickness.

4. Improper Staffing: It includes bad wages and salary administration, bad labor relation, conflicts among the employees and workers.

5. Ineffective Corporate Management: It includes improper corporate planning, lack of coordination, control and integrity in top management, etc.

B. External risks factors

1. Personnel Constraint: Unskilled labor, wages disparity, general labor invested in the area will accelerate behind make a sickness.

2. Marketing Issues: The sickness arrives due to liberal licensing policies, changes in global marketing, excessive tax policies by govt. and market recession.

3. Production problem: This arises due to shortage of raw material and its high prices, shortage of power, import-export restrictions.

4. Financial Issues: The sickness arises due to credit restrains policy, delay in loan disbursement, unfavorable investments, etc.