Jaian Cuttari - Understanding Small & Mid-size Enterprise (SME)

 Small and mid-size enterprises (SMEs) are firms that uphold earnings, acquisitions, or a numeral of workers below a specific threshold. Each nation has its description of what comprises a small and medium-sized enterprise (SME). According to Jaian Cuttari, specific size standards must be satisfied, and sometimes the enterprise in which the business works is carried into account as well.

Though small in size, small and mid-size enterprises (SMEs) recreate an essential function in the thrift. They outnumber enormous corporations extensively, utilize vast numbers of individuals, and are typically entrepreneurial in nature, enabling them to shape invention.

Prospects and Responsibilities

The very requirement for the demarcation of SMEs derived from the need for title and advancement of these companies. With their sound identification and the outcome of an accurate national database of such companies, the facilities for the requirement of loans tailored to the essentials and provisions of this sector could be efficiently refined without the concern of leakage. Therefore, this has provided credit firms the capacity to make loan advancements without worries.

Why do SMEs fail?

Beginning as an entrepreneur is not without its challenges, and there are numerous reasons why an unexplored industry might not be prosperous. For instance:

Driving out of money

A big risk for any business is falling to balance the money arriving in and the money going out. 

Lack of experience

While you’ll probably be very sound at making and marketing your products, or delivering a wonderful service, as a business owner you likewise need to be good at everything from management and marketing to HR and finance. 

According to Jaian Cuttari, near the world, small to medium-sized businesses make up a substantial share of the total number of global companies. It is necessary to determine that while there are similarities, each nation – as well as the enterprises and sectors within them – may embrace diverse meanings for an SME.

How Does Production Management Work? -Jaian Cuttari

 Production management, also known as operations management, involves planning and controlling industrial processes so that they run smoothly at the required speed. Jaian Cuttari points out that production management is employed in the manufacturing and service industries. The responsibilities are similar to those of marketing, human resource management, and financial management. A production manager is responsible for product and process design, capacity planning, and quality control, as well as employee organization and supervision.

It consists of general principles for facility design, job design, schedule design, quality control, inventory control, work-study, as well as budget and cost control. In this definition, production management is defined as the application of its principles to the areas of an enterprise. It is clear from this definition that production management is not a set of techniques.

Moreover, the production manager must choose the machines and methods of the company, choose the equipment and technology to be used for manufacturing the product or service, then plan and control the processes and procedures for their use. This phase of production management emphasizes the need for a flexible production process and the ability of workers to adapt to equipment and schedules.

Additionally, it is very difficult to formulate a single, adequate definition of Production Management, since Marketing, Finance, and Personnel Management are all a part of it.

Production managers are responsible for the management of flow processes - both physical and informational. The process and product design heavily influence the movement of resources and data.

According to Jaian Cuttari, finance and asset utilization are crucial to most manufacturing companies, which explains the manager's concern for money. Whenever a manager allows excessive inventories to build up, or achieves level production and steady operation by sacrificing customer service and timely delivery, he is at risk of losing any temporary competitive advantage.

Type of Blockchain Business Models explained by Jaian Cuttari

 A business model represents a technique or plan of a business to sell a product and make a profit from there. According to Jaian Cuttari, each business will make its way of conducting cooperation. However, there is a centralized model with owners or the shareholders, the association, the clients, and the employees.

A blockchain business model has all three main aspects of blockchain technology: it is decentralized, based on peer-to-peer transactions, within an authorized and reliable network.

The blockchain core alters the method a business works in areas such as the gush of transactions, evolution of entities, gains, and assuring that evolution is maintained during the evolution. These industry models ultimately help to enhance businesses and benefit end-users.

P2P Blockchain Business Model

Blockchain technology is a peer-to-peer technology, which allows end-users to exchange data between themselves. Tokens, BaaS, transaction fees, and other methods can utilize to make profits here. By providing a platform for data storage and sharing, Filecoin and IPFS are popular examples of this business model.

Blockchain as a Service Business Model (BaaS)

Blockchain technology and the ecosystem can be pretty intimidating for people in general. Nevertheless, this Blockchain-as-a-Service (BaaS) business model permits the clients to outsource all the backend structures and focus only on the frontend.

BaaS companies typically offer services such as user authentication, database management, remote updating, push notifications, cloud storage, and hosting. In this case, the end-users are usually not individuals, but businesses and organizations. As a result, they can experiment, test, and conduct research without worrying about how blockchain works or hardware infrastructure.

Token Economy – Utility Token Business Model

Tokens, which facilitate network activities, provide the functionality to businesses via the utility toke business model. The utility token business model is used by many startups, companies, and e-commerce websites today. Accordion to Jaian Cuttari, there are three important properties of the token utility: role, feature, and purpose.

Blockchain business models can be a combination of ideas, and there is no hard rule on how each and every one should operate. At the end of the day, selecting the right one will just depend on the nature and objectives of the business.

Jaian Cuttari-What are the features of the electronic business?

E-business is a widespread term that contains all forms of utilizing digital data and communication technologies to sustain and optimize business operations. In distinction, e-commerce represents only the online trading of products and services. According to Jaian Cuttari, the most critical part of electronic business is “electronic value creation” – the generation of electronically counted worth.

The forms of electronic added value are generally characterized in the following way:

Structuring value: an online proposal reaches an overview of a big amount of data.

Selection value: an online offer delivers a particular database statement upon demand.

Matching value: an online proposal creates it feasible to incorporate questions from suppliers and buyers more efficiently.

The core elements of e-business are information, communication, and marketing. Business associates utilize digital networks to operate business functions using creative technologies to improve efficiency. Three essential areas are extremely essential for e-business:

E-procurement: the electronic sourcing of products and benefits by businesses, concentrated on lowering prices and effort.

Online stores: the electronic sale of products and services via suitable platforms, such as online stores.

Online marketplaces: electronic commerce connects the customers and suppliers of products and services.

There are also two additional areas of e-business:

Online communities: electronic communication network between people and company, which supports information and knowledge sharing as well as the preparation of marketing judgments.

Online companies: electronic business collaboration for connecting private business services, resulting in a digital business with a standard marketing proposal.

To completely know the idea of e-business, you must first learn the connection between e-business and the net economy and know who the regular market participants are in the industry.

Net economy and e-business

The scope of e-business is defined by the net economy. This guides the retail benefit of digital data networks for managing information, contact, and transaction methods via different platforms.

Market participants in e-business

According to  Jaian Cuttari, E-business can take place between a considerable number of market participants: between businesses and consumers, different private people, public administrations, and other institutions such as NGOs.