Approaches and strategies of Pune auto component SMEs for excellence

Purpose – This study aims to identify the approaches and strategies adopted by Pune auto-component small and medium enterprises (SMEs) to achieve excellence with an in-depth literature review and deep observation. SMEs’ contribution is acknowledged worldwide. Auto-component SMEs, a major sub-sector and largest feeder of automobile manufacturing, have placed India on the global map for excellence and innovation. Like the corporate, SMEs have also started adopting integrated approaches and strategies to face the competitive world, yet incidences of unproductive SMEs are rising. Business breakdown is attributed to capital deficiency and incompetent usage. Amidst this, Pune auto-component SMEs are thriving well. Design/methodology/approach – This paper presents an in-depth literature review and deep observation. Findings – Findings include identifying the approaches and strategies adopted by Pune auto-component SMEs to achieve excellence. Originality/value – This paper identified the approaches and strategies for achieving excellence and the basis of innovation in SMEs.