Business policy of Pune auto‐component SMEs a case approach

Purpose – Auto‐components industry is a major subsector of automobile manufacturing sector and largest feeder industry that has put India on the global map for excellence and innovation. The purpose of this case study is undertaken to explore and understand the instruments adopted in designing and implementing the policies by Pune auto‐component small and medium enterprises (SMEs). Design/methodology/approach – The study used published literature and field survey for investigating policies designed and implemented by the SMEs in Pune. Survey was planned for statistical homogeneity on the basis of geography, class of ownership and the period of enquiry. Triangulation between methods, respondents, records and documents, was used to increase accuracy between sources. Structured questionnaire response has been analyzed by logical and statistical techniques to arrive at conclusions. One‐way analysis of variance was employed for statistical analysis to corroborate the findings. Findings – Pune SMEs have revealed the tri‐lateral instrument consisting of conceptualisation, formulation and outcome analysis as a basis for designing policies for business and further exposed bi‐lateral instrument, which uses grouping of core and complimentary approaches for effectively addressing the challenges in business, which extends to their accomplishment of continued existence and development. Originality/value – This paper will add value to the knowledge base of entrepreneurship and SMEs especially in auto‐components sector. Apart from this it will aid industrialists, entrepreneurs, consultants, and managers in managing SMEs, making better and informed decisions regarding the adoption of a tri‐lateral approach.