Abstract of Doctoral Dissertations

INDIA HAS A wide spectrum of industries extending from the organizedlarge and medium scale units to small scale units. The textile industryoccupies a unique position as a self reliant industry in India, from theproduction of raw materials to the delivery of finished products withsubstantial value-addition at each stage of processing. The modern textileindustry took birth in India in 1817 when first textile mill was set up inKolkata called Bowreah Mill. Later on Mumbai and Ahmadabad havedeveloped as major textile producing centres in India. After theindependence, the Government of India adopted a policy to give protectionto handloom sector thereby putting restrictions on mill sector. The postindependence period has not been very encouraging for the organized millsector. As a result a number of mills incurred losses, were either closed orwere on the verge of closure. The Government decided to nationalize, closedor weak mills by passing the National Textile Corporation Act, 1967.All businesses grow in cycles and routinely experience periods ofchange. The first three stages of Start up, Growth, and Maturity requiresentrepreneurial management. The company when reaches peak positionwill go into the decline phase if it continues to follow the same strategy.Because environmental conditions always change, some competitors will come out with improved products at most competitive cost. This will ultimately phase out the company’s product. The company may go into liquidation (Figure 1).