Professional paper
One Person Company (OPC) - The new business format for small retailers in India
M. B. C. Dorathy
orcid.org/0000-0002-9372-0087
; AMET Business School, AMET University, India
Abstract
The retail sector in India is undergoing transformation due to the changing lifestyle of people. The sector is generally characterised by small retailers who conduct business in a traditional manner. But recently there has been a shift towards modern retailing, since education and exposure to contemporary trends have made the Indian consumer look for more professionalism in shopping. This has prompted many corporations (both Indian and foreign) to enter into this sector with the modern retail formats, such as supermarkets, department stores, shopping malls etc. This trend towards organized retailing can be a threat for small retailers. This article discusses One Person Company concept as a strategy to develop small retail businesses in terms of their corporate status.
Keywords
legal forms of business; entrepreneurship; retailing; India
Hrčak ID:
141615
URI
Publication date:
30.6.2015.
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