A Participatory Systems Mapping (PSM) based approach towards analysis of business sustainability of rural Indian milk dairies

Kamath, Vasanth and Biju, Seena and Kamath, Giridhar B (2019) A Participatory Systems Mapping (PSM) based approach towards analysis of business sustainability of rural Indian milk dairies. Cogent Economics and Finance, 7. pp. 1309-1322. ISSN 2332-2039

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Abstract

Drawing from the theories of Participatory Systems Mapping (PSM) this study presents an approach to analysing the business sustainability of entrepreneurial dairy ventures in India. The article begins with a general introduction to the small and medium scale dairy ventures in rural India, highlighting the prominent issues and challenges faced by the stakeholders. The second part demonstrates the use of the PSM framework in developing the Stock and flow diagram (SFD). Further, data from a local milk dairy is collected, and simulations are carried out between 2017–2025 using Vensim®. The outputs are analysed, and inferences are made. This study is expected to enable the policy makers towards the development of sustainable strategies for dairy businesses in general and enable the entrepreneur to analyse the future trends of the potential strategies under his consideration

Item Type: Article
Uncontrolled Keywords: Participatory Systems Mapping; entrepreneurship; milk dairy; system dynamics; simulations
Subjects: Engineering > MIT Manipal > Humanities and Management
Depositing User: MIT Library
Date Deposited: 12 Jun 2019 11:04
Last Modified: 12 Jun 2019 11:04
URI: http://eprints.manipal.edu/id/eprint/153952

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