This paper analyzes the perceptions of the employer on how job fit is fresh business school graduates in the Indian business scenario. The responses of employers on skills considered in the recruitment of management graduates, matching to their business profile as well as job profiles, were compared with the actual skill set of fresh MBAs inducted from the higher education sector. This study also investigated the level of importance of skills required by a new business graduate from the employer's expectations of different sectors. A 'skill gap' between actual and expected was identified from these findings and its impact will be an eye opener for Business education programs. This is a working paper based on classification of employability skills based on Holland's Job-fit theory. The study reveals that there is substantial dissatisfaction with the quality of business graduates in the practical level. The survey said 86 percent of employers concurred that MBA-hires doesn't create much value for their companies in their first few years of their career stage. This confirms the finding that the skill set of fresh managers is inadequate. There will be drastic changes in the Job market and the need of the skill sets may vary again and again. The results of this study make a valuable contribution to the field of career development/guidance, individual students of business studies, employers, and higher education institutions.

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Informal enterprises have a vital role in developing countries in generating employment for unskilled and as an extension of supply chain of resources where formal enterprises cannot operate viably. They are unable to access formal financial resources due to the liability of smallness and information asymmetry. Yet, they sustain in the highly competitive market and co-exist with large retailers. There is a literature gap exists to explain how informal enterprises use Resource Bootstrapping and Bricolage to overcome resource constrains and to meld available resources to a unique set competencies. The two parameters used to compare the performance of the retail shops are 'Revenue-Expense Ratio (RER) and 'Return on Investment (ROI)'. It is found that informal shops perform at par with large shops though the RBB strategies used by them are different. The informal enterprises will become formal once they gain competencies to grow beyond the set limits for registration.

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