Professional Documents
Culture Documents
Entrepreneurship
Ashish Kumar(05)
Sushil Mohan(33)
http://en.wikipedia.org/wiki/Entrepreneurship
F
A
C
T
O
R
S
Individual Fact…..
1- Desire to do some thing new
vNeed Achievement
vSocial Status
Individual Fact…..
Educational background:
J R S Tutorials
P
E
S
T
Political………….
It consists of Political and Legal factors both.
The countries like India has a greater impact of
these two.
Economical…………
From a strictly economic point of view, it can be
said that the same factors which promote
economic development, account for the
emergence of entrepreneurship also.
These are-
CAPITAL
LABOUR
RAW MATERIAL
MARKET
CAPITAL…………
Capital is one of the most important perquisite to establish the
enterprise. Availability of capital facilitates the Entrepreneur to
bring together the Land of one, Machine of another, and Raw
Material of yet another to combine them to produce goods.
http://www.nenonline.org/jsp/resources/resources.jsp
Labour………….
Availability of Labour
Quality rather than Quantity
Germany-1938
Japan-1945 USA-1950
www.bbchindi.com/editors/main/article
Raw Material……..
Market………
Customer’s prospect………….
Source:http://iie.gov.in/
TECHNOLOGICAL………
vAwareness of new Technology
vFore sight of new Technology
Queries???????????
Socio-cultural factors influencing
Entrepreneurship
Legitimacy of Entrepreneurship
Social Mobility
Marginality
Security
Family background
Religion
Social status
Legitimacy of Entrepreneurship
q Relevance of a system of norms and values within a socio-
cultural setting for the emergence of entrepreneurship.
q
q The opinion that the social mobility is crucial for
entrepreneurial emergence is not unanimous
q
q Some scholars have the view that a high degree of mobility is
conducive to entrepreneurship, in contrast there is another
group of scholars, think that a lack of mobility possibility
promotes entrepreneurship.
Marginality
q The term social marginality refers to a state of being excluded
from the social fabric and being treated as an outsider.
q
q
Security
q Several scholars have advocated entrepreneurial security as
an important facilitator of entrepreneurial behaviors
q
q No consensus on amount of security needed
q
q Peterson and Berger maintain that entrepreneurship is more
likely to emerge under tribulent condition than under
condition of equilibrium
Relatives, Friends and Teachers
q Risk taking ability of all those
q
q Confidence of all those on personnel
q
q Willingness of all those to help
Support systems for
entrepreneurship
q Informing businesses of the measures of the support systems
to entrepreneurship;