Assistant Professor, Department of Business Administration, Yogi Vemana University, Kadapa, A.P., India.
Online published on 27 November, 2012.
Entrepreneurs are the backbone of any economy. By initiating new ventures, they not only produce various goods and services but also provide employment opportunities to many thereby accelerating the pace of economic development. The concept of “entrepreneur” and the “entrepreneurship” have gone through various stages before they came to signify the content being put into them now. The word “entrepreneur” is derived from the French verb “entreprendre” means to undertake. Entrepreneurship is equivalent to ‘entreprise’ which involves the willingness to assume risks in undertaking an economic activity, particularly a new one. There are various factors and determinants related to growth and development of small entrepreneurship in India. They are Socio-economic factors, Motivating factors and Growth factors. The socio-economic factors are form of ownership, age, education, caste and the economic status of the entrepreneur. The motivational factors include entrepreneurship motivation, motivation for starting up of business, training programmes and government assistance and schemes. Under growth factors, investment, government assistance, profit, sales and advertising. There is a positive impact of Globalisationa and Liberalisation on Entrepreneurship development in India. These difficulties may be multi-dimensional relating to small scale entrepreneurs are:
high prices of raw materials,
competition from small and MNCs,
ineffective consultancy service provided by the Government,
scarcity in raw material and labour and capial
shortage of transport facilities and
High rates of loan interests
The following recommendations are proposed to the growth and development of small scale entrepreneurship development in India
The SSIs can become more meaningful and more effective if the foundations of entrepreneurship are laid at the level of family and the educational institutions.
A good number of schemes and programmes launched by the State and Central Governments in India for entrepreneurship development.
For developing and inculcating entrepreneurial talent among the people, besides Entrepreneurial Development Programme (EDP), Government may use the media slogans like “Be an entrepreneur and serve the nation” and “Be the master and not the servant” and the like.
In order to deal with complaints of entrepreneurs the District Industries Centres and the Directorate of Industries have to appoint a specialized staff to operate these activities and to have quick results.
Entrepreneurship development programmes could be more pro active, broad based and of a continuous in nature.
Entreprendre, Growth factors, Motivating factors, MNCs and Socio-economic factors
