Online published on 17 October, 2012.
The unprecedented growth in Indian manufacturing as well as other sectors has pushed the Indian economy on a growth path. To grow further, there is a strong need for reorganization of few elements such as, appropriate financial policies, international trade policies and business incubation. These can provide an additional support in terms of increase in business activity or international exposure. However, the benefit of these changes may not directly reach the small scale and tiny entities. The large and medium scale entities absorb the benefits as they have sectoral lobbies in the government. Therefore, to nurture the small and tiny industries becomes a job of their respective owners i.e. ‘Entrepreneurs’. The ‘entrepreneurial management‘ is therefore needed to be considered a specialized branch of business management.
