Max Weber’s Theory of Social Change: Max Weber supported a sociological explanation for the development of entrepreneurship in his social change theory. He felt that religion had a profound impact on the development of entrepreneurship. Religious beliefs and ethical values associated with the community play an important role in determining Read more…
Women Entrepreneurship: Women Entrepreneurship is about women starting a business, gathering all the resources, taking risks, facing challenges, providing employment to others and managing the business independently. About 1/3 of entrepreneurs in the world are women entrepreneurs. According to the definition provided by the Government of India: 51% of the Read more…
Social factors: Social factors can go a long way in promoting entrepreneurship. It was a very supportive community that actually turned the Industrial Revolution into a massive success in Europe. It can severely impact entrepreneurial behavior that contributes to the growth of entrepreneurship. The social structure in which people develop Read more…
Economic factors of entrepreneurship in India: Economic factors: The economic environment exerts the most direct and immediate influence on entrepreneurship. This is likely because people become entrepreneurs because of the need when there are no other jobs or opportunities. The economic factors that affect the growth of entrepreneurship in India Read more…
Causes of the slow growth of entrepreneurship development in India: Entrepreneurship development happened only in the early nineteenth century and although the basis for industrialization had been established a century ago. The following were the main reasons who could be responsible for the lack of initiative and entrepreneurial spirit among Read more…
The Emergence of Indian Industry: During earlier times, the prosperity of the Indian industry attracted communities across borders. Strategies adopted by Mughals and Turks: Turk Mughals settled in India and shared prosperity. They bought money with them and interrupted the barter system. British strategy: British wanted to unload the surplus Read more…
Difference Between Entrepreneur And Intrapreneur: The main difference between an entrepreneur and an intrapreneur is that intrapreneur is an employee, and an entrepreneur is an independent and chief operating officer. In other words, the difference between an entrepreneur and intrapreneur is that an entrepreneur refers to a person who starts Read more…
Barriers to entrepreneurship: Below are the points discussed for the barriers of entrepreneurship 1. Environmental barriers: Raw material: Non-availability of raw materials required for production during the peak season. This leads to an increase in the price of raw materials due to competition. Labor: 1. Shortage of skilled labor 2. Read more…
The need for entrepreneurs for a country’s economy: • LifeLine of Any Country: When Entrepreneurs Contribute to Business Measuring the Growth of a Country, Its Means the Progress of a Country. • Source of Innovation: Entrepreneurs innovate new ideas, improve existing products or services, and open up the possibilities of new markets. Read more…
The process of entrepreneurship: Below we have discussed the process of entrepreneurship:- • Identify an Opportunity: An entrepreneur realizes opportunities and displays the market because they are creative, open to new ideas and looking for challenges. They do not meet or effectively handle the needs, wants problems and challenges. Because their Read more…