A Study of Entrepreneurial Ecosystem in Maharashtra Industri Development Corporation (MIDC) with special reference to Memon, Shabana A.
By: Memon, Shabana A
Material type:
ArticlePublisher: 2013Description: 357 - 367Subject(s): Stakeholders | Entrepreneurial Ecosystem | Smes | Small And Medium Enterprises | Entrepreneurship In The Sme Sector | Entrepreneurship | Tenth Biennial Conference On Entrepreneu | Biennial Conference Papers
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Tenth Biennial Conference on EntrepreneurshipSummary: Entrepreneurship has been embedded in the Indian genius and is a part of its tradition. Entrepreneurship plays an important role in the economic growth and development of a nation. It is a purposeful activity which helps in initiation, promotion and distribution of wealth and service. An entrepreneur is a critical factor in economic development and an integral part of the socio-economic transformation. According to the renowned economist T.N Srinivasan, 'India has been an entrepreneurial society, we have the entrepreneurial skill but suppressed it for too long a time and now it is thriving'. The entrepreneurial ecosystem is, the environment that fosters the emergence of new ventures, is an interconnected set of elements comprising risk takers, information brokers, resource providers, demand markets and enabling technologies that act together to form a virtuous cycle of wealth creation (Venkataraman, 2004). India can lead the way to develop global solutions that work on a very large scale. It just needs to put in place the culture, ecosystem and infrastructure needed to release the latent potential of its huge entrepreneurial pool of business people. In turn, India will not only...
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Ahmedabad (HO) | (Browse shelf) | Vol. , Issue. | Available | 019183 |
Entrepreneurship has been embedded in the Indian genius and is a part of its tradition. Entrepreneurship plays an important role in the economic growth and development of a nation. It is a purposeful activity which helps in initiation, promotion and distribution of wealth and service. An entrepreneur is a critical factor in economic development and an integral part of the socio-economic transformation. According to the renowned economist T.N Srinivasan, 'India has been an entrepreneurial society, we have the entrepreneurial skill but suppressed it for too long a time and now it is thriving'. The entrepreneurial ecosystem is, the environment that fosters the emergence of new ventures, is an interconnected set of elements comprising risk takers, information brokers, resource providers, demand markets and enabling technologies that act together to form a virtuous cycle of wealth creation (Venkataraman, 2004). India can lead the way to develop global solutions that work on a very large scale. It just needs to put in place the culture, ecosystem and infrastructure needed to release the latent potential of its huge entrepreneurial pool of business people. In turn, India will not only...
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