Augmenting Entrepreneurship among the Privileged Class Gupta, Vikas.

By: Gupta, Vikas
Material type: ArticleArticlePublisher: 2005Subject(s): Managerial Issues | Operational Issues | Socio-Psychological Dimensions | Operational And Managerial Issues In Ent | Socio-Psychological Dimension Of Entrepr | Socio-Psychological Dimension Of Entrepr | Entrepreneurshipip Research | Sixth Biennial Conference On Advances An | Biennial Conference Papers In: Sixth Biennial Conference on Advances and Trends in Entrepre ResearchSummary: Entrepreneurship is crucial to build institutions to evolve and perfect the markets in the economy. This leads to job creation and greater competition giving rise to social and economical development of the country. The spread of management expertise in the economy plays an important role in encouraging entrepreneurship and facilitating the success rate of new ventures. There is a need to tap the talent available in the management stream so as to augment the entrepreneurship development in India. The paper formulates the policies in management education and financial sector to create an ideal incubation environment for young entrepreneurs. Institutional level initiatives have been prescribed, which can be adopted by the premiere management institutions to encourage their students to start their own ventures. The initiatives desired from financial sector are crucial for the success of initiatives by management institutions and also fits well with the strategy of financial institutions.
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Entrepreneurship is crucial to build institutions to evolve and perfect the markets in the economy. This leads to job creation and greater competition giving rise to social and economical development of the country. The spread of management expertise in the economy plays an important role in encouraging entrepreneurship and facilitating the success rate of new ventures. There is a need to tap the talent available in the management stream so as to augment the entrepreneurship development in India. The paper formulates the policies in management education and financial sector to create an ideal incubation environment for young entrepreneurs. Institutional level initiatives have been prescribed, which can be adopted by the premiere management institutions to encourage their students to start their own ventures. The initiatives desired from financial sector are crucial for the success of initiatives by management institutions and also fits well with the strategy of financial institutions.

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