Innovation and Small Scale Entrepreneurship in Madurai Distr Tamilnadu Mohan, R.
By: Mohan, R
Material type:
ArticlePublisher: 1998Subject(s): Tamilnadu | Madurai District | Small Scale Entrepreneurship | Innovation | Smes | Small And Medium Enterprises | Technological Choices | Technology | Technological Choices And Innovations Am | Entrepreneurship Research | Entrepreneurshiprch | Third National Seminar On Current Trends | Biennial Conference Papers
In:
Third National Seminar on Current Trends in EntrepreneurshipSummary: The relative importance of land declined with the shift from agriculture towards manufacturing sector in economic development. During the process of industrialisation, labour and capital came to be treated as potent factors. The technological changes began to assume importance over capital in the subsequent period. The development of basic infrastructure having been largely achieved, began to yield place to consumer industries of a wide variety (Hanumantha Rao). Of late, labour and capital have minor significance compared to innovation and equally importantly imitation, both of which are the primary functions of the entrepreneur, the central factor in the development process. Innovation is a range of decisions that an entrepreneur must be capable of making. The innovation- prone entrepreneur has open-mindedness with respect to new ideas. Vallalaar a religious man in Tamil Nadu expressed three requirements to attain a leadership position: Be inquisitive, be different from others, and be alert to opportunity. These are applicable to the entrepreneur who wishes to be an innovator. Innovation covers technological advances in production processes as well as the introduction of...
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Ahmedabad (HO) | (Browse shelf) | Vol. , Issue. | Available | 019829 |
The relative importance of land declined with the shift from agriculture towards manufacturing sector in economic development. During the process of industrialisation, labour and capital came to be treated as potent factors. The technological changes began to assume importance over capital in the subsequent period. The development of basic infrastructure having been largely achieved, began to yield place to consumer industries of a wide variety (Hanumantha Rao). Of late, labour and capital have minor significance compared to innovation and equally importantly imitation, both of which are the primary functions of the entrepreneur, the central factor in the development process. Innovation is a range of decisions that an entrepreneur must be capable of making. The innovation- prone entrepreneur has open-mindedness with respect to new ideas. Vallalaar a religious man in Tamil Nadu expressed three requirements to attain a leadership position: Be inquisitive, be different from others, and be alert to opportunity. These are applicable to the entrepreneur who wishes to be an innovator. Innovation covers technological advances in production processes as well as the introduction of...
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