Abstract:
Food Industry in India is one of the prime sectors which is responsible to satisfy
community basic needs. The Government initiative during Lockdown 1.0 to
completely shut the restaurants has significantly affect the food industry. The food
processing industry of India accounts for 32 % of the country's total food market
leading to one of the largest industries in India. The food industry is ranked 5th in
terms of consumption, production, export and is one of the fastest growing Industry.
The manufacturers in this industry need to focus on adapting with the variability and
the changing needs of the consumers. As food products are perishable, seasonal and
bulky in nature therefore it requires lot of care to manage it properly. Sudden
lockdown leads to huge losses to this sector. As per the statistics Uttar Pradesh alone
constitutes (20%) in the production of the total food grains, sugar cane (36%),
potato (34%), livestock excluding cow (11%) and milk (17%), wheat (33%), lentil
(45%), vegetables (30%) in the country. There are approx. 2570 food manufacturing
units in Uttar Pradesh and therefore there is an utmost need to highlight the
importance of Intrapreneurs. As Intrapreneurs are the only people who can suggest
and devise strategies to survive in this Pandemic and post pandemic era. The
concept of intrapreneurship has its origin from North American business lexicon and
later this term is coined as fast-growing in the organizational development. The
intrapreneurship in an organization is important as it enables an unique competitive
advantage to the small and medium scale manufacturing enterprises. Risk Taking,
strategic renewal Innovation, and ventures are the main fields of the
intrapreneurship orientation which fosters organizational growth. It is however
important to understand the concept through employee’s perspective by
understanding their strategies to deal with this crisis and bring back the things to
normal. This research will highlight the need of intrapreneurs in SME’s and how
they will help the food manufacturing industries to cope up the incurred losses
especially Post COVID-19 era.
Description:
Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini