Abstract:
Entrepreneurship, broadly defined, refers to the seeking, evaluation and exploitation of opportunities.
Entrepreneurs are fired by an inner desire to achieve a goal and are willing to experiment with messy methods
as well. Relegating entrepreneurship to the status of a mere factor of production takes away the creativity and
novelty of this entity. Though much has been written to categorise and define entrepreneurship, there are in
fact no hard and fast rules that the entrepreneurs should follow. We observe such creativity and hidden
rationalities in the functioning of young Mizo entrepreneurs in the north eastern state of Mizoram. During
my doctoral research and field survey that I conducted on Mizo entrepreneurs, I felt that there is a silent
youth revolution that is taking place there. Young Mizo boys and girls, most of them educated outside the
state are bringing back their knowledge to their home state and are beautifully blending these modern
practices in their traditional way of life and are coming up with more sustainable and successful business
models. My paper would highlight the novelty of these models and prove the point that entrepreneurship
development strategies and policies need to be contextual.
