Abstract:
This paper identifies the parameters that help in effective entrepreneurship. It identifies the competencies of entrepreneurs and their relationships with the business. In this paper, the various viewpoints of the entrepreneurs on growth, leadership and organization policy, contribution to the organisation diversifications, strategic resources etc. have been discussed. Leadership roles of an entrepreneur encompass inspiring subordinates, developing effective relationship, getting cooperation, emphasising core values and norms, mentoring, fostering team work and collaborative efforts, effective conflict resolutions etc. The data were gathered from Bharuch and Vallabh Vidyanagar small and medium industries. The paper also touches upon difference between the role of entrepreneur and corporate executives. It also indicates the strategy for developing entrepreneurship right at the initial stages of education and comes out with the business maturity model. The paper concludes with model of matured enterprise with innovative and value added economic activity with cultural base.
