ROLE OF NEW AGE ENTREPRENEURS IN SHAPING INDIA
Submitted by
SHASHANK S SHENOY,
PGDM, MATS Institute of Management & Entrepreneurship, Bangalore Email: mime.12.shashanksshenoy@gmail.com
SUMANLATA SINHA,
PGDM, MATS Institute of Management & Entrepreneurship, Bangalore
Email: mime.12.sumanlata@gmail.com
MATS Institute of Management & Entrepreneurship
(Approved by AICTE, New Delhi)
Jakkasandra Post, Kanakapura Taluk, Ramanagara Dist - 562112, Karnataka
Academic Year 2012 - 2013
Role of new age entrepreneurs in shaping India
ABSTRACT
Entrepreneurship, this indeed emphasises innovativeness. The act and art of undertaking innovations, starting up new firms to transform innovations into economic goods defines an entrepreneur. Entrepreneurship education for the new age is very necessary as India has a huge population, within it, a swelling number of young people. Hence shaping them in a better way would certainly help the economic status of the country in a very efficient manner.
It is very easy to be lured by the promise of entrepreneurship and becoming one's own boss. Choosing the product or service to provide may seems to be one of the greatest challenges. But this an important factor to be considered and factors related to this are complex enough to be ignored. Market potential, financial resources, one's skills and resources are to be taken into mind.
Shaping new age entrepreneurs is very essential as it improves the economy of the country. Entrepreneurship has to be encouraged among the younger generation, they have to be told about the benefits of becoming an entrepreneur.
INTRODUCTION
What actually does Entrepreneurship mean? It all began in 1700s and evolved ever since. Even though many economists believe that it isn't just starting one's own business, many simply equate it to the same.
An entrepreneur according to few economists is one who is willing to bear the risk of a new venture if there