mphil presentation soumya sharma

7/29/2019 MPhil Presentation Soumya Sharma

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MOTIVATIONAL FACTORS

FOR

ENTREPRENEURSHIP IN CHHATTISGARH

THINK BEYOND JOB

SOUMYA SHARMAM Phil MANAGEMENT

Dr. C.V Raman University, Kota, Bilaspur

Chhattisgarh.


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21st century will be

knowledge century ofinnovation, enterprise,

entrepreneurship whereIndian core competencies

will be honed up

M S Swaminath


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DefinitionEntrepreneurship is the professional application of

Knowledge, skills and competencies and/or of

monetizing a new idea, by an individual or a set ofpeople by launching an enterprise de novo or

diversifying from an existing one (distinct from seeking

self employment as in a profession or trade), thus to

pursue growth while generating wealth, employment andsocial good.


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What Motivates Entrepreneurship ?

There are varied approaches to understanding why

some individuals decide to venture into

entrepreneurship and, thereby, break through

traditional ways of doing things. Notwithstanding

numerous studies on entrepreneurial traits, there are

no well-defined psychological attitudes or profiles

that describe all entrepreneurs or characteristics to

which entrepreneurs generally conform. There is no

ideal profile. Entrepreneurs can be gregarious ortaciturn, analytical or intuitive, cautious or daring.


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Some theoretical explanations of what motivates

entrepreneurs include the following:

The Achievement Orientation or the desire to achieve purely for

the sake of achievement alone.

The interrelation between religion, norms, values, behavior and the

economy in a particular epoch.

The ability to comprehend opportunity, i.e. to reinterpret the

meaning of things, fit them together in new ways and see whatothers may have missed, such as an unsatisfied demand.

The capacity to sustain a high degree of interest in the

advancement and technological development of the industrial

process and in the improvement in the scale of industrial

operations. The ability to make the best of what one has, in order to get what

one needs, i.e. the capacity to innovate in figuring out the best

ways to reach the market with minimum expenditure of time, effort

and money.


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Aim of Research

To find the factors that motivates entrepreneurship,

which would encourage new entrepreneurs in

Chhattisgarh and helps in minimising the obstacles

to become entrepreneur.


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Objectives of Research

To find out governments endeavour towards

entrepreneurship in Chhattisgarh.

To find the opportunities for new entrepreneurs in

Chhattisgarh.

To find the obstacles in the way of new

entrepreneurs.

To find ways and means which would encourage

entrepreneurial attitude in youths.


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Research Methodology

The methodology which we will adopt in this research

is on one-on-one interviews with a sample size of

entrepreneurs from diverse backgrounds, in selected

cities across Chhattisgarh, as well as collecting

information from consultations with other relevant

stakeholders in the entrepreneurial ecosystem (such

as educational institutions, incubation centres, the

financial community, chambers of commerce,entrepreneurial associations etc.) across the state.


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Entrepreneurial

Roadmap

Professional

Entrepreneur

Industrialist/Business


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Roadblocks of

Entrepreneurship

Societal non acceptance

Risk free life

Responsibility

Job orientation

Lack of awareness


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What leads to

Entrepreneurship ?Innovation

Innate Talent

Ideas leading to timely business development

Risk taking ability

Capability to network

Willingness to work hard


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Gains Of

Entrepreneurship

Wealth creation

Wealth distribution

Societal respect & development

Appreciation

Satisfaction


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