Entrepreneurship Crucial Driver for Creation of SMEs
SME World|May 2021
'Entrepreneurship' has been considered as a crucial driver for the creation of SMEs leading to economic growth and development, driving employment and innovation, for developed as well as developing countries. This importance of entrepreneurship has abided deep pursuit towards understanding factors driving and shaping entrepreneurial activities.
- Dr. Manoj Joshi and Dr. Ashok Kumar
Entrepreneurship Crucial Driver for Creation of SMEs

The extended works on Entrepreneurship theory and practice are interesting to connect with. While an entrepreneur is the main incumbent, the newly formed enterprise, undergoes a journey commonly known as entrepreneurship. Small and Medium Enterprises (SMEs) are the backbone of any nation's economy and that entrepreneurship has a key position towards building and managing SMEs. Like any other enterprise, the world of SMEs is embedded with Volatility, Uncertainty, Complexity, and Ambiguity (VUCA). It is both within the firm termed as endogenous and outside known as exogenous. Based on research we can state that if the opportunities are an outcome of few government policies, market changes, etc., the individuality and traits with a preference of a risk-reward profiled individual, emerges as an entrepreneur. The demand side inherits the newer market opportunities, while certain endowments lead to the supply side in the form of an entrepreneur to keep the market equilibrium. Covid19 pandemic is a recent example with a surge of newer ideas and opportunities, leading to the creation of newer micro and small enterprises globally.

The genesis

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この蚘事は SME World の May 2021 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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