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

Bu hikaye SME World dergisinin May 2021 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye SME World dergisinin May 2021 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

SME WORLD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Important Things To Know Before You Start Trading In Stock Market
SME World

Important Things To Know Before You Start Trading In Stock Market

Given the uncertainty around the stock market, trading in shares can be a terrifying thought. At the same time, investing in the stock market indeed comes with a risk, but it is also an efficient way to build wealth if done in a disciplined manner. Several failure stories grip the market, but the commonality in all these stories is the uninformed decision-making process. People who understand the market will never face heavy losses. Therefore, before you start your trading journey in the stock market, here are some essential things you must know.

time-read
4 dak  |
November 2021
Your Mental State Determines Health And Growth Of Your Business
SME World

Your Mental State Determines Health And Growth Of Your Business

Don't we all wish to be in full control of our mental state? The brain continuously sends signals to our consciousness that affects how we behave and react. And so, it's important for entrepreneurs to understand this because it has a direct impact on the growth of their business. Entrepreneurs have to take care of their mental state every day to get sustainable results.

time-read
4 dak  |
November 2021
Life Insurance Claims: Five Mistakes to Avoid
SME World

Life Insurance Claims: Five Mistakes to Avoid

The utmost importance of having life insurance plan has been more clearly evident than ever before, owing to the pandemic. With the unexpectedly high death rates in the past year, the pandemic has conveyed the message that life is unpredictable, so making the right choices is always ideal. One such right choice for yourself is an optimum life insurance plan that can cover your family's needs in your absence or can even be a great financial support post your retirement age.

time-read
3 dak  |
November 2021
Anti Aging Foods to Keep You Lively & Going
SME World

Anti Aging Foods to Keep You Lively & Going

Ever since life began Every living being from the tiniest organism to the largest creature is genetically coded to live longer, thrive and flourish. Our DNA is genetically wired to adapt to the most hostile environment and we are programmed to survive. If this genetic coding is hard wired into our systems:why then in this modern age do our bodies appear to be ageing faster than our chronological age?why are we afflicted with constant metabolic syndromes; why is old age becoming so torturous with unending visits to the hospital? It seems as though all the myriad colours that life has to offer have become limited to the colours present in our pillbox.

time-read
5 dak  |
November 2021
Your Music Guru is now a click away Digital Platform with Potential to be Global Brand
SME World

Your Music Guru is now a click away Digital Platform with Potential to be Global Brand

Muzigal is an online music learning platform connecting teachers and students. Founded by Dr. Lakshminarayana Yeluri, Muzigal is set up with an aim to democratize music education by connecting the huge untapped music teaching talent across the world with millions of aspiring learners limited by geographic boundaries.

time-read
7 dak  |
November 2021
In-vehicle Infotainment Market Set for Big Growth
SME World

In-vehicle Infotainment Market Set for Big Growth

Kulshrestha is an experienced executive with a demonstrated performance in consumer electronics industry, insurance sector and manufacturing industry. His major skill sets include company management, business planning, business alliances, new business development, and marketing management, market planning market analysis, strategic partnerships and pricing strategy. A strong business development professional with an educational qualification focused in risk management and IT from BIMTECH, he has a rich work experience of 24 years history in various leading brands. Some of the leading companies he has worked with are Carrion Aircon Ltd., ICICI Prudential Life Insurance, LG Electronics India, Electrolux, OSRAM and currently in Pioneer India Electronics. Mr Gaurav also has an expertise in Philately, Photography and Numismatics.

time-read
5 dak  |
November 2021
How Next Level Digital Technology will Transform Businesses
SME World

How Next Level Digital Technology will Transform Businesses

When the Covid-19 pandemic hit, going digital became the only way out for companies looking to keep doing business as usual. However, the truth is that digital transformation has been gathering pace for several years and was pushed over the tipping point by the pandemic. Now, as the world adjusts to the 'new normal, businesses are treating digital transformation as not just a stop-gap measure but as a strategic tool to evolve, scale and adopt agile practices. Here, we examine the many positive impacts of a systematic move to digital and how software companies have been successfully making the shift.

time-read
3 dak  |
November 2021
Digitalization will Make Diagnosis Accessible by Commoners in Remote Areas: Dr Anjeli Misra
SME World

Digitalization will Make Diagnosis Accessible by Commoners in Remote Areas: Dr Anjeli Misra

Dr. Angeli Misra is Director, DLifeline Laboratory, an advanced pathology laboratories of Delhi-NCR region. She brings with her an enormous experience of technical and service expertise spanning over 34 years in clinical pathology and 26 years as chief administrator and torchbearer in raising Lifeline Laboratory to meet the highest international standards. She has exhibited exceptional proficiency in Histopathology, Cytology, Microbiology, Biochemistry, Immunology, Oncology, and Hematology & Clinical Pathology.

time-read
4 dak  |
November 2021
Banks Need to Invest in Digitisation to Better Serve SMEs
SME World

Banks Need to Invest in Digitisation to Better Serve SMEs

If a person from the 1980s was somehow transported to present day, a lot about the world would astonish and amaze them. Our current era is nothing like the future that was imagined in popular culture at the time — there are no flying cars, we do not have the ability to teleport, and, sadly, as the last 22months have demonstrated, we still haves ignificant improvements to make when itcomes to healthcare and social equality. One thing, however, that this time traveller would not find surprising at all is the decision-making process used by banks when a small or medium-sized business applies for a loan.

time-read
4 dak  |
November 2021
5 Must Have Tech Innovations for Small Businesses to Boost Productivity & Profits
SME World

5 Must Have Tech Innovations for Small Businesses to Boost Productivity & Profits

Leveraged Technology

time-read
4 dak  |
November 2021