mphil presentation soumya sharma
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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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