Summary on Entrepreneurship Development Strategies

Lear
ningOut
come

 Tost
udydi
ff
erentsegment
sofent
repr
eneur
ial
env
ironment
 Toanal
yset
heenv
ironment




I
ntr
oduct
ion

 Ent
repr
eneur
shi
p env
ironmentr
efer
stot
he v
ari
ous si
des wi
thi
n
whi
chent
erpr
ises-bi
g,medi
um,
smal
landot
herhav
etooper
ate.
 Theenv
ironmentt
her
efor
e,i
nfl
uencest
heent
erpr
ise.Byandl
arge,
an
env
ironmentcr
eat
edbypol
it
ical
,soci
al,economi
c,nat
ional
,legal
f
orces,
etci
nfl
uencesent
repr
eneur
shi
p.
 Ent
repr
eneur
ialenv
ironmenti
sbr
oadl
ycl
assi
fi
edi
ntosi
ximpor
tant
segment
s,namel
y,
 (
1)Pol
i
tical
env
ironment
,
 (
2)Economi
cenv
ironment
,
 (
3)Soci
alenv
ironment
,
 (
4)Technol
ogi
cal
env
ironment
,
 (
5)Legal
env
ironment
,and
 (
6)Cul
tur
alenv
iron¬ment




Env
ironment

 Pol
i
tical
-Pol
i
tical
Atmospher
e,Qual
i
tyofLeader
shi
p

,  Economi
c-Economi
c Pol
i
cies,Labour
,Tr
ade,Tar
if
fs,I
ncent
ives,
Subsi
dies
 Soci
al-
Consumer
,Labour
,At
ti
tudes,
Opi
nions,
Mot
ives
 Technol
ogi
cal
-Compet
it
ion And Ri
sk, Ef
fi
ciency
, Pr
oduct
ivi
ty,
Pr
ofi
tabi
l
ity
 Legal
-Rul
es,
Regul
ati
ons
 Cul
tur
al-
Str
uct
ure,
Aspi
rat
ionsAndVal
ues




Pr
ivat
eEnt
erpr
iseandDev
elopment
Theexi
stenceofuncer
tai
ntyi
ntheeconomi
ccal
lfort
heat
tent
ionof
ent
repr
eneur
stopl
ayal
eadi
ngr
olei
nthegr
owt
hpr
ocess.
I
ndi
vi
dualent
repr
eneur
s such as f
armer
s and smal
lbusi
nessmen and
i
ndi
vi
dualent
erpr
isessuchasmanuf
act
uri
ng,const
ruct
ion,t
ranspor
t,and
whol
esal
eent
erpr
isesandcol
l
ect
ivef
armscont
inual
lyf
acer
isks.Whet
her
t
heyar
epr
ivat
elyorpubl
icl
yowned,
theymustt
akeaccountofuncer
tai
nty
.
Pr
ivat
eent
repr
e¬neur
sandt
hemanager
sofpr
ivat
eent
erpr
isest
aker
isk,
despi
tet
heheav
ycost
soff
ail
urebecauseoft
hepossi
bil
it
yofhi
ghpr
ofi
ts
orl
argebonuses.I
nanycase,t
heymustr
unt
hei
rbusi
nessef
fi
cient
lyi
f
t
heyar
etomakeapr
ofi
tandsur
viv
e.
Thepr
obl
em usual
l
yar
isesbecausemaj
ori
ndust
ri
aldeci
sions,whi
chwi
l
l
af
fectt
hel
i
vesoft
housandsofor
dinar
ypeopl
e,ar
etakenwi
thoutpr
oper
pl
anni
ngandwi
thoutpubl
i
cconsul
tat
ion.