http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/12623 2026-05-15T12:49:24Z 2026-05-15T12:49:24Z Bedarkar, Madhura Deokar, Bipin http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/12632 2021-03-07T11:04:07Z 2021-02-25T00:00:00Z

Venture Capital and Entrepreneurship Bedarkar, Madhura; Deokar, Bipin Entrepreneurship plays an important role in accelerating economic growth and in the long-term economic development of a country. It promotes capital formation, wealth creation and employment generation leading to reduction in poverty and unemployment. Several studies have emphasised that there exists a strong association between a country’s level of entrepreneurial activity and its economic growth rate (Wennekers and Thurik 1999). In fact, the under development is due to inadequate supply of entrepreneurs and is not because of the lack of natural resources. According to Schumpeter “The entrepreneurship is essentially a creative activity, or it is an innovative function”. His theory of innovation, development implies carrying one of new combinations of entrepreneurship. Traditionally, Jean-Baptiste Say is acknowledged for coining the term ‘entrepreneur’ and developing it further. In the early 18th century, Richard Cantillon introduced the term ‘entrepreneur’ and unique risk-bearing function in economics. In economic theory, an entrepreneur is innovator and source of creative destruction (Schumpeter, 1934), as coordinator of production (Lucas, 1978) and as risk bearer (Kihlstrom and Laffont 1979), Entrepreneurship is imperative for a dynamic economy as entrepreneurs are the engines of job creation and economic growth. Entrepreneurs boost the economic growth by introducing innovative products, services, methods, production, technologies and processes which enhances the productivity of the enterprise and increased competition in the market. In US, entrepreneurship has played a vital role by creation of new enterprises and complete makeover of existing enterprises with innovative ideas and use of modern technology. Entrepreneurship has been builtin the Indian prodigy and tradition. Renowned economist Prof. T.N. Srinivasan, Yale University has said that, “India has been an entrepreneurial society…we had the entrepreneurial skill but suppressed it for too long a time… and now it is thriving.” In the pre-liberalisation period, the policies were inward looking and geared towards the accomplishment of self-reliance. Entrepreneurship was subdued, and availability of capital was limited. In fact, the Indian populace has entrepreneurial competence however, the society was risk averse and majority of individual’s preference was for secure and long-term employment, such as government jobs followed by public sector and reputed private companies. In the post-liberalisation-period, the level of entrepreneurship has increased substantially with rise in entrepreneurial activity as liberalisation has brought down the entry barriers for new firms and it kick-started the growth of entrepreneurship. Since mid-1990s, the knowledge-intensive entrepreneurship in sectors such as IT, telecom and biotechnology has increased significantly. In the last two decades, the average number of companies formed per year has improved substantially Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini

2021-02-25T00:00:00Z Bargal, Hitendra Patel, Vinod Kumar Bargal, Priyanka http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/12631 2021-03-07T11:00:16Z 2021-02-25T00:00:00Z

Role of Entrepreneurship for Economic Growth and the Employment Generation in India Bargal, Hitendra; Patel, Vinod Kumar; Bargal, Priyanka Small business and newly started business are the backbone of economy and these are the sectors which provides all categories of jobs to the all categories of workers. Policies that encourage the development of these entrepreneurship often consider the large market, healthy policy and economy, which helps in proper circulation of the money. For a developing economy like India, entrepreneurship would face heavy competition from the internal and external players, they should be too quick enough in their research and development, and in innovation. Employment is the main activity of economic cycle, which helps in enduring economic growth, but in the course of employment generation enterprises encounter with the factors which affect the smoothness of generating employment and economic growth, and in this paper, we are trying to find out few of them and evaluate those with association of factors and their role in economic growth and employment generation. The paper is trying to portray a possible effect of competitive environment on job creation and economic growth, with the other possible constants faced by the entrepreneur while working in the open market they are Innovation , demography ,government policies and cultural effect as these variable are chosen after the systematic literature review. For the purpose of the study we have gone through the numerous research article and works, with the help of systematic literature review we are able to find out the variable of the study that has explained in the paper, as this study is descriptive in nature and cover the few major factors that plays a vital role in the process of economic growth and employment generation followed by the entrepreneurial activity. Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini

2021-02-25T00:00:00Z Gupta, Akansha http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/12630 2021-03-07T10:57:36Z 2021-02-25T00:00:00Z

Review of Network Characteristics in Family Business Internationalization Gupta, Akansha Internationalization of family business is vital issue in global business economy. The purpose of this study was to investigate whether each level in international networking (network extension, network penetration, network integration, network ties) matters in the internationalization of Family business. The study adopted a literature review to analyse the role all the levels of international networking. The findings revealed that network extension and network integration do matter in Family Business internationalization, while network penetration does not. Family business in developing countries need to concentrate on network extension and network integration levels to successfully internationalize their operations. In addition, suggestions for family business researchers and global policy makers interested in family business internationalisation strategies in transition economies are discussed. Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini

2021-02-25T00:00:00Z Naik, B M http://dspace.ediindia.ac.in:8181/xmlui//handle/123456789/12629 2021-03-07T10:54:51Z 2021-02-25T00:00:00Z

India Desperately Needs University Related Research Parks to Promote New Technology Based Entrepreneurship Naik, B M University Related Research Park [URRP] is a World proven model for promoting Hi-Tech entrepreneurship. Developed countries like USA, UK, Germany, France etc. have greatly benefitted from it. University Related research Parks are found to give birth to New Technology Based firms. First mover entrepreneurs are born in these parks to give momentum to the movement of entrepreneurship. It generates employment in scientific fields of high income and first-class job conditions. It increases income of people and their standard of living. It brings scholarship to universities & colleges which is the prime requirement for making economy enterprising. It makes education more relevant, and purposeful to build a prosperous nation. URRP is a joint effort between industry and university. Research companies take space in the park on rent to conduct their operations. They draw benefit from research expertise of professors and students. Industry experts in turn deliver lectures to students in class rooms. India desperately needs it most. The adoption of Research Park so far in India is observed to be too slow. The paper explains how to accelerate its adoption. Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini

2021-02-25T00:00:00Z