Abstract:
It is widely recognized that today's environment is highly dynamic- exhibiting high rate of
change in response to global competition and the application of new technologies.
Continuing towards a post-industrial knowledge based society, entrepreneurship, which
accounts for 70 percent of all new jobs, is a crucial phenomenon for the 21st century. By
virtue of its significance, entrepreneurial activity present in a region, or even a country, it
has now become the focus in many academic settings. These changes have also focused
the attention of academic institute administrators and educators towards the potential of
entrepreneurship.
