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External Influences On Entrepreneurship Development
External Influences On Entrepreneurship Development
entrepreneurship development
Presented by,
Niran Mandanna
Introduction
Environment plays a very important role in
supply and development of
entrepreneurship. The growth of
entrepreneurship in any country is the result
of several environmental factors such as
social, economic, cultural, personal and
political.
1. Economic factors
Factors which effect the entrepreneurial
growth are:
Shortage of capital
Shortage of working capital
Non availability of skilled and efficient
labour
Non availability of basic infrastructure
2. Social factors
Rational behavior encourages
entrepreneurship.
Non-rational behavior discourages
entrepreneurship.
Other factors:
The family system
The social set up - caste system, heredity etc.
3. Cultural factors
Depends on the existing value system
This value system decides desirable and
acceptable motives and actions of people
The motives like profit sharing, doing
productive work, acquisition of prestige and
status in the society may lead to growth of
entrepreneurship.
4. Personal factors
Personality
Prestige, personal self esteem , power etc
will activate an entrepreneur
5. Political factors
Infrastructural facilities
Tax concessions
Economic incentives
Thank you