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Technological Environment Impacting Entrepreneurship: Submitted To:prof. Brajballav Kar
Technological Environment Impacting Entrepreneurship: Submitted To:prof. Brajballav Kar
Technological Environment Impacting Entrepreneurship: Submitted To:prof. Brajballav Kar
Introduction to Entrepreneurship
H.H. Stevenson and J.C. Jarillo, two highly regarded academics, define entrepreneurship as the process by which individuals pursue opportunities without regard to resources they currently control.
3. Technological environment- In a competitive world one has to keep an eye on technology advancement and instill it in their business activity or else the chances to become obsolete is high. Technology has both positive and negative impact on entrepreneurial growth. 4. Economic environment- Capital, labor, raw material are major dimensions of an economy. Any shortage of these would adversely affect the entrepreneurial growth. Market demand also forms an aspect of economic environment and has to be sufficient enough for an entrepreneurial start to sustain and prosper.
Technology is both hard and soft-that is machine, as well as, way of thinking Technology is thus level of scientific sophistication and level of knowledge in application of sciences to production processes, be it goods or services (like Heart operations or Aircraft flying, or designing and fabricating a nuclear reactor). The changes in Technology are so rapid now that the Industry has to keep track of same and keep modernizing to remain competitive and in business.
A Good technological environment includes the following: Accelerating pace of technological change. Unlimited opportunities for innovation. Varying R&D budgets. Increased regulation of technological change.
Thus, Technology enables people to generate, preserve and distribute energy, discover new materials, save lives, introduce machines to do work of human beings, increase living standard, probe deep into seas and space in search of new treasures and much more.
Limited import of technology due to restriction Little knowledge on technology assimilation and absorption
CONCLUSION
It can be concluded that changes in government regulations and tax policy could have a significant impact on tech entrepreneurship in India. The complexities of Indian politics make it unwise to attempt to forecast government policiesor their efficacy. Amid this uncertainty, entrepreneurship continues to thrive on its internal dynamic and by riding the external trends of demographics (lots of young people) and technology (information and communication networks growing better and more accessible every day). Indians are concerned about income inequality, social justice, infrastructure, and the environment. They also recognize that innovation and prosperity can bring them a lot closer to addressing these problems in ways that transcend the traditional zero-sum calculus of ethnic and redistributive politics. Tech entrepreneurship in India, for all its hype and popularity, remains a niche activity, restricted to a few with the talent, ambition, resources, and patience to navigate the complexities.