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Growth of Professional Management in India

Growth of Professional Management in India

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Published by P Narayan Murthy
Slides being used for teaching MBA students in various PG Institutions
Slides being used for teaching MBA students in various PG Institutions

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Published by: P Narayan Murthy on Feb 20, 2012
Copyright:Attribution Non-commercial

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07/10/2013

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Growth of professional Growth of professional Management in India Management in India Growth of professional Growth of professional Management in India Management in India 
 
Indian entrepreneurship Indian entrepreneurship Indian entrepreneurship Indian entrepreneurship 
Before 1991, Indian business success was afunction of ambition, licenses, governmentcontacts, and an understanding of thebureaucratic system.Decisions were based on connections, ratherthan the market or competition.Business goals reflected a continuation of the‘Swadeshi’ movement, which promoted importsubstitution to attain economic freedom fromthe West.
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Indian entrepreneurship Indian entrepreneurship Indian entrepreneurship Indian entrepreneurship 
Pre-1991 policies were inward looking andgeared towards the attainment of self-reliance.During this era, entrepreneurship wassubdued, capital was limited and India hadvery few success stories.As well, society was risk averse and theindividual looked primarily for employmentstability.
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