PERSPECTIVE ABOUT

GROWTH AND
EMERGING
ENTERPRISES
 INTRODUCTION
The countries of the world are experiencing
an unprecedented burst of inventions.
Even the underdeveloped countries are
making conscious efforts in encouraging
research and development. While the
developed countries have the record of
commercializing the inventions to their
fullest advantage, the less developed ones
find their innovations either lying idle or
flowing out to the more prosperous nations.
The emergence and development of
entrepreneurship is not a spontaneous one
but a dependent phenomenon of economic,
social, political, psychological factors often
nomenclatured as supporting conditions to
entrepreneurship development.
These conditions may have both positive
and negative influences on the emergence
of entrepreneurship.
 1. ECONOMIC FACTORS
Capital
Labor
Raw material
Market
Infrastructure
 II. SOCIAL FACTORS
Caste factors
Family background
Education
Attitude of the Society
Cultural Value
III. PSYCHOLOGICAL FACTORS
Need Achievement
Withdrawal of Status Respect
Motives
 IV. POLITICAL FACTORS
 An entrepreneur, cannot function without the supportive
actions of the Government.
 It is for the government/society to ensure the availability
of required resources for the entrepreneurs and also the
accessibility to them.
 This is because the successful entrepreneur contributes
to the well being of the society. Policies relating to
various-economic aspects like prices, availability of
capital, labour and other inputs, demand structure,
taxation, income distribution, etc. affect growth of
entrepreneurship to a large extent
 Promotive government activities such as incentives and
subsidies contribute substantially to entrepreneurial
performance.
https://www.ddegjust.ac.in/studymaterial/
bba/bba-301.pdf