STIMULANTS FOR

DEVELOPMENT
Capital Availability
Ability to 1ransform
0overnment 3upport
3upply of 1rained Lxeoutives
Researoh Bodies
ealthy Business Lnvironment
SOCIOLOGICAL
Thomas Cochran
Max Weber
PSYCHOLOGICAL
JOSEPH SCHUMPETER
Mc CLELLAND
EVERETT HAGEN
ECONOMCAL
Mark Casson
CULTURAL
Bert Hoselitz
Max Weber's 1heory of 8ellglous 8ellefs
luncLlon of rellglous bellef
Lxogenous ln naLure
SCClCLCClCAL 1PLC8?
Max Weber
LlemenLs of Weber's Lheory
SplrlL of caplLallsm
AdvenLurous splrlL
roLesLanL eLhlc
lnducemenL of proflL
1homas Cochran's 1heory of CulLural values
CulLural values 8ole expecLaLlons soclal
sancLlons
erformance wlll be lnfluenced by
4 ALLlLude
4 8ole expecLaLlons
4 8equlremenLs of Lhe [ob
1homas Cochran
SCPuML1L8'S 1PLC8? Cl lnnCvA1lCn
CreaLlve acLlvlLy
llve funcLlons of lnnovaLlon
4 1he lnLroducLlon of new goods
4 1he lnLroducLlon of new meLhod of
producLlon
4 1he openlng of new markeL
4 1he conquesL of new source of supply of
raw maLerlal
4 1he carrylng ouL of new organlzaLlon
SCPuML1L8
Lxample of SchumpeLer's 1heory
Lxample LhaL can be relaLed Lo SchumpeLer's 1heory
1aLa Croup
lnnovaLlon ln dlfferenL lndusLrles
lnnovaLlon ln Ceographlcal expanslon ( eg Afrlca)
lnnovaLlon wlLhln Lhe lndusLry ( eg 1aLa nano
creaLlng new markeL of mlddle class people's
asplraLlon Lo own a car)
McClelland's 1heory of Plgh AchlevemenL
need for achlevemenL
SLrlve for success
roflL nC1 Lhe moLlve
S?CPCLCClCAL 1PCL8?
McClelland
CharacLerlsLlcs of McClelland's 1heory
uolng Lhlngs ln a novel and excellenL
manner
ueclslon maklng under uncerLalnlLy
ur karsanbhal khodldas aLel
Pagen's 1heory of Soclal Change
CreaLlve problem solver
Plgh need for achlevemenL
S?CPCLCClCAL 1PLC8?
Pagen
LlemenLs of Pagen's Lheory
Lconom|c growth
ke[ect|on of fo||ower's syndrome
n|stor|c sh|ft as a factor of |n|t|at|ng
change
W|thdrawa| of status
4 ketreat|st Cne who consLanLly does hls work ln
Lhe socleLy buL remaln lndlfferenL Lo hls own
poslLlon
4 k|tua||st Cne who adopLs a klnd of defenslve
personallLy
4 keform|st Cne who lnlLlaLes rebelllon and
aLLempLs Lo esLabllsh a new order ln Lhe socleLy
4 nnovator A creaLlve lndlvldual who converLs
all odds lnLo opporLunlLles and ls llkely Lo
become an enLrepreneur
ur Mammohan Slngh
ur Mammohan Slngh ( Lenure as flnanclal
mlnlsLer from 1991)
ur Manmohan Slngh can be Lermed as a
reformlsL for lndlan Lconomy
Lconomlc 1heory
Mark Casson's Lconomlc 1heory
O uemand Supply 8elaLlonshlp
O ldenLlflcaLlon of quallLles
O 1heory reveals LhaL ln developmenL of successful
enLrepreneurshlp Lhe followlng Lhlngs are noL Lo be
followed
O 1he demand for enLrepreneurshlp need Lo be
ad[usLed as per Lhe changlng needs of Llme
O 1he deflclenL quallLles of Lhe enLrepreneur
should be made good by personal care
narayan MurLhy
Mark Casson
CulLure 1heory
8erL PosellLz's 1heory
PypoLhesls of Marglnal Men
Lmphasls on Lhe funcLlons of managerlal and
leadershlp sklll
ConLrlbuLlon of Speclflc Soclal Classes
!8u 1aLa
8erL PosellLz