Entrepreneur – Meaning, Concept and character

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Entrepreneur - Meaning, Concept and character

Form Emergence of Entrepreneurial Class:

The emergence of entrepreneurial class can be attributed to many factors, such as family, social, economic, psychological, customs, ancestry, environment, religion, caste, education, Technical knowledge, professional background, transfer character, ideas, methods, ideal ownership pattern etc. have influenced. R. a. In relation to the emergence of the entrepreneurial class by Sharma, many startling facts came to the fore in the survey of private, public and government companies conducted between 1961 and 1963. Similarly, N. Gangadhar Rao surveyed 87 entrepreneurs located in 13 industrial settlements of Andhra Pradesh. In them too, many shocking facts came to the fore regarding the emergence of the entrepreneurial class. After studying all these, it can be said in conclusion that the following are the major factors affecting the emergence of the entrepreneurial class

(1) Caste Emergence – 

History is a witness to the fact that most of the entrepreneurial class in India Originated on the basis of caste. Certain religions and castes encourage entrepreneurial skills, such as Parsi, Punjabi, Marwari, Maheshwari, Jain, Gujarati, Sindhi, Vaishya etc. They still have a monopoly on most of the industries in India. N. Gangadhar Rao’s survey of 87 undertakings concluded that Vaishyas have authority over most of the undertakings.

(2) Family background – 

Family background has also played an important role in the emergence of entrepreneurial class. Tendencies like raising one’s family, doing independent work, earning a lot of money, putting family members to work, initiative, vision, earning prestige, etc. have encouraged the emergence of entrepreneurial class in many ways. They have taken the form of group, such as- Birla Group, Tata Group, Modi Group, Singhania Group, Bajaj Group etc.

(3) Religious Background – 

Religious background has also encouraged the emergence of entrepreneurial class. According to Max Weber, Protestant ethics has encouraged the development of entrepreneurial spirit among Christians

(4) Professional background – 

Professional background has played an important role in the emergence of the entrepreneurial class. For example, professionals are more attracted towards entrepreneurship than those engaged in agribusiness. According to a survey, a large number of entrepreneurs who set up industries were initially unemployed. Thus entrepreneurship is not limited to any particular profession but it requires qualities like instinct, passion, courage, skill, technology, vision etc. Presently people who are obsessed with technical know-how are entering entrepreneurship at a rapid pace. R A. According to the survey conducted by Sharma, 134 out of 198 entrepreneurs came from the business community.

(5) Education and Technical Knowledge –

 Education and technical knowledge have played an important role in the emergence of the entrepreneurial class. Gone are the days when illiterate people used to establish huge industrial empires. Presently the commercial and industrial sector is becoming more complex day by day. The main reason for this is mutual competition, complex government regulation and laws, government policies and motivations, changed economic and business environment, the increasing role of banks and financial institutions, emphasis on research, the establishment of technical institutions, facilities for education and training etc. It has encouraged education and technical knowledge in the emergence of the entrepreneurial class. Nowadays a large number of young people are entering the professional and industrial sectors by leaving schools, colleges, technical institutes, management science institutes, training institutes etc.

(6) Migratory Character – 

Migration character has also played an important role in the emergence of entrepreneur. According to a survey, four out of five entrepreneurs in India have come not from local but from other states or from different places within the state. If you survey the major industries located in big cities of India, such as Delhi, Mumbai, Kolkata, Chennai, Bangalore etc., then you will know that more than 75% of the entrepreneurs are those who come from other places rather than local. Huh. The Marwari entrepreneurs of Rajasthan are shining examples of this.

(7) Types of Industry Started – The type of 

industry has also played an important role in the emergence of the entrepreneurial class. According to the survey conducted at present, about 2/3 of entrepreneurs have established an industry in the field of engineering. More than 1/10 entrepreneurs have set up units of non-metalized products and 7.5% of entrepreneurs have set up plastic units. The remaining entrepreneurs have established industrial units related to food products and various products.