entrepreneurial environment
TRANSCRIPT
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ENTREPRENEURSHIP DEVELOPMENT
SEMINAR
BY M.SOUNDARRAJAN(MBA
953) N.PREMKUMAR(MBA 942)
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ENTREPRENEURSHIP ENVIRONMENT
It refers to various factors within which the enterprises-big,medium,small and others have to operate. Entrepreneurship is influenced by an environment created by political, social, economic, national ,legal forces, etc.,
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SIX IMPORTANT SEGMENTPolitical environment- political atmosphere,
quality of leadershipEconomic environment- economic
policies,labour,trade,tariffs,incentives, subsidiesSocial environment- consumer, labour,
attitudes,opinions,motive.,Technological Environment-
competition,risk,efficiency,productivity,profitability
Legal environment-Rules,regulationCultural environment- Structure aspiration and
values
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POLITICAL ENVIRONMENT
Law and order is of high priorityGovernment policies should be followedFrequent updation of political condition are
needed
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ECONOMIC ENVIRONMENT
It comprises of LandAvailability of raw materialsSkilled labourInfrastructureMachineryCapital
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SOCIAL ENVIRONMENTFamily backgroundKith and kin's(Relatives, friends and
teachers)ReligionSocial statusSocial mobilitySocial marginality
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LEGAL ENVIRONMENTRegistrationLicensingLocationAcquisitionPayment of wagesTaxesEnvironmental rules
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CULTURAL ENVIRONMENTCorporate culture is an invisible quality which decide how effective the organization is in the market place. Cultural consists of
• Tangible man-made objects like furniture, buildings etc.,
• Intangible concepts like Law, morals, knowledge.
• Values and behavior acceptable by the society.
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TECHNOLOGICAL ENVIRONMENTSelection of proper technology. leads to higher productivity.Reduction of cost.Upgradation enables business
community to cope up with rapid growth.
It gives competitive advantage.
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Contd..Product and process realities.Quality.Environmental safety.Innovation.
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ENVIRONMENTAL FACTORS AFFECTING ENTREPRENEURSHIP
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ENTREPRENEURIAL ENVIRONMENT
It is essential for entrepreneurship is the presence of a favourable business environment.
It is dynamic.Impact depends on degree to which
organization depends on environment.It affects the performance of the
organization.
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FACTORS HINDER ORGANIZATIONAL GROWTH
Sudden changes in government policy. e.g.- If policy in US is changed it affects the
Indian exporters. Outbreak of war or regional conflicts. e.g. –telengana issue in Andhra PradeshPolitical instability or hostile government attitude
towards the industry.
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Contd..Excessive redtapism and corruption among
government agencies.Ideological and social conflicts.Unreliable supply of power, materials,
finance, labour and other inputs.Rise in cost of input.Unfavorable market fluctuations.Non-co-operative attitude of banks and
financial institutions.
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THANK YOU