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ENTREPRENEURSHIP DEVELOPMENT
SEMINAR
BY M.SOUNDARRAJAN(MBA
953) N.PREMKUMAR(MBA 942)
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.,
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
POLITICAL ENVIRONMENT
Law and order is of high priorityGovernment policies should be followedFrequent updation of political condition are
needed
ECONOMIC ENVIRONMENT
It comprises of LandAvailability of raw materialsSkilled labourInfrastructureMachineryCapital
SOCIAL ENVIRONMENTFamily backgroundKith and kin's(Relatives, friends and
teachers)ReligionSocial statusSocial mobilitySocial marginality
LEGAL ENVIRONMENTRegistrationLicensingLocationAcquisitionPayment of wagesTaxesEnvironmental rules
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.
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.
Contd..Product and process realities.Quality.Environmental safety.Innovation.
ENVIRONMENTAL FACTORS AFFECTING ENTREPRENEURSHIP
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.
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.
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.
THANK YOU