Entrepreneurship & Challenges in Emerging IndiaRishi SachanMBA- Energy & EnvironmentPRN No. : 14020243027

Employee & Entrepreneur

The capacity and willingness to Develop,

Organize and

Manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.

Characteristics of an Entrepreneur

OPPORTUNIST

VISIONARY

HARDWORKER

LEADER

INNOVATOR

Challenges Globalization

Liberalization

Modern Technology

Finance

Social Challenges

Production

Political Risks Terrorism

Economic Reforms

Risks to Indian Business Growth

A smooth sea never made a skill full sailor

Negative effects of Globalization

• Loss of Cultural Traits – Americanization of many places • Damage to environment in countries with weaker laws.• MNC’s cause local businesses to fail.

Reasons for Lack of Innovation

• Resistance to Change• Leaders defensive to new ideas that challenge status quo• No new ideas, new problems or learning opportunities

Reasons for Lack of Efficient Marketing

• Marketing is a big challenge for Indian entrepreneur• Inexperienced and ineffective team• Inadequate market research• Ignoring the customers

Corruption

Corruption

Less

opportuniti

es ava

ilable

Politica

l barr

iers

Less

productivit

y

Inefficie

nt

operations

A spiraling problem

Corruption name exist from not today but it is an evil which is en-rooted from past. Today it has taken the ferocious shape engulfing all levels of people from lower level to higher level. Corruption can be defined as anything which is benefiting you by illegal means whether that is bribery, saying lies, ditching others etc

After Mumbai terrorist attack Overseas investors have pulled out a record $13.5 Billions from Indian Stocks in 2008 as of November 25 causing Benchmark BSE sensitive Index, to slump 56%

Terrorism The Threat

• Common sense dictates that the loss of foreign investor confidence following acts of terrorism would prompt large outflows of capital in affected countries, and that once a country is branded a terrorist target, it would attract reduced levels of FDI. However, foreign investor sentiment is not always dictated by common sense. The lure of profit and desire to establish trade partnerships is often a stronger motivational force than the risk of terrorism

• But coming to ground reality an investor always wants to minimize the risk to his business. So terrorism will also play a minor role in choosing the destination for his business.

Corruption Index

4th India ranks

In the world in terrorist attacks

Economic Reforms , 1991The process of economic reforms was started by the government of India in 1991 for save the country from the economic difficulty and to speed up the development of the country.

Liberalization

Privatization

Globalization

The centers of

Economic reforms are

Economic Reforms

Fiscal Reforms

Infrastructural Reforms

Structural Reforms

The economic reforms initiated after the mid-1980s helped India to break through the earlier growth rate and experienced high growth in 1990s.However India’s joy of growth not lasted for long time.

Failures of Economic Reforms

• Lack of access to foreign capital markets

• High average tariff rate

• Stringent hiring and firing practices

• High government deficit

• Extensive distortive government subsidies

• Permits and time taken to start a firm

• Large-scale irregular payments in tax collection

Need of time

Thank You !