A Study of Entrepreneurship Development in Latur Midc Area (2010-2014)
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A STUDY OF ENTREPRENEURSHIP DEVELOPMENT IN LATUR MIDC AREA (2010-2014) A thesis submitted to Tilak Maharashtra Vidyapeeth, Pune For the Degree of Doctor of Philosophy (Ph. D.) In Management Under the Board of Management Studies By Mr. Sarang S. Jewlikar Under the Guidance of Prof. (Dr.) O.P. Haldar December - 2015 DECLARATION I hereby declare that the thesis entitled “A study of Entrepreneurship Development in Latur MIDC Area (2010-2014)” completed and written by me has not previously formed as the basis for the award of any Degree or other similar title upon me of this or any other Vidyapeeth or examining body. I understand that if my Ph.D. thesis (or part of it) is found duplicate at any point of time my research degree will be withdrawn. Place: TMV, Pune. Mr. Sarang S. Jewlikar Date: / / Research Student CERTIFICATE This is to certify that the thesis entitled “A study of Entrepreneurship Development in Latur MIDC Area (2010-2014)” which is being submitted herewith for the award of the Degree of Vidyavachaspati (Ph.D.) in Management Science department of Tilak Maharashtra Vidyapeeth, Pune is the result of original research work completed by Mr. Sarang Sudhakar Jewlikar under my supervision and guidance. To the best of my knowledge and belief the work incorporated in this thesis has not formed the basis for the award of any degree or similar title of this or any other University or examining body upon him. Place: TMV, Pune. Prof. (Dr.) O.P. Haldar Date: / / Research Guide Acknowledgement There are various people whom I would like to thank for helping me to complete this work. At the onset I sincerely thank to my guide, Prof. (Dr.) O.P. Haldar, HOD Dr. D.Y.Patil School of Management, Charoli (Bk.), Lohgaon, Pune, who despite of his own commitments as an academician – provided me the necessary support and guidance for this work with his expertise uniquely. At times when I had been down in the dumps, it has been his skilful guidance which motivated me. Also, I would like to thank Prof. (Dr.) Vikas A. Barbate, Professor, Jayawant Institute of Management Studies, Tathawade, Pune and Prof. (Dr.) Roshan Kazi, HOD, Allana Institute of Management Science, Pune for encouraging me to carry on my Ph. D. work. My sincere thanks go to Dr. Sunita Bhole, Dr. Abhijit Joshi, Dr. Rajan Dhamdhere, Principal Dr. Prasanna Deshmukh, Prof. Amit Deshmukh, Mr. Nitin Vaidya and central liabrary, SRTM University, Nanded as well as Government officials of Latur MIDC who have been enduring enough to discuss with me various aspects of entrepreneurship development. I also thank the entrepreneurs from Latur MIDC who had responded to my questionnaire and participated in the in-depth interviews. All new research is necessarily built on the contributions of a host of other scholars. In conducting this study, I have benefited from the research and findings of a large number of academics and management practitioners. To the best of my ability, I have acknowledged the sources of my data and attributed to the various scholars, appropriate credit for the insights they have provided. Last but not the least, I would like to thank my parents, my mother Dr. Chhaya S. Kulkarni and Father Dr. Sudhakar R. Kulkarni, it was their encouragement which made me venture into this work and successfully complete it. A word of appreciation to my brother Dr. Yogesh S. Jewlikar who helped me in all respect and readily sacrificed my attention for the cause of the research work. Finally, I am very thankful to all those who have directly or indirectly helped in completion of this study. Place: TMV, Pune. Mr. Sarang S. Jewlikar Date: / / Research Student Contents Abstract………………………………………………………………………………………....... 13 1 Introduction of the Study .............................................................................................. 20 1.1 Statement of problem ................................................................................................................. 20 1.2 Need/ Significance of the Study ................................................................................................ 21 1.3 Objectives of the study .............................................................................................................. 21 1.4 Scope of the study ...................................................................................................................... 22 1.5 Formulation of Hypotheses ........................................................................................................ 23 1.6 Entrepreneurship Development in World Context .................................................................... 25 1.7 Entrepreneurship Development in Indian Context .................................................................... 26 1.8 Concept of Entrepreneur ............................................................................................................ 27 1.9 Various authors view on term ‘Entrepreneur’............................................................................ 28 1.10 Classification of Entrepreneurs ................................................................................................ 29 1.11 Nature and Importance of Entrepreneurs ................................................................................. 31 1.12 Functions of Entrepreneur ....................................................................................................... 31 1.13 Role of Entrepreneurs .............................................................................................................. 32 1.14 Entrepreneurial capabilities ..................................................................................................... 33 1.15 Characteristics of an Entrepreneur ........................................................................................... 34 1.16 Qualities of an Entrepreneur .................................................................................................... 35 1.17 Need for Skills ......................................................................................................................... 36 1.18 Features of Entrepreneurs ........................................................................................................ 37 1.19 The Concept of Entrepreneurship ............................................................................................ 37 1.20 Entrepreneurship: Some Important Definitions ....................................................................... 39 1.21 Socio-Economic Origins of Entrepreneurship ......................................................................... 41 1.22 Obstruction to Entrepreneurship .............................................................................................. 42 1.23 Small-Scale Industries as Seed-Beds of Entrepreneurship ...................................................... 43 1.24 Entrepreneurship Development Programme ............................................................................ 44 1.25 Obstacles hampering Entrepreneurship ................................................................................... 46 1.26 The Success of Entrepreneurship ............................................................................................. 47 1.27 Entrepreneurial Management ................................................................................................... 48 1.28 Vision for Future ...................................................................................................................... 50 1.29 Environment for Entrepreneurship .......................................................................................... 52 1.30 Lack of Entrepreneurship ......................................................................................................... 53 1.31 Need for Entrepreneurship Development ................................................................................ 54 1 1.32 Entrepreneurship Development Cycle ..................................................................................... 56 1.33 Obstruction to Entrepreneurship Development........................................................................ 57 1.34 District Industries Centers........................................................................................................ 61 1.35 State Policy Regarding Entrepreneurship Development .......................................................... 62 1.36 Chapter scheme ........................................................................................................................ 63 2 Review of Literature ...................................................................................................... 64 2.1 List of Research Paper referred .................................................................................................. 64 2.2 Theories of Entrepreneurship ..................................................................................................... 78 2.3 Gap identified in review of Literature ....................................................................................... 94 3 Government Initiatives, Policies for Entrepreneurship Development & Profile of Latur ................................................................................................................................... 95 3.1 Entrepreneurship Development and Government ...................................................................... 95 3.2 Government Incentives, Subsidies and Grants .........................................................................