Case Studes in Entrepreneurship, Family Businesses, Social Entrepreneurship

Code :ENT0024

Year :2009

Industry :General Business

Region : india

Teaching Note:Available

Structured Assignment : Not Available

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Introduction: As per the 2008 Global Entrepreneurship Monitor Report (GEM), 11.5% of India’s working population was in an early entrepreneurial stage while the overall entrepreneurial activity stood at 27.6%1 as against 8.5% and 13.9%2 in 2007. These statistics indicate the increasing prevalence of entrepreneurship in India. After Indian independence, entrepreneurshipwas restricted to big industrial houses and family-run businesses. However, after liberalisation of the Indian economy in 1991, the environment became conducive for entrepreneurship to flourish and since then entrepreneurs have been increasing.

Since 2004–2005, India has witnessed the emergence of a new breed of entrepreneurs. Most of them are young, well-educated and first-generation entrepreneurs, showing distinct difference from the entrepreneurs of the past.Will these new breed of entrepreneurs be able to re-create the magic of visionary leaders like J.R.D. Tata and DhirubhaiAmbani?Will their businesses sustain the test of time?

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