Conference on “Igniting the Spirit of Entrepreneurship”
Entrepreneurship is considered to be an important determinant of economic development of any country as it adds significant value to the economy by creating wealth and generating employment. After economic liberalization, India has been on an entrepreneurial growth trajectory and entrepreneurial ventures have been playing a major role in the country’s economic growth. It is important to leverage the entrepreneurial spirit of the country and address opportunities across a whole range of sectors to sustain Indian economic growth.
Also in today’s highly competitive business environment, it is imperative for any organization to encourage Intraprenuership for competitive advantage. Intrapreneurship is the spirit of entrepreneurship within an established organization and primarily involves developing new products, services, and lines of business within an existing company which is important for organisational survival, growth, profitability and renewal. There is potential for a new corporate landscape in India, steered by the spirit of entrepreneurship to emerge amidst the global meltdown. Key to this is to create an enabling ecosystem which nurtures the spirit of entrepreneurship in the economy.