Entrepreneurship and Entrepreneurial Traits-An Evaluation

Abstract

Economic development invariably means a process of upward change by which the real per capita income of a country increases over a long period of time. Entrepreneurs are the centre of every industrial activity .They play a vital role in the economic development of a country. Development of entrepreneurship culture and qualitative business development is the major requirements for industrial growth. MSME Sector will provide new opportunities to the entrepreneurs to grow. Entrepreneurship emerges from an individual’s creative spirit in to long-term business Ownership, Employment creation, capital formation and economic security. Entrepreneurial Skills are essential for industrialisation and for alleviation of mass unemployment and poverty. The current study has been undertaken to analyse the entrepreneurial traits among entrepreneurs of Kothamangalam municipality. For the purpose of the study, 50 entrepreneurs were selected as sample by adopting simple random sampling method. Percentages and Friedman Repeated Measures Analysis of variance on Rank were applied. Analysis was done via statistical software16.0 The study revealed that the maintenance of good human relation was the major personality trait possessed by the entrepreneurs. The major innovation adopted by the entrepreneurs was introduction of new product in the market and the major cause for adoption of creativity by the entrepreneurs was to protect business from destructive forces.

Keywords

Micro, Small and Medium Enterprises, Entrepreneurship, Friedman Repeated Measures Analysis of Variance.

References