The role of entrepreneurship and technopreneur under Global Competition

Abstract

This paper reviews the role of entrepreneurship and technopreneur under Global Competition. It is a descriptive study in nature. The emergence of entrepreneurship in this part of the country got localised and spread effect, took its own time. The concept of growth theory seems to be closely related in explaining the theory of entrepreneurship development as well. After the second world war entrepreneurship received new meaning for attaining economic development within the shortest possible time. But in the process they were seriously handicapped by the rigid institutional set up, political instability, marketing imperfection and traditional value system. The entrepreneur should apply the latest technologies. i.e. Advanced technologies in his products or services in order to meet the global competition. The entrepreneur should remember that creativity and hard work never fails. Entrepreneurship has rightly been identified with the individual, as success of enterprise depends upon imagination, vision, innovativeness and risk-taking. The economic activity with a profit motive can only be generated by promoting and attitude towards entrepreneurship.