Effect of Environmental Factors on Development of Enterprise:A Study of it Entrepreneurship in Selected Areas of Maharashtra

Entrepreneurship has great economic value for the nation. This paper deals with entrepreneurship on conceptual basis and deals with its numerous definitions and the factors which lead to entrepreneurship in Information Technology (IT) sector. It discusses the environmental influences such as, government and non-government policies and initiatives which will help for new enterprise formation, as well as on further enterprise development. The paper has practical implications for Governments, policy formulating and regulatory bodies to structure their frameworks and guidelines in an optimum manner which may help in creating an encouraging environment for the development of entrepreneurship and the emergence of IT entrepreneurs. Improved climate for technological entrepreneurship will have direct positive effect on economical development, new job and wealth creation.