Journal of Entrepreneurship & Management

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

The Efficacy of Economic Goals on Sustainable Entrepreneurship in India


Affiliations
1 School of Management, Doon University, Dehradun, Uttarakhand, India
     

   Subscribe/Renew Journal


The emergence of Small and Medium Entrepreneurs and their valuable involvement towards economy is now noticeable and observed in India and its advantage can also be visible. The living standard of the families gets improved in terms of their health, better fed, their income and savings and so on (Deikun, 2006). Extensively, it is assumed that entrepreneurship benefits and boosts growth and expansion of economy for in turn develop the nation as a whole. The concept of entrepreneurship has been astonishingly revival from the very earlier period in many countries that significantly achieved decrement in a dearth (Naude, 2013). The economics’ perception recognized that an entrepreneurship-focused the growth plus development of economic profits for the individual and/ or the society. These economic profits are referred as essential development goals. The aim of this paper is to study the relationship between economic goals and sustainable entrepreneurship and also to analyze its impact. The paper determined the attributes of ‘economic goals’ that has an impact on the development of sustainable entrepreneurship. The sum of 500 SMEs from the selected districts of Uttarakhand (one of the states in India) was inspected. It was found that the attributes extracted from ‘economic goals’ (Employee welfare, Economic growth, Performance and business stability) were positively correlated with sustainable entrepreneurship. It also concluded that three attributes have a favorable impact on sustainable entrepreneurship except ‘employee welfare’ has an unfavorable impact.

Keywords

Entrepreneurship, Sustainable Entrepreneurship, Economic goals, Small and Medium Enterprises, Uttarakhand.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Agarwal, R., & Lucas, H. C. (2005). The information system identity crises: Focusing on high visibility and high-impact research. MIS Quarterly, 29(3), 381–398.

  • Acs, Z. J. (2007). How entrepreneurship is good for economic growth? Paper presented at the 25th economic conference of progress foundation cosponsored by American Institute for Economic Research (AIER) in Great Barrington, Massachusetts.

  • Antoncic, B., & Hisrich, R. D. (2003). Clarifying the entrepreneurship concept. Journal of Small Business & Enterprise Development, 10(1), 7–24.

  • Baran, D., & Velickaite, R. (2008). Building the theoretical framework of entrepreneurship. Paper presented at the Fifth International Scientific Conference, Business and Management in Vilnius, Lithuania.

  • Barringer, B. R., & Bluedorn, A. C. (1999). The relationship between corporate entrepreneurship and strategic management. Strategic Management Journal, 20(5), 421–444.

  • Batjargal, B. (2003). Social capital and entrepreneurial performance in Russia: A longitudinal study. Organization Studies, 24(4), 535–556.

  • Birch, D. (1979). The job generation process. Cambridge, MA: MIT Press.

  • Blau, D. M. (1987). A time-series analysis of self-employment in the United States. Journal of Political Economy, 95(3), 445–467.

  • Collins, H. (2005). Flexibility and stability of expectations in the contract of employment. Socio-Economic Review, 4(1), 139–153.

  • Crals, E., & Vereeck, L. (2004). Sustainable entrepreneurship in SMEs: Theory and practice. Belgium: Limburgs Universitair Centrum.

  • Dalberg, H. (2011). Report on support to SMEs in developing countries through financial intermediaries. Retrieved from www.eib.org/attachments/delberg_sme-briefing

  • Deikun, G. (2006). USAID/India Mission Director ASSOCHAM’s 2nd Annual Commodities Conference on June 9, 2006.

  • Ebiringa, T. (2012). Perspectives: Entrepreneurship development & growth of enterprises in Nigeria. Entrepreneurial Practice Review, 2(2), 31–25.

  • Erber, G., & Hagemann, H. (2002). Growth, Structural Change and Employment. In Klaus F. Zimmermann (Ed.), Frontiers of economics (pp. 269–310). Berlin, Heidelberg, and New York, NY: Springer. (Georg and Harald, 2002).

  • Gibbs, D. (2008). Sustainability entrepreneurs, ecopreneurs and the development of a sustainable economy. Greener Management International, 55, 63–78.

  • Graham, S. (2010). What is sustainable entrepreneurship? Retrieved June 8, 2011 from http://biznik.com/articles/what-is-sustainableentrepreneurship

  • Gumbus, A., & Lussier, R. N. (2006). Entrepreneurs use a balanced scorecard to translate strategy into performance measures. Journal of Small Business Management, 44(3), 407–425.

  • Harding, R., Hart, M., Johnes-Evans, D., & Levie, J. (2002), Global entrepreneurship monitor. London: London Business School.

  • Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (1998). Multivariate data analysis. New Jersey, NJ: Prentice Hall.

  • Samujh, R. H. (2011). Micro-businesses need support: Survival precedes sustainability. Corporate Governance: The International Journal of Business in Society, 11(1), 15–28.

  • Imafidon, K. (2014). Entrepreneurship development for sustaining economic growth in third world nations. Journal of Emerging Trends in Economics and Management Sciences, 5(7), 101–108.

  • Jacobs, M. (1995). Sustainable development, capital substitution and economic humility: A response to Beckerman. Environmental Values, 4(1), 57–68.

  • Koe, W. L., Omar, R., & Sa’ari, J. R. (2015). Factors influencing propensity to sustainable entrepreneurship of SMEs in Malaysia. Procedia- Social and Behavioral Sciences, 172, 570–577.

  • Krueger, N. F. (2005). Social entrepreneurship: Further broadening the definition of ‘Opportunity’. International Conference on Social Entrepreneurship. Barcelona.

  • Kuckertz, A., & Wagner, M. (2010). The influence of sustainability orientation on entrepreneurial intentions Investigating the role of business experience. Journal of Business Venturing, 25(5), 524–539.

  • Mitra, R., & Pingali, V. (1999). Analysis of growth stages in small firms: A case study of automobile ancillaries in India. Journal of Small Business Management, 37(3), 62.

  • Muzyka, D., De Koning, A., & Churchill, N. (1995). On transformation and adaptation: Building the entrepreneurial corporation. European Management Journal, 13(4), 346–362.

  • Naude, W. (2013). Entrepreneurship and economic development: Theory, evidence and policy. Evidence and Policy. IZA Discussion Paper, 7507.

  • Oakes, J. M., & Rossi, P. H. (2003). The measurement of SES in health research: current practice and steps toward a new approach. Social Science & Medicine, 56(4), 769–784.

  • OECD. (2011). Organisation for Economic Co-operation and Development (OECD), (2011). Entrepreneurship at a Glance 2011. Paris: Organization for Economic Co-operation and Development Publishing. Retrieved from http://www.oecd.org/publishing/

  • Pallant, J. (2011). SPSS survival manual: A step by step guide to data analysis using SPSS (4th ed.). Australia: Allen & Unwin.

  • Patzelt, H., & Shepherd, D. A. (2011). Recognizing opportunities for sustainable development. Entrepreneurship Theory and Practice, 35(4), 631–652.

  • Pfeiffer, J. (2007). A model proposal: How we might change the process and product of managerial research. Academy of Management Journal, 50(1), 1334–1337.

  • Rauch, A., Wiklund, J., Lumpkin, G. T., & Frese, M. (2009). Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future. Entrepreneurship Theory and Practice, 33(3), 761–787.

  • Roehm, H. A., & Castellano, J. F. (1997). The Deming view of a business. Quality Progress, 30(2), 39–46.

  • Smallbone, D., & Wyer, P. (2000). Growth and development in the small firm. Enterprise and Small Business, 100–126.

  • Van Praag, C. M., & Versloot, P. H. (2007). What is the value of entrepreneurship? A review of recent research. Small Business Economics, 29(4), 351–382.

  • Wennekers, S., & Thurik, R. (1999). Linking entrepreneurship and economic growth. Small Business Economics, 13(1), 27–56.

  • Wiklund, J. (1999). The sustainability of the entrepreneurial orientation: Performance relationship. Entrepreneurship theory and practice, 24(1), 37–48.

  • Zou, K. H., Tuncali, K., & Silverman, S. G. (2003). Correlation and simple linear regression. Radiology, 227(3), 617–628.


Abstract Views: 268

PDF Views: 0




  • The Efficacy of Economic Goals on Sustainable Entrepreneurship in India

Abstract Views: 268  |  PDF Views: 0

Authors

Tanuja Gour
School of Management, Doon University, Dehradun, Uttarakhand, India
Gajendra Singh
School of Management, Doon University, Dehradun, Uttarakhand, India

Abstract


The emergence of Small and Medium Entrepreneurs and their valuable involvement towards economy is now noticeable and observed in India and its advantage can also be visible. The living standard of the families gets improved in terms of their health, better fed, their income and savings and so on (Deikun, 2006). Extensively, it is assumed that entrepreneurship benefits and boosts growth and expansion of economy for in turn develop the nation as a whole. The concept of entrepreneurship has been astonishingly revival from the very earlier period in many countries that significantly achieved decrement in a dearth (Naude, 2013). The economics’ perception recognized that an entrepreneurship-focused the growth plus development of economic profits for the individual and/ or the society. These economic profits are referred as essential development goals. The aim of this paper is to study the relationship between economic goals and sustainable entrepreneurship and also to analyze its impact. The paper determined the attributes of ‘economic goals’ that has an impact on the development of sustainable entrepreneurship. The sum of 500 SMEs from the selected districts of Uttarakhand (one of the states in India) was inspected. It was found that the attributes extracted from ‘economic goals’ (Employee welfare, Economic growth, Performance and business stability) were positively correlated with sustainable entrepreneurship. It also concluded that three attributes have a favorable impact on sustainable entrepreneurship except ‘employee welfare’ has an unfavorable impact.

Keywords


Entrepreneurship, Sustainable Entrepreneurship, Economic goals, Small and Medium Enterprises, Uttarakhand.

References