It describe about the key factors influencing the entrepreneurship

1. Dr.R.Kalaivani
Assistant Professor
Dept.of Biotechnology
Bon Secours College for Women
TamilNadu

3. Key factors
Self efficacy & entrepreneurship
Societal Culture & entrepreneurship
Education & entrepreneurship
Technology transfer & entrepreneurship
Cognitive factors: knowledge, skills & abilities- individual competencies
Entrepreneurial opportunities………………based on
i. Political factors
Eg. Legal restrictions
Quality of law enforcement
Political stability

5. ii. Market forces
Eg. Structure of the industry
Technology regime
Potential barriers to entry
Market size and population demography
iii. Resources….
Availability of investment capital,
labor market, skill availability,
transportation infrastructure,
complimentary technology

7. Mitchell et al described 3 conditions for successful entrepreneurship……
Arrangements: seeking a supportive environment for opportunities, organizing
funding Resources[capital, social network, plant, equipment, labor etc.]
Willingness: commitment to venturing, receptivity to idea of starting a new
venture, readiness to commit, motivation and eagerness to act versus missing
an opportunity.
Ability: refers knowledge structure or scripts that individuals have to support
the capabilities, Skills, knowledge, norms and attitudes

8. Competitive strategies
Need for independence
Institutional environment & entrepreneurship: research
Innovation cluster & entrepreneurial ecosystem Network

11. Thank