It includes theory of contaxtual model of edp

1. INTEGRATED CONTEXTUAL
MODEL
SUBMITTED BY:YOGESH
NAIK

2. The theoretical framework of
entrepreneurship the process of
entrepreneurship development and
models of entrepreneurship. It also
describes how the entrepreneur is
cognizable force on the process of
industrialization.

3. Most of the social scientist agree that
man stands at the center of economic activity and
he assumes various roles on the development
process, normally an organizer of human and
material resources as the most important and basic
our and it is the essence of Entrepreneurships.
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4. 1.POLITICAL FACTORS
The government of country sets the rules
for all business and other organizations through its
law and policies.
In regard to entrepreneurship, the political
dimension including macro economic policies and
procedures is the dimension that directly relates to
the opportunity an efficient legal and institutional
frame work with few barriers containing people to
pursue business opportunities can increase the
livelihood to starting a business.

5. 2.ORGANIZATIONAL FACTORS
Entrepreneurship as a
characteristics attitude or process of
organization is now recognized by many
firms and scholars as a critical factors in
company success. Entrepreneurial
companies creates, define , discover and
exploit opportunities, frequently well ahead
of their reveals , In other word
entrepreneurial activities can give company a
competitive advantage in existing new
market.

6. 3.ECONOMIC FACTORS:-
Economic environment exercises the
most direst and immediate influence on
entrepreneurship. This is likely because people
become entrepreneurs due to necessity when
there are no other jobs or because of opportunity.
The general purchasing power of the
people, manifested by income level and economic
prosperity of the region, place a major role in the
success of entrepreneurial ventures.

7. 4.SOCIO- CULTURAL FACTORS:-
Socio cultural factors environment in broad
term consist of both the social system and the culture
of a people. It refers primarily to man created
intangible elements which effect peoples behavior,
relationship, perception and way of life and their
survival and existence.
Thus, social cultural environment, in relation
to entrepreneurship can be defined as consisting of all
the

8. Social system and culture of people which
positively or negatively after and influence
entrepreneurial emergency, behavior and
performance development in general. All such
elements which condition the values , thinking
and action of an individual with respect to
entrepreneurship comprise the socio-cultural
environment of entrepreneurship.

9. 5.PSYCHOLOGICAL FACTOR:-
All other factor not with standing, the success of
an entrepreneurial venture depends on the entrepreneur.
The entrepreneur is the leader and driver of the venture
and requires the following skill-set and orientation for
success.
1.Hard work and persistent
2.Ability to manage and minimize risk
3.Ability to draw of comprehensive business, and having
contingency plan ready
4.A strong need orientation that provide the inclination to
achieve things