Characteristics Of Entrepreneurial Entrepreneur

Abstract: Entrepreneurship plays an important role in the growth and development of national economies. This study aims at developing country India and entrepreneurial ecosystem activity. Six characteristics are analyzed which contribute to the differences that impact entrepreneurial ecosystem. These include culture, finance, R & D transfer, business support, policy, Human capital, infrastructure and markets. For the analysis of data descriptive statistics, SPSS tools are used in the current study to generate results for interpretation

Keywords: Entrepreneur Ecosystem, India, Descriptive statistics.

Introduction: According to Researches entrepreneurship as the important sources of organizational survival and growth in the national economic

The topic of entrepreneurship is complex and has broad level of meaning context and not well-developed component of the modern economic theory, so it is difficult to reach a consensus on a proper definition. There is no universally accepted entrepreneurship definition, so the theorists tended to separately the theory of entrepreneurship. For examples, Kuratko and Hodgetts defined the entrepreneurship as a concept of an individual innovative style of business, which basically refers to a person who has initiated innovation skill and is searching for the higher achievement. While an Austrian economist Joseph Schumpeter who has been designated as the key figure in the literature of entrepreneurship claimed that entrepreneurship is the main issue in the theory and practice of economic growth and development. He explained that entrepreneurship is in the centre of the development process for entrepreneur in the modern world to form a ‘creative destruction’ for creating and exploiting the opportunity for technological production to expand new product, new market and new resources, even though these activities face risk and uncertainties. Thus, entrepreneurship is considered as the important factor to enhance the need of business investment in economy. As such, the general definition of entrepreneurship is the study of the individual discovery and exploitation of

firms, venture capitalists, business angels, banks), institutions (universities, public sector agencies, financial bodies) and entrepreneurial processes (e.g. the business birth rate, numbers of high growth firms, number of serial entrepreneurs, degree of sell-out mentality within firms and levels of entrepreneurial ambition) which formally and informally coalesce to connect, mediate and govern the performance within the local entrepreneurial environment’

There are now a number of models of entrepreneurial ecosystems .Daniel Isenberg at Babson College who has developed ‘entrepreneurship ecosystem strategy for economic development (2011a, p.1). He maintains that such an approach constitutes a novel and cost-effective strategy for stimulating economic prosperity. According to Isenberg, this approach potentially ‘replaces’ or becomes a ‘pre-condition’ for the successful deployment of cluster strategies, innovation systems, knowledge economy or national competitiveness policies (Isenberg, 2011a). He identifies six domains within the entrepreneurial system: culture, enabling policies and leadership, availability of appropriate finance, quality human capital, venture friendly markets for products, and a range of institutional supports (Figure 1). These generic domains comprise hundreds of elements interacting in highly complex and idiosyncratic ways. Identifying generic causal paths is therefore of limited value. He therefore