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Author(s): Sharda Gangwar | Master Sujit Ku. Vishwakarma

Journal: International Journal on Research and Development : A Management Review
ISSN 2319-5479

Volume: 2;
Issue: 1;
Start page: 85;
Date: 2013;
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This Paper sets out to develop a model of entrepreneurial action that takes its point of departure in entrepreneurs’ experiences of risk-taking, opportunity identification and the role of self. By focusing on what entrepreneurs experience as relevant aspects of their life worlds the goal is to attain a better understanding of the drivers and motivations of venture creation and development, it is also important that how much entrepreneurs thinks about the welfare of the society and do work for them and not for the profit earning . We can also discuss the problems, opportunity and there cure for the entrepreneurs, because education system and the cultural trends is not supportive to develop entrepreneurs skill in the youth of the country. The proportion between the male and female entrepreneurs also and important aspect so, role of women entrepreneurs not to be taken at lighten, and opportunity to these people so that they can enhance their talent and make a good business plan for the country and also for the company. Based on the individual studies, the discussion section outlines the contours of a general model of entrepreneurial action that centers around the questions: Who am I?, What do I see?, What do I do?, and What are the effects? By taking the experiences of the acting entrepreneur as the point of departure, it is also possible to re-examine many questions and assumptions in the study of entrepreneurship. Theoretically the salience of individual experiences suggests a new understanding of who the entrepreneur is. It also indicates that personal and often conflicting perceptions of risks and opportunities, regardless of their realism, constitute important drivers of entrepreneurial action. Practically the results may allow entrepreneurs, managers, educators, venture capitalists and others to take more informed actions. For entrepreneurs the results may increase awareness of their own role, problematize risks and opportunities, and also suggest new and creative ways for developing the venture. More specifically the results can be used as an analytical template in the evaluation of, e.g. financial and technological risks. The thesis also contributes methodologically by demonstrating how phenomenological methodologies may advance understanding of entrepreneurship and entrepreneurial action..

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