Scribd
Upload
6K views15 pages

Entrepreneurial Environment

This document discusses the entrepreneurial environment and factors that influence entrepreneurship. It defines the entrepreneurial environment as comprising political, economic, social, technological, legal, and cultural factors. Each segment is then described in more detail. The political environment includes the political atmosphere and quality of leadership. The economic environment consists of economic policies, labor, trade, tariffs and incentives. The social environment is made up of consumer attitudes, opinions, and motives. Technological factors relate to competition, risk, efficiency and productivity. The legal environment governs rules and regulations. Finally, the cultural environment shapes aspirations, values and social structures. The document outlines how these various environmental factors can either support or hinder organizational growth for entrepreneurs.

Uploaded by

cynthiya4mba
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
6K views15 pages

Entrepreneurial Environment

This document discusses the entrepreneurial environment and factors that influence entrepreneurship. It defines the entrepreneurial environment as comprising political, economic, social, technological, legal, and cultural factors. Each segment is then described in more detail. The political environment includes the political atmosphere and quality of leadership. The economic environment consists of economic policies, labor, trade, tariffs and incentives. The social environment is made up of consumer attitudes, opinions, and motives. Technological factors relate to competition, risk, efficiency and productivity. The legal environment governs rules and regulations. Finally, the cultural environment shapes aspirations, values and social structures. The document outlines how these various environmental factors can either support or hinder organizational growth for entrepreneurs.

Uploaded by

cynthiya4mba
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

ENTREPRENEURSHIP

DEVELOPMENT
SEMINAR

BY
M.SOUNDARRAJAN(MBA 953)
N.PREMKUMAR(MBA 942)
ENTREPRENEURSHIP
ENVIRONMENT
It refers to various factors within which the
enterprises-big,medium,small and others have to
operate. Entrepreneurship is influenced by an
environment created by political, social, economic,
national ,legal forces, etc.,
SIX IMPORTANT SEGMENT
Political environment- political atmosphere, quality
of leadership
Economic environment- economic
policies,labour,trade,tariffs,incentives, subsidies
Social environment- consumer, labour,
attitudes,opinions,motive.,
Technological Environment-
competition,risk,efficiency,productivity,profitability
Legal environment-Rules,regulation
Cultural environment- Structure aspiration and
values
POLITICAL ENVIRONMENT
Law and order is of high priority
Government policies should be followed
Frequent updation of political condition are needed
ECONOMIC ENVIRONMENT

It comprises of
Land
Availability of raw materials
Skilled labour
Infrastructure
Machinery
Capital
SOCIAL ENVIRONMENT
Family background
Kith and kin's(Relatives, friends and teachers)
Religion
Social status
Social mobility
Social marginality
LEGAL ENVIRONMENT
Registration
Licensing
Location
Acquisition
Payment of wages
Taxes
Environmental rules
CULTURAL ENVIRONMENT
Corporate culture is an invisible quality which decide
how effective the organization is in the market place.
Cultural consists of
• Tangible man-made objects like furniture, buildings
etc.,
• Intangible concepts like Law, morals, knowledge.
• Values and behavior acceptable by the society.
TECHNOLOGICAL ENVIRONMENT
Selection of proper technology.
 leads to higher productivity.
Reduction of cost.
Upgradation enables business community to
cope up with rapid growth.
It gives competitive advantage.
Contd..
Product and process realities.
Quality.
Environmental safety.
Innovation.
ENVIRONMENTAL FACTORS
AFFECTING
ENTREPRENEURSHIP
ENTREPRENEURIAL ENVIRONMENT

It is essential for entrepreneurship is the presence of a


favourable business environment.
It is dynamic.
Impact depends on degree to which organization
depends on environment.
It affects the performance of the organization.
FACTORS HINDER ORGANIZATIONAL GROWTH

Sudden changes in government policy.


e.g.- If policy in US is changed it affects the Indian
exporters.

Outbreak of war or regional conflicts.


e.g. –telengana issue in Andhra Pradesh
Political instability or hostile government attitude towards the
industry.
Contd..
Excessive redtapism and corruption among
government agencies.
Ideological and social conflicts.
Unreliable supply of power, materials, finance, labour
and other inputs.
Rise in cost of input.
Unfavorable market fluctuations.
Non-co-operative attitude of banks and financial
institutions.
THANK YOU

You might also like