Capability Approach: A Prospective Basis for Measuring the Entrepreneurial Development Schemes

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Author(s): Vinay Sharma (Indian Institute of Technology, Roorkee, India), Prasoom Dwivedi (University of Petroleum and Energy Studies, India)and Piyush Seth (Sahara Arts and Management Academy, India)
Copyright: 2013
Pages: 8
Source title: Business, Technology, and Knowledge Management in Asia: Trends and Innovations
Source Author(s)/Editor(s): Patricia Ordóñez de Pablos (Universidad de Oviedo, Spain)
DOI: 10.4018/978-1-4666-2652-2.ch017

Keywords: Business & Management / Business Science Reference / Global Business

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Abstract

This paper acknowledges the role of entrepreneurship for the development of the process of sustained livelihood. The paper proposes a systematic usage of the ‘Capability’ approach (Sen, 2000) as the basis of the methodology applied by agencies having objectives in lieu with the process of sustained livelihood, because of the wider applicability and span of this approach. Taking examples of rural non-farm sector schemes of NABARD (National Bank for Agriculture and Rural Development), the proposition of the usage of ‘Capability’ approach emphasizes the emergence of better criterion for measuring the effectiveness of the implementation of such schemes.

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Capability Approach: A Prospective Basis for Measuring the Entrepreneurial Development Schemes

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