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Entrepreneurship as the Vantage Point

Entrepreneurship as the Vantage Point
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Author(s): Madhu Kishore Raghunath Raghunath Kamakula (GVP College of Engineering (Autonomous), India) and Chandra Sekhar Patro (GVP College of Engineering (Autonomous), India)
Copyright: 2018
Pages: 11
Source title: Encyclopedia of Information Science and Technology, Fourth Edition
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-5225-2255-3.ch263

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Abstract

Entrepreneurship is the impetus for development of any nation. Entrepreneurship is a revolution to ignite the minds of low spirited youth and would be considered as a means to revolutionize enterprises. Industrialization and entrepreneurship go on same lines as the former created foundation for current modernized Indian enterprises, so does later. ‘Ideas are many but execution is a cup of few'. There are many people who come up with different ideas at every point, but entrepreneurs are the one who pull off rabbit out of the magic hat. In today's world, entrepreneurship has become an act of inspiration which eventually have a compounding effect on society, benefiting the mankind. India is going through a new phase where one is going to witnesses old wine in a new bottle i.e., start-ups, which is nothing but an act of entrepreneurship, being the vantage point to all businesses. The purpose of the chapter is to articulate the potential importance the word entrepreneurship holds and the tools of IT used in entrepreneurial development.

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