Abstract
The problem of entrepreneurial shortage as it affects the growth of industry in the less developed countries would seem to have two mutually reinforcing aspects i) The economic environment not generally conducive to the emergence and training of the persons likely to prove successful in initiating industrial activities, and (ii) That even if there was a good supply of such persons, their task as industrial entrepreneurs in a pre-industrial economy would tend to be an extremely difficult one. They shall have to start from the scratch. The personal traits of the respondents represent the psychological framework of the respondents to know the business opportunities and to start and manage the business. The personal traits consist of so many psychological aspects. Entrepreneurship is essential function and behaviour manifestation of a person for shifting resources from areas of low productivity to higher productivity. It is traits like willingness to take risk, high economic achievement motivation, self-confidence, problem solving disposition, adequate knowledge and skill, ability to face uncertainty and good managerial ability. This study will be of immense use for the policy makers and administrators engaged in the development of the small scale industrial sector in the southern districts of Tamilnadu. This study may also be of good use to the academic fraternity engaged in the state’s industrial development studies.
Highlights
The United Nations Industries Development organization, has defined industrial estates as “a planned clustering of industrial enterprises offering developed sites, pre-build factory accommodation and a variety of services and facilities to the occupants [1].One of the factors inhibiting industrialisation of under developed countries is social deterrent, while others being economic, administrative and international factors
The problem of entrepreneurial shortage as it affects the growth of industry in the less developed countries would seem to have two mutually reinforcing aspects, (i) The economic environment not generally conducive to the emergence and training of the persons likely to prove successful in initiating industrial activities, and (ii) That even if there was a good supply of such persons, their task as industrial entrepreneurs in a pre-industrial economy would tend to be an extremely difficult one
Personal traits of the entrepreneurs are analysed in order to identify whether they have the requisite disposition to undertake activities, which are independent and self-sustaining thereby contributing to their entrepreneurship
Summary
The United Nations Industries Development organization, has defined industrial estates as “a planned clustering of industrial enterprises offering developed sites, pre-build factory accommodation and a variety of services and facilities to the occupants [1]. The important variables that influence the respondents to the initiation and management of the enterprise are economic independence, self-interest and technical knowledge since the communality values are 0.8919, 0.8180 and 0.7460 respectively The present study confines the variables to economic independence, self-prestige, employment opportunities, technical knowledge, urge to achieve, aspiration about children, financial assistance, use of idle funds, self-interest, encouragement of family members, organizational skill, self-employment, revival of sick unit, social status, entrepreneurial experience, family background, traditional/hereditary, market potential, earning income, more dependents, unemployment and challenge seeking. By Eigen values, the most important factors that influence the respondents to the initiation and management of the enterprises are achievement and support factor and interest factor since the Eigen values are 4.3854 and 2.8899 respectively
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