Business Organization & Entrepreneurship

 

Dr. Aman Gupta

Assistant Professor

Shri JJT University

Dr. Santosh Kumar C. Hangaragi

  1. M.Phil., Ph.D.

Guest Faculty in Economics.

Government First Grade College,

Naubad, Bidar: 585401

Dr. Venkataramana N.

  1. M.Phil., Ph.D.

Assistant Professor in Economics,

Government Degree College

Sindhanu, Raichur Dist. (K.S.)

 

Description

Actions that are entrepreneurial and strategic are essential for the production of wealth, and the business opportunity is an essential component of the process of creating money. This book’s objective is to investigate the function that the strategic posture of the company plays in determining the link between individual vigilance and the discovery of new opportunities within the context of an already-established business. Through the use of a multilevel research strategy, this method makes a contribution to the development of entrepreneurship theory. The notion that entrepreneurship is one of the most significant business concepts to emerge in recent times is held by a large number of individuals. Additionally, some people believe that we are currently living through the fourth industrial revolution (or ” Industry 4.0). One of the most important aspects of this time period is the development of information and communication technology. The link between Organizational Entrepreneurship and Organizational Performance within the context of the Cooperative Extension System, which is a nationwide educational network that extends the knowledge that is based on research from land-grant colleges and universities. Both entrepreneurial orientation (Covin&Slevin, 1989) and entrepreneurial management were assessed over the course of this research (Brown, Davidsson, &Wiklund, 2001). Extension Directors from all throughout the country provided their responses to a questionnaire, in which they reported on Organizational Entrepreneurship and Organizational Performance based on financial and non-financial indicators. The field of entrepreneurship offers principles that can be used to continuously improve performance, which is especially useful for Extension organisations because they must cater to a more varied audience, navigate an increasingly complex funding mix, and keep up with rapidly advancing technologies. Businesses in today’s world are forced by the conditions of global competition to adapt to the present environment, to accelerate entrepreneurship and innovation-focused workings in order to continue in business. Research studies that have been conducted on this topic have shown that a company cannot be successful so long as it just has an entrepreneurial culture or only engages in entrepreneurial activity. Businesses in which activities centred on management, entrepreneurship, and innovation are combined in a way that is both reasonable and successful; the desired consequence is the provision of a competitive advantage and the maintenance of a high profit margin. Investigations into the innovation and entrepreneurial endeavours of the same national and international businesses were carried out as part of this study.

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