Support Systems for Enterpreneurs

Moulik T K

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: To accelerate the growth of entrepreneurship, it is absolutely necessary to develop various support systems at least at the initial stages of growth. This paper examines the various kinds of need-based support system for development of small scale industries through self employment oriented entrepreneurship development programmes. The need-based support system as discussed in the paper is a process which starts right from the selection of entrepreneurs, setting up of the industry and bringing it up to the production stage to the point of breakeven. The suggested support system is classified into four sequential stages: Selection and Training, Pre-investment stage, Operational stage and Post-investment stage. The paper then examines the existing structure of the support system and suggests the need based support system in order to strengthen the supporting mechanism by filling up the gaps. The special emphasis was given in the process of strengthening the support systems in the selection and training requirements for the entrepreneurship in backward areas and also the kind of marketing support system needed. In other words, the whole support system as postulated in the paper, is a developmental role rather than merely a financial role, which will necessitate an integrated role behavior of all the institutions and organizations in the support system.

Date: 1976-10-01
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