Recent Trends in Entrepreneurship

Abstract

Intrapreneurship is the process in which big corporate encourage entrepreneurial characteristics in their own managers. Intrapreneurs are intra-corporate entrepreneurs. They have a desire to achieve. If they are not provided with freedom, autonomy, adequate resources; they leave the organization and launch their own ventures. They are creative. With their creative ideas, they enable their companies to adapt to the changing environment and achieve growth and prosperity. Rural entrepreneurship plays an important role for economic development in developing countries like India. Rural entrepreneurship helps in development of backward regions and removes poverty. Rural entrepreneurs need support for infrastructure development, investment in agriculture, promotion of non-farm rural activities, education, health services, etc. Social entrepreneurs are interested in social mission. They create and sustain social value by engaging in the process of innovation and adaptation. They tackle a social need that is unattended by others. They create new social opportunities. They bring about social changes. They strive to maximize some form of social impact. They face numerous difficulties in fulfilling their social mission. Women entrepreneurs are mainly motivated by economic incentives, desire for independence, and better social status. They get satisfaction, economic independence, and flexibility of operations, work location and working hours through entrepreneurship. In addition to the problems faced by entrepreneurs in general, they have to face additional problems related to their womanhood. They have to maintain an appropriate degree of workhome balance.