Case Study Of Rural And Social Entrepreneurship

Although this study emphasis on qualitative research for the formulation of key concepts and operationalization; another important requirement is the availability of a requisite data, and it is rather problematic in general for the formulation of key concepts and operationalization, a second requirement is the availability of a requisite data, and this is still rather problematic in general.

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Entrepreneurial activities creating local public goods for a community have a comparative advantage over the absolute market-oriented activities.

This paper tries to follow a case study method to analyze the community-based entrepreneurship in a marginal community (Muslim).

Many self-employed Muslim workers and small businesses in urban centers in a non-Islamic society indicate that they bound to have a great propensity for entrepreneurship compared to the indigenous population.

The government needs to introduce a policy with implicative measures for financial and technical support to these entrepreneurial activities.

In addition, inquiries suffer from a uniformity of methods, and a case study design reigns. The study has taken Friendly Mart as a case study to understand community-based entrepreneurship; events and activities are limited to a single occurrence.

However, the drawback of a single-case design is its inability to provide a generalizing conclusion.It is discouraging to observe the general lack of success of the entrepreneurial venture as very few examples are there to be replicated.These failures suggest that there are many gaps in our understanding of entrepreneurial processes.A recent research and theory on transitional economies, together with growing interest in micro-credits, has an effect on community issues as principal elements of entrepreneurial activity among underprivileged people (Bates ), and efforts to encourage entrepreneurship in developing countries have been shaped by a western outlook.But societies differ substantially in the degree to which they incorporate elements of entrepreneurship (Hofstede ).This has often led to a lack of ownership on the part of the local population and beneficiaries.It is exemplified by the fact that once the finances of a project dry out, the interest of the local population also recedes.To alleviate poverty, development agencies and multinational organizations have been greatly involved in interventions in the developing world for many decades.It has been observed that the most widely adopted approaches have often been paternalistic, even if unintentionally, while ignoring the strength of local institutions (Davis ).India being the materially disadvantaged economy is characterized by hierarchical social systems based on ethnicity, caste, gender, religion, economic and social status, and other factors; limited or non-existent welfare systems; subsidies eliminated as part of debt reduction programs; and a high level of unemployment.These features can be a stimulant to prospective entrepreneurs, though such entrepreneurs face characteristics uncertainty and risks due to political, social, and economic instability and lack of access to capital and institutional support (Leff ).