Page 6 - IMDR JOURNAL 2020-21

IMDR’s Journal of Management Development and Research 2020-21

Objectives of the study: who innovates, raises money, collects inputs
The Author has considered the following objectives organizes talent, provides leadership and sets the
for the study: organisation. A few elements of Entrepreneurship
1. To understand the concept of Aatma-Nirbhar have been prescribed as Creativity & Innovation,
Bharat constituted by the Government of India Ability to apply Creativity, Drive and Passion, Focus
2. To study the phenomenon of Entrepreneurship on creating Value, Risk Takers and Investment &
as catalyst to Aatma-Nirbhar Bharat. Courage.

Research Methodology:
An Article on Entrepreneurship as the Catalyst
to Aatma-Nirbhar Bharatis a conceptual article
conducted massively by the help of Secondary data.
The article aims to understand the concept of Aatma-
Nirbhar Bharat constituted by the Government
of India. The article further aims to study the
phenomenon of Entrepreneurship as catalyst to
Aatma-Nirbhar Bharat. The study encompasses the
review & understanding of Entrepreneurship and
Aatma Nirbhar Bharat. The inferences gathered
through the study reflect the learning on the Aatma
Nirbhar Bharat campaign and it does connect with
the Entrepreneurship domain.

Entrepreneurship: Concept & Perspective

“When I told myself that I was a leader, the
world changed for me.”
-Phanindra Sama, redBus.in

Leadership is reflected through Entrepreneurship.
The Society benefits with the entrepreneurial
ventures. Entrepreneurship is referred as the
creation of value by people working together to Entrepreneurs have been considered instrumental
implement an Idea through the application of drive in initiating and sustaining socio - economic
and a willingness to take risk. (Taneja& Gupta, development. India with a Population of close to 1.3
2003) Entrepreneur is the agent who buys means of billion comprises of approx. 20% of its population
production at certain prices, in order to sell at prices as Entrepreneurs. Entrepreneurs are stated to be
that are certain at the moment at which he commits the Change Agent in the Society. Entrepreneurship
himself to his cost. Entrepreneurship may be defined in this context becomes the essential aspect of
as the utilization of one productive factor of the societal growth. Development of such vital aspect
other productive factors for the creation of economic is utmost important. One of the ways to develop the
goods.As per Peter Drucker, an Entrepreneur is entrepreneurial instinct in the Nation would be to gather
one who always searches for change, responds to it understanding on the avenues of Entrepreneurship.
and exploits it as an opportunity. Innovation is an Self Employment& Entrepreneurial ventures leads
instrument of Entrepreneurship. (Taneja& Gupta, to enormous individual growth. To ascertain this
2003) Adam Smith, father of Political Economy, growth self empowerment is very essential. This self
suggests Entrepreneur has a role of an industrialist. empowerment may get accomplished by being Self
They have unusual foresight to recognize potential Reliant i.e., Aatma Nirbhar.
demand of goods and services. Joseph Schumpeter,
an economist, described Entrepreneur as person

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