THE NEED FOR CAPACITY BUILDING IN AUGMENTING AN ENTREPRENEURIAL DEVELOPMENT ACROSS THE COUNTRY
Journal Title: International Journal of Research in Social Sciences - Year 2017, Vol 7, Issue 5
Abstract
Entrepreneurs create new businesses. Entrepreneurship not only plays a revolutionized role but also invigorates economic freedom unfurling economic sustainability with an effectual social change. Simultaneously it also strengthens one’s morale and adds some vital inputs to their lives which can have a cascading effect on our economy on a positive note. Thus it have been precariously noted that an ambience of entrepreneurship, a mind of an enterprise is required to stimulate the intrinsic ideas and galvanize our economic and social growth to the utmost. Capacity building in this arena draws a significant corner in supplementing an escalated entrepreneurship development throughout the country. Capacity building is the process of unleashing, strengthening, creating, adapting and maintaining capacity over time (OECD, 2006). Capacity building in all levels – individual, social and organizational –is needed to enable an overall development. It has been found that people often dither to take up entrepreneurial activities in our country. These unwitting and unobservant attitudes need to be changed. Here comes the need for capacity building through various strategies, structures, information, skills, understanding, knowledge, standards, assessment and overall enforcement. The paper delves deep into the relevance and the dire need of capacity building in the field of entrepreneurship development and how can capacity development nourish and equip oneself with the adroitness and prowess of an entrepreneur who can create a virtuous cycle in our economy and rise high above the plateaued growth.
Authors and Affiliations
Wendrila Biswas And Dr. Arunangshu Giri
Keywords
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