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The IUP Journal of Entrepreneurship Development

March' 07
Articles

Entrepreneurship Development among Women: A Case Study of Self Help Groups in Srikakulam District, Andhra Pradesh

-- Shanmukha Rao Padala

Women entrepreneurship development is an essential part of human resource development. The development of women entrepreneurship is very low in India, especially in the rural areas. In advanced countries, there is a phenomenon of increase in the number of self-employed women after the Second World War. The scheme of Self Help Groups(SHGs), launched in 1982-83, inaugurated an era for systematically organizing women in groups for providing them opportunities of self-employment on a sustained basis in India. Several thousands of rural women from the length and breadth of the country participate in this program, and takeup a number of trades under the Self Help Group banner. Poverty alleviation is the ultimate goal of any nation. Studies have shown that the delivery of micro finance to the poor is productive, effective and less costly, if they are organized into SHGs. The SHG movement in India in general, and Andhra Pradesh in particular, has metamorphosed the rural economic scenario perceptibly.

Women Micro Technopreneurs of WWF, Chennai, Tamil Nadu

-- Shanthi Nachiappan and Santhi N

This article explores the role of developing agencies like non-profit organizations—in India, they are called Non-government Organizations (NGOs)—in the economic empowerment of women. One such NGO is Working Women's Forum (WWF), which has brought in gender equality among the economically weaker, socially down-trodden and less educated women in Chennai. This article proves that self-confidence and willingness to learn a technical skill have transformed the participating women into micro technopreneurs. They have acquired the elementary knowledge about technology and have used it in their technical ventures and gained fruitful results. These women micro technopreneurs and WWF are true role models for others to emulate.

Career Aspirations of Management Students with Special Reference to Entrepreneurship as Career

-- Naresh Singh and Ashish Mitra

This exploratory study was conducted with a convenient sample of 140 management students of IBS, Gurgaon to determine their aspirations with special reference to entrepreneurship as a career option. The findings of the study reveals that there is a strong correlation between the career to be opted as entrepreneurship by students in the future and the one preferred by their families. However, there is a weak relationship between future career plan of students and fathers' occupation.

Role of Information and Communication Technologies in the Enhancing Processes of Entrepreneurship and Globalization in Indian Software Companies

-- Venkataramana Gajjala

Information and Communication Technologies (ICTs) enable the hitherto untradable services to be traded internationally, just like commodities, via the Internet and the telephone—the recent outsourcing of software programming, airline revenue accounting, insurance claims and call centers to India, is a good example. Consequently, ICTs have enabled not only small and medium-sized firms but even start-ups to globalize their operations. For instance, Silicon Valley-based technology start-ups, owned and managed by foreign-born entrepreneurs, have successfully exploited India's software talent. This paper investigates the close relationship between ICTs, globalization and entrepreneurship. A theoretical basis for analysis is developed using the innovation theory to study the link between immigrant entrepreneurship and the processes of globalization, shaped through the use and proliferation of ICTs in developing countries. The theory is illustrated using seven case studies. This paper adds to the growing body of literature that emphasizes the aforementioned link as compared to the existing studies that have focused exclusively on the behavior of multinational corporations and national markets.

Vikram Akula's SKS Microfinance Pvt. Ltd. : The Making of a Successful Microfinance Institution

-- Sumit Kumar Chaudhuri and Rupesh Kumar Madhogaria

Vikram Akula set up SKS Microfinance Pvt. Ltd. (SKS) in 1998 to provide microfinance to the poorest sections of the Indian society that earns a per capita less than INR 6,000 ($120) per year. Negating the traditional assumption that microcredit is not a viable business in developing countries, SKS brought in a new microfinancing model in India, which is profitable and self-sustaining. By reducing costs through prevention of wastage at each step of the loan process, coupled with innovative technologies and an efficient management system, Akula has transformed SKS into one of the fastest growing microfinance institutions in the world. By attracting capital from global financial institutions like Citibank and through its automated MIS system and its award-winning SmartCards Pilot Project, SKS aims to grow at 400% per annum in the future. The basic objective of the case is to understand the concept of microfinancing and its need in a developing economy like India; to analyze the role of innovative technologies in the growth of social ventures; and to debate on the self-sustainability and future growth prospects of SKS in India.

The Normative Context for Women's Participation in Entrepreneurship: A Multicountry Study

-- Summarized by Madhuri Modekurti

This is a study that analyzes at the participation of women in entrepreneurship and examines the impact of specific norms of different countries that support women's entrepreneurship. According to the Global Entrepreneurship Monitor (GEM) women basically represent a largely untapped pool of entrepreneurial talent and their level of involvement in entrepreneurial activities in comparison to the men is substantially less. GEM also found that the males' rates of entrepreneurial activity are three times more than that of females in some countries.

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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