Absorption and Intensity of Entrepreneurism in a Large Business Enterprise - Study of Steel Authority of India Limited

Abstract

This paper presents the findings of the study of a large public sector corporation in India where entrepreneurial initiatives were taken to respond to drastic changes in the business and economic scenario and the emerging need of globalisation. Using a framework of strategic management, the process of absorbing entrepreneurship has been traced and efforts have been made to quantify the intensity of entrepreneurism by administering an instrument of six point rating scale to 210 executives. The study has brought out that the process of absorbing entrepreneurship through certain initiatives has been useful to this corporation in managing change successfully. The intensity of entrepreneurism is between moderate to high which can be further strengthened by concentrating more on assessing external opportunities and creating a climate of taking benefits from these opportunities by applying creativity. The paper also outlines the areas for future research in organisational entrepreneurism.

Influence of Behavioural Traits on Strategies of New Age Indian Entrepreneurs

“…The selection of the seven behavioural traits, namely, ‘Initiative’, ‘Sees and Acts on Opportunities’, ‘Persistence’, ‘Problem-solving’, ‘Self-confidence’, ‘Assertiveness’ and ‘Persuasion’, for this study, is also based on the study carried out by Kumar and Haran (1997) regarding entrepreneurial characteristics of senior managers of SAIL (Steel Authority of India Ltd.). They had utilised a Self-rating Questionnaire of EDII (Entrepreneurship Development Institute of India), Ahmedabad, India and these seven traits were found to have top scores among thirteen behavioural traits.…”

Impact of Behavioural Traits on Reasons for Commencement of Business Venture by New Age Indian Entrepreneurs

“…The current study has utilised 7 behavioural traits, i.e., 'Initiative', 'Sees and Acts on Opportunities', 'Persistence', 'Problem-solving', 'Self-Confidence', 'Assertiveness' and 'Persuasion'. These traits have been selected on the basis of research of Kumar and Haran (1997). The 8 th behavioural trait of 'Risk-taking Tendency' has been derived from the study of Cunningham & Lischeron (1991).…”