March'19
The IUP Journal of Entrepreneurship Development
Focus
Enterprise is an outcome of the vision and idea channelized in right settings. The
enterprises visibly contribute to the economic development of a country. Out of the many successful enterprises being created, there are many failures too.
Many of the ideas might not have got the right support and direction in making of an enterprise. Hence, to promote entrepreneurship, the roots have to be addressed which can nurture the ideas for taking the right shape. This issue contains papers addressing the ground issues in promoting entrepreneurship.
The first paper, “Entrepreneurial Prospects of Poultry Layer Farming in Bangladesh: A Stochastic Frontier Analysis”, by Md. Mahmudul Hassan, analyzes the Technical Efficiency (TE) of poultry layer production in Bangladesh. The study was conducted on a sample of 100 poultry farmers selected from Kishoreganj and Dhaka districts in Bangladesh. The data was analyzed using stochastic parametric practice to evaluate the TE of the poultry farms. Poultry being one of the economical sources of nutritious food for Bangladesh, this study gives significant insight for policy makers for increasing the efficiency of poultry farming.
The next paper, “Nativity and Its Bearing on the Students’ Intentions for Entrepreneurship: An Empirical Study”, by Swetha Jain, Vivek Ranga and P Venkateswarlu, examines the influence of nativity on entrepreneurial intentions. The data for the study was collected from students of management program in a business school in Ahmedabad. The Ajzen’s Theory of Planned Behavior (TPB) model was applied for explaining the difference in entrepreneurial intentions of the students who have come from rural and urban backgrounds. The results indicate that all independent variables, except nativity have significant contribution in accounting for the variance in entrepreneurial intentions.
This issue also carries a award winning case study, “Dr. Devi Shetty of Narayana Hrudayalaya: Delivering Quality Cardiac Care to the Masses”, by G V Muralidhara. The case discusses the growth of Narayana Hrudayalaya (NH)—a social enterprise set up with the objective of providing affordable healthcare to the needy—its emergence as a chain of well-run hospitals across India, and its foray into foreign countries. The case further highlights the decision of the company to go in for an IPO and poses the question whether this would affect the social objective of the organization in view of the pressures it would face in achieving short-term results as a publicly listed company. The case study address a dilemma that every growing enterprise would have in going public, in meeting the required expansion.
Consulting Editor
Entrepreneurial Prospects of Poultry Layer Farming in Bangladesh: A Stochastic Frontier Analysis
The present study analyzes the Technical Efficiency (TE) of poultry layer production in Bangladesh for a sample of 100 poultry farmers selected from Kishoreganj and Dhaka districts in Bangladesh. Stochastic parametric practice is employed to evaluate the TE of the sample poultry farmers. The results show that size of Day Old Chicks (DOC) and feed input played a crucial role in egg output. Estimated mean TE was 34%, 48% and 61% for layer small, medium and large farm respectively and this variation proposes the existence of further opportunities for layer farmers in sample area to intensify their productivity and income with improvements in TE. Different socioeconomic variables were observed to be negatively related to technical inefficiency. Ensuring the availability of quality DOC and feed, vaccination service, tax exemption, subsidy, poultry insurance with an all-out poultry-friendly policy are the needs of the current situation.
Nativity and Its Bearing on the Students’ Intentions for Entrepreneurship: An Empirical Study
The present paper attempts to identify the difference in the entrepreneurial intentions of the students who have come from rural and urban backgrounds. The study is conducted on the students pursuing management program in a business school in Ahmedabad. Ajzen’s (1991) Theory of Planned Behavior (TPB) model is applied to understand the predictors of entrepreneurial intentions and the effect of nativity on it. TPB takes into account the psychological variables for explaining the intentions, which offer theoretical framework for predicting the entrepreneurial intentions (Krueger et al., 2000). The results show that independent variables like personal attitude, subjective norm, perceived behavior control and nativity account for 82% of variance in the dependent variable, entrepreneurial intentions. The multiple regression analysis indicates that all the three variables—personal attitude, subjective norm and perceived behavior control—have significant influence on entrepreneurial intentions. However, nativity has no influence on entrepreneurial intentions.
Dr. Devi Shetty of Narayana Hrudayalaya: Delivering Quality Cardiac Care to the Masses
This case discusses the growth of Narayana Hrudayalaya (NH) – a social enterprise set up with the objective of providing affordable healthcare to the needy – its emergence as a chain of well-run hospitals across India, and its foray into foreign countries. The case further highlights the decision of the company to go in for an IPO and poses the question whether this would affect the social objective of the organization in view of the pressures it would face in achieving short-term results as a publicly listed company.
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