Going by the description of the term entrepreneur, namely “an individual who, rather than working as an employee, runs a small business and assumes all the risks and rewards of a business venture, idea, or goods or service offered for sale” at one end and “The entrepreneur is commonly seen as a business leader and innovator of new ideas and business process”at the other end, one cannot be faulted to take a peek at the country’s masses in a major way more inclined to be employees rather than entrepreneurs, a virtual tradition of India’s diaspora, barring exceptions. A glance at the current feature of the Information Technology (IT) sector with employees in numbers of astronomical proportions and entrepreneurs in countable numbers seems to support the above perception. We have to go by the scientific theory that genes play a dominant role in creating the scenario of the presence of specific communities in the world of entrepreneurs, the rest preferring to be employees.
Ironically enough, institutions teaching principles of managing business have taken birth all over the country in numbers and on a scale far outstripping the number of enterprises (in real terms) in various sectors, particularly the manufacturing sector. If one wishes to labour the point, even government-owned businesses are heading for pulling their shutters down or palm them off to private parties.
The initial promise of landing a cushy job after arming oneself with either an undergraduate degree or even a post-graduate diploma or degree in Business Management (BBM or MBA) has evaporated into thin air within a decade after business schools took birth numerically exceeding 1,000, not excluding the products of the prestigious Indian Institutes of Management (IIMs). The graduates of this new-found speciality taking to jobs with unattractive pay packet and also unrelated to their training is a sad commentary on the country’s planning machinery in the matter of marshalling its human resources, in a sense a poorly addressed national enterprise as it were.
In the wake of the land’s companies slowing down their annual exercise of talent hunt in professional colleges, a ray of hope has come from the Union Minister for Food Processing who has disclosed the plan to set up mega food parks with a big outlay, a measure aimed at not only creating jobs but also turning farmers into entrepreneurs. Success of this measure is eagerly awaited by all in the land.