Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors
Entrepreneurship development has become the centre of many emerging economies as it is believed that entrepreneurship contributes significantly to economic growth. Quite a good number of researches have been done on factors that determine entrepreneurial success. However, the farm sector has been ne...
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| Format: | Article |
| Language: | English |
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Indian Council of Agricultural Research
2021-04-01
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| Series: | The Indian Journal of Agricultural Sciences |
| Subjects: | |
| Online Access: | https://epubs.icar.org.in/index.php/IJAgS/article/view/111630 |
| _version_ | 1828034071723245568 |
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| author | KOBBA F M S NAIN RASHMI SINGH J R MISHRA SHITU G A |
| author_facet | KOBBA F M S NAIN RASHMI SINGH J R MISHRA SHITU G A |
| author_sort | KOBBA F |
| collection | DOAJ |
| description | Entrepreneurship development has become the centre of many emerging economies as it is believed that entrepreneurship contributes significantly to economic growth. Quite a good number of researches have been done on factors that determine entrepreneurial success. However, the farm sector has been neglected for far too long. Present study, looked at a comparative analysis of farm and non-farm sectors in Krishi Vigyan Kendra (KVK) and Rural Development and Self Employment Training Institute (RUDSETI) to determine the factors that predict entrepreneurial success. A semi-structured interview schedule was used in 2019 to solicit information on sociodemographic and entrepreneurial characteristics from respondents. Entrepreneurs were categorized into successful and non-successful based on turnover, income and number of employees. Discriminant function analysis was used to predict the determinants of success in both farm and non-farm sectors. Results revealed that in the farm sector, four determinants of entrepreneurial success were family size, land size, turnover and annual income whereas in the non-farm sectors five determinants of entrepreneurial success were long term involvement, initiative, number of employees, entrepreneurial experience and annual income. Chi-square showed no significant difference in the success rate between farm and non-farm entrepreneurs. Policies to create the enabling environment to address access to market, market information and credit should be put in place for higher success rate of potential entrepreneurs. |
| first_indexed | 2024-04-10T15:28:33Z |
| format | Article |
| id | doaj.art-e664dcd9219d4195b654ad22491b757d |
| institution | Directory Open Access Journal |
| issn | 0019-5022 2394-3319 |
| language | English |
| last_indexed | 2024-04-10T15:28:33Z |
| publishDate | 2021-04-01 |
| publisher | Indian Council of Agricultural Research |
| record_format | Article |
| series | The Indian Journal of Agricultural Sciences |
| spelling | doaj.art-e664dcd9219d4195b654ad22491b757d2023-02-14T08:09:35ZengIndian Council of Agricultural ResearchThe Indian Journal of Agricultural Sciences0019-50222394-33192021-04-0191210.56093/ijas.v91i2.111630Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectorsKOBBA F0M S NAIN1RASHMI SINGH2J R MISHRA3SHITU G A4ICAR-Indian Agricultural Research Institute, New DelhiICAR-Indian Agricultural Research Institute, New DelhiICAR-Indian Agricultural Research Institute, New DelhiICAR-Indian Agricultural Research Institute, New DelhiICAR-Indian Agricultural Research Institute, New DelhiEntrepreneurship development has become the centre of many emerging economies as it is believed that entrepreneurship contributes significantly to economic growth. Quite a good number of researches have been done on factors that determine entrepreneurial success. However, the farm sector has been neglected for far too long. Present study, looked at a comparative analysis of farm and non-farm sectors in Krishi Vigyan Kendra (KVK) and Rural Development and Self Employment Training Institute (RUDSETI) to determine the factors that predict entrepreneurial success. A semi-structured interview schedule was used in 2019 to solicit information on sociodemographic and entrepreneurial characteristics from respondents. Entrepreneurs were categorized into successful and non-successful based on turnover, income and number of employees. Discriminant function analysis was used to predict the determinants of success in both farm and non-farm sectors. Results revealed that in the farm sector, four determinants of entrepreneurial success were family size, land size, turnover and annual income whereas in the non-farm sectors five determinants of entrepreneurial success were long term involvement, initiative, number of employees, entrepreneurial experience and annual income. Chi-square showed no significant difference in the success rate between farm and non-farm entrepreneurs. Policies to create the enabling environment to address access to market, market information and credit should be put in place for higher success rate of potential entrepreneurs.https://epubs.icar.org.in/index.php/IJAgS/article/view/111630EmploymentEntrepreneurshipParticipant observationTrainingYouths |
| spellingShingle | KOBBA F M S NAIN RASHMI SINGH J R MISHRA SHITU G A Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors The Indian Journal of Agricultural Sciences Employment Entrepreneurship Participant observation Training Youths |
| title | Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors |
| title_full | Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors |
| title_fullStr | Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors |
| title_full_unstemmed | Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors |
| title_short | Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors |
| title_sort | determinants of entrepreneurial success a comparative analysis of farm and non farm sectors |
| topic | Employment Entrepreneurship Participant observation Training Youths |
| url | https://epubs.icar.org.in/index.php/IJAgS/article/view/111630 |
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