A Study on Impact of Dimensions of Applied Knowledge on Successful Entrepreneurship

Abstract

Micro, Small and Medium Enterprise (MSME) sector is the growth engine of the Indian economy. It has received due attention of policy makers of the country due to its share in national exports, employment and GDP. In the manufacturing sector, MSMEs constitute 95 percent of the total industrial units. Hence enhancing the competitiveness of this sector has become the priority of the Government of India. Micro, small or medium business owners are generally first time entrepreneurs with very little capital or without capital, need not only technical, marketing and managerial support but also require the much-needed seed capital to start the business. Many MSME units also need additional capital for technology up gradation, capacity expansion growth, and marketing and imports and exports. This research is an empirical study undertaken in the Tamilnadu state of India and aims to identify the factors that influence the impact of dimensions of applied knowledge on successful entrepreneurship.