KNOWLEDGE ENTREPRENEURSHIP IN INDIA

Dharm Bir Singh; Mohita Maggon

Dharm Bir Singh Director, GNIT, Greater NOIDA, Uttar Pradesh.
Mohita Maggon Faculty (Management Studies), NIET, Greater NOIDA, Uttar Pradesh.

Keywords: Entrepreneurship, Knowledge Enterpreneurship

Abstract

Entrepreneurship is the professional application of knowledge, skills and competencies of monetizing a new idea by an individual or an organization. Knowledge entrepreneurship is the ability to recognize or create an opportunity and take action aimed at realizing the innovative knowledge in practice or product. Environmental awareness, attitude towards risk, entrepreneuring, new project support and communication are some of the factors affecting Knowledge Entrepreneurship. Status of knowledge entrepreneurship in India is less researched area and therefore conclusive findings are not there to illustrate the point. However the topic has gained sufficient interest in western contries particularly USA and Europe. Some useful research has been done on “Knowledge Entreptreneurship”. The theme of the entrepreneurial university has received lot of controversy even in USA. Some scholars and professional management practitioners stressed that it could lead to higher efficiency and higher competitiveness essential in the surges of the globalized education market. The objective of this paper is to highlight some key aspects and concepts of knowledge entrepreneurship.