CHARACTERISTICS OF ENTREPRENEURS: A COMPARATIVE STUDY OF SMALL SCALE ENTREPRENEURS OF SRILANKAN AND BANGLADESH Nimalathasan, B Ph.D Scholar (SAARC), Department of Management studies, Faculty of Business Administration, University of Chittagong, Chittagong-4331, Bangladesh
People are the most valuable resourcewithin any country. There appears to be a strong linkage between the training, attitudes and goals of people and the level of economic growth within a country. An essential ingredient in the economic growth of any country is the key individual who promotes change and development, these persons may be called entrepreneurs. The Entrepreneurs are playing a major role in acceleratingthe pace of economic development the world over by their innovative and creative approach to the process of production and product launching in the market. They have thus helped to guide a new economic order by perception of new opportunities and converting them into profitable ventures. Hence various studies have been done on the above theme, but no studies have been conducted in SriLankan and Bangladeshperspectives, especially in Small Scale Entrepreneurs.Presentstudy is initiated Characteristics of Entrepreneur, a comparativestudy of Small Scale Entrepreneursof SriLankan andBangladesh with the as samples of fifty (50). Factor analysis shows that SriLankan entrepreneurs have characteristicssuch as seeking opportunity,persistence, commitment to work contract, demandfor work quality and efficiency, risk taking, visionary,similarly Bangladeshientrepreneursalso have above characteristicsexcept visionary. Keywords: Entrepreneurs, Characteristicsof Entrepreneurs, Entrepreneurship,Economic Growth, Industrialdevelopment
1.0 Background of the Study
The Products or Services are produced to satisfy human needs. While considering the fact the most of the commodities produced, services rendered, the way they are performed through Small Business Enterprises, the field of small business drew attention of the researcher . But limited opportunities for jobs in unemployment and scarcity of capital are some factors, which prevail, here searching for the best way to gain success in these factors. Therefore, Small Business Entrepreneurs are given prominence to accomplish a product or service or to undertake an enterprise successfully. Entrepreneurship is a process undertaken by an entrepreneur to augment his business interests. It is an exercise involving innovation and creativity that will go towards establishing his or her enterprise. Entrepreneurship is a compose skill, the resultant of a mix of many qualities and traits, which include tangible factors as imagination, readiness to take risks, ability to bring together and put to use other factors of production, capital, labour and land as well as other intangible factors such as managerial skill, ability to mobilize scientific and technological advances etc. In practice, entrepreneurs have historically altered the direction of national economies, industries, or markets. They have invented new products and developed organizations and the means of production to bring them to market according to their characteristics. The characteristics of an entrepreneur differ from entrepreneur to entrepreneur, even though, the characteristics of an entrepreneur that contribute to success are the result of his...