2.50
Hdl Handle:
http://hdl.handle.net/10547/223064
Title:
Opening doors to closed ventures: an entrepreneur’s vision
Authors:
Roomi, Muhammad Azam ( 0000-0001-6633-2313 ) ; Srinivasan, Kshama
Abstract:
The case study is about Vel, supervisor at a yarn factory in south India, when his company retrenched employees and closed down due to a loss in business. His previous experience and skill in the yarn industry, enabled to open up a small entrepreneurial venture in manufacturing yarn. His successful business led others to start similar and allied industries in the area. He then diversified the business into related areas in dyeing yarn; manufacturing innovative Indian clothes and doing ‘Finishing processes’ in ready-mades. The case explains how entrepreneurs exploit business opportunities, regardless of the resources they have to make profit. It shows how they use creativity to exploit business opportunities and manage resources to achieve profit and competitive advantage in creating wealth. It emphasises on complementary skills; prior experience; marketing skills, and managerial abilities as responsible factors for a successful business. It further teaches how entrepreneurial activities promote economic growth in a given society, where a successful business promotes the growth of several similar and related businesses in the area that perpetuate economic growth. The importance of innovation; raw material; and social and human capital is highlighted to show that they are the drivers of economic growth in entrepreneurial ventures.
Citation:
Roomi, M. A., and Srinivasan, K. (2012). Opening Doors to Closed Ventures: An Entrepreneur’s Vision. European Case Clearing House, Cranfield, UK. Case Study - Ref 811-054-1 + Teaching Note - Ref 811-054-8
Publisher:
European Case Clearing House, UK.
Issue Date:
2012
URI:
http://hdl.handle.net/10547/223064
Additional Links:
http://www.thecasecentre.org/educators/products/view?id=105630
Type:
Other
Language:
en
Description:
Peer assessed case study for teaching
Appears in Collections:
Centre for Advances in Marketing (CAM)

Full metadata record

DC FieldValue Language
dc.contributor.authorRoomi, Muhammad Azamen_GB
dc.contributor.authorSrinivasan, Kshamaen_GB
dc.date.accessioned2012-05-10T13:32:54Z-
dc.date.available2012-05-10T13:32:54Z-
dc.date.issued2012-
dc.identifier.citationRoomi, M. A., and Srinivasan, K. (2012). Opening Doors to Closed Ventures: An Entrepreneur’s Vision. European Case Clearing House, Cranfield, UK. Case Study - Ref 811-054-1 + Teaching Note - Ref 811-054-8en_GB
dc.identifier.urihttp://hdl.handle.net/10547/223064-
dc.descriptionPeer assessed case study for teachingen_GB
dc.description.abstractThe case study is about Vel, supervisor at a yarn factory in south India, when his company retrenched employees and closed down due to a loss in business. His previous experience and skill in the yarn industry, enabled to open up a small entrepreneurial venture in manufacturing yarn. His successful business led others to start similar and allied industries in the area. He then diversified the business into related areas in dyeing yarn; manufacturing innovative Indian clothes and doing ‘Finishing processes’ in ready-mades. The case explains how entrepreneurs exploit business opportunities, regardless of the resources they have to make profit. It shows how they use creativity to exploit business opportunities and manage resources to achieve profit and competitive advantage in creating wealth. It emphasises on complementary skills; prior experience; marketing skills, and managerial abilities as responsible factors for a successful business. It further teaches how entrepreneurial activities promote economic growth in a given society, where a successful business promotes the growth of several similar and related businesses in the area that perpetuate economic growth. The importance of innovation; raw material; and social and human capital is highlighted to show that they are the drivers of economic growth in entrepreneurial ventures.en_GB
dc.language.isoenen
dc.publisherEuropean Case Clearing House, UK.en_GB
dc.relation.urlhttp://www.thecasecentre.org/educators/products/view?id=105630-
dc.subjectentrepreneurial characteristicsen_GB
dc.subjectemerging marketsen_GB
dc.subjectentrepreneurshipen_GB
dc.subjectentrepreneurial behaviouren
dc.subjectgrowthen
dc.titleOpening doors to closed ventures: an entrepreneur’s visionen
dc.typeOtheren
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