Concept of Entrepreneurial Environment

 There are many types of forces, factors present in the world. Every force and factor puts an impact in the growth of Entrepreneur. The combination of all these forces and factors is jointly known as Business Environment.

So we can say that there are many controllable and uncontrollable forces present in the economy. The combination of all these forces is jointly known as Environment. All these factors also affect the growth of Entrepreneur so the combination of this situation is called Entrepreneurial Environment.

Characteristics- There are many characteristics of business environment. These are as below-

1.It is dynamic.

2.It may be positive or negative.

3.It may be internal or external.

4.It is controllable or uncontrollable.

5.It is complex.

6.It is interdependence.

7.It is uncertain.

8.It is variable from country to country.

Role of Entrepreneurial Environment-

1.It provides an opportunity to grow and develop of Entrepreneur.

2.It helps them to take an appropriate decision.

3.It helps them to make proper policy, rules, regulation, programme etc.

4.It helps to survive the business.

5.It increases the strength of organization.

6.It provides them resources that is used to grow the organization.

7.It helps them to get the goal of organization.

8.It makes socio-economic change positive that is very beneficial for business.

So we can say that all the internal and external factors that affects the growth of Entrepreneurs is jointly known as Entrepreneurial environment.