TECHNOLOGY REVOLUTION FOR ENTREPRENEURSHIP PROMOTION WITH REFERENCE TO JAMMU AND KASHMIR
DOI:
https://doi.org/10.29121/granthaalayah.v5.i5.2017.1852Keywords:
Technology, Entrepreneurial, PromotionAbstract [English]
This paper focuses on “Technology Revolution and its positive effects on the entrepreneurial promotion especially in Indian context. It will discuss how technology has been an aid to the entrepreneurial process and how start-up and established ventures can be benefitted through the systematic use of technology. The development of Small and Medium Enterprises (SMEs) is vital to create economic prosperity in a nation and Entrepreneurship development can be considered as a reflecting part of SME as well as established venture growth emphasizing on institutional development in the economy. “Technology is the collection of tools, including machinery, modifications, arrangements and procedures used by humans” This tool aids in the entrepreneurship development from beginning to end whether it is the Internet services like Knowledge and awareness sites, Advanced Financial transaction technologies, Computers aiding the start-up business, R&D tools and mappings, Machine based operation and production techniques, Advanced Marketing through use of modern technology (e.g. new media for advertisement, POS and POP techniques, MIS based on computer data usage etc.) or techno based Consumer satisfaction systems. In India, Economic development is structured on entrepreneurial institutional growth and IT revolution and other technological developments (especially in recent times) have paved a path for increased entrepreneurial activities in the nation building a modern business society. Technology entrepreneurship is gradually being recognized to impact significantly on socio-economic activities of the nation. This paper examines the impact of viewing technology entrepreneurship as a dais towards industrial development and reduction in youth unemployment in Jammu and Kashmir. The major essence of the study is to focus that- Technology is an accelerator in development of innovative ventures and hence the economic development of a country.
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