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Role of entrepreneurship in bringing social change: A comparative analysis between Maharashtra and Bihar

Author

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  • Dr. Sushil Gadekar

    (Assistant Professor, Dr. Ambedker Institute of Management Studies and Research. Nagpur, India)

Abstract

Purpose: The current study intends to analyze the impact of entrepreneurship on social change in two Indian states such as Maharashtra and Bihar. Entrepreneurship is often identified with capitalism while the current study analyzes its impact on society through the available data. The current study is a first of its kind in this aspect as the studies conducted earlier focused on the economic aspects of the state. Methodology: The current review analyzes the secondary information collected from various government reports of the state and the union, research papers, theses, web articles, and books published earlier. This narrative review article intends to identify the role played by entrepreneurship on social change in these two states. Findings: The study findings provide knowledgeable insights about the role played by entrepreneurship in the state of Maharashtra, the second-highest industrialized state in the country and top contributor of the Indian economy for more than a decade. Bihar, being one of the lowest performers in terms of economic indicators, the state is also suffering from social indicators that have been exposed by the data. Implications: The study provides a bird’s eye view of the socio-economic aspects of both states and provides recommendations for the state of Bihar to improve the existing performance. Originality: The study is a novel attempt to analyze how entrepreneurship positively affects the social structure of the state.

Suggested Citation

  • Dr. Sushil Gadekar, 2024. "Role of entrepreneurship in bringing social change: A comparative analysis between Maharashtra and Bihar," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 15(1), pages 10-18, January.
    • Handle: RePEc:aii:ijcmss:v:15:y:2024:i:1:p:10-18
    DOI: 10.18843/ijcms/v15i1/02
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    References listed on IDEAS

    as
    1. Dr. A. V. More & Dr. Vinit Rakibe, 2023. "Entrepreneurial Orientation and Business Performance: An Empirical Study of SMEs in Nashik District of Maharashtra," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 14(2), pages 01-13, May.
    2. Helen M. Haugh & Alka Talwar, 2016. "Linking Social Entrepreneurship and Social Change: The Mediating Role of Empowerment," Journal of Business Ethics, Springer, vol. 133(4), pages 643-658, February.
    3. C. Ramesh Kumar & C. Jaya Praveen, 2017. "Social Women Entrepreneurship – The Effect of its Determinants on Entrepreneurial Performance," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 8(2), pages 130-133, May.
    4. Francesco Perrini & Clodia Vurro, 2006. "Social Entrepreneurship: Innovation and Social Change Across Theory and Practice," Palgrave Macmillan Books, in: Johanna Mair & Jeffrey Robinson & Kai Hockerts (ed.), Social Entrepreneurship, chapter 5, pages 57-85, Palgrave Macmillan.
    5. Jeemol Unni & Pritha Dev, 2021. "How macroeconomic shocks impact employment: comparison of Gujarat with states in Western India," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 23(1), pages 199-211, June.
    6. Sanchita Bansal & Isha Garg & Gagan Deep Sharma, 2019. "Social Entrepreneurship as a Path for Social Change and Driver of Sustainable Development: A Systematic Review and Research Agenda," Sustainability, MDPI, vol. 11(4), pages 1-28, February.
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