Management Competencies for Startup Scalability: Perspectives of Experienced Entrepreneurs

Deepa Unnithan1, Prof.(Dr.) Hareesh NRamanathan2

 DOI : https://dx.doi.org/10.18535/ijmei/v3i11.01

 

ABSTRACT

India has achieved a remarkable position in the newly emerging startup ecosystem with its much appreciated knowledge economy and supportive environmental initiatives through developmental schemes .This ambitious schemes like Startup India and its prerogatives become useful only if the beneficiaries are competent enough to manage  the their ideated business venture to scalability. This study unveil the essential management competencies every aspiring youngster should have while venturing into business ,as reported by 500 practicing entrepreneurs with substantial experience . An exhaustive listing of management competencies available in literatures was vetted by a host of practicing entrepreneurs and the resulting set showed that identified management competencies in the areas of Finance, Law, Marketing and Production should be considered as the deciding factors of a business aspirant’s entrepreneurial success. Based on the research findings an Entrepreneurial Management Competency Inventory is also proposed in the paper.