Effect of New Business Opportunities on Change in Income Status – A Study of Kalisindh Thermal Power Project

Authors

  • Ms. Reeta Karra Assistant Engineer, Kalisindh Thermal Power Project, Rajasthan Rajya Vidyut Utpadan Nigam Limited, Jhalawar, India.
  • Dr. P. N. Mishra Professor of Management and Head School of Economics, Devi Ahilya Vishwavidhyalay, Takshshila Campus, Indore, India.
  • Dr. Pooja Jain Assistant Professor, International Institute of Professional Studies, Devi Ahilya Vishwavidhyalay, Takshshila Campus, Indore, India.

Keywords:

Regression, Convenience Sampling, Business opportunities, Work experience, Petty contractors

Abstract

No person may be same in this world. Personal characteristics such as gender, age, marital status, work experience, education etc. may differ for every person. These personal characteristics distinguish them from each other. Their career may also depends on these personal characteristics; accordingly their income status too. They get benefits from the business opportunities developed in environment due to construction of any project. As they cash the opportunities, their income status may change.  People with different personal characteristics may have different abilities to plan and execute the same work in a different manner. In this study relation between personal characteristics and change in their income status during last 5 years has been analyzed. Kalisindh Thermal Power Project is constructed near village Undal in State Rajasthan. Due to construction of this project business opportunities developed for petty contractors / traders / service providers. This paper presents the findings emerged from analysis of developed business opportunities for people having different personal characteristics. Required information has been gathered from petty contractors serving for this power plant as well as petty traders and petty service providers to the people living in township of this power plant by filling a structured questionnaire during survey. Convenience sampling method is used for selection of sample. Statistical tool used for the analysis is multiple regressions.

References

Alvarez, S. A., & Barney, J. B. (2000). Entrepreneurial capabilities: A resource-based view. In G. D. Meyer and K. A. Heppard (Eds.), Entrepreneurship as Strategy: Competing on the entrepreneurial edge (pp. 63–82). Thousand Oaks: Sage Publications.

Baron, R. (1998). Cognitive mechanisms in entrepreneurship: Why and when entrepreneurs think differently than other people. Journal of Business Venturing, 13, 275–294.

Busenitz, L., & Lau, C. (1996). A cross-cultural cognitive model of new venture creation. Entrepreneurship Theory and Practice, 20 (4), 25–39.

Busenitz, L., & Barney, J. (1997). Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making. Journal of Business Venturing, 12, 9–30.

Busenitz, L., West, G. P., Shepherd, D., Nelson, T., Chandler, G. N., and Zacharakis, A. (2001). Entrepreneurship in emergence: Fifteen years of entrepreneurship research in management journals. Paper presented at the Academy of Management meetings, Washington, D.C.

Busenitz, L. W., West III, G. P., Shepherd, D., Nelson, T., Chandler, G. N., & Zacharakis, A. (2003). Entrepreneurship research in emergence: Past trends and future directions. Journal of management, 29(3), 285-308.

Casson, M. (1999). The entrepreneur: An economic Theory, Oxford: Martin Robertson, 2nd ed. Edward Elgar.

Eckhardt, J. T., & Shane, S. A. (2003). Opportunities and entrepreneurship. Journal of management, 29(3), 333-349.

Forbes, D. P. (1999). Cognitive approaches to new venture creation. International Journal of Management Review, 1, 415–439.

Gartner, W. B. (1988). Who is an entrepreneur? is the wrong question. American journal of small business, 12(4), 11-32.

Hansen, D. J., & Shrader, R. (2007). Opportunity: An 11-letter word (summary). Frontiers of Entrepreneurship Research, 27(17), 3.

Hansen, D. J., & Shrader, R. (2007). Opportunity: An 11-letter word. In Babson College Entrepreneurship Research Conference, Madrid, Spain.

Hawkins, D., & Little, B. (2011). Embedding collaboration through standards–part 1. Industrial and Commercial Training, 43(2), 106-112.

Haynie, J. M., Shepherd, D. A., & McMullen, J. S. (2009). An opportunity for me? The role of resources in opportunity evaluation decisions. Journal of Management studies, 46(3), 337-361.

Kirzner, I. (1979). Perception, opportunity, and profit. Chicago: University of Chicago Press.

Kirzner, I. (1997). Entrepreneurial discovery and the competitive market process: An Austrian Approach. Journal of Economic Literature, 35, 60–85.

Pauget, B., & Wald, A. (2013). Relational competence in complex temporary organizations: The case of a French hospital construction project network. International Journal of Project Management, 31(2), 200-211.

Rumelt, R. P. (1987). Theory, strategy, and entrepreneurship. In D. Teece (Ed.), The competitive challenge (pp. 137–158). Cambridge: Ballinger.

Shane, S. and Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25, 217–27.

Shepherd, D. A., & DeTienne, D. R. (2005). Prior knowledge, potential financial reward, and opportunity identification. Entrepreneurship theory and practice, 29(1), 91-112.

Short, J. C., Ketchen Jr, D. J., Shook, C. L., & Ireland, R. D. (2010). The concept of “opportunity” in entrepreneurship research: Past accomplishments and future challenges. Journal of Management, 36(1), 40-65.

Witt, U. (2007). Firms as realizations of entrepreneurial visions. Journal of Management Studies, 44, 1125–40.

Wright, M., Hoskisson, R. E., Busenitz, L. W., & Dial, J. (2000). Entrepreneurial growth through privatizations: The upside of management buyouts. Academy of Management Review, 25 (3), 591–601.

Downloads

Published

23-10-2021

How to Cite

Ms. Reeta Karra, Dr. P. N. Mishra, & Dr. Pooja Jain. (2021). Effect of New Business Opportunities on Change in Income Status – A Study of Kalisindh Thermal Power Project. International Journal of Management Studies (IJMS), 5(1(3), 22–28. Retrieved from https://researchersworld.com/index.php/ijms/article/view/1625

Issue

Section

Articles