Drumming the Drums - a Case Study on Innovative and Entrepreneurial Practices by an Indian SME
31 Pages Posted: 26 Jun 2006
Date Written: May 12, 2006
Abstract
Entrepreneurs from the Small and medium enterprise have always demonstrated the strength, wisdom and courage, while establishing their venture. The importance of such Small & Medium type enterprises cannot be ignored in a growing economy. The founder Manager of Metal Seam Co Pvt. ltd, Mr S B Agarwal has proved that dreams could be turned into valuable ventures by utilising the innate characteristics. The challenge imposed by uncertainties within the family living, cannot deter but compel the thinking towards the survival process and raise the spirit of the leader. It is the understanding of the business environment, knack of appreciating opportunity, hard work, dedication and tireless efforts topped by Innovative practices that makes the difference form the crowd. The case study demonstrates how an individual dares to traverse to an unknown field and with the gut feel supported by intrinsic motivation can do wonders in establishing a profitable enterprise. It also highlights the passion to learn, radical innovation, business orientation and the operational strategy of a small time drum manufacturing enterprise.
Keywords: Innovative Practices, Radical Innovation, Intrinsic & Extrinsic Motivation, Entrepreneurial Competency, Opportunity Recognition, Risk and Uncertainty
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