Type | Working Paper |
Title | Integrated model for entrepreneurship development in Pakistan |
Author(s) | |
Publication (Day/Month/Year) | 2011 |
URL | http://saicon2011.ciitlahore.edu.pk/Management/1047.pdf |
Abstract | Purpose of this paper is to devise an integrated model for entrepreneurship development in Pakistan. The paper highlights that Economic growth does not depend only on infrastructure and factor accumulation but productivity and innovation play a significant role. Mature enterprises in diverse sectors do contribute in the overall resilience of economy and growth path. Unemployment has posed serious socio economic challenges to economic growth and prosperity in Pakistan. Thus it is essential to promote entrepreneurship in Pakistan in order to reap socioeconomic benefits for the nation. The findings of the paper are based on literature review, various reports by public and private sector, meetings with professionals and students and focus group discussions with various stake holders. Findings of the paper include that there is a need to adopt an integrated model for entrepreneurship development in Pakistan. Current efforts in isolation are not yielding results. A multi-agency collaboration should be ensured in order to pursue integrated model for entrepreneurship development. A strong role may be played by the academic institutions. The paper suggests that an integrated model for entrepreneurship model may entail (i) Policy Advocacy and Knowledge Management; (ii) Counseling and Capacity Development; (iii) Ensuring Access to Finance; (iv) Affordable Micro Enterprise Management Solutions; (v) Franchising and Networking; and (vi) Focus on Women Entrepreneurship. |
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