Integrated model for entrepreneurship development in Pakistan

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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