The Hindu Business Line : Entrepreneurship

The article “Indian entrepreneurs not come of age yet?” (Business Line, June 18) made interesting reading. In this highly-competitive business world, entrepreneurs must leave no stone unturned in attaining success in their businesses and, more important, sustaining such achievements.

After all, achievement is a burden if it is only flash-in-the-pan, which successful entrepreneurs must remind themselves often. One is reminded of the term “perpetual succession” in the Indian companies Act 1956, which means “members of a company may come and go but the organisation will go on for ever”.

Perpetuity is indeed the significant feature of all organisations, and entrepreneurs have the paramount duty of fulfilling it which, of course, requires emotional discipline and intellectual maturity.

Indeed, the decision by the promoters of Ranbaxy to sell all their holdings to the not-so-well-known organisation Daiichi Sankyo of Japan is, in one way, a defeat to Indian entrepreneurship.

Problems such as losses, lack of demand for goods, labour troubles, and so on, must goad the entrepreneurs and act as challenges for them to innovate methods to overcome these roadblocks and shine in their fields. Quitting is the last thing entrepreneurs should do.

S. Ramakrishnasayee Ranipet

More Stories on : Letters | Entrepreneurship

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Sweet and sour

Penalty under transfer pricing regulations

Taxes causing `turbulence' for domestic airline companies

NRI deposits?

Allowability of commission paid to govt employees

UNDP study on corruption — Retarding economic development

Collaborative CSR

Entrepreneurship