Institutional Case Studies on Necessity Entrepreneurship

Institutional Case Studies on Necessity Entrepreneurship

Edited by Jeremi Brewer and Stephen W. Gibson

An estimated one billion individuals in both developed and developing nations can be defined as necessity entrepreneurs; individuals who have no other viable option for licit income than to start a small, income generating activity. However, the emphasis on providing business and leadership training to necessity entrepreneurs is only just gaining traction. This book provides the first-known global analysis dedicated exclusively to organizations from both the public and private sectors that are specifically involved with microenterprise education for necessity entrepreneurs. The authors provide a pragmatic synopsis and evaluate the efficacy of the programs that have been, currently are, or will soon be teaching and/or training necessity entrepreneurs around the globe.

Chapter 4: Bharatiya Yuva Shakti Trust

Raj K. Shankar

Subjects: business and management, entrepreneurship, family business, development studies, social entrepreneurship

Abstract

Seventy percent of India’s population is under 35 years of age. A large portion of this oft-spoken demographic dividend is either unemployed or underemployed. To avoid an impending demographic disaster, Bharatiya Yuva Shakti Trust (BYST), the brainchild of Lakshmi Venkatesan, has taken up the cause of entrepreneur creation and support. This chapter details the entrepreneurial rise of BYST, its various experiments, its unique “Guru-Sishya model” of mentoring, and stories of few successful entrepreneurs created. BYST’s approach to bringing together education, mentoring and resource facilitation will serve as a model for all who are interested in creating and nurturing necessity entrepreneurs.

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