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the3h - Hum Hain Hindustani
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glomc00 - The Global Millennium Class
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ilmeds
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Headlines

Five Ways Mobile Technology Will Transform Education | iAfrica, 13 feb 2019
Augmented and Virtual Reality in Healthcare Industry - Deep Research Study of Current and Future Aspects | Medgadget, 13 feb 2019
Innovation In The Pink Of Health: Trends & Tech In Healthcare | Asian Scientist, 13 feb 2019
Does 'Good Design' still matter today? | Curbed, 13 feb 2019
The Next Hot Design Style Is...Victorian | House Beautiful, 13 feb 2019
The Store Experience Design Debrief | PSFK, 13 feb 2019
The freshest writer on design was born 200 years ago | Fast Company, 13 feb 2019
U-Md. researchers develop smart fabric that automatically warms or cools you off | The Washington Post, 13 feb 2019
Government backs change in law to give charity status to 'public interest journalism' | Civil Society Media, 13 feb 2019
These 4 charts illustrate how valuable nonprofits are to the US economy | Fast Company, 13 feb 2019
Social Entrepreneur Q&A: Key Fund Investments | BQ Live, 13 feb 2019
Relationship Marketing: Making It Personal | Forbes, 13 feb 2019
MarTech 101: Marketing Analytics Primer for 2019 | MarTech, 13 feb 2019
30 jobs in the PR and marketing world | PR Daily, 13 feb 2019
Predicting consumer behavior with big data | Phys.org, 13 feb 2019
Ecommerce's Increasing Share of Sales Compels Retailers to Change Product Packaging | Customer Think, 13 feb 2019
Millennials and Gen Z are upending healthcare | Business Insider, 13 feb 2019
'Consumer healthcare industry ready to take off' | The Hindu, 13 feb 2019
The Reason Behind the Robust Growth of Indian Start-ups is This! | Entrepreneur, 13 feb 2019
The agriculture miracle you don't know about | The Times of India, 13 feb 2019
How To Improve India's Education System | Businessworld, 12 feb 2019
Need better education outcome: Parents | The Times of India, 12 feb 2019
Data Infrastructures and Inequities: Why Does Reproductive Health Surveillance in India Need Our Urgent Attention? | Economic & Political Weekly, 12 feb 2019
Double bonanza for Indian economy! Jan CPI inflation cools to 19-month low of 2.05%, Dec IIP jumps to 2.4% | Times Now News, 12 feb 2019
Where will we find the time for character education? | TES News, 12 feb 2019
Report: Why Tech for Adult Learning So Often Misses the Mark | Campus Technology, 12 feb 2019
In healthcare, better data demands better privacy protections | TechCrunch, 12 feb 2019
Here's how to make 'value-based healthcare' a reality | World Economic Forum, 12 feb 2019
As The Global Economy Slows, The Grab For Yield Will Accelerate | IoT For All, 12 feb 2019
Vegan design products will become as popular as vegan food, say designers | Dezeen, 12 feb 2019
9 Beautiful Examples of When Historic and Modern Architecture Come Together | Architectural Digest, 12 feb 2019
"Adventurous architecture often gets thrown out the window" | Dezeen, 12 feb 2019
10 Wealthy Entrepreneurs Who Give the Most to Charity | Entrepreneur, 12 feb 2019
Understanding the Modern Family in Philanthropy | Philanthropy, 12 feb 2019
How to "Marie Kondo" your digital marketing strategy | ClickZ, 12 feb 2019
How to Use GIFs in Your Marketing to Boost Engagement | Entrepreneur, 12 feb 2019
Opinion: For the digital world, customer is truly king | Livemint, 12 feb 2019
The meaning of a good, well-rounded education | The Guardian, 11 feb 2019
This is the only chart to watch ahead of the world's impending economic slowdown | Business Insider, 11 feb 2019
Top 5 Industrial Design Jobs for this week | Yanko Design, 11 feb 2019
Seven Key Aspects Of Web Design For Drawing In Customers | Forbes, 11 feb 2019
Philanthropy: Is business now in the business of saving the world? | BCBusiness, 11 feb 2019
Putting Climate in Every Nonprofit Mission | Nonprofit Quarterly, 11 feb 2019
Making a difference: Student volunteering | University of Leeds, 11 feb 2019
Nine Of The Best Outdoor Advertising Campaigns | Forbes, 11 feb 2019
How Important Is Branding When Launching a Book? A Bestselling Launch Expert Explains | Influencive, 11 feb 2019


Relationship Between Entrepreneurs and Customers to Drive Innovation

By Mohammad Anas Wahaj; MBA, University of Illinois at Urbana-Champaign, 2000, USA; BS in Mechanical Engineering, Aligarh Muslim University, 1993, India
Dated: 07 March 2015


Entrepreneurs bring creative ideas and innovations into the market. They take risks and invest their efforts, time and money. They identify unmet needs, generate employment, develop and improve products and services for the consumers and also for other businesses.

To achieve fulfilment of their goals they require support from their environment, which includes people, markets and governments. A healthy entrepreneurial community expects and needs a facilitating ecosystem where their ideas reach fruition and benefits the society as a whole.

Although everyone recognizes and acknowledges the importance of entrepreneurship for growth and development of the economy and there are variety of efforts, both by senior and successful entrepreneurs, private companies, organizations and governments to develop an entrepreneurial ecosystem at various places around the globe. But they seem to be lopsided and region-focused and sometimes just a fad without well thought out plan, consistency and commitment.

It is often observed that some places become successful entrepreneurial hubs while others continue to struggle and always keep on playing the catch-up game. Some even totally lose their entrepreneurial ecosystem due to migration of talent and even companies that start to search for better opportunities elsewhere.

In recent times, technology has tried to create a level playing field for budding entrepreneurs in different regions but it can support only some aspects of entrepreneurial and business development. Entrepreneurship and its inherent spirit has to flourish in every nook and corner of the world and every industry should get a chance to benefit from it. Entrepreneurs bring new energy into businesses and markets that otherwise become complacent and resistant to innovation once the products and services get customer's initial acceptance and start getting established as successful brands.

A strong partnership and relationship need to develop between entrepreneurs and customers, where customers continuously seek innovative and better products and services and entrepreneurs, even within the established organizations, continue to work to improve them. Customers can be important catalysts in the entrepreneurial ecosystem by showing their never-ending appetite towards betterment of everything that markets have to offer. The continuously evolving and growing relationship and exchange between entrepreneurs and customers will keep the wheel of creative and innovative activities moving.

Read More Posts on Entrepreneurship and Innovation (India)



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