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Title: RETHINKING THE ENTERPRISE: INCORPORATING INDIGENOUS PRACTICES IN MODERN ENTREPRENEURSHIP PARADIGMS
Authors: Divyesh Shanker Taneja
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Divyesh Shanker Taneja Modern School Barakhamba Road, Delhi
MLA 8 Taneja, Divyesh Sanker. "RETHINKING THE ENTERPRISE: INCORPORATING INDIGENOUS PRACTICES IN MODERN ENTREPRENEURSHIP PARADIGMS." Int. j. of Social Science and Economic Research, vol. 5, no. 10, Oct. 2020, pp. 3232-3242, doi:10.46609/IJSSER.2020.v05i10.028. Accessed Oct. 2020. APA 6 Taneja, D. (2020, October). RETHINKING THE ENTERPRISE: INCORPORATING INDIGENOUS PRACTICES IN MODERN ENTREPRENEURSHIP PARADIGMS. Int. j. of Social Science and Economic Research, 5(10), 3235-3242. doi:10.46609/IJSSER.2020.v05i10.028 Chicago Taneja, Divyesh Sanker. "RETHINKING THE ENTERPRISE: INCORPORATING INDIGENOUS PRACTICES IN MODERN ENTREPRENEURSHIP PARADIGMS." Int. j. of Social Science and Economic Research 5, no. 10 (October 2020), 3235-3242. Accessed October, 2020. doi:10.46609/IJSSER.2020.v05i10.028.
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Abstract: Indigenous Entrepreneurship is defined as the creation, management, and development of new ventures by Indigenous people for the benefit of Indigenous people. It also includes business processes and activities that are followed by indigenous populations. This paper has examined contemporary narratives surrounding entrepreneurship, and recent developments in that field. Social entrepreneurship as a means of organizing public welfare has been studied in detail to evaluate the scope of incorporating indigenous practices in modern entrepreneurship paradigms. This paper has also explored the inherent features of indigenous entrepreneurship and traced many commonalities amongst practices including sustainability and equitable distribution of resources. It has been found that the incorporation of such practices in social enterprises can increase their efficacy and efficiency and reform some of the problems associated with conventional free-market economies. Lastly, this paper has explored the problems faced by indigenous entrepreneurs that hamper the potential for growth enterprises floated by them, the most important of them being the lack of access to adequate finance. This paper provides recommendations that seek to solve these structural problems that create artificial barriers and exclude indigenous people from economic development.

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