When scarce resources are organized and used effectively and innovatively, it leads to the overalldevelopment of the country. The process of effectively and innovatively organization of scarce resources isentrepreneurship. Entrepreneurship plays a significant role in the development of any economy.Entrepreneurship leads to employment-generating opportunities, rural development, technological development,national income, industrialization, export promotion, etc. In India, a large number of small, medium, and largeentrepreneurs contribute to the process of economic development, and every entrepreneur has some challengesand opportunities. This paper aims to analyze the challenges and opportunities faced by innovativeentrepreneurs in India.In today’s rapidly evolving business landscape, entrepreneurship, start-ups, and innovation managementhave become crucial drivers of economic growth, competitiveness, and sustainability. This paper explores theintersection of this three concepts, examining the trends, challenges, and opportunities that shape theentrepreneurial ecosystem. Through a comprehensive review of existing literature and analysis of successfulstart-up cases, we identify key factors influencing innovation management, including leadership, culture, andtechnology adoption. Our findings highlight the importance of fostering a culture of innovation, leveragingdigital technologies, and embracing collaborative ecosystems to drive entrepreneurial success. This paperprovides insights for entrepreneurs, policymakers, and researchers seeking to navigate the complexities ofentrepreneurship, start-ups, and innovation management.
Maithili Santosh Bharankar (Sat,) studied this question.
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