Internal Management Problems of Micro Enterprises in Aizawl District, Mizoram

Internal Management Problems of Micro Enterprises in Aizawl District, Mizoram

ABSTRACT

The entrepreneurship process consists of constant search for alternatives, certain amount of risk taking, attempts to identify opportunities. In fact, from the moment the entrepreneur conceives the idea of starting his own business he has to work hard against heavy odds. Mizoram is one of the most industrially backward states in India. The entire state has been notified as backward and is categorised as ‘No Industry State’ due to nonexistence of large and medium industries. Mostly micro enterprises exist in while big industries are almost absent. Development of industries in the state is an uphill task as the investors remain fearful to invest due to its topography, small size market, entry restrictions, low end infrastructure and such other related factors. Although opportunities exist, the lack of vision and will to explore the opportunities hampers the industrial development. The analysis of the problems faced by the enterprises is taken up with a view to evaluate the entrepreneurship on the basis of their magnitude and the intensity. This paper aimed at identifying the internal management problems faced by micro entrepreneurs in Aizawl district, Mizoram.

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