IJED- Editorial Focus

Welcome to the 5th issue of IJED. It is our effort to bring articles in the area of entrepreneurship, which may be either conceptual or practical. This journal is published by ICFAI University to reach out to academicians, entrepreneurs and would-be-entrepreneurs to further the cause of entrepreneurship and to provide a platform to scholars to share their research and ideas with the rest of the entrepreneurial community. To improve our quality and develop original local content, we are interested in strengthening our editorial review board and solicit original articles from people interested in entrepreneurship.

This issue begins with an article on Entrepreneurial Leadership, "Entrepreneurial Leadership Styles: What Works And What Doesn't". It brings out the need to appreciate the differences among people and adopt different styles for different people to lead and motivate them. Using common sense and assuming that what motivates the entrepreneur himself will work for others too may not always give the best results.

Continuing on the theme of leadership, the second article, "Mainstreaming Corporate Entrepreneurship: Leadership At Every Level Of Organizations", takes leadership to an organizational level and conceptualizes a broader corporate entrepreneurship. It discusses mechanisms that may be used by corporate leaders to encourage entrepreneurship by others within the organization.

Dr. Jawahar’s article on "Women Entrepreneurship Leading To Rural Transformation" in India is a study of Self Help Groups and their contribution to women empowerment leading to rural transformation. Some successful SHG experiments have been presented along with an analysis for reasons of failure.

The next article "One More Time…Should Small Companies Attempt Strategic Planning?", attempts to tackle a practical issue; whether Small Companies should make a business plan or not. Whereas many small entrepreneurs do make a plan to raise capital, most find it of little value. The authors share their experience.

The fifth article "Rate Of Business Failures: An Analysis Of The Determinants" is based on a research on 5 potential macro-economic determinants of the rate of business failures. The authors conclude that the macro-economic environment has a significant impact on the success/failure of the business and that the entrepreneurs would do well to be aware of this.

The last article, "The Need for Adaptation in Successful Business Concepts: Strategies for Entrepreneurs" conceptualizes strategies for adaptation for entrepreneurs. The authors contend that it is better to adapt the business concept as we continue the entrepreneurial journey, than to spend too much time and energy in getting the "right" concept from the start.

Our other regular features include a book summary, research summary, case study and entrepreneurial tidings. Please feel free to write back with your comments and suggestions for improving this journal.

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