NOLEGEIN Journal of Entrepreneurship Planning, Development and Management 2018 Issue 1 by Mba Journals

NOLEGEIN Journal of Entrepreneurship Planning, Development and Management eISSN: 2581-3900

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NOLEGEIN Journal of Entrepreneurship Planning, Development and Management Nolegein Journal of Entrepreneurship, Planning, Development and Management is focused towards the rapid publication in the following areas of

Focus and Scope of the Journal            

Entrepreneurship and future analysis Indigenous entrepreneurs Women entrepreneurs Entrepreneurship in developing countries Small scale industry Corporate entrepreneurship Online business and strategy Economy Policy Financial Econometrics International Business Project and Team Management Talent Management

Sections covered by this journal are review papers, research papers, interviews, news, companies/ institutions write-ups, short popular articles and case studies. All contributions to the journal are rigorously refereed and are selected on the basis of quality and originality of the work. The journal publishes the most significant new research papers or any other original contribution in the form of reviews and reports on new concepts in all areas pertaining to its scope and research being done in the world, thus ensuring its scientific priority and significance. No part of this publication may be reproduced, stored in retrieval or transmitted in any form without written permission to the publisher. To cite any of the material contained in this journal, in English or translation, please use the full English reference at the beginning of each article. To reuse any of the material, please contact MBA Journal. The author(s) is/are solely responsible for the content of the article(s) published in the MBA Journals platform (an imprint of Consortium e-Learning Network Private Ltd.). The published articles are not constituted or deemed to constitute any representation of view of the editors or publisher. The data presented therein are correct or sufficient to support the conclusions reached or that the experiment design or methodology is adequate and the information, opinions, views presented in the article reflect the views of the authors and contributors of the article and not the opinion of publisher or the editorial board. Under no circumstances publisher should be held responsible for the acts of misrepresentation, plagiarism, wrongful presentation of facts, omissions, neglect or willful representation of information against the ethical norms of journal. (info@mbajournals.in)

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NOLEGEIN-Journal of Disaster and Business Continuity Management NOLEGEIN-Journal of Corporate & Business Laws NOLEGEIN-Journal of Organizational Behavior Management NOLEGEIN-Journal of Kautilya Strategic Management

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NOLEGEIN-Journal of Global Marketing NOLEGEIN-Journal of Advertising and Brand Management NOLEGEIN-Journal of Consumer Behavior & Market Research

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NOLEGEIN-Journal of Financial Planning and Management

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EDITORIAL BOARD MEMBERS Ashok Sen Gupta Assistant Professor Department of Management, School Of Management and Science, Gosainganj, Lucknow, India Dr. Saroj Kumar Dash Associate Professor Department of Marketing in Management, G L Bajaj Institute of Management and Research, Greater Noida, Uttar Pradesh, India Dr. Trilok Kumar Jain Director, EIE Department of Management-Ecosystem for Innovation and Entrepreneurship (EIE), Suresh Gyan Vihar University, Jaipur, Rajasthan, India Dr. Jnaneshwar Pai Maroor Assistant Professor MBA Department - Finance and Human Resource Management, Justice K.S. Hegde Institute of Management, Nitte, Karnataka, India Rajendra Sahu Professor Department of Supply Chain Management, Atal Bihari Vajpayee-Indian Institute of Information Technology & Management, Gwalior, India

Dr. Sheetal Mundra Assistant Professor Department of Economics and Entrepreneurship in Management, Jk lakshmipat university, Mahapura, Rajasthan, India Dr. K.Vidyavathi Professor Department of Business Administration, Sahyadri College of Engineering & Management, Mangaluru, Karnataka, India Dr.B.Rajasekaran Professor & Head Department of Management, Manonmaniam Sundaranar University, Tirunelveli, Tamil Nadu, India Dr. Mrs. Seema Shahaji Desai Associate Professor Department of Management, Rajarambapu Institute of Technology, Urun Islampur, Maharashtra, India Dr. Ansuman Jena Assistant Professor Department of Management, Centurion Institute of Technology, Bhubaneswar, Odisha, India

Dr.Abhijeet Sinha Assistant Professor Department of Management, SAM College of Engineering and Technology, Bhopal,Madhya Pradesh, India

Paresh Shah Professor Department of Commerce and Management, Rai University,Ahmedabad, Gujarat, India

Prof.P.Malyadri Principal Department of Management,Rayalaseema University, Kurnool, Andhra Pradesh, India

Dr. Purshottam Bung Enterprising Academic Leader and Professor Department of Strategy and Entrepreneurship in Management, Karnataka Law Society's Institute of Management Education and Research (KLS IMER), Belgaum, Karnataka, India

EDITORIAL BOARD MEMBERS Dr. Saurabh Srivastava Associate Professor Department of Management, AIMS IHE, Bangalore, Karnataka, India

Suchita Vishwakarma Assistant Professor Department of Management,School of Management Sciences, Kashimpur, Lucknow, India

Dr. Mahajan Shrikrishna Shankar Professor Department of Commerce and Management, Shivaji University, Kolhapur, Maharashtra, India

From the Editor's Desk Dear Readers, We would like to present, with great pleasure, the inaugural First volume of a new scholarly journal, NOLEGEIN Journal of Entrepreneurship Planning, Development and Management. This journal is part of the Business Management, and is devoted to the scope of present management issues, from different prespectives. This new journal was planned and established to represent the growing needs of marketing as an emerging and increasingly vital field, now widely recognized as an integral part of Business Management. Its mission is to become a voice of the Management community, addressing researchers and practitioners in this area. The core vision of NOLEGEIN Journal of Entrepreneurship Planning, Development and Management in MBA Journals is to propagate novel awareness and know-how for the profit of mankind ranging from the academic and professional research societies to industry practitioners in a range of topics in advertising in general. MBA Journals acts as a pathfinder for the readers community to published their papers at excellently, well-time & successfully. NOLEGEIN Journal of Entrepreneurship Planning, Development and Management focuses on original high-quality research in the Entrepreneurship Development, Problems and Difficulties of Entrepreneur, IPR Related Issues, Corporate entrepreneurship etc. The Journal is intended as a forum for practitioners and researchers to share the views of Entrepreneurship Planning, Development and Management in the area. Many researchers have contributed to the creation and the success of the Entrepreneurship Planning, Development and Management. We are very thankful to everybody within that community who supported the idea of creating an innovative platform. We are certain that this issue will be followed by many others, reporting new developments in the field of Entrepreneurship Planning, Development and Management. This issue would not have been possible without the great support of the Editorial Board members, and we would like to express our sincere thanks to all of them. We would also like to express our gratitude to the editorial staff of MBA Journals, who supported us at every stage of the project. It is our hope that this fine collection of articles will be a valuable resource for Management readers and will stimulate further research into the vibrant area of Entrepreneurship Planning, Development and Management. Puneet Mehrotra Managing Director

Contents 1. Women Free Initiative Growth India S. Tamilselvi

2. Entrepreneurial Resilience: What Makes Entrepreneurs Start Another Business After Failure? Sharal Shaina Mathias, Renita Rena Serrao, Jnaneshwar Pai Maroor

3. Role of Derivatives (Future and Options) in the Indian Stock Market Simmi Khurana, Shalini Aggarwal

4. A Study on Approach Toward Education â&#x20AC;&#x201C; A Study in Coimbatore Region A. Karthikeyan, T. Mohan Raj, S. Ashok Kumar

5. Study of the Impact and Intricacies of FII on CNX Nifty and Sensex Roshni D'Souza, Rakesh Shetty, Jnaneshwar Pai Maroor

6. Startup India New Opportunities for the Entrepreneur Rajesh Siwach Rana

NOLEGEIN: Journal of Entrepreneurship Planning, Development and Management eISSN: 2581-3900 Vol. 1: Issue 1

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Women Free Initiative Growth India S. Tamilselvi* Maharani Arts and Science College, Dharapuram, Tamil Nadu, India

ABSTRACT Ladies enterprise change is a basic a piece of human asset change. The change of ladies enterprise could be low in India, particularly in the provincial zones. Business among ladies has been a current circumstance; ladies have developed as conscious of their ways of life their rights and their artistic creations situation. Be that as it may, ladies of center polish are not very quick to change their position in dread of social backfire. The improvement is more observed among top radiance family units in urban towns. This paper concentrates on ladies business visionary. Any information of Indian young ladies, in their character, and particularly of their part taking and breaking new ways, might be deficient without a stroll down the passages of Indian history where ladies have lived and disguised different capacity models. Keywords: capital, entrepreneurship, finance

INTRODUCTION The Indian money related framework has been seeing an uncommon interchange on account that mid-1991, with new principles of fiscal advancement, globalization and privatization started with the guide of the Indian government. India has incredible entrepreneurial potential. At blessing, women inclusion in financial exercises is set apart by utilizing a low work investment expense, extreme consideration inside the chaotic segment and work in less expert employments. Any technique intended for money related improvement can be trim sided without identified with young ladies who constitute 1/2 of the field masses. Confirmation has unequivocally mounted that entrepreneurial soul is not a male right. Ladies enterprise includes got force inside a definitive three decades with the development inside the wide assortment of young lady organizations and their critical commitment to financial increment. The monetary general execution of AsiaPacific area pushed by means of abroad direct subsidizing, mechanical developments and engineered sends out

have brought an immense assortment of monetary and social possibilities to women entrepreneurs. In this powerful world, ladies advertisers are a critical piece of the overall journey for maintained money related improvement and social advancement. In India, despite the fact that ladies have played a key position in the general public, their entrepreneurial potential has never again been appropriately tapped as a result of the lower notoriety of young ladies inside the general public. It is far best from the fifth 5 a year Plan (1974â&#x20AC;&#x201C;1978) onwards that their capacity has been expressly perceived with a checked move inside the approach from women welfare to ladies improvement and strengthening. The change of women business enterprise has come to be a basic issue of our arrangement needs. A few standards and software engineers are being actualized for the advancement of young ladies business in India. There is a requirement for changing the outlook toward ladies with the aim to supply indistinguishable rights as revered

NOLEGEIN: Journal of Entrepreneurship Planning, Development and Management eISSN: 2581-3900 Vol. 1: Issue 1

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Entrepreneurial Resilience: What Makes Entrepreneurs Start Another Business After Failure? Sharal Shaina Mathias, Renita Rena Serrao, Jnaneshwar Pai Maroor* Justice K.S. Hegde Institute of Management, Nitte, Karnataka, India

ABSTRACT An entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of making profit. This risk sometimes may turn into failure. But those entrepreneurs who are resilient are keen to survive. The word resilience refers to the ability to overcome difficulties and perform better than expected. The purpose of analyzing “Entrepreneur’s Resilience” is not only to understand entrepreneur’s desires and motivation to bounce back successfully, but also to recognize how they rebuild their business enterprise after failure. Resilience theory originated from pressure adjustment in psychotherapy. This theory explains how an individual deal at the time of difficulty and how these crises may enhance his/her ability. It focuses on struggle and the courage that an individual shows in the time of difficulties. Keywords: business, entrepreneur, motivation, resilience

INTRODUCTION In recent years, researchers in business administration have been studying resilience after business failure and are trying to explain why some of the entrepreneurs are unable to recover from failure and were some are able to overcome obstacles. Most of the entrepreneurs put themselves into business, their courage and dedication helps them to recover after the obstruction [1]. Entrepreneurs are active dream makers who explore various opportunities in every diverse area such as marketing, social, political etc. Very few entrepreneurs are born with the resilience needed and could come up with new idea and acquire the opportunity in the competitive business world. The urge to revert back to our comfort comes and fall back into old habits is a part of resilience where we can

say from the pain of failure comes wisdom, and from fear comes courage and from struggling comes strength, in the say way Resilience comes from concentrating or focusing on our own feelings and needs. When an entrepreneur fails, he need to engage himself into some other activity by which he can enjoy and relax and keep his mind fit so that he can deal with unending changes of every business [2]. Steve jobs story of resilience is a classic example, where his innovative ideas ultimately lead to success. Though his elegant designs failed initially but he kept trying and finally won his legacy by coming back to Apple with innovative designs for the iMac, iPod, iPhone and iPad. Steve jobs never gave up and that was his essence of resilience. There are few more examples who survived through resilience. The most recent and famous entrepreneurs like Bill Gates, Elton Musk etc. were even after

NOLEGEIN: Journal of Entrepreneurship Planning, Development and Management eISSN: 2581-3900 Vol. 1: Issue 1

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Role of Derivatives (Future and Options) in the Indian Stock Market Simmi Khurana1, Shalini Aggarwal2* 1

Ajay Kumar Garg Institute of Management, Ghaziabad, UP, India 2 Chandigarh University, Gharuan, Punjab, India

ABSTRACT Volatility in the financial market is inevitable. Due to this volatility risk factor came into existence. In today’s era business faces two types of risk such as unsystematic and systematic risk. Volatility in the market comes under systematic risk which can be evaluated with the help of standard deviation. Increase or decrease in volatility in future depends upon market sentiments, emotions and other fundamental concepts of stocks in the market. One major issue arises how we can reduce the risk or mitigate systematic risk. Volatility cannot be mitigated through diversification, only through hedging or by using the right asset allocation strategy. The concept of derivatives came into existence which helps in hedging the risks while adding liquidity to the market. This study attempts to learn the growth of derivatives market in regard to India context and types of traded derivatives products and challenges for derivative market in future. The data are collected from BSE and NSE website. Keywords: derivatives, unsystematic risk and systematic risk, volatility

INTRODUCTION In the financial system capital market has a direct impact on the development of the country. Volatility in the capital market increase the quantum of different types of risk such as interest rate risk, market risk, inflation risk and exchange risk. These risks affect the day to day activities of the business. The role of risk management has emerged strongly for controlling or protecting their operating profit from above mentioned risks. Derivatives are one of the important tools for risk management in developed nation. Derivatives provide an effective solution to the problem of risk caused by uncertainty and volatility in underlying asset. Derivatives are the financial instruments that derive their value from some underlying assets such as indices, exchange rates and so on. Forward, futures, options and swaps are of

the most simple, common and widely used derivatives across the world. The growth of these products in the last yester years has been one of the most extraordinary and important events in the financial market. The current study is centered on index futures and index options. Some vital definitions are provided at the outset to present a clearer picture of the issue under discussion. A futures contract is an agreement to make an exchange in the future. It does not necessarily involve exchange of assets in future. An index future contract is basically an obligation to deliver at settlement, an amount equal to “x” times the difference between the stock index value on the expiration date of the contract and the price at which the contract was originally struck. The value of “x”, which is referred to as the multiple, is

NOLEGEIN: Journal of Entrepreneurship Planning, Development and Management eISSN: 2581-3900 Vol. 1: Issue 1

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A Study on Approach Toward Education – A Study in Coimbatore Region A. Karthikeyan*, T. Mohan Raj, S. Ashok Kumar Jay Shriram Group of Institutions, Tiruppur, Tamil Nadu, India

ABSTRACT Nowadays, no matter in which you switch, stories abound of the great social, financial and educational blessings of entrepreneurship. as a result, entrepreneurship training applications are proliferating in schools and universities around the use of a while 15 years in the past best a very few colleges provided publications in entrepreneurship, currently greater than lots of faculties and institutes offer some shape of entrepreneurship schooling in India. This paper is an attempt to take a look at the notion of college students of various diploma and expert colleges in Coimbatore towards entrepreneurship education. The look at famous some energetic outcomes about this training which in current time has changed the state of affairs of better schooling. The examination also indicates that entrepreneurship education not best gives the base of funding new corporations however additionally gives a platform for selfemployment too. The examination became carried out most of the students who have been graduates or have carried out post-graduation with a pattern size of three hundred college students which discovered an advantageous perception toward entrepreneurship training as some were now not only capable of analyze new technologies however additionally able to innovate new technologies or opportunities. Keywords: entrepreneurship, possibilities, self-employment, training

INTRODUCTION “Entrepreneurship has become one of the maximum sought-after areas of examine amongst collegiate commercial enterprise college students. Graduates of those applications are not best growing in quantity, however also they are reshaping our information of marketplace, technology and control leadership. Bent on figuring out their very own perceived possibilities, they maintain to define the usual for enterprise innovation – and with the aid of doing so, will all the time alter the aggressive panorama for future organization.” Michael camp, director of research, Kauffman center for entrepreneurial management with the increase in demand for employment the call for extra capabilities has also been generated and with the community interest

in this place of entrepreneurship training has raised a lot. In spite of this hobby many colleges and institutes are missing at the back of. With increasing wide variety of graduates in the town the opportunities are lacking a great deal in the back of which in flip has generated scope for selfemployment or entrepreneurship. In spite of the growing range of recent and growing academic packages on this region, many schools had been slow to respond to the increasing pupil and community interest. The developing quantity of college students shunning traditional employment opportunities to emerge as entrepreneurs has caught some commercial enterprise school college and administrators off guard. many are nonetheless curious whether

NOLEGEIN: Journal of Entrepreneurship Planning, Development and Management eISSN: 2581-3900 Vol. 1: Issue 1

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Study of the Impact and Intricacies of FII on CNX Nifty and Sensex Roshni D’Souza, Rakesh Shetty, Jnaneshwar Pai Maroor* Justice K.S. Hegde Institute of Management, Nitte, Karnataka, India

ABSTRACT Foreign Institutional Investors are those established and incorporated outside India which intends to make investment in Indian securities market in India. The FII’s can be the banks, large corporate bodies or even representatives of institutions. These mainly deal in hedge funds, insurance companies, mutual funds and pension funds. These FII investments will be under the regulation of SEBI and are registered in accordance with SEBI Regulations 1995 as FII’s. FII’s can invest in India’s primary and secondary capital markets through Portfolio Investment schemes which allows FII’s to purchase debentures and shares of companies in India through the stock exchanges in India. The maximum amount that can be invested by a FII should be less than 24% of the paid up capital of the companies they invest in India. Reserve Bank of India monitors the compliance of these limits for all foreign institutional investors. Developing economies like that of India are encouraging FII’s and are having highest volume of FII investments, as countries like India provide growth potential to investors than that of developed economies. Keywords: FII, SEBI, Sensex, stock market

INTRODUCTION FII’s are mainly involved in short term investment, as Indian stock markets are growing rapidly they are attracting more number of FII investments. In 1992 government liberalized the foreign sector, especially capital market. As a result, there was a huge inflow of foreign currency into the Indian market. As a result of which, foreign institutional investors (FIIs), were permitted to invest in all securities traded on the primary and secondary markets, including shares, debentures and in mutual funds. The stock market is developing rapidly by having positive contribution of FII, which plays a major role in improving investment and savings in Indian stock markets. They contribute attentively to the growth of stock markets. Foreign institutional investors enhance the reputation of Indian economy internationally. FII’s are volatile and market driven but for the steady inflow of

foreign capital, risk has to be taken. The increased investment of FII’s has made them important players in the Indian stock market. Their buying behavior is determined by several factors and it has influenced volatility in the Indian markets. This fluctuating nature of FII’s significantly influences the domestic markets. As FII’s are the major players their aggressive buying or selling will impact the domestic buyers and sellers, as when they are involved in aggressive buying the market goes up and when they sell the market falls, this impact can be eliminated by domestic players. So, it is important to know the relationship between FII and stock market returns. FIIs act as most effective investors in India and their outflows and inflows determines the direction of Indian stock market. A significant part of these portfolio flows to India comes in the form of Foreign Institutional Investors’ (FIIs’) investments,

NOLEGEIN: Journal of Entrepreneurship Planning, Development and Management eISSN: 2581-3900 Vol. 1: Issue 1

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Startup India New Opportunities for the Entrepreneur Rajesh Siwach Rana* Matu Ram Institute of Management, Rohtak, Haryana, India

ABSTRACT India accounts for four percent of global GDP today. Startup India is the lead activity of the Government in the midst of flourish and rapture. The methodology of the Central Government considers the aggregate goals and undertaking of the hazard taking Indian. The accomplishment of the Silicon Valley new businesses has numerous unyielding and unflinching Indians in its core. India tries to add to 15–20 percent worldwide GDP. It happens when Startup development achieves minimum amount. Startup India looks past the contention that it is a superior bundling of existing institutional help. The complexities of dealing with the assorted variety of considerations, procedures and individuals of India are extremely outstanding. The arrangement of Startup Indians is to thrive under a sea of changes in mentality and considering. It is offering plume to wings of the relentless Indian. The world is attempting to keep away from another emergency. The stoppage in China, the human emergency in the Middle East and the present elements in US and Europe are having their effect on the Indian economy. In spite of two progressive dry seasons and numerous difficulties confronted, the startup activity guarantees to take development past 7.5 percent as anticipated by Moody's. The world has dispersed the anguish of retreat of 2008 and walked forward. Indian business group needs to take an interest in the earth of investigation and advancement not on it in innovation and items, but rather in each fundamental of business. Keywords: entrepreneur, innovation, managing change, Startup India

INTRODUCTION Startup is defined as “an entrepreneurial venture or a new business in the form of a Company, a partnership or temporary organization designed and search of a repeatable and scalable business model.” Startup India brings excitement and immense possibilities for the future. India acknowledged the stark reality of modern business and its complexity. The Central government tried to address the problems faced by the young, entrepreneurial Indian, whose risk-taking ability is unparalleled across the globe. Policy paralysis and lack of transparency were just few of the bottlenecks faced by the entrepreneur. Technology has a predefined role to play in Startups. The Internet-led industry

contributes $30 billion today, which is a fraction of the $250 billion by 2020 [1]. USA internet business could grow from $240 trillion today to$3.5 trillion and China from $700 billion to 1.5 trillion during the same period. The sheer size of change that Startups can choose to bring is mammoth and exponential. Startups do not wish to be chained and caged by existing laws. They like to flourish in an atmosphere of trust and transparency, hope and freedom. What the current dispensation in India has done, is to articulate their thoughts. The Silicon Valley entrepreneurs have made their work speak. The indomitable spirit of the young Indian, full of verve and energy, is seeing an inspiring transformation unfold in their