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Journal ArticleDOI

Making of an entrepreneur: a journey with leather – MVR Leathers

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TLDR
MVR Leathers as mentioned in this paper is a small-scale leather-processing unit located in Chennai, India, which was the brainchild of Venkat Raj, who started his career in 1982 as a casual labourer in an unrelated domain.
Abstract
\nLearning outcomes\nThe case discussion will help the participants figure out ways the entrepreneur could handle problems such as labour shortage, demonetisation and customer retention and find possible strategies to overcome them.\n\n\nCase overview/synopsis\nMVR Leathers is a small-scale leather-processing unit located in Chennai. MVR was the brainchild of Venkat Raj, who started his career in 1982 as a casual labourer in an unrelated domain. His unwavering persistence helped him to become an independent entrepreneur by 2008. In achieving his dream to become an entrepreneur, Raj encountered many challenges and an equal number of new opportunities. Each time he faced a challenge, he met a new set of people who helped him. However, at times, the same people who had helped him once might throw him out of the scene. In brief, his struggle is never-ending. He keeps fighting to come back and find new avenues to success. A different set of challenges surfaced as he took charge of his firm as a sole owner. Once again, he countered those challenges with courage and grit. In doing so, he made full use of his experience.\n\n\nComplexity academic level\nThe case can be used for discussions at the executive, postgraduate and undergraduate levels. Academic courses that address topics such as entrepreneurship, entrepreneurs, small-firm strategies, business environments, leather industry, leadership, human resource management and entrepreneurial journeys can use the case for classroom learning.\n\nSupplementary materials\nTeaching Notes are available for educators only.\n\n\nSubject code\nCSS 3: Entrepreneurship.\n

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References
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Birds of a Feather: Homophily in Social Networks

TL;DR: The homophily principle as mentioned in this paper states that similarity breeds connection, and that people's personal networks are homogeneous with regard to many sociodemographic, behavioral, and intrapersonal characteristics.
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A Resource-Based Theory of the Firm: Knowledge Versus Opportunism

TL;DR: In this article, the authors develop a resource-based knowledge-based theory of why firms are formed, based on irreducible knowledge differences between individuals rather than the threat of purposeful cheating or withholding of information.
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The cultural relativity of organizational practices and theories

TL;DR: In this article, the authors summarized the author's recently published findings about differences in people's work-related values among 50 countries and pointed out that national and regional differences are not disappearing; they are here to stay and that these differences may become one of the most crucial problems for man- agement-in particular for the management of multinational, multicultural orga- nizations, whether public or private.
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Nature of Buyer–Supplier Relationship: Small Businesses in a Small City

TL;DR: In this article, the proposition of Williamson that highly standardized transactions are not apt to require a specialized governance structure is accepted, and a discrete transaction mark is proposed to be used for such transactions.
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Informality, Micro and Small Enterprises, and the 2016 Demonetisation Policy in India

TL;DR: In this article, the authors examined small and micro entrepreneurs in Delhi, India, distinguishing registered (more formal) and unregistered (more informal) enterprises, and found that their social backgrounds and trust were different, and that the difference is correlated with firm performance.