In: Finance
what types of entrepreneurship might contribute to the success of the Kumbh Mela? What roles might businesses play during the Kumbh Mela, i.e., what institutional voids might they address?
Administrative entrepreneurship might contribute to the success of Kumbh Mela. This type of entrepreneurship focuses on to centralisation of entrepreneur activity around administrative techniques and functions.
this type of administrative entrepreneurship helps in total quality management of available resources and utilisation of those resources by effective administration so that they could be efficiently utilised for the best possible advantage.
since Kumbh Mela is a Hindu gathering festival which is encompassed all over the prayagraj state of Uttar Pradesh and it encompasses and large geographical area and it is estimated that number of millions people attend those rituals so a high level of administration through digitalization of available resources is important in order to keep situations in check.
businesses play an important role of an intermediary between the people and the administration as there is high institutional void between the people and the administration because there cannot be individual monitoring and it needs a high level of cooperation from the peoples end also so businesses apart from doing the profit making, they also engage into various social causes which combines with the cultural faith of people so they play a very important role of an intermediary.