Understanding the Relationship Between Entrepreneurship and Project Management

Dr. Jagadish Brahma Goulap

Abstract

Purpose: In the present world of globalization, both economic prosperity and social progress depend a lot on entrepreneurial ventures and investors’ willingness to invest in different kinds of projects. However, these sorts of ventures and investments have their respective sets of risks and challenges. Seeing this situation, academics and experts of this field have started paying close attention to Entrepreneurship and Project Management (E&PM). Over the past 30 years, these two fields have been witnessing unprecedented developments. From the historical perspective, these two are multidisciplinary fields and both fields are progressing side by side with distinctive developmental parameters and cultures. The aim of this paper is to present a comprehensive dialogic conversation between these two discrete perspectives and interlinked propositions: First, E&PM should stay connected and second, E&PM should converge. Approach/Design/ Methodology: With an aim to guide the close examination of these propositions, the authors find the necessity of Luhmann and a methodical discursive outlook of both the fields of discourses. The ultimate purpose is to add some valuable content to the on-going debate related to the following questions: Are E & PM are so distinct from one another that they are incompatible? If so, is it good for an economy and business? Findings: The paper concludes that E & PM may stay away from each other as they bear various dissimilarities. This is better that they remain separated from each other as distance generates a creative tension between them that ultimately does good to both these sectors. Originality/Value: Many researchers in this field have established focus on linking E & PM. They opine that entrepreneurship and project management have underlying agreement on several aspects. The target of this paper is to provide a broader dialogical conversation between these two perspectives and the propositions: E&PM should stay separate and E&PM should converge. While doing so, this paper resides on Luhaman and methodical discursive point of view.

Keywords

Entrepreneurship, Project management, Economic prosperity, Social progress.

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Cites this article as

D. J. B. Goulap "Understanding the Relationship Between Entrepreneurship and Project Management", International Journal of Innovative Research in Engineering & Management (IJIREM), Vol-5, Issue-6, Page No-222-235, 2018. Available from: