Kunkal’s theory of Entrepreneurship Supply:
John H. Kunkal advocated the theory of entrepreneurship supply. According to him, psychological & sociological variables are the main determinants for the emergence of entrepreneurs. He contemplated that entrepreneurial talent can be found in minorities, religious, ethnic, migrated, displaced elites & these minorities have supplied most fo the entrepreneursm in the society. Entrepreneurism can be dependent upon the following structures in the economy.
- Demand structure.
- Limitation structure.
- Labour structure.
- Opportunity structure.
- Demand structure: It implies economic demand with relation to changes in economic development & government polices. Demand structure can be augmented with the help material rewards which can influence entrepreneurial behavior.
- Limitation structure: It is originally socio-cultural in character. In this structure, entrepreneur is regarded as the most deviant individual in the society & that’s why the society restricts specific activities that influence all members in the society.
- Labour structure: It refers to the supply of skilled & willing labour. The structure is governed by a large numbers of factors such as racial stock, available job alternatives, traditionalism, mobility of labour etc.
- Opportunity structure: It is the most important structure governing the supply of entrepreneurs. The structure refers to the technological & managerial skills, information about techniques of production, market structure & supply of capital.
Thus, J.H Kunkel in his behaviourial model depicted that entrepreneurial supply is concerned with overtly depressed activities of individuals & their relations to the previously & presently surrounding social structure & physical conditions. This behavourial model is based upon the following premises.
- Man’s internal state.
- Conditioning procedure, determinant of activities: the behavioural model of Kunkel depicts that the determinant of an individual activities are to be found largely in the conditioning procedure, both deliberate & accidental to which he has been subjected in the past.