FOSTERING ENTREPRENEURSHIP: A STUDY ON RETAIL STARTUPS IN BANGALORE

Abstract

The retail industry plays a pivotal role in the global economy, and its entrepreneurial ecosystem has garnered significant attention in recent years. This research aims to provide a comprehensive analysis of the entrepreneurial ecosystem within the retail sector, shedding light on its key components, dynamics, and impact on innovation and economic growth. The study encompasses a wide range of stakeholders within the retail ecosystem, including established retailers, start-ups, investors, technology providers, and regulatory bodies.

Key findings from this research reveal the intricate interplay between traditional and innovative retail players, demonstrating how established retailers adapt to disruptive technologies and new market entrants. Moreover, it explores the regulatory environment and its influence on entrepreneurship and innovation in the industry.The entrepreneurial ecosystem of the retail industry is found to be dynamic and rapidly evolving, driven by factors such as changing consumer preferences, advancements in technology, and

shifts in supply chain management. The study underscores the importance of collaboration and knowledge sharing among ecosystem participants, as well as the need for agile business strategies to thrive in this competitive landscape.