Best entrepreneurial practices of the Southern Province entrepreneurship in Sri Lanka

Abstract

The focus of this article is to identify the best entrepreneurial practices of entrepreneurs in the Southern Province of Sri Lanka. Entrepreneurs are playing a key role in the development of the country and in enhancing the standards of living of the citizens of Sri Lanka. It is generally believed that the South is famous as a garden of entrepreneurs. They are engaged in various industries, and contribute towards developing the province and the country at large. This article identifies and discusses their best practices. To identify the best practices, entrepreneurs of six organizations were interviewed relating to the areas of networking, quality, rewards and recognition, attitudes, controls and information. These were unstructured interviews to encourage them to present their ideas freely. But the researchers carefully guided them to limit their views to the above areas. Customer satisfaction, risk taking and bearing, dealing with human being, adapting to environmental change and management by wandering around are seen as their best practices.