The term Entrepreneur covers persons who have vision and accomplishment and are capable of change overing vision in to action for the good of the society. Due to alterations in demand in the Market, there is a range for a category of people on large-scale who can change over the available resources into good of society, called Entrepreneurs.
So, a individual who possess accomplishment, inaugural and advanced thoughts for high accomplishments in concern, and of import qualities of an Entrepreneurship is taking the hazard and doing the necessary investings under the conditions of uncertainness.
Entrepreneurship is a procedure of understanding chances in the environment, with regard to one`s ain abilities, with a position to make wealth for oneself through a legal entity. A close relationship exists between chance and single demands. To be an Entrepreneurial chance, a chance must run into two trials: it must stand for a desirable hereafter province, affecting growing or at least alteration and the single must believe it is possible to make that province.
So, Entrepreneurship is understood by, being advanced, hazard pickings, dynamic, flexible, growth-oriented, originative, get downing and runing new ventures.
Now is the clip for Women to venture into the Entrepreneurial universe. Womans owned concerns are extremely increasing in the economic systems of about all states. The concealed entrepreneurial potencies of adult females have bit by bit been altering with the turning sensitiveness to the function and economic position in the society. Skill, Knowledge and adaptability in concern are the chief grounds for adult females to emerge into concern ventures. Women Entrepreneur is a individual who accepts disputing function to run into her personal demands and go economically independent. A strong desire to make something positive is an built-in quality of entrepreneurial adult females, who is capable of lending values in both household and societal life. With the coming of media, adult females are cognizant of their ain traits, indulged in every line of concern from pappad to power overseas telegrams. The challenges and chances provided to the adult females are adult females of digital epoch are turning quickly that the occupation searchers are turning into occupation Godheads. They are booming as interior decorators, interior interior designers, exporters, publishing houses, garment makers and still researching new avenues of economic engagement. In India although adult females constitute the bulk of the entire population, the entrepreneurial universe is still a male dominated one. Womans in advanced states are recognised and are more outstanding in the concern universe. 2010 was the first clip of all time there were more adult females in the work force than work forces. In footings of women-owned concerns, between 1997 and 2011 there was a 50 % addition, while male owned concern merely grew 25 % ( Harmonizing to American Express Report ) .
Why Womans make first-class Entrepreneurs in the Digital Age? How Womans are ruling the enterprisers landscape and are utilizing their accomplishments to win. As times are tough for everyone, more households are traveling towards dual-income families. Besides engineering promotions are doing a practical workplace come-at-able for adult females, who are looking to equilibrate household and their calling.
In the digital landscape, adult females tend to possess certain accomplishments that create a competitory advantage.
Strong Communication Skills & A ; Social Intelligence.
Prefer Lower Risk.
A dynamic Entrepreneurship sector is one of the assorted factors for prosperity of economic system which is necessary to leverage the wealth and invention capacity of the developed states.
This conceptual paper indicates and emphasizes the Women Entrepreneurs as the potentially emerging human resources in the twenty-first century to get the better of the economic challenges in planetary position.
Entrepreneur: Individual keeping vision for making chance for economic growing.
Challenges: Hindrances on the manner towards accomplishment of concluding end.
Opportunities: Opportunities for developing professionally or personally.
This is a concept paper and the research worker has adopted the method of reexamining different research articles, research diaries and instance surveies to roll up informations about entrepreneurship and adult females entrepreneurship which is accordingly incorporated as a concept paper drafted by the research worker.
Introduction TO ENTREPRENEUR/ENTREPRENEURSHIP:
Entrepreneurship is frequently associated with a individual who starts his ain, new and little concern, like fabrication, conveyance, trade and all other freelance careers in the service sector. But non every new little concern is Entrepreneurial or represents Entrepreneurship.
In the early 1th century, the Frenchmen, who organised and led military expeditions were offered to ad “ Entrepreneur ” . Around 1700 A.D. the term was used for designers and contractors of public work. The term “ Entrepreneur ” was applied to concern ab initio in the eighteenth century by the Gallic Economist, Cantillon, who was designated as a trader who purchases the agencies of production for uniting them into marketable merchandises. Another Frenchman, J.B. Say expanded Cantillon`s thought and conceptualized the Entrepreneur as a organiser of concern house, cardinal to its distributive and productive maps.
Harmonizing to J.B Say, “ An Entrepreneur is the economic agent who unites all agencies of production, the labour force of the one and the capital or land of the others and who finds in the value of the green goodss which consequences from their employment, the reconstitution of the full capital that he utilizes and the value of rewards the involvement and the rent which he pays every bit good as net incomes belonging to himself. ” Harmonizing to current thought, Entrepreneurship is “ the ability of a individual who detects and evaluates a new state of affairs in his environment and directs the devising of such accommodation in the economic system as he deems necessary. ” The term “ Entrepreneur ” screens persons who have vision and accomplishment and are capable of change overing vision in to action for the good of the society. Due to alterations in demand in the market there is a range for a category of people on large-scale who can change over the available resources into good of society, called Entrepreneurs. During the above procedure, the Entrepreneur needs to dispatch several maps to win in his activities like, invention, hazard bearing, determination devising, planning, controlling..etc. and should possess entrepreneurial accomplishments like proficient accomplishments, managerial accomplishments and personal accomplishments.
In India, the Entrepreneurial development programmes are taking topographic point to develop enterprisers, like, sharpening single behavior and traits, counsel on undertaking planning and development of concern chances that come in the manner, and developing managerial and operational capablenesss. These activities are really of import in the economic growing of the state. Since, the small-scale Industries are organizing a major portion of the economic growing of the state, the importance of the Entrepreneur is deriving impulse and they are the demand of the hr to hold a rapid economic growing.
Entrepreneurship is non merely confined to any one gender now instead due to multi-faceted economic force per unit areas adult females have turned up and realized that the endurance of their households & A ; their ain potency lies merely in working side by side with work forces. Marlow, ( 2002 ) . Education of adult female have no uncertainty given them huge assurance & A ; encouragement to function & amp ; detect new concern avenues. However the land worlds do differ to a great extent every bit far as geographical boundaries are concerned. Globally adult females are considered as weaker gender physically and emotionally, hence chances open for them to develop into concern professionals is an country still rather undiscovered and needs attending. Wennekers, ( 1999 ) .
Get the better ofing the challenges of concern universe are no uncertainty more unreliable for adult females than their male opposite numbers, therefore they undergo assorted hindrances to accomplish their concern success. Allen and Truman, ( 1993 ) . Fortunately due to technological promotion & A ; agencies of communicating the universe has turned into a planetary community which has created new channels & A ; opened up avenues for adult females to research non merely their possible aptitudes instead search for better concern chances. Carter, ( 2001 ) .
ENTREPRENUERSHIP FOR WOMEN:
A inquiry arises here that what Entrepreneurship means for a adult female?
How a adult females conceives the thought of Entrepreneurship?
Definition: An endeavor owned and controlled by adult females holding a minimal fiscal involvement of 51 % ofA capital and giving at least 51 % of employment generated in theA endeavor toA adult females. Womans who think of a concern endeavor, originate it, form and unite the factors ofA production, operate the endeavor and undertake hazard and manage economic uncertainness involved in running a concern endeavor.
Why doA Women Take-up Employment?
Death ofA bread winnerA
Sudden autumn in household income
Permanent insufficiency in income ofA the household
Women`s desire to measure their endowment
To use their freeA clip or instruction
Need and perceptual experience of Women`s Liberation, Equity etc.
To derive acknowledgment, importance and societal position.
To acquire economic independency
IlliterateA adult females
Involved in household concern such as Agriculture, Horticulture, Animal Husbandry, Dairy, Fisheries, A Agro Forestry, Handloom, Power loom etc.
INDIAN SCENARIO: The Indian adult female play really many functions, pure, supreme or virtuousnesss to frailty or downtrodden. Constantly, the function is besides undergoing several alterations. While playing their function, Indian Women are confronted with contradictions. Because of these contradictions, they are unable to place themselves with the society. The attitude, perceptual experiences, roles..etc of Indian Women expression like an assembly of diverse fragments. This perplexed state of affairs of Indian adult females has made it really hard to specify their functions and they can non place their functions for themselves. Because of this field truth presuming the function of enterpriser and leading for an Indian Women was a hard undertaking. But still times have changed. The present society is liberating the Indian Women from the ironss and bonds of centuries.
This is slow but decidedly displacement over is go oning for the undermentioned grounds:
The construct of Globalization is accepted in a large manner.
The sudden emerging tendency in information engineering and its infiltration to every section of life.
Adoption of diversified civilization in the Indian society due to globalisation and other built-in ethos of Indian society.
Unexpected occurrences around the universe and their impact on Indian society.
Change in socio-cultural context due to increased instruction for adult females since independency.
Change in political political orientation and administration of the state.
But, In India, the function of Women Entrepreneur is no less important. About 9 % of entire Entrepreneurs in little industries are adult females enterprisers. State-wise distribution shows a broad fluctuation between different provinces. Punjab histories for 3 % , Gujarat occupies the top place with 15 % . The countries chosen by adult females are retail trade, eating houses, hotels, instruction, cultural, cleansing, insurance and fabrication.
Womans owned businessesA are extremely increasing in the economic systems of about all states. The concealed entrepreneurial potencies of adult females have bit by bit been altering with the turning sensitiveness to the function and economic position in the society. Skill, cognition and adaptability in concern are the chief grounds for adult females to emerge into concern ventures. ‘Women Entrepreneur ‘ is a individual who accepts disputing function to run into her personal demands and go economically independent. A strong desire to make something positive is an built-in quality of entrepreneurial adult females, who is capable of lending values in both household and societal life. With the coming of media, adult females are cognizant of their ain traits, rights and besides the work state of affairss. The glass ceilings are shattered and adult females are found indulged in every line of concern from pappad to power overseas telegrams. The challenges and chances provided to the adult females of digital epoch are turning quickly that the occupation searchers are turning into occupation Godheads. They are booming as interior decorators, interior interior designers, exporters, publishing houses, garment makers and still researching new avenues of economic engagement. In India, although adult females constitute the bulk of the entire population, the entrepreneurial universe is still a male dominated one. Womans in advanced states are recognized and are more outstanding in the concern universe.
In 19 1970ss, Women entrepreneurship began in is existent sense. By this clip, the first coevals after Independence had completed their instruction. Educated adult females to carry through their aspirations and aspirations began choosing for self-employment. This was an active measure non taken out of irresistible impulses or weakness, but with ardor to do a better life. In this decennary, adult females were in passage period. They could non come out to the full from traditional activities of looking after place, their in-laws, parents, hubbies and kids. A T the same clip they has to acquire into independent economic activities. This was a challenge.
Eightiess and Nineties saw a sea alteration in adult females entrepreneurship domain. These were the decennaries of the discovery for adult females to go enterprisers in many Fieldss. They developed bravery to do new beginnings. Parents besides developed a new thought. The traditional pattern of doing merely progeny as a concern spouse in household owned concerns, ( jurisprudence of Inheritance back uping this ) , parents started their ain consultancy houses, supplying different types of proficient services. Parents started taking their female kids as spouses in their concerns. Government besides supported this new thought by doing amendments to Succession Act.
Legislations said that both male and female have equal rights in the familial belongings. This coupled with professional instruction made immature ladies to acquire into self employment. Many became spouses in their household owned concern. Good figure of lady physicians opened their ain clinics. Engineering graduated started their ain consultancy houses, supplying different types of proficient services. They besides got into service countries like CA, Advocates, Hospitality concern and good figure opened secretarial offices. Good per centum of adult females took to little concern activities. Today we can see many adult females enterprisers in little concern.
In earlier Five twelvemonth programs, adult females entrepreneurship construct was non significantly considered. Merely in recent programs, peculiarly after Eight Five Year Plan, “ Women Empowerment ” construct came to lime light. From this program onwards, adult females started working on new frontiers. The new coevals of adult females did non believe on the lines of their female parents. They stated developing independent activities. They had aspirations and aspirations. Taking to self-employment was non out of irresistible impulse or weakness. It became a coveted pick of many ladies to plan and develop their ain endeavor.
Womans started believing that self-employment as an built-in facet of their life. They started believing on the lines choosing their ain callings. Adopting ain business for income coevals without diverting much from the societal system is going a cardinal factor in a woman`s life. Besides holding place and kids, adult females have started believing to hold an independent business. While accepting the traditional people behaviour, from older coevals, adult females today expect apprehension and support from their hubbies and kids to hold their occupational pick. As enterprisers, adult females want their voice to be heard as leaders, as they are capable of lending to the growing and success of their endeavor.
But the IndianA adult females entrepreneursA are confronting some major restraints like –
a ) Lack of assurance: In general, adult females lack assurance in their strength and competency. The household members and the society are loath to stand beside their entrepreneurial growing. To a certain extent, this state of affairs is altering among Indian adult females and yet to confront a enormous alteration to increase the rate of growing in entrepreneurship.
B ) Socio-cultural barriers: Women ‘s household and personal duties are sometimes a great barrier for wining in concern calling. Merely few adult females are able to pull off both place and concern expeditiously, giving adequate clip to execute all their duties in precedence.
degree Celsiuss ) Market-oriented hazards: Stiff competition in the market and deficiency of mobility of adult females make the dependance ofA adult females entrepreneursA on jobber indispensable. Many concern adult females find it hard to capture the market and do their merchandises popular. They are non to the full cognizant of the altering market conditions and hence can efficaciously use the services of media and internet.A
vitamin D ) Motivational factors: Self motive can be realized through a head set for a successful concern, attitude to take up hazard and behavior towards the concern society by shouldering the societal duties. Other factors are household support, Government policies, fiscal aid from public and private establishments and besides the environment suited for adult females to set up concern units.A
vitamin E ) Knowledge in Business Administration: Womans must be educated and trained invariably to get the accomplishments and cognition in all the functional countries of concern direction. This can ease adult females to stand out in determination makingA processA and develop a good concern network.A
degree Fahrenheit ) Awareness about the fiscal aid: Assorted establishments in the fiscal sector extend their maximal support in the signifier of inducements, loans, strategies etc. Even so every adult female enterpriser may non be cognizant of all the aid provided by the establishments. So the sincere attempts taken towardsA adult females entrepreneursA may non make the enterprisers in rural and backward countries.
g ) Exposed to the preparation plans: Training plans and workshops for every type of enterpriser is available through the societal and welfare associations, based on continuance, accomplishment and the intent of the preparation plan. Such plans are truly utile to new, rural and immature enterprisers who want to put up a little and average graduated table unit on their ain.
H ) Identifying the available resources: Womans are hesitating to happen out the entree to provide their demands in the fiscal and selling countries. In malice of the mushrooming growing of associations, establishments, and the strategies from the authorities side, adult females are non enterprising and dynamic to optimise the resources in the signifier of militias, assets mankind or concern volunteers.A
Highly educated, technically sound and professionally qualified adult females should be encouraged for pull offing their ain concern, instead than dependent on pay employment mercantile establishments. The undiscovered endowments of immature adult females can be identified, trained and used for assorted types of industries to increase the productiveness in the industrial sector. A desirable environment is necessary for every adult female to instill entrepreneurial values and involve greatly in concern traffics.
The extra concern chances that are late nearing forA adult females entrepreneursA are:
aˆ? Eco-friendly engineering
aˆ? IT enabled endeavors
aˆ? Event Management
aˆ? Tourism industry
aˆ? Plastic stuffs
aˆ? Mineral H2O
aˆ? Flower gardening
aˆ? Herbal & A ; wellness attention
aˆ? Food, fruits & A ; vegetableA processing
EmpoweringA adult females entrepreneursA is indispensable for accomplishing the ends of sustainable development and the constrictions impeding their growing must be eradicated to entitle full engagement in the concern. Apart from developing plans, Newsletters, mentoring, trade carnivals and exhibitions besides can be a beginning for entrepreneurial development. As a consequence, the coveted results of the concern are rapidly achieved and more of compensable concern chances are found. Henceforth, advancing entrepreneurship among adult females is surely a short-cut to rapid economic growing and development. Let us seek to extinguish all signifiers of gender favoritism and therefore let ‘women ‘ to be an enterpriser at par with work forces.
Women Entrepreneurs in the Digital Age:
“ Why Women Make Excellent Entrepreneurs in the Digital Age ”
2010 was the first clip of all time there were more adult females in the work force than work forces. In footings of women-owned concerns, between 1997 and 2011 there was a 50 % addition, while male-owned concern merely grew by 25 % ( American Express study ) . Womans are ruling the enterpriser landscape and are utilizing their accomplishments to win.
HOW… … .WHY?
As times are tough for everyone, more households are traveling towards dual-income families. ( as briefed above with push and pull factors )
Besides, engineering promotions are doing a practical workplace come-at-able for adult females, who are looking to equilibrate household and their calling. By making a more nomadic environment, flexibleness is accomplishable.
Women ‘s Competitive Edge:
In the digital landscape, there is a stronger growing in adult females enterprisers than work forces, they could utilize these accomplishments, many of course possess, to accomplish success.
The surveies conducted by many bookmans with mention to Women competitory border, believes adult females tend to possess certain accomplishments that create a competitory advantage like,
Strong Communication Skills & A ; Social Intelligence
Determination to Excel
Prefer Lower Risk
Do adult females ‘s strong communicating and societal accomplishments make them more equipt to boom in our post-industrial digital age? In short, do adult females hold specific accomplishments – whether the consequence of biological science or societal conditioning – that can assist them win as enterprisers?
The reappraisal of literature reveals, assisting enterprisers and little concern proprietors launch their trade names, It is strongly believed there are several traditionally “ feminine ” leading qualities that are more important now than of all time.
5 grounds why adult females make great enterprisers in the digital epoch:
‘Is today ‘s concern environment more aspiring for female enterprisers? ‘
Take a expression at the points below and allow us cognize whether you think they ‘re true or non.
1. Women possess strong communicating accomplishments and societal intelligence. The digital economic system requires these accomplishments, and adult females enjoy a little border over their male opposite numbers ( harmonizing to legion surveies ) .
2. Womans make good hearers. Whether due to biology or cultural conditioning, adult females tend to be better hearers and are stronger at pulling people into conversation. This translates to several advantages for the enterpriser, who can break attune herself to client demands and construct more effectual squads of employees, contractors and spouses. In fact, many adult females enterprisers frequently describe constructing their concern as edifice a squad.
3. Women collaborate. Womans have worked good together since the earliest female endeavors, whether spliting grains in the small town or working in quilting bees. Even some of today ‘s cultural stereotypes have legs, for case, adult females ‘s joint trips to the public toilet!
A 2009 Time magazine article by Claire Shipman and Katty Kay says, “ [ Womans are ] consensus builders, make-peaces and confederates, and they employ what is called a transformational leading manner – to a great extent engaged, motivational, highly good suited for the emerging, less hierarchal workplace. ” The article, entitled “ Women Will Rule Business, ” cited projections from the Chartered Management Institute in the UK. Looking in front to 2018, CMI believes the work universe will be more fluid and practical, and the demand for female direction accomplishments will be stronger than of all time.
4.Women prefer lower hazard. Research workers have begun concentrating on the relationship between testosterone and inordinate hazard, therefore measuring whether groups of work forces spur each other toward foolhardy determinations. Whether testosterone influences decision-making or non, research shows that, as a whole, adult females prefer lower hazard chances and are willing to settle for lower returns.
Virtual workplaces and digitally nomadic life styles give draw a bead oning adult females entrepreneurs the flexibleness to accomplish the balance between work and household. Digital tools average that adult females can now construct a concern from place and make alone work agendas. ‘
Risk antipathy may travel hand-in-hand with motives for get downing a concern. A 2007 survey from the Small Business Administration ( Are Male and Female Entrepreneurs Really That Different? ) observes the differences between male and female enterprisers in the U.S. The consequences found that male proprietors are more likely to get down a concern to do money, and have higher outlooks for their concern. Womans are more likely to prioritise that concern and personal lives work in harmoniousness.
The digital age offers a wealth of low-risk chances. Ventures like blogging, web-based services, e-commerce and package development require smaller upstart costs than manufacturing-based, brick and howitzer type concerns. Cloud-based tools and practical work forces further lower the cost of entry, doing the thought of get downing a concern more executable and/or toothsome for risk-averse enterprisers.
But a strength can besides be a failing. Yes, the inclination to minimise hazard can take to higher success rates for female enterprisers. However, risk-phobia can besides intend adult females are more likely to restrict the size of their concerns, and less likely pursue outside support from investors to fuel growing. On an mean, men-owned houses are larger than women-owned houses. It ‘s up to each person concern proprietor to specify the ends of his or her concern. If a adult female chooses to prosecute a smaller concern venture that lets her balance her concern and personal life in more harmoniousness, more power to her. For now, I think we should observe the growing in adult females enterprisers, but besides wonder if woman-owned high growing startups are an under-utilized resource in our economic system. It ‘s clip we made infinite for the underdog – if that term even applies any longer.
What do you desire to state?
Click here to call off answer. Following coevals of female enterprisers at bosom of concern
The following coevals of enterprisers bucking the economic tendency by seting values back at the bosom of concern. And adult females are giving work forces a tally for their money. The successful female societal enterprisers as function theoretical accounts for adult females in concern and draw a bead oning female enterprisers. Unlike the private sector, adult females who set up and run a concern with a societal or community purpose are every bit widespread as their male opposite numbers.
“ At the hazard of generalising, adult females have a existent advantage in leading that might be a great advantage in the concern universe. They can move and take while remaining tuned into their co-workers. Bing confident plenty to utilize that is important. Womans leaders should n’t seek to be one of the cats. They can utilize their natural gifts to their advantage. ”
Sam Baumber, Business Development Manager at the Social Enterprise Academy says that female societal enterprisers are the function theoretical accounts for concern leaders in the current economic clime.
“ Womans who are taking successful societal endeavors are function theoretical accounts for adult females believing about puting up their ain concern. In the current clime societal endeavor is booming and these inspiring adult females prove that values of squad work and emotional intelligence that adult females frequently bring as leaders can assist construct successful and resilient concerns.
“ Many of our alumnuss who started with an thought and firing passion and hold developed into taking female societal enterprisers in India and we hope their success narratives will assist others with an thought to do it go on. “ A« Fewer lucifers
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Womans in Business Challenge 2013:
Empowering Women Entrepreneurs to Drive Growth-some success narratives:
1st Successful Womans Entrepreneur: Priyanka Malhotra.
Priyanka Malhotra is successful adult females entrepreneur in India. She is runing the concern of book publication and besides devotes her clip in cafe concern. She did graduated in printing and publication from London college of publication. She besides holda the grade of M.Sc in media and communicating field. After this, she came to India and became successful concern adult females in Delhi. Priyanka thinks otherwise about the thought of scaling her concerns.
2nd Successful Women Entrepreneur- Bhawana Kakkar: Bhawana Kakkar is immature graduate adult females in picture and humanistic disciplines. She did besides graduate student in Art history from Baroda University. She has immense experience in manner designing in India and she opened Art gallery. She is besides printing magazine named “ Take-Simple Black ” .
3rd Successful Women Entrepreneur – Manju Bharatram: Mr. Manju Bharatram was a simple kid for whom school wasn`t happy experience. Just like many other. And the twenty-four hours she saw her ain kids experiencing the same every bit good, she became a societal enterpriser.
4th Successful Women Entrepreneur – Rajashree Birla: Rajashree Birla is a successful adult females enterpriser and president of Aditya Birla Centre for Community and rural development. Her focal point is on the all-around development of the communities around our workss located largely in distanct rural and tribal belts. All our group companies, Grasim, Hindalco, Aditya Birla NMuvo, Indo Gulf and Ultra Tech have Rural Development Cells which are the execution organic structures.
5th Successful Women Entreprenuer-Shruti: Shruti is a degree holder in Chemistry from University of Pennsylvania and she did worked with Merrill Lynch. She came back India after in USA and started her ain hotel concern and became a successful adult females entrepreneur in India.
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Entrepreneurship is soon the most discussed and bucked up construct all over the universe to get the better of economic challenges. Womans being the critical gender of the overall population have great capacity and potency to be the subscriber in the overall economic development of any state. Therefore, plans and policies need to be customized to non merely promote entrepreneurship every bit good as implement schemes which can assist back up entrepreneurial civilization among young person. Media has the potency to play the most critical function in entrepreneurial development by making and foregrounding all such platforms which can convey out the creativeness and invention among the adult females and work forces to turn entrepreneurship civilization in society. Developing states are decidedly in dire demand to promote adult females entrepreneurship as adult females work force is quickly available to work the undiscovered dimensions of concern ventures. Developed states should chiefly concentrate on entrepreneurial educational plans in order to develop adult females entrepreneurs. By and large talking, globally concern universe has realized and is working on war terms to make entrepreneurship as the concluding redress to get the better of all types of concern and market challenges.
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