ARCHIVES
Original Article
Entrepreneurial Skills and Quantitative Decision - Making: The Role of Business Mathematics in Emerging Enterprises of Assam
Ashim Kumar Sarmah1
Debajyoti Sarkar2
Sanjeeb Kumar Jena3
1 Research Scholar, Department of Mathematics, National Institute of Technology, Manipur, India. 2 Research Scholar, Department of Commerce, Rajiv Gandhi University, Arunachal Pradesh, India. 3 Professor, Department of Commerce, Rajiv Gandhi University, Arunachal Pradesh, India
Published Online: March-April 2026
Pages: 196-209
Cite this article
↗ https://www.doi.org/10.59256/ijrtmr.20260602029
References
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26. Sarkar, D., & Sarmah, A. (2024). Analyzing the nexus between entrepreneurship and business mathematics - a comprehensive study on
strategic decisionmaking, financial modeling, and risk assessment in small and medium enterprises (SMEs). International Journal of
Research and Review, 11(2), 40-51.
27. Lussier, R. N., & Halabi, C. E. (2010). A three-country comparison of business success. Journal of Small Business Management, 48(3),
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92–111.
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31. Rauch, A., Wiklund, J., Lumpkin, G. T., & Frese, M. (2009). Entrepreneurial orientation and performance. Entrepreneurship Theory
and Practice, 33(3), 761–787.
32. Reynolds, P. D. (2005). Understanding business creation. Small Business Economics, 24(4), 359–364.
33. Sarkar, D., & Jena, S. K. (2025). Empowering Educated Youths through Entrepreneurial Competency: A Study of Emerging
Opportunities in Assam. International Journal of Recent Trends in Multidisciplinary Research, 5(6), 57 – 66.
34. Robbins, S. P., & Coulter, M. (2018). Management (14th ed.). Pearson.
35. Saunders, M., Lewis, P., & Thornhill, A. (2019). Research methods for business students (8th ed.). Pearson.
36. Schumpeter, J. A. (1934). The theory of economic development. Harvard University Press.
37. Sekaran, U., & Bougie, R. (2016). Research methods for business (7th ed.). Wiley.
38. Shane, S. (2003). A general theory of entrepreneurship. Edward Elgar.
39. Storey, D. J. (2016). Understanding the small business sector. Routledge.
40. Unger, J. M., Rauch, A., Frese, M., & Rosenbusch, N. (2011). Human capital and entrepreneurial success. Journal of Business
Venturing, 26(3), 341–358.
41. Wooldridge, J. M. (2016). Introductory econometrics (6th ed.). Cengage Learning.
42. World Bank. (2020). Doing business 2020. World Bank Publications.
43. Ministry of Micro, Small and Medium Enterprises. (2024). Annual report 2023–24.
44. Government of Assam. (2024). Economic survey of Assam 2023–24. Directorate of Economics and Statistics.
45. Indian Institute of Entrepreneurship. (2023). Annual report.
46. OECD. (2021). Entrepreneurship at a glance 2021. OECD Publishing.
2. Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2016). Statistics for business and economics (13th
ed.). Cengage Learning.
3. Bandura, A. (1986). Social foundations of thought and action. Prentice-Hall.
4. Baron, R. A., & Tang, J. (2011). The role of entrepreneurs in firm-level innovation. Journal of Business Venturing, 26(1), 49–60.
5. Baum, J. R., & Locke, E. A. (2004). The relationship of entrepreneurial traits to venture growth. Journal of Applied Psychology, 89(4),
587–598.
6. Becker, G. S. (1993). Human capital: A theoretical and empirical analysis. University of Chicago Press.
7. Bird, B. (1995). Toward a theory of entrepreneurial competency. Journal of Business Venturing, 10(1), 51–72.
8. Chandler, G. N., & Jansen, E. (1992). The founder’s self-assessed competence. Journal of Business Venturing, 7(3), 223–236.9. Cochran, W. G. (1977). Sampling techniques (3rd ed.). John Wiley & Sons.
10. Cohen, J. (1992). A power primer. Psychological Bulletin, 112(1), 155–159.
11. Creswell, J. W. (2014). Research design: Qualitative, quantitative, and mixed methods approaches (4th ed.). Sage.
12. Davidsson, P., & Honig, B. (2003). The role of social and human capital. Journal of Business Venturing, 18(3), 301–331.
13. Davenport, T. H., & Harris, J. G. (2007). Competing on analytics: The new science of winning. Harvard Business School Press.
14. Delmar, F., & Shane, S. (2003). Does business planning facilitate venture development? Strategic Management Journal, 24(12), 1165–
1185.
15. Drucker, P. F. (1985). Innovation and entrepreneurship. Harper & Row.
16. Field, A. (2018). Discovering statistics using IBM SPSS statistics (5th ed.). Sage.
17. García, D., Martínez, J. M., & Fernández, R. (2018). Financial literacy and SME performance. Journal of Small Business Management,
56(1), 1–20.
18. Gartner, W. B. (1988). Who is an entrepreneur? American Journal of Small Business, 12(4), 11–32.
19. Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed.). McGraw-Hill.
20. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis (7th ed.). Pearson.
21. Hisrich, R. D., Peters, M. P., & Shepherd, D. A. (2017). Entrepreneurship (10th ed.). McGraw-Hill.
22. Knight, F. H. (1921). Risk, uncertainty and profit. Houghton Mifflin.
23. Kotler, P., & Keller, K. L. (2016). Marketing management (15th ed.). Pearson.
24. Kraus, S., Rigtering, J. P., Hughes, M., & Hosman, V. (2012). Entrepreneurial orientation and performance. Journal of Business
Research, 65(7), 1003–1011.
25. Lind, D. A., Marchal, W. G., & Wathen, S. A. (2020). Statistical techniques in business and economics (17th ed.). McGraw-Hill.
26. Sarkar, D., & Sarmah, A. (2024). Analyzing the nexus between entrepreneurship and business mathematics - a comprehensive study on
strategic decisionmaking, financial modeling, and risk assessment in small and medium enterprises (SMEs). International Journal of
Research and Review, 11(2), 40-51.
27. Lussier, R. N., & Halabi, C. E. (2010). A three-country comparison of business success. Journal of Small Business Management, 48(3),
360–377.
28. McClelland, D. C. (1961). The achieving society. Van Nostrand.
29. Mitchelmore, S., & Rowley, J. (2010). Entrepreneurial competencies. Journal of Small Business and Enterprise Development, 17(1),
92–111.
30. Porter, M. E. (2008). Competitive strategy. Free Press.
31. Rauch, A., Wiklund, J., Lumpkin, G. T., & Frese, M. (2009). Entrepreneurial orientation and performance. Entrepreneurship Theory
and Practice, 33(3), 761–787.
32. Reynolds, P. D. (2005). Understanding business creation. Small Business Economics, 24(4), 359–364.
33. Sarkar, D., & Jena, S. K. (2025). Empowering Educated Youths through Entrepreneurial Competency: A Study of Emerging
Opportunities in Assam. International Journal of Recent Trends in Multidisciplinary Research, 5(6), 57 – 66.
34. Robbins, S. P., & Coulter, M. (2018). Management (14th ed.). Pearson.
35. Saunders, M., Lewis, P., & Thornhill, A. (2019). Research methods for business students (8th ed.). Pearson.
36. Schumpeter, J. A. (1934). The theory of economic development. Harvard University Press.
37. Sekaran, U., & Bougie, R. (2016). Research methods for business (7th ed.). Wiley.
38. Shane, S. (2003). A general theory of entrepreneurship. Edward Elgar.
39. Storey, D. J. (2016). Understanding the small business sector. Routledge.
40. Unger, J. M., Rauch, A., Frese, M., & Rosenbusch, N. (2011). Human capital and entrepreneurial success. Journal of Business
Venturing, 26(3), 341–358.
41. Wooldridge, J. M. (2016). Introductory econometrics (6th ed.). Cengage Learning.
42. World Bank. (2020). Doing business 2020. World Bank Publications.
43. Ministry of Micro, Small and Medium Enterprises. (2024). Annual report 2023–24.
44. Government of Assam. (2024). Economic survey of Assam 2023–24. Directorate of Economics and Statistics.
45. Indian Institute of Entrepreneurship. (2023). Annual report.
46. OECD. (2021). Entrepreneurship at a glance 2021. OECD Publishing.
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