The review of earlier studies provides an extensive insight in to a wide area of
knowledge including the emergence of entrepreneurial groups in different societies,
economies, in different political and cultural settings across different countries. Studies
have also made attempts to deal with issues like role of entrepreneurial personality, the
composition of his knowledge, skills and competencies and the issues like antecedents
of entrepreneurship. Some of the studies have also examined the relation between such
antecedents of entrepreneurship and entrepreneurial competencies and firms performance
in small and medium enterprises and so on.