The concept of `Entrepreneurial Studies` has appreciably changed in nature and content over the years. It is no longer considered an assortment of all sorts of arbitrary facts and figures to choose from. Instead, it is now increasingly becoming more of a systematic, purposeful and objective study of a wide range of disciplines, cultural variances, value systems and environment around us. Entrepreneurial development and management has become to be recognized globally as the key to rapid and suitable economic development as well as the welfare and progress of mankind.