The Concept Of An Entrepreneurship

The Concept Of An Entrepreneurship
The definition of an entrepreneurship is a commonly argued point, with several definitions given by many different people. The Business in Action
textbook defines entrepreneurship as the combination of innovation, initiative and willingness take risks required to create and operate new businesses
and an entrepreneur as a person with positive, forward–thinking desire to create profitable, sustainable business enterprise. According to this definition,
a small business owner could definitely be classed as an entrepreneur, as anyone who runs and owns their own business is taking risks with their
finances every day of trading. However, this definition is not enough because it only shows one trait of the entrepreneur 's personality and behavioral
patterns, which, according to most other sources, does not give the whole picture. In most cases, the person or party behind the business venture works
to present something new to a prospective market. This includes a significant amount of planning and understanding the needs of your potential market.
In other words, it is a competitive option that requires risk–taking, research, good resources, and detailed innovation if you expect to be successful. In
today's society being an entrepreneur can take you to the next level within an industry. It is about taking an initiative to present something new or
make an improvement on something already in existence. This means that you need to be a leader willing to take risks in order to see ideas
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The Importance of Entrepreneurship Essay
Entrepreneurship Term Paper
"Entrepreneur is defined as a person who starts a business and is willing to risk loss in order to make money." (Merriam–Webster.com) Since before
the Great Recession, economists have recognized how important entrepreneurship is to the health of the U.S. economy. (Strangler)
"There are four benefits to the U.S. from entrepreneurs' risk–filled but successful efforts. Entrepreneurs (1) use innovations to improve the quality of
life, (2) create new jobs, (3) improve our position in global economic competition, and (4) create economic growth and new wealth for reinvestment in
the U.S." (Foundation)
Entrepreneurs are responsible for research and development system. "Almost 2/3% of all innovations are due...show more content...
Small Buisiness Administration) If you are a strong negotiator then you have a better chance at saving money and running your business. If you do not
have good negotiating skills you may want to work on improving these skills
Creative: "Entrepreneurs must be able to think creatively." (The U.S. Small Buisiness Administration) If you are able to think "outside the box" then
entrepreneurship may be a choice for you.
Supported by others: Entrepreneurs need the support of other people. Networking is extremely critical in a business. Business mentors are a perfect
go–to person for entrepreneurs. (The U.S. Small Buisiness Administration)
The name of my business is Sunny Cycle. Sunny Cycle is an online store selling motorcycle helmets, sunglasses, face masks, goggles Zippo lighters,
hunting equipment such as knives and flashlights. Products should be easy and inexpensive to ship to keep cost down.
An online store would be a great choice for a small business. Online stores are perfect for business owners that do not have a lot of startup capital and
do not want to form a Corporation. While building the business the use of drop shipping will be used. As the business takes off and I gain more capital
and after knowing which products sell. I would then start contacting wholesalers to purchase

The Importance Of Entrepreneurship
More than ever before, entrepreneurship is trending. If you log onto any social media platform, you can't scroll for long before running into a small
business owner's advertisement for their latest product or service. While there are many people who are starting small businesses, most of them won't
experience exponential growth. According to statistics, eight out of ten small businesses fail within the first 18 months. Being an entrepreneur isn't an
easy feat and requires a lot of personal mindset development. In order to become a better entrepreneur, take a look at gurus like Shark Tank's Kevin
Harrington. He has experienced and seen a lot within his career that showed him the keys to great entrepreneurship. Consider these quotes whenever
you feel a pang of discouragement.
1. "Always look to do business with people you would happily invite to Christmas dinner!
As an entrepreneur, you have the pleasurable responsibility of making all the decisions. These decisions include who comes on to the team as an
employee. When it comes to the hiring process, it's best to develop a criteria of hard skills and soft skills that your employees possess. When your
employees have certain soft skills like a positive attitude, self–confidence and the ability to be a team player, it makes it so much easier to work and
enjoy your team. Develop a team that you genuinely enjoy because it'll make your work experience ten times better. Take a page out of Shonda
Rhimes' book. She learned this lesson the hard way after dealing with difficult employees on the show Grey's Anatomy. Because she did an excellent
job of screening everyone for the hit show, Scandal, she didn't meet that problem again.
2. "Act now!"
Time is of the essence. Even if you can make major moves within the company immediately, still make arrangements and baby steps toward the right
direction. So often, people stay stagnant because they're not proactive. Procrastination is a major issue for many people who don't reach their goals.
Whether they procrastinate due to lack of funds or tons of fear, it gets in the way of really achieving momentum. As soon as you get a great idea to
implement in your company, create a strategic plan and get the ball rolling with an

Entrepreneurship is a topic that is heavily debated in regards to if it can be taught or not. The word Entrepreneurship originates from a French word
that means to undertake. In the business sense, it is defined in the Merriam–Webster dictionary as one who organizes, manages, and assumes the risks
of a business or enterprise. Since entrepreneurship is an appealing career path, people want to know if they can be taught it or if it is something they
have intrinsically. The objective of this essay is to discuss that entrepreneurship is something that cannot be taught as some individuals believe, as one
needs to have the drive to be an entrepreneur, real world experience is necessary to succeed as an entrepreneur and the economy is highly fluid and
hard to keep up with.
In order to even have a chance at being a successful entrepreneur, one must have the drive to succeed which appears to be unteachable. In order to
master anything in life, an individual needs to be invested in what they are doing and persevere even when they feel like giving up. This is backed up
by (Hegarty 322–335) "entrepreneurial education and skills training can improve success but it is doubtful if it will contribute significantly if a natural
entrepreneurial flair does not exist" (pg 323). In ("Can Entrepreneurship Be Taught?", 2016) it states that "Failures and mistakes are an inevitable–and,
indeed, valuable–part of an entrepreneur 's education". The same is in entrepreneurship, not all those that set

Innovation, Entrepreneurship, And Innovation
Innovation, Entrepreneurship, and Intrapreneurship 2
INTRODUCTION
Innovation, entrepreneurship and intrapreneurship is bringing your vision, creativity to life while building something of value that customers are
willing to pay for.
Bill Aulet, managing director in the Martin Trust Center for MIT Entrepreneurship at MIT, lectures on IDEs "innovation
–driven enterprises", high
growth potential and competitive advantage that brings new innovations to customers' world–wide. (Aulet, 2013).
Tom Peters teaches the benefits of SMEs "small and medium enterprises" (SME), you don't have to be in a traditional competitive market, just well
understood business ideas, which have a possibility of failure (Peters, Building a Culture of Innovation, 1999).
Entrepreneur is a chance, to start your own business, with the possibility of failure. Intrapreneurship is given the financial support of a corporation or
large company to have the freedom of innovation, be creative at no cost.
–––––––––––
Keywords:Business, Creative, Entrepreneurship, Innovation, Intrapreneurship
Innovation, Entrepreneurship, and Intrapreneurship 3
Risks and Benefits of Enterprises
Risks:
Small Medium Enterprises "SMEs" is business or organization that usually starts in a home or small office, set of clients, depending on annual sales
and funded by bank loans or

The Importance Of Entrepreneurship
An overwhelmingly large number of businesses in the United States are small, with about 89% staffed with less than 20 employees according to the
2014 U.S. Census. These businesses have one or two owners, a limited number of employees, and are the epitome of the "American Dream."
Entrepreneurship is a vocation admired by people of all ages and backgrounds, from middle–class children watching Shark Tank with their parents to
the grown–up children of immigrants who establish their lives in the States by perhaps opening their own restaurant or hair salon. Entrepreneurship is
practically synonymous with "opportunity," as people look to the likes of Bill Gates and Jeff Bezos who achieved explosive success thanks to one
brilliant idea. However, starting a small business is not as easy a task as some may believe. In today's competitive business environment, more than just
passion and a good idea are necessary for success. It takes tremendous energy, confidence, resilience, and knowledge to start and maintain a business.
Additionally, most entrepreneurs need funding, a network, office space, accountants, and lawyers to ensure that their business will take off. With a
belief that the opportunity to be an entrepreneur should be available to people of all backgrounds, Tayiib Smith and Meegan Denenberg of Little Giant
Creative, based in Philadelphia, PA, created the Institute of Hip Hop Entrepreneurship to teach young people of color invaluable lessons about
entrepreneurship and the

A Brief Biography of Entrepreneurship Essay
1. Introduction In times of crisis, the economy needs new ideas to bring about a change to reactive safely the economy and provide more confidence
to the customers. Entrepreneurship plays an important role in the sustainable growth in the economy performance. Innovation and creativity have
been never easy, however, in a globalized world that is struggling to recover from a major economic crisis, they play a vital role to recover the
economy, becoming the new core competencies of corporations, and a company's greatest asset may be its creative capital (Nussbaum 2005). As a
result of that, Start– ups has diversified the trends, identifying and evaluating new business opportunities, providing to the customer a huge diversity of
the...show more content...
Entrepreneurship concerns an individual's ability to turn ideas into action. According to the definition of WebFinance (2014), Entrepreneurship is the
capacity and willingness to develop, organize and manage a business venture. Pretorius, Millard and Kruger (2005) maintain that "creativity is clearly
part and parcel of the entrepreneurial skills required to successfully start a venture" (p. 56). Early in the 20th century, Joseph Schumpeter, gave us a
definition of an entrepreneur: a person who destroys the existing economic order by introducing new products and services, by introducing new
methods of production, by creating new forms of organization, or by exploiting new raw materials ( Bygrave 2011) Creativity is not only important for
enterprises; entrepreneurship has three central underlying dimensions: innovation, risk–taking and proactiveness (Fillis 2010). The Drucker Society of
Austria (2009) suggest that iinnovation is the specific instrument of entrepreneurship. It is the act that endows resources with a new capacity to create
wealth. Innovation, indeed, creates a resource. Innovation is synonymous with risk–taking, when the companies perceive an opportunity and create
revolutionary product or technologies are taking on the greatest risk because they create new markets. This classic trait is the definition of
risk–taking––the ability to withstand the fear of uncertainty and potential failure. "It all boils down to being able

Self Reflection On Entrepreneurship
In this assignment I aim to self–reflect on my personal entrepreneurial skill.
According to the Cambridge dictionary self–reflection is 'the activity of thinking about your own feelings and behaviour, and the reasons that may lie
behind them'. Self–reflection is a crucial part of development, one of the reasons for this is because self–reflection enables you to review yourself. It
then becomes easier for you to evaluate your performance, this can be used to make improvements for the future.
Entrepreneurship
The Oxford dictionary define entrepreneurship as 'The activity of setting up a business or businesses, taking on financial risks in the hope of profit.' An
Entrepreneur consists of an individual who is both creative and innovative; I believe an entrepreneur is an open–minded individual; this enables them
to think of creative thoughts and ideas that they can use to set–up their own business/businesses. In order to put these creative thoughts and ideas to
good use they also need to be innovative. The 'Business Dictionary' states that Entrepreneurship is 'The capacity and willingness to develop, organize
and manage a business venture along with any of its risks in order to make a profit.' This supports the fact that as an entrepreneur you need to be
willing to take calculated risks, with the aim of prospering and therefore meeting aims and objectives. An entrepreneur needs to be able to handle taking
a loss; an entrepreneur would usually learn from this to enhance their skills so that less mistakes occur in the future.
Self–Reflection is crucial for development (Kolb, 1984)
In my previous education institution, a reflection was undertaken in teamworking. We worked as a team and set–up a project for a talent show. After
we accomplished this we handed out questionnaires to our audience (to gather feedback on how we performed); we were then able to use the
distributed questionnaire to gather more knowledge and understanding on various methods that we could improve for the future.
Hobbs and Kolb are authors who have a strong belief in reflecting on your work. As an entrepreneur this is crucial as it enables you to find any errors
that you may have made to then rectify them. An example of this is when I

Entrepreneurship
1
LESSON– 1
ENTREPRENEUR AND
ENTREPRENEURSHIP
Dr. Jyotsna Sethi
STRUCTURE
1.0 Introduction
1.1 Objectives
1.2 Entrepreneurship as a Career Option
1.3 Concepts and Definitions 1.3.1 Entrepreneur
1.3.2 Entrepreneurship
1.3.3 Enterprise
1.3.4 Difference between Entrepreneur and Entrepreneurship
1.4 Role of Entrepreneurship in Economic Development
1.4.1 Entrepreneurship and Economic Development
1.4.2Entrepreneurship and Education
1.5 Functions of an Entrepreneur
1.6 Innovation
1.7 Risk and Uncertainty Bearing
1.8 Organization
1.9 Functions Performed by an Imitator Entrepreneur
1.10Entrepreneur vs. Manager Relationship 1.11 Summary
1.12...show more content...
This book will help you to understand the process of setting up a small business, running it successfully and seeing it grow. And let us remind you that
this career opportunity is not only for boys but also for girls – all those girls who think smart, are ready to act and script the story of their own life –

like Shehnaz Hussain or
Ritu Kumar or Kiran Majumdar Shaw.
1.1 OBJECTIVES After going through this lesson you should be able to:
Inculcate the Desire to take up Entrepreneurship as a Career
Differentiate between Wage employment, Self–employment and
Entrepreneurship
Define and know the Meaning of the terms Entrepreneur,
Entrepreneurship and Enterprise
Learn about the Functions performed by an Entrepreneur
Understand the Role of Entrepreneurship in Economic Development
Differentiate the roles of an Entrepreneur and a Manager 1.2 ENTREPRENEURSHIP AS A CAREER
OPTION
After finishing your graduation you will be at the crossroads of life. You will face the dilemma of choosing what you have to do in life. The vast
majority of human beings direct their activities towards earning a living, generating wealth and improving their standard of living. You can choose
your career from two broad categories of options – Wage Employment or Entrepreneurship. The term 'career' signifies a continuous, ever evolving, ever
expanding opportunity for personal as well as business growth

The Benefits Of Entrepreneurship
Many people know from a very young age that the workplace setting is not a good fit for them. These people create and operate their own business
and they are then known as entrepreneurs and not employees. Just about anyone can become an entrepreneur. Any individual with as little as $100 can
be a business owner. No matter your background anyone can become an entrepreneur. One entrepreneur who we are all familiar with goes by the
name of Oprah Winfrey. Oprah Winfrey had a rough upbringing and was even fired and is to this day the richest African American of the 21st
century. She has a net worth of over $3 billion, she is without a doubt an entrepreneur success story. A few other entrepreneurs that we are all familiar
with are Walt Disney, J.K Rowling, Steve Jobs and Bill Gates just to name a few.
With the freedom that entrepreneurship provides, it makes no sense to work for someone. Research suggest that being an entrepreneur is preferred over
the average nine–five job because it's more flexible, allows more freedom, Fast retirement, and No Boss.
Entrepreneurship comes with many benefits. One of those benefits is the flexibility that it allows an individual to have. Time is very precious and
something we can't get back. So, why allow someone to tell you what to do with 40 hours out of your week? In a traditional work setting you are
told when you can eat and when to get back to work. That may be flexible for the employer but not so much for the employee. Entrepreneurs start
and stop working when it is convenient for them and not an employer. They are not always on the same repetitive time schedule every day. Every
day is new in the life of an entrepreneur. You wake up when you want and sleep in if you like. Being an employee, you don't have the option to wake
up when you want. You are on the companies schedule to fit their needs. If an employee tried to work based on an entrepreneur schedule they would
end up jobless. Flexibility is a plus to an entrepreneur because not everyone is a morning person.
Some people think better when they do things on their own time. Flexibility is very important to an individual who has or would like to start a family.
Families require a lot of attention. Without

Entrepreneurship Is A Way Of Thinking Essay
"Entrepreneurship is a way of thinking, reasoning and acting that is opportunity obsessed, holistic in approach and leadership balanced.
Entrepreneurship results in the creation, enhancement, realisation and renewal of value, not just for owners, but for all participants and stakeholders,"
(Timmons and Spinelli as cited in Tweed, 2011, p.68). In this essay this will be the definition that will be used throughout. For decades' academics and
scholars have debated whether entrepreneurship can be taught to those willing to learn, or if those individuals are just fortunate to have the innate traits
to become a successful entrepreneur. Because of this, many theories and definitions have appeared based on the actions, attributes and skills that past
entrepreneurs possessed and present entrepreneurs currently hold. This essay hopes to argue that an individual cannot simply be taught
entrepreneurship. This will be done by covering why entrepreneurship cannot be taught, how some aspects do help, and why you cannot develop an
entrepreneurship mind–set.
This first paragraph looks at why entrepreneurship cannot be taught. When looking at those educational institutions that offer entrepreneurship courses
around the globe, not all courses are identical, but many have developed ones that largely focus on developing entrepreneurship skills and the
understanding that comes along with it. However according to Hirsch and Peters (as cited by Henry, Hill, Leitch, 2005a), they have compiled a list

Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses
Introduction
Entrepreneurship is difficult to define throughout its history research. Even nowadays, this concept is still a debatable point (Rajendra, et al., 2017).
Based on four decades of research, Gartner (1988) concludes that entrepreneurs are founders of new firms. Shane and Venkataraman (2000) consider
entrepreneurship as "a new venture's risk–taking endeavor seeking an opportunity" and Fortunato (2014) adds innovative value into the concept of
entrepreneurship. Thus, research on the definition of entrepreneurship continue. According to those diverse views, I will interpret six unique
entrepreneurial characteristics and theoretically analyze each one. Risk taker, need for achievement and proactivity as my strengthens will be
illustrated with my experience. Innovativeness, internal locus of control and tolerance for ambiguity are my weaknesses, thus I will describe relevant
successful Entrepreneurs' experiences.
Strengths
Risk Taking Propensity
Based on Knight's economics view (1921), risk–taking is crucial to entrepreneurism. This view is supported by many classical theorists like Cantillon
and Richard (1755) who explore that entrepreneurs bear risks or uncertainty to keep supply–demand balance. Phan (2008) also support this positive
relationship and assert that entrepreneurs are risk–takers, not gamblers. However, Bula (2012) argues that

Essay on Entrepreneurship and Success
I believe that being Entrepreneur is an American dream; who would not want to choose their own hours and have a successful business that they could
leave behind as a legacy? I also believe that they are very few people that have the skills and qualities to be successful at achieving entrepreneurship;
this is partly due to many Entrepreneurs lacking the skills to build around their vision. I thinks that's why some people believe that entrepreneurs are
born and not made, for it is indicated in our assigned reading Entrepreneurship 8th Edition, that the working definition of acquiring and maintain
Entrepreneurship is described as ""Entrepreneurship being in the process of creating something new with value by devoting the...show more content...
None of my successes would have been possible without my family." (News week 2008, Vol. 152) Lisa price like myself is an African American
female who want to find success in providing products and services to her community and her culture. Lisa also constantly mentions that her mother is
her role model which is why she named her products line "Carols Daughter's. "Lisa Price began her business by hand–mixing personal care products
for women of color in her Brooklyn, N.Y., kitchen in 1994. Along with marketing guru Steve Stoute, Price annual sales was said to exceed $30
million. Two years after signing an investment deal with a group of Hollywood's brightest stars – including Will Smith, Jada Pickett Smith and Shawn
"Jay–Z" Carter – the brand now has freestanding locations from coast to coast, a booming business at Sephora and has entered Macy's. Now the
brand has upped the ante considerably by tackling the highly competitive and financially problematic world of color cosmetics. (Naughton, 2007 Vol.
194, pg. 5) Just by reading Lisa Price BIO, I believe that Lisa Price possess several special characteristics that makes her a successful entrepreneur ,
such as:
1.She recognized early on that she needed to work hard and long hours.
2.She proceeded to use resources and connections

Entrepreneurship Essay
Entrepreneurship There have been numerous attempts to define the traits or characteristics possessed by entrepreneurs. However, there is low
correlation between trait measures and performance (Chell, 1985). Explain why this may be the case. Peter Drucker (1985) states in his article, "A
Prescription for Entrepreneurial Management", "Leadership does not necessarily mean bigger; it means being accepted as the leader, recognized as the
standard setter. Above all, it means having the freedom to lead rather than being obliged to follow" . In looking at these definitions it can be seen that
there are many different types of leadership. Several examples might be transformational, charismatic, and entrepreneurial leadership. Entrepreneurial
...show more content...
Entrepreneurial Leadership within Management Success for entrepreneurs requires innovation. There are several ways to achieve this according to
Drucker. Entrepreneurial management first requires that the organization be made receptive to innovation and willing to perceive change as an
opportunity rather than a threat. It must be organized to do the hard work of the entrepreneur and create the entrepreneurial climate. It secondly
requires systematic measurement—or at least systematic appraisal—of a company's performance as entrepreneur and innovator, and
built–in learning to improve performance. Thirdly, entrepreneurial management requires specific practices with respect to organization structure,
staffing, management compensation, incentives, and rewards. Not only is innovation a key factor in the success of entrepreneurial management but,
an important issue that needs to be brought to management's attention; individualism and collectivism within the corporation. Morris et al., state the
following, " Managers and theorists interested in entrepreneurship must begin to come to terms with the roles of the individuals and the group,
respectively, within an organizational context. These roles are an integral component of the internal environment of the firm". Drucker (1985)
authoring another

Literature Review On Entrepreneurship
Literature review– for course: ICT Entrepreneurship Zhou Ziye(e1101668)
1.An Overview of Entrepreneurship
It is observed that the phrase "Entrepreneurship" has been used in disparate meanings by scholars around the world. In academic definition,
entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control(Stevenson & Jarillo). In
venture capitalist, entrepreneurship is the art of turning an idea into a business(Fred Wilson). In a simple word, entrepreneurship is the process of
designing a new business and start new businesses is the most obvious example of entrepreneurship. Most researchers would agree with a definition of
entrepreneurship as an activity that involves the...show more content...
Thus there is a need to do this literature review.
2.Entrepreneurship history
a)Middle ages
At that time, "entrepreneur" was used to portray a person who managed considerable production projects using resources provided by ministry of the
country and did not need to bear a risk. Cleric was a typical entrepreneur in that time.
b)17th Century
During 17th century, risk of entrepreneurship came into people's mind. At that time, a person who had a constitutional agreement with government to
supply desinated product or operate a service was regarded as an entrepreneur. Entrepreneur need to undertake all the profits or losses since the bargin
price was established. A frenchman named John Law was a famous entrepreneur that time. He was granted to inaugurate a royal bank. However, the
bank developed into a commerce firm ultimately, that was the Mississippi Company. Another guy named Richard Cantillion got the motive of
legislation and evelved the early theories of entrepreneur which regard entrpreneurs as risk takers, running with risk by buying at a fixed price and
betraying at an uncertain

Why I Am A Entrepreneur Essay
At the beginning of the course I had only had basic entrepreneur knowledge, I understood the traits, and the amount of thought put into a business. I
understood a entrepreneur needed to be able to set goals and had to establish connections and business partners. I was actually lucky enough to have
taken a entrepreneur class in highschool. Which taught me lots on how an entrepreneur business is started. It also taught me the required determination
and hard work it takes to be a entrepreneur.
What I didn't learn from my highschool class is how to properly set goals. I didn't know that there was a process and I didn't realize how helpful it
is writing down goals and physically seeing them. I was able to learn S.M.A.R.T goals which helps you structure your goals to a achievable standard. I
also learned the different types of goals like long term, short term, and immediate. I learn how important goal setting can be and how it helps you better
achieve them.
I also got to learn about the skills and characteristics of a entrepreneur. You need lots of traits to be a entrepreneur. You need to be able to be flexible
and self–reliant, be able to structure yourself is very important. You must be confident and be able to take risks, being an entrepreneur means knowing
when to take action and when not too. You have to have traits like patience and creativity, a entrepreneur must be able to be resourceful and must be
able to see problems when they occur. You have to be able to work

Importance Of Entrepreneurship
Entrepreneurship can be viewed from many aspects. When speaking of entrepreneurship one might think of Steve Jobs who started a garage business
and turned it into a multi–billion dollar company or one might think of the man opening up a small shop in the neighbourhood. According to Bruce
Bachenheimer, an executive director of the Entrepreneurship Lab at Pace University, entrepreneurship goes beyond creating a new business venture.
"It is a mind–set – a way of thinking and acting. It is about imagining new ways to solve problems and create value." Entrepreneurship is defined as
the skill of developing and managing a business venture profitably.
The Importance of Entrepreneurship in the Development and Economic Growth
Entrepreneurship is a key stimulus of the economy. It is predominantly responsible for much of the country's wealth and improving the quality of life in
a country. In Eastern Europe it was discovered that small enterprise development served as one of the most vital factors when it came to the transitional
process which has seen economic growth in the area. Entrepreneurship strives in free market economies, According to Niewunhuizen C and Oosthuizen
TF J in Business management a contemporary compilation, econometric evidence proves that there is a positive link between entrepreneurship and
economic growth. Schumpeter (1934) visualised the entrepreneur as the key figure in economic...show more content...
Bill Gates started as one individual a company that today employs more than 100 000 people worldwide. Entrepreneurs, whilst aiming to achieve more
profits by growing their businesses, end up contributing to society by creating more jobs. Entrepreneurs form a vital part in terms of community
development and job security. A higher employment rate means that the country will benefit in terms of higher tax

Impact Of Entrepreneurship
INTRODUCTION: Global development is inflowing a phase where Entrepreneurship will gradually play an important role in the economic
development. Entrepreneurship has been gaining power from the past decades. In the present scenario, Entrepreneurship was influenced by many
factors like social, cultural, economic, political and etc (BrajaballavKar, Dr.RamakantaMishra, & Dr.JitendraMohanty, 2014). Among all other factors
the impact of socio cultural factors in the economy was large. Mostly in the developing countries like India the socio cultural factors play an important
in influencing entrepreneurship. Most of the studies have concentrated on the economic, social dimensions of the entrepreneurship none of the study
reveals the socio cultural...show more content...
Sociologists say that socio cultural status of entrepreneurs, family, caste and religion play an important role in the socio cultural entrepreneurship. They
conclude that socio cultural diversity, social acceptance, socio cultural support for entrepreneurs, socialization, socio cultural environment, family
relations and support, social attitude play an important role in the socio cultural entrepreneurship (DharmendraKumar, 2014). Rahma (2014) in his
article "socio cultural factors influencing entrepreneurship activities: A study on Bangladesh" say that religion, family, education, socio cultural
features, poverty, gender role values, peer group influence to be an entrepreneurs, political instability play an important role in the socio cultural
entrepreneurship. They concluded that this socio cultural factors influence on entrepreneurship will be positive or negative based on the society
(RahmaAkhter & FrahanaRahmanSumi, Socio–Cultural factors infleuncing entreprneurial activities: A study on Bangladesh,

Essay On Entrepreneurship Education
Entrepreneurship education has been lauded as being able to create and increase awareness as well as promote self–employment as a career choice
among young people (Clayton 1989; Fleming 1996). The objectives of entrepreneurship education are aimed in changing student's state of behaviours
and even intention that makes them to understand entrepreneurship, to become entrepreneurial and to become an entrepreneur that finally resulted in
the formation of new businesses as well as new job opportunities (Fayolle and Gailly 2005; Hannon 2005; Venkatachalam and Waqif 2005). These day,
many graduates are unable to get a job upon graduation. Students are now apparently searching for a business education that can help them with the
necessary entrepreneurial...show more content...
There are various entrepreneurial education scope and structure among higher education in Malaysia. Entrepreneurship education in university of
Northern Region in Malaysia seeks to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of
settings in the future job searching. Variations of entrepreneurship education are offered at all levels of schooling from primary or secondary schools
through graduate university programs. This research aiming, entrepreneurship education is treated as it has been broadly used and applied by most
Northern Region of Malaysia universities. The establishment of the Ministry of Entrepreneur Development in year of 1995, clearly indicates the
growing importance of the government role on the issue of entrepreneur development (Ariff & Abu bakar, 2005). Entrepreneur education is a factors
that affect the activities of entrepreneurship among university student in northern region of Malaysia. Thus, Entrepreneurship education has been used
as one of the most effective ways to promote the transition of graduates into the world of

The Concept Of An Entrepreneurship

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