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Entrepreneurship and social economic development
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List of References:
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From an idealistic point of view, ecopreneurs aim to construct business ideas that both solve social and environmental challenges, and realize market success (cf. Schaltegger in: Gibbs 2006, 72). In other words, ecopreneurs are “those business innovators who have a green business orientation and take on a business model that reflects the embeddedness of environmental and social justice” (Affolderback and Krueger 2016, 2). Often, ecopreneurs start with an ideal about sustainability and create wider social and economic influence through entrepreneurship. Therefore, while humane forms of entrepreneurialism start from a capitalist ideology and add “green” marks, ecopreneurs start from a sustainability ideology and add entrepreneurial marks to generate wider impact. As a result, idealistic values about sustainability are often transformed into entrepreneurial values. This form of entrepreneurship can create new forms of
Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
Dollonger, M. J. (2002). A framework for Entreprenership. In M. J. Dollonger, Entrepreneurship strategies and Resources (pp. 5-6). New Jersey.
Corporate entrepreneurship (CE) is widely considered as a vital means to stimulate and sustain the overall competitiveness of an organization. Both practitioners and researchers have recognized the challenges of pursuing entrepreneurship within a corporation. CE is the result of the joint activities of an organization’s members, activities that pursue strategic objectives and constitute strategic roles. Thus, to face the challenges that CE poses for both theory and practice we need to advance our understanding of the activities and strategic roles involved in the CE process and their implications for performance. While strategic roles have been extensively studied, most studies analyze the strategic role of top managers and ignore the contribution of middle managers. Moreover, while there is a growing body of empirical evidence of a positive relationship between CE initiatives and performance, little research emphasizes the contribution of middle managers’ strategic roles to superior performance.
Social businesses are companies created to serve the main purpose of solving the social problems which is however financially self-sustainable. In many countries, social businesses have become an integral tool for both economic and social development. A myriad of instigating cases of social business that have a positive impact on addressing the societal ills have been documented in many literatures (Jiao, 2011). Entrepreneurship has been widely acknowledged for generating and increasing the growth and economic wealth to societies. Social entrepreneurship can be said to play identical roles in the creation of social wealth in times and situations where there are great needs for both the social and ecological solutions (Light, 2010).
Sustainable Development’s definition states that development should meet the need of the present without compromising the futures generations ability to meet their own needs, this idea of development was adopted within the 1987’s Brundtland Commission, when people became aware of the limitation of growth in the 1970’s, this report fixated on providing humans with their needs and interest while reallocating resources to other poorer countries to help them in growing economically, therefore sustainable development would focus on environmental safety, economical viability and social fairness (Du Pisani, 2006). It is understandable for people to want to have uniformed sustainable development policies and plans worldwide, but this idea is realistically
Also, this paper will be useful to the government when it comes to formulation and implementation of policies that are pro-entrepreneurship growth. It will also help the government in identifying policies and laws that limit entrepreneurship
The lecture seeks to expand the scope of entrepreneurship by giving both narrow and broad definitions of the paradigm, and further highlighting its importance in procuring development of a country. Through this lecture participants learn of real life instances of innovative entrepreneurs and their spirit.
The concept of sustainable development was introduced by Brundtland Report in 1987 (Williams, Wilmshurst, & Clift, 2011) while emphasizing our common future that recognize to protect the earth to save the humanity from manmade destructive activities(Krechovska & ProchazKova, 2014). With the aim of achieving so forth goal, sustainable development has given importance on the three fundamental components such as economic growth, environmental protection and social equity (Williams, Wilmshurst, & Clift, 2011). According to the world summit on sustainable development (WSSD, Johannesburg, 2002), sustainable development should be an optimal goal for the institutions at the national, regional and international stages and three important elements of socio-economic dimensions such as economic development, social development and
Sustainable development according to the Brundtland's report is, “To meet the needs of present without compromising the ability of future generations to meet their own needs”. According to The World Conservation Strategy report (1980), by the International Union for the Conservation of Nature and Natural Resources (IUCN), for development to be sustainable it must take into account the social and economic factors as well as the ecological ones.
Entrepreneurship is a key driver of our economy, wealth and the majority of jobs are created through entrepreneurship, and it also helps and educates people in terms of growth and realizing opportunities (Nolan, 2003). Entrepreneurship is also seen as one of the important contributing factor to local development (Nolan, 2003).
The role of entrepreneurship and an entrepreneurial culture has often been underestimated in economic and social development. Over the years, however, it has become increasingly reflected that entrepreneurship contributes to economic development of the country. Although, the majority of the enterprises were owned by men.
Sustainable development can be defined in many ways though the latest definition taken from the Bruntland report, defining sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It contains two key concepts; (1) the concept of needs, in particular the essential needs of the world’s poor, to which overriding priority should be given and (2) the idea of limitations imposed by the state of technology and social organisation on the environments ability to meet present and future needs.”
Yet because of the very nature of entrepreneurship, top down policies may well facilitate enterprise; but are less able to promote the individual skills, knowledge and attitudes that characterise successful enterprise (Dodd and Anderson, 2001). (176), Increasing the number of small businesses is important, more is better because having more businesses increases the number of all innovations. Yet innovation involves more than merely managing, it encompasses attitudes, values as well as practices (Pyysia¨inen et al., 2006). To be an innovator in a competitive environment requires not only a growth strategy (Anderson and Atkins, 2001) but skilled practitioners. I consider how universities can capitalise on there own unique capabilities of knowledge creation and knowledge dissemination to better enable these nascent entrepreneurs. Entrepreneurship’s current popularity as an economic solution is matched by the variety in how it is conceived. (177), At a national economic level, the sum of successful innovation represents a competitive advantage of that country. (178), So promoting more new business seems a good thing to do; more new firms are more likely to develop products or services that “fit” the rapidly changing environment. But as well as the shifting environment (Anderson et al., 2011b), the entrepreneurial evolutionary model also needs to take account the skills and abilities of the entrepreneurs to adapt (Irvine and Anderson, 2004). Harbi and Anderson (2010) show how different environment produce different types of entrepreneurial outcomes, but a key point is that entrepreneurs can challenge and even change institutions and environments (Anderson and Warren, 2011). Necessity