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Essays about entrepreneurship
Essays about entrepreneurship
Essays about entrepreneurship
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Literature surrounding the topic of entrepreneurship, innovation and cosmopolitanism, indeed has been widely discussed, often have the subtopics been referred as a separate entity to a common subtopic. Whilst this ignores the opportunity for each of the subheadings to be associated, the body of literature clearly supports the existence of entrepreneurship, innovation and cosmopolitanism yet rarely does literature address the association between innovation and entrepreneurship in a cosmopolitan society under a common typology. Rather, entrepreneurship, innovation and cosmopolitanism are treated as separate entities to the same subtopic. This paradigm of correlating the indifferences depends on what or how the terms are associated. In order to narrow the widely apprehendable literature on the common terms, the central theme is one whereby all the headings are grouped and reviewed in terms of the associating factors between innovation and entrepreneurship in a cosmopolitan society. A systematic interpretation of the literature is essential to interpret the board and widely discussed literature at hand.. It is well understood that entrepreneurship and innovation amongst societies is are not new phenomenon’s, however in the contemporary cosmopolitan emergence of the modern world, how all three terms can be perceived requires a closer examination of how the terms can be interpreted and accompanied. Finally, all three terms can be measured in both micro and macro dynamics depending on how the literature is examined, in attempt to keep the topic balanced this paper reviews both the macro (society) and micro (businesses) innovation and entrepreneurship in cosmopolitanism.
First and foremost, it is worth mentioning that in the academic so...
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...literature unbiased of a one sided view, this paper incorporates both opinions whist observing the academics from both camps. This is achieved through allowing the scope of the literature through the basis of micro and macro aspects, or stated differently, examples through society and businesses.
In many ways cosmopolitanism thrives upon the believe of shared values, acceptance, recognition and ethos grounded in the foundation of a cosmopolite society, such characteristics spawn new and innovative ideas which entrepreneurs dwells with anticipation, at least such is the mantra for many academics. Yet as this paper has also dawned upon the literature which amplifies that not all is optimistic, many authors warn against the rapid collection of cosmopolitanism, many external factors interplay with the affairs of innovation and inevitably entrepreneurship.
There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them.
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
Scientific and technological progress is one of the most important and far reaching of humanity’s effort streams throughout history. One of the hallmarks of any great society is what new or improved knowledge of the world and how it works that the society can contribute. A strong and vibrant culture celebrates the spirit of invention and innovation. Closely allied with this concept is the spirit of entrepreneurship, considered one of the greatest qualities of the American culture.
There are many social returns that can be gained from the Sougha program. Alleviation of unemployment, women empowerment and the all-important role of preserving indigenous Emirati heritage are just examples of the social impact of Sougha. The program is cognizant of the fact that a large population of Emiratis possesses enormous potential for entrepreneurship but is largely unable to achieve employment. Because of the Sougha program, such individuals are able to access assistance, both material and otherwise, which enables them to consequently enhance their entrepreneurial skills and in effect, seize market opportunities (Sougha.com, 2012). As a result, the social reflection of poverty impressed by unemployment is to a great extent moderated. The program is very clear that it not only supports craftsmen, but also craftswomen too. This is a clear message that as part of growing entrepreneurships, the Sougha program realizes the social responsibility it is charged with in realizing gender parity. As such, appreciating that women too have intrinsic talents that could be seen as potential entrepreneurships models goes a long way in effecting the need for reawakening the general social perspective with regard to the role of women. Sougha.com (2012), affords that the program seeks to preserve the indigenous Emirati heritage through fostering economic sustenance among craftsmen and women as well. The interrelationship between culture and economy presents a unique opportunity for remote artisans to effectively tell of the cultural progression of Emiratis and still make some money while at it. Through empowering the economic viability of art, many artisans previously from opportunity deprived regions have, as stated by Sougha.com (2012), ...
Recently, it has become phenomenal as many firms operate globally from their inception. Companies, that are born to be global, basically rely on the technological advancements and innovativeness, which have been included in the Pang’s entrepreneurial strategies. Additionally, such firms usually have unique characteristics that make them recognizable and different. Moreover, firms that are born to be global usually focus on producing high quality products or services with inimitable features through the utilization of the technological innovations.
According to Deakins and Freel (1998), the literature on entrepreneurship process has attempted to dichotomies into two approaches, which is from the nature of entrepreneurs and their role in econo...
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).
Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization, revitalizes and renews an organization ,or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests a formal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments,whereas sathe(1985) defines corporate entrepreneurship as a process of organizational renewal. Corporate Entrepreneurship has emerged as a much needed ingredient contributing towards the growth of any organization under a changing business environment.
Within every major economy, a great factor in providing the energy of the core of the nations economy is the small and medium enterprises. These cluster of firms are what provide new economic activity, new innovative products and services, along with growing employment and in general a crucial system in ensuring the economy is at a stable growth level. With a majority of this activity stemming from family controlled or managed businesses, the focus on developing a global and long term perspective for these firms are ever growing in importance because of the global perspective entrepreneurship has started to take.
Introduction Entrepreneurship is a prominent and well-studied phenomenon today as well as entrepreneurship among ethnic minorities and immigrants is an increasingly crucial topic. This paper based on immigrant entrepreneurship and how they occur in the globalized world. Immigrant entrepreneurship has been in the spotlight as an emerging field during the last decade. From a worldwide perspective many people are on the move; international migration has become a key feature of a modern open community. According to a widely used definition, migrants are persons who have been outside their homeland or citizenship for a period of 12 months or longer (Sasse and Thielemann 2005).
"Entrepreneurs who start and build new businesses are more celebrated than studied. They embody, in the popular imagination and in the eyes of some scholars, the virtues of "boldness, ingenuity, leadership, persistence and determination." Policymakers see them as a crucial source of employment and productivity growth. Yet our systematic knowledge of how entrepreneurs start and grow their businesses is limited. The activity does not occupy a prominent place in the study of business and economics.
Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. Rather than leaving societal needs to the government or business sectors, social entrepreneurs find what is not working and solve the problem by changing the system, spreading the solution, and persuading entire societies to move in different directions. ust as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss to improve systems, invent new approaches, and create solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur develops innovative solutions to social problems and then implements them on a large scale.
Risk-taking is one of the chief dimensions of entrepreneurship. Entrepreneurs are found to be more risk takers than the managers and salaried employees, such that, they are willing to put their homes on mortgage, jobless and can work for years without any earning (Burns, 2011; Masters & Meier, 1988). According to (Moore & Gergen, 1985), entrepreneurs always take calculate risk and always analyse the situation. Cognitive Psychology supports that the risk taking ability is just limited to their area of expertise (Sjöberg, 1978, Heath & Tversky, 1991). According to (Heath & Tversky, 1991), entrepreneurs take more risk in the area of their interest and expertise and not in those area, they have little knowledge about. But even then also, they take more risk than general population.
Developing a culture of entrepreneurship within an organization can be a very important factor with the potential growth in an organization. There are many factors that can be accomplished by having a state of the art internal entrepreneur system established. One is obviously the development of new ideas. The new ideas that come along can be a turning point for the whole organization. If there is one good idea it could set the company apart from the competition drastically. As long as you constantly have new ideas coming in, and capitalize on the good ones; the company can stay on top for a very long time. This also brings about another good point of ideas within the company. The more ideas that a company has coming in among employees creates competition among those employees and in return spark better ideas in the long run. This new idea of internal entrepreneurship has coined the term intrapreneur. An intrapreneur is defined as "a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation" (Nan Hawthorne, Intrapreneur, http://www.esightcareers.net/View.cfm?x=934).
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.