Annotated Bibliography on Innovation Entrepreneurship plays an integral role in economic growth and is thus among the positive indicators of economic prosperity. With advancement in technology in the mid-20th century, it is arguable that various features of innovation are exerting force in any economic activity. In the modern world, entrepreneurship and innovation are engines of growth since they are foundations of any development achievement. Currently, statistics reveal that innovative entrepreneurship specifically in self-design is a crucial factor in promoting SMEs and growth of the economy. Annotated Bibliography Boncella, R., Stoica, M., & Price, D. (2013). The relationship between innovation, knowledge, and performance in family and …show more content…
The article is both useful and appropriate for scholars specializing in marketing and economics. The article accentuates that entrepreneurial skills and active innovation process are inherently about creating change. In addition to this, Brem stresses the end of innovation process concurrently marks the start of entrepreneurship. In business administration, self-design holds a key to corporate sustainability during a stage of rapid change and dynamism. It is disputable that self-design and entrepreneurship are complementary in the fact that innovativeness opens up for entrepreneurship, and the later enable flourishing of innovation permitting it to recognize an economic value. The limitation of the study, however, is focused on external factors that surround entrepreneurial-innovativeness and to an extent overlook internal business organization forces which play an important role fostering …show more content…
Szabo Zsuzsanna is currently a dean in Petru Major University of Targu Mures and expertise in strategic management and business administration. According to Herman and Zsuzsanna 2012, entrepreneurship is a micro driver of innovation and economic development. They postulate that every entrepreneurial activity is inevitably at the heart of innovation, the creation of employment, economic prosperity and competitiveness. In addition to this, entrepreneurship seems a key source of both innovativeness and dynamism in both developed and emerging