An entrepreneur is someone who is willing to take a financial or professional risk in order to develop a new and needed business or product. This person creatively dives into a new venture, even if they are unsure of the outcome.
An entrepreneur is a self-employed individual that starts up a business with his or her own capital. An entrepreneur is regularly observed as a business pioneer and trendsetter of new thoughts and business processes. In crisis, entrepreneurs have nothing to rely on other than what they process. Entrepreneurs set their own standards for embarking on an idea. They build every aspect of the business and its support systems.
What is entrepreneurship? While several may define the actual word as “the willingness to take risks and develop, organize and manage a business venture in a competitive global marketplace that is constantly evolving.”, an entrepreneur is often defined as someone that assumes the risk of starting their own business. However, there’s more to being an entrepreneur, or having entrepreneurial qualities, than just simply starting a business. Entrepreneurial actions and behaviors can occur is several different ways for already established and lucrative companies and organizations.
There is an ongoing problem in the United States, and that is the amount of small businesses that start and fail every year. This paper will show the research on the problems with small businesses and why so many fail each year, in order to help new and future small businesses understand how to succeed in the business world and to lower the rate of businesses that fail every year in the United States. Before diving into the reasons why businesses fail and the solutions to failure, one must first understand just what a small business is and the significance of the small business world. “The office of Advocacy defines a small business as an independent business having fewer than 500 employees” (Ryans 102). One thought may be on what the importance is of small businesses to the United States economy, to which there are many reasons.
Originally, the word ‘entrepreneur’ comes from the old French word ‘entreprendre’, meaning ‘to begin something, to undertake’. Though the terms ‘entrepreneur’ and ‘entrepreneurship’ sound alike and are sometimes used interchangeably, they actually mean different things. An entrepreneur can simply be described as a person that starts, operates and assumes risk of running an enterprise. Entrepreneurship, however, is the whole creation process of the enterprise, including originality, capabilities, skills and possible difficulties. An entrepreneur always precedes entrepreneurship.
1 Introduction About 400 year b.c.e. , Greek historian and philosopher Xenophon was first to use in his writings the word economy (oeconomicus) – which in translation means managing the household. Despite the name, economic ideas were and remained an integral part of the entire society. From antique to Greece today, the economy, as a social science, traded, developed and shaped under the influence of current of occurrences, changes and needs of the people.
With the introduction of new ideas, products, services or even methods of production using new technologies, the economy is able to benefit and perhaps grow. Entrepreneurship is able to contribute towards job creation, within the short or long run. With new ideas and opportunities, comes the need for human resources and thus new jobs are created. The need for labour therefore decreases the rate of unemployment within that specific country, thus having a positive effect on the economy. However, according to Carree, M.A. and Thurik, A.R. (2002) the relationship between unemployment and entrepreneurship is unclear.
Since the mid of the previous century, the phenomena of rising new discourses has not stopped. And all discourses are a recap of the previous ones but in a modernized way, which can delude societies in order to believe in the development flam. Peacebuilding is one of the discourses that has been risen to stop the bloody war and command indirectly under the slogan of peacebuilding. Many articles talked on this topic and tried hard to focus on the bright side of peacebuilding and exhibit real cases. From these listless articles, I will critically review two of them in a way to show how the concept and practices are on the ground.
Poverty in the simplest definition is the lack of household income or the state of one who lacks a certain amount of material possessions or money. Nowadays the poverty reduction became a major issue for the world many international organizations such as the United Nations and the World Bank. The World Bank estimated 1.29 billion people were living in absolute poverty in 2008. According to the World Bank definition, absolute poverty is a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, education and others. In our days there is the issue which is regarded to an international priority that says hunger and food insecurity are the most serious forms of absolute poverty
The impact of entrepreneurship in developing countries remains relatively under-researched phenomenon especially interms of economic development (Khanka, 1998). Acs (2006) as well as Blair & Caroll
Grievance as conflict drivers Theories of Grievance: The following section looks into the evidence of grievance and social inequality as the source of violent conflict. In contrast to the theory of greed proposed by Collier and Hoefller (2004), many argue that the theory of grievance allows for the better explanation of the occurrence of the violent conflict. Central to grievance is identity and group formation (Murshed and Tadjoeddin, 2009). Theories of grievance can be divided into (i) relative deprivation, (ii) polarization and (iii) horizontal inequality (Murshed and Tadjoeddin, 2009).
Individual work After finishing reading the articles, it has to say that it is difficult for me to understand the contents exactly because there are various theories that I never knew before. The four themes, which are entrepreneurship, entrepreneur, identifying business opportunities, entrepreneurial process, are closely related. Different scholars hold distinctive viewpoints of the four terms from the respective angle. I will give my opinion in each theme and then make a conclusion. Theme 1: entrepreneurship Davidsson, P researched the definition of entrepreneurship in two relatively distinct social realities.
Paper Titled Need of Developing an effective training model for nurturing Entrepreneurship Education in the Management schools Submitted for International Conference on Computers and Management (ICCM) 2015 Composed by – Ms.Kajal Kapoor Research Scholar Poornima University, Rajasthan E- Mail: kjlkapor@gmail.com Mobile: 09828115353 Need of Developing an effective training model for nurturing Entrepreneurship Education in the Management schools Abstract: The management of the university plays the significant role in setting up the direction and progress of the entrepreneurship program in their respective schools against the number of challenges it might face in managing resources to support its needs.
Entrepreneurship takes the economy and the society to the state of progress and prosperity. New businesses can create new jobs and therefore will increase the employment rate of the nation. This will also generate income to the entirety of the nation. People who pursue entrepreneurship can generate new ideas which will provide a diversity of offerings for the consumer (Ramos, 2014).
• New goods and services can meet unmet social needs • It creates social capital which is an important element for sustainable economic growth • It fosters a more equitable society Therefore, economic development policies should consider the following challenges that social entrepreneurship faces: • First, the access to finance is difficult. Banks often ask collaterals which cannot be provided by the small business. In Mauritius, the setting of the Small and Medium Enterprise scheme have helped a lot in the development of small firm. •
