 Understanding the Importance of Entrepreneurialism

Introduction:
In this assignment I am briefly described about the below mentioned topics:
Understanding the importance of entrepreneurialism, How to audit the demographic and Epidemiological social environment.
Understand the impact of the cultural and political environment finally understand the factors critical to effective change management.

 Understanding the importance of Entrepreneurialism

The role of entrepreneurialism and an entrepreneurial culture in economic and social development has often been under estimated. Over the years, however, it has become increasingly apparent that entrepreneurship does indeed contribute to economic development. Transforming ideas into economic opportunities is the crux of entrepreneurship. History shows that economic progress has been significantly advanced by pragmatic people who are entrepreneurial and innovative, able to exploit opportunities and willing to take risks. The learner must give a clear analysis of the concept of entrepreneurialism and show models based on open systems approach that can provide insight in to planning environment. Consider resources needed to plan and manage proactively and evaluate the effectiveness on your own approach to managing and start planning process to enhance your capability as an effective manager of planned change. Entrepreneurs produce solutions that fly in the face of established knowledge, and they always challenge the status quo. They are risk-takers who pursue opportunities that others may fail to recognize or may even view as problems or threats. Whatever the definition of entrepreneurship, it is closely associated with change, creativity, knowledge, innovation and flexibility-factors that are increasingly important sources of competitiveness in an increasingly globalized world economy. Thus, fostering entrepreneurship means promoting the competitiveness of businesses. Entrepreneurship and