ENTREPRENEURSHIP: THE NEED TO BE ENTERPRISING. BY DIMKA ZUMGAK YAKUBU GIRLS’ HIGH SCHOOL‚ GINDIRI. A PAPER PRESENTED AT THE SEND-OFF OF NCE III STUDENTS‚ ECONOMICS DEPARTMENT‚ COLLEGE OF EDUCATION‚ GINDIRI. ON 8TH AUGUST‚ 2012. INTRODUCTION. The fact that consumers of goods and services‚ business magnets‚ students‚ teachers‚ opinion leadership‚ government officials‚ and a host of others are interested in entrepreneurship is an indication of the vitality of this subject matter. It has
Premium Joseph Schumpeter Entrepreneur Entrepreneurship
MEANING OF THE WORD ENTREPRENEURSHIP & ENTREPRENEUR The word Entrepreneurship is derived from the French verb “ENTERPRENDRE” and it literally means “between taker “or “go between”. According to Oxford Dictionary‚ Entrepreneur can be defined as “one who undertakes an enterprise‚ especially a contractor – acting as intermediary between capital and labour” EVOLUTION OF THE CONCEPT OF ENTREPRENEURSHIP Earliest Period An early example of the earliest definition of an entrepreneur as a go between is Marco
Premium Entrepreneurship Joseph Schumpeter Economics
Rose Spiegel Rationale 5.7.13 Everyone describes social entrepreneurship differently. While many have been able to describe the traits and features of a social entrepreneur there doesn’t seem at all to be a consensus about the definition of what constitutes the field of social entrepreneurship. Susan Davis and David Bornstein in their book‚ Social Entrepreneurship: What Everyone Needs to Know define social entrepreneurship as “a process by which citizens build or transform institutions to advance
Premium Social responsibility Social enterprise Sociology
ENTREPRENEURSHIP THEORIES AND BEHAVIOUR Several theories have been developed to explain entrepreneurial behavior and motivating factors. 1). Psychological theories – As those developed by McClelland pay attention to personal traits‚ motives and incentives of an individual and conclude that entrepreneurs have a strong need for achievement. According to this theory‚ entrepreneurship get a boost when there are sufficient supply of individuals with certain psychological characteristics such as need
Premium Entrepreneurship Joseph Schumpeter Entrepreneur
Corporate Entrepreneurship 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 aformal 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
Premium Entrepreneurship Economics Entrepreneur
ENTREPRENEURSHIP AS A CAREER Entrepreneurs organize‚ manage‚ and assume responsibility for new enterprises. Their goal is to earn a profit by providing products and services everyone needs. If entrepreneurs are successful in carrying out this task‚ they can build rewarding careers for themselves. Many opportunities exist to start new enterprises. But before you decide to become an entrepreneur‚ you should find out what is involved. This module examines entrepreneurship as a career. You will see
Premium Franchising Entrepreneurship
EXAMPLE ASSIGNMENT WITH ADDED COMMENTS Title: Entrepreneurship and corporations Assignment topic The characteristics of a typical entrepreneur are irreconcilable with a corporate career. Large organisations are by their nature bureaucratic and as such promote an environment in which the entrepreneur cannot survive. Prepare a discussion paper in essay style in which you survey the arguments for and against the above quotation‚ and then justify your own position. In your answer‚ provide very
Premium Entrepreneurship Entrepreneur Joseph Schumpeter
Innovation & Entrepreneurship This sort essay is what I captured after I read Innovation and entrepreneurship‚ author by Peter Druker. Innovation is essentially importance for business growth. Innovation can only be exploited by high entrepreneurship. The better business percept to market and learn from it changes the better opportunities of innovation. Basically Innovation starts from the identifying opportunities and how it integrated into company and managed properly. Below are
Premium Entrepreneurship
CHAPTER Entrepreneurship is the act of being an entrepreneur‚ which can be defined as "one who undertakes innovations‚ finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Startup Company); however‚ in recent years‚ the term has been extended to
Premium Venture capital
ENTREPRENEURSHIP: Definition and explanation Entrepreneurship is one of the four mainstream economic factors: land‚ labour‚ capital‚ and entrepreneurship. According to Timmons and Spinelli (2004) p3‚ “entrepreneurship plays an important role in the economic and social structure development of the nation and of course the whole world. It determines how the nation and the world live‚ work‚ learn‚ and lead in this century and beyond”. It is a purposeful activity that includes initiation‚ promotion
Premium Entrepreneurship Economics Entrepreneur