“They have employed existing means of production differently‚ more appropriately‚ more adventurously. They have “carried out new combinations”. They are entrepreneurs” – Joseph Schumpeter (Lumsdaine and Binks‚ 2007). Entrepreneurship is a procedure through which individuals identify opportunities (problems that need to be solved or unmet needs) in the market place‚ allocate resources‚ initiate change by being innovative and creative and create value through solutions. One of the Factors of Production
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Recent activities of secret fraternities in Edo and Anambra States of Nigeria have once again brought to focus the impact of the activities of the nefarious groups on the polity. Not too long ago‚ two prominent movie stars were brutally assassinated in Edo State in what was alleged as a frat-related offensive‚ which culminated in the death of about twenty individuals. Most recently inhabitants of Anambra state were terrorised by frat men‚ who held the state capital hostage in a brutal frat war between
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These are made from selected varieties of Mango. Fully matured Mangoes are harvested‚ quickly transported to our fruit processing plant‚ inspected and washed. Selected high quality fruits go to the controlled ripening chambers; Fully Ripened Mango fruits are then washed‚ blanched‚ pulped‚ deseeded‚ centrifuged‚ homogenized‚ concentrated when required‚ thermally processed and aseptically filled maintaining commercial sterility. Physical Characteristics : Product 0 Brix at 20ºC. [Refractometer]
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Entrepreneurship Development For a venture to be successful an individual should have some entrepreneurial competencies Knowledge Skill Motive Other Competencies Initiative. High quality of work Looking for opportunities. Persistence. Quality Conscious. Committed to work. Problem Solver. Self-confidence. Efficient monitor. Effective strategist. DEVELOPING COMPETENCIES To sharpen the competencies .Following steps are helpful. Competency Recognition Self- Assessment
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as cousins‚ uncles‚ nephews and nieces‚ grand-parents and family friends‚ which is why it is called a large family. Nuclear family on the other side is a relatively small family which consists majorly of the father‚ mother and children only. In Nigeria and mostly other African countries‚ the large family is usually more dominant. The advantages of a large/extended family are among others highlighted below: -It has a lot of members and there is more than one earning member in a large family. That
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Entrepreneurship and Economic Development A Commentary on Entrepreneurship and Economic Development (ed. Wim Naudé) Robert J. Strom Interest in the study of entrepreneurship has flourished among scholars in recent years. This research has brought to light‚ among other things‚ the important role of entrepreneurship and innovation in economic growth. We know that innovative entrepreneurs—those who bring new products and processes to the market—are disproportionately responsible for the breakthrough
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History of Entrepreneurship Worlwide The term entrepreneurship can be traced back to as early as the Middle Ages‚when the entrepreneur was simply someone who carried out tasks‚ such as buildings andconstruction projects by applying all the resources at his disposal. However‚ it was during the16 th century when business was used as a common term‚ and the entrepreneur came intofocus as a person who is responsible for undertaking a business venture. In the 18 th century‚early economists
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BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
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So the following down delineate what is the impact of technology on the university student lives and academic achievements. Firstly‚ technology used in schools is basically known as ICT (Information and Communication Technology) especially higher education sectors such as universities. Most universities use ICT as a basic component for lecturers and tutors to get information across to students and most importantly are how the students interact and get that information. Well‚ the students will
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Scope of Entrepreneurship development in India Introduction We are a very young nation – just over 55 years since independence – setting out on a path of sustained economic growth‚ for decades to come. We already have over a billion fellow Indians. Within the next 20 years‚ we will have 400 million people below the age of 35 years – more than the entire population of the United States! Each person‚ in this bold new generation‚ will be in the prime of his or her life‚ striving for a better tomorrow
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