EMERGING TRENDS IN ENTREPRENEURSHIP TEJASHREE YEVALE - MBA TIMSR‚ MUMBAI Abstract: Purpose – The purpose of this paper is to examine key emerging trends in Entrepreneurs in India its reasons for growth and impact towards economy and society as a whole. Design /approach – The paper is primarily theoretical and observational. It is based on the review of major academic and managerial publications‚ it also include personal interview with few entrepreneurs. Findings – Entrepreneurship activity
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Social Entrepreneurship: The Case for Definition By Roger L. Martin & Sally Osberg Stanford Social Innovation Review Spring 2007 Copyright © 2007 by Leland Stanford Jr. University All Rights Reserved MUHAMMAD YUNUS Access to small loans has helped millions of people around the globe dramatically improve their lives and the economic health of their communities. The man behind this capitalist revolution is Muhammad Yunus‚ founder of Grameen Bank and father of microcredit. b y R
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Definition: The word “entrepreneur” is derived from a French word “entre” that was originally used to refer to leaders of military expeditions. Early entrepreneurs provided men and materials needed by feudal lords to wage wars. Entrepreneurship refers to a skill or ability to mobilise the factors of production‚ i.e. land‚ labour‚ capital and ability to use them to produce new good and services. The entrepreneurial function may be performed by a single individual or a sole proprietor‚ or by several
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nonetheless the existence of leaders in dominant position on the market such a bad situation ? I will try to show you that this can be positive‚ or at least not so negative‚ and debatable. *** Schumpeter First of all‚ as a theoretical introduction‚ I will mention the theories of Schumpeter.
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on how such minimal innovations can have a prodigious impact on incumbents. The idea that there are various kinds of innovation‚ with varying competitive effects‚ has been an imperative theme in the studies on technological innovation since Schumpeter (1942). As such‚ Henderson and Clerk categorize innovation with regards to their impact on established competencies of the firms. It is depicted along two dimensions – component knowledge and architectural knowledge. Their framework includes two
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The Worldly Philosophers: The Lives‚ Times and Ideas of the Great Economic Thinkers (1953) by American economist and philosopher Robert L. Heilbroner adumbrates the lives of major economists‚ including Adam Smith and Karl Marx. Heilbroner began the work as a student at The New School for Social Research in New York. Heilbroner’s first book‚ it has since sold more than four million copies and been translated into dozens of languages. By worldly‚ Heilbroner refers to economists who were most interested
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stated that the entrepreneur is an “agent who buys means of production at certain prices in order to combine them into new product” (Schumpeter‚ 1951‚pp.248-250). Another French economist‚ J.B. Say‚ later added to Cantillon’s definition by stating that an entrepreneur is someone who brings other people together in order to build a single productive organism (Schumpeter‚ 1951). Overtime‚ “writers have identified entrepreneurship with the function of uncertainty-bearing‚ others with the coordination
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Introduction. The business cycle or economic cycle refers to the ups and downs seen somewhat simultaneously in most parts of an economy. The cycle involves shifts over time between periods of relatively rapid growth of output (recovery and prosperity)‚ alternating with periods of relative stagnation or decline (contraction or recession). These fluctuations are often measured using the real gross domestic product. To call those alternances "cycles" is rather misleading‚ as they don’t tend to repeat
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Innovation: * There are two contrasting theoretical views: Schumpeter thinks more innovation is achieved by less competitive markets; Arrow thinks that more innovation is achieved by more competitive markets. Schumpeterian Theory: A distinctive特殊 view of innovation and its central role in the process of competition was developed by Schumpeter in the 1930s and 1940s and has since been developed into a substantive alternative school of thought. Schumpeterian theory suggests a simple monotonous
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it is important to define what is meant by each of the terms before identifying any links between them. Joseph Schumpeter defined entrepreneurship as “whatever the type‚ everyone is entrepreneur only when he actually carries out a new combination and loses that character as soon as he has built up his business‚ when he settles to running it as other people run their business.”(Schumpeter‚ 1934‚ p. 78) I agree with most of this definition as this basically means that a person is only an entrepreneur
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