distribution of economic goods and services." According to Schumpeter‚ "Entrepreneurship is based on purposeful and systemic innovation. It included not only the independent businessman but also company directors and managers who actually carry out innovative functions". Need For Entrepreneurship Development: Economic development essentially means a process of upward change whereby the real per capita income of a country increases over a period of time. Entrepreneurship has an important role to play
Free Economics Entrepreneurship Economy
The path of small entrepreneurs is not rosy. Small entrepreneurs face the following types of problems: (1) Problem of raw materials: A major problem that the small entrepreneurs face is the procurement of raw materials. They have to confront with numerous problems like; i. Availability of inadequate quantity ii. Poor quality of materials iii. High cost of raw materials etc All these factors adversely affect the proper functioning of small units. (2) Problem of finance: Finance
Premium Entrepreneur Entrepreneurship Problem solving
Political Economy Volume 28 2002 Pages 109-126 The Role of FDI in Economic Development Kjetil Bjorvatn Hans Jarle Kind Hildegunn Kyvik Nordås This article can be dowloaded from: http://www.nopecjournal.org/NOPEC_2002_a08.pdf Other articles from the Nordic Journal of Political Economy can be found at: http://www.nopecjournal.org Kjetil Bjorvatn NHH‚ Hans Jarle Kind‚ SNF and Hildegunn Kyvik Nordås‚ SNF* The Role of FDI in Economic Development This paper deals with two questions: First‚ what
Free Economics Macroeconomics Investment
Role of entrepreneurship in economic development Entrepreneur An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They looks for opportunities‚ identifies them and seizes them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake
Premium Economics Entrepreneur Economy
N. Dlodlo M. Dhurup BARRIERS TO E-MARKETING ADOPTION AMONG SMALL AND MEDIUM ENTERPRISES (SMEs) IN THE VAAL TRIANGLE BARRIERS TO E-MARKETING ADOPTION AMONG SMALL AND MEDIUM ENTERPRISES (SMEs) IN THE VAAL TRIANGLE Ms. N. Dlodlo: Faculty of Management Sciences‚ Vaal University of Technology Prof. M. Dhurup: Faculty of Management Sciences‚ Vaal University of Technology Synopsis Purpose: The purpose of the study is to complement existing literature by examining the relevant barriers contributing
Premium Marketing Factor analysis
Bank: An organization‚ usually a corporation‚ chartered by a state or federal government‚ which does most or all of the following: receives demand deposits and time deposits‚ honors instruments drawn on them‚ and pays interest on them; discounts notes‚ makes loans‚ and invests in securities; collects checks‚drafts‚ and notes; certifies depositor’s checks; and issues drafts and cashier’s checks. Features of Bank: • Money Dealing • Acceptance of Deposit • Grant of loan and advances • Payment
Premium Bank Central bank
Effects of Globalization on Small Enterprises The business world has witnessed a transformation in past years. Technological innovations‚ cultural progress‚ and connectivity have all influenced the habits and customs of businesses all across the world. Globalization has been behind this change‚ fuelling the revolution and shaping the businesses and society of today. Globalization is defined as “the process of interaction and integration among the people‚ companies‚ and governments of different nations
Premium International trade Globalization Small business
Why do political demands for smaller states and bifurcation arise? There are‚ of course‚ emotional considerations like culture‚ language‚ religion and a sense of economic and regional deprivation. But more importantly‚ politicians envision additional posts of power as chief ministers or ministers‚ leaders of the opposition‚ Assembly speakers and so on. Similarly‚ government servants think of becoming chief secretaries or secretaries‚ DGs of police‚ chief-engineers‚ directors and so on. A common
Premium State Sovereign state
The Role of Entrepreneurship in Economic Development The entrepreneurs with their ability to scan‚ analyze and identify opportunities in the environment transform them into business proposition through creation of economic entities. Entrepreneurship and economic development are intimately related. So‚ that entrepreneurial process is a major factor in economic development and the entrepreneur is the key to economic growth. Whatever be the form of economic and political set-up of the country‚ entrepreneurship
Premium Entrepreneurship Economic development Entrepreneur
policies in order to solve problems‚ overcome weaknesses and maintain its strengths. Using new strategies in performances‚ Intershop will become more and more professional in running its business activities. These changes will make Intershop from small-sized to mid-sized business. After expanding product line‚ employees – especially the sale managers and account should prepare more for the growth of business. The changes in marketing and operation‚ Intershop could attract more customers. Moreover
Premium Management Change