Introduction Up to now the role of entrepreneurship and entrepreneurial culture in economic and social development has been diluted. Nevertheless, over the years it has become obvious that entrepreneurship has grown in importance and that it indeed contributes to economic well being. Converting ideas into successful economic opportunities is the main essence of entrepreneurship. If we cast an eye over the past, the economic momentum has been substantially advanced by pragmatic individuals who
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Challenges and Prospects of Entrepreneurship in Nigeria Abtsract The success of generating income for majority of rural and urban dwellers with no formal paid employment highly depends on Entrepreneurship. They are the backbone of economic development all over the world and play important role for employment, Income and societal changes, particularly in transition economies like Nigeria. This paper is concerned with the nature and the extent to which entrepreneurship in Nigeria has been developed
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ENTREPRENEURSHIP AND SMALL BUSINESS A CASE OF A DEVELOPING COUNTRY Abstract This study revolve around the socio-economic structure of entrepreneurship, factors affecting the growth and development of enterprises and problems faced by them. For the purpose of data collection a sample of fifty small scale units was taken and a common schedule of structure questionnaire containing questions of various aspect of entrepreneurship was administered personally to the owner/managing director of each
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Potential Problems of an Entrepreneur [ April 1, 2012 ] When we scope in on potential problems of entrepreneurship, we notice that the main seven problems that they deal with is Political instability which in most cases does not encourage an investor to invest in the economy even if he has invested, he might decide to fold up due to the prevailing hostile economic climate. Presence of inflation: Inflation is an economic condition characterized by a general and continuous rise in the
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Negotiating such challenges successfully and supporting and preparing the next generation is key to enabling them to unlock their full potential and allow smooth transition of the family Business from one generation to the next. Trans-generational entrepreneurship
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1. What is entrepreneurship? Whys is it important in modern society? Entrepreneurship is the process of starting a business, a startup company or other organization. The entrepreneur develops a business plan, acquires the human and other required resources, and is fully responsible for its success or failure. Entrepreneurship operates within an entrepreneurship ecosystem. Entrepreneurship is the development of a business from the ground up — coming up with an idea and turning it into a profitable
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Three Pillars Essay Grand Canyon University: UNV 504 Innovation and Entrepreneurship June 10, 2014 Three Pillars Essay In his video Ken Blanchard, discusses the three pillars of business; servant leadership, innovation and entrepreneurial spirit (Blanchard, 2011). Servant leadership is not being a servant to those that you work with, it is offering direction and vision with stated goals. It sets a platform for all employees to know where the company is headed, while focusing energy on the
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A Study among University Students in Business Start-Ups in Malaysia: Motivations and Obstacles to Become Entrepreneurs, International Journal of Business and Social Science, Vol 3 No. 19; October 2012. 2. OBJECTIVE OF THE STUDY The main objective of the study is to examine the undergraduate students' perceptions on entrepreneurship, on the motivators, obstacles and challenges as well as the government support behind starting up and sustaining a new venture. The study also attempts to examine
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1 Entrepreneurship, Innovation, and Economic Development: An Overview Adam Szirmai, Wim Naudé, and Micheline Goedhuys 1.1 Purpose of the book Economic development requires sustainable and shared increases in per capita income accompanied by changes in the structural composition of an economy towards higher value added goods and more efficient production methods. Entrepreneurs can contribute to economic development by facilitating the reallocation of resources from less to more productive uses
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Introduction This paper aim at analyzing the concept of entrepreneurial leadership .Before starting our analysis, two important concepts need to be addressed: Leadership and Entrepreneurship. Leadership is directing or inspiring people to attain organizational goals (Boone and Kurtz, 2011). An entrepreneur is a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business (Boone and Kurtz, 2011). In the past 15 years researchers have tried to merge
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