Current Entrepreneurship Research Paper Example | Topics and Well Written Essays - 2500 words

Current Entrepreneurship - Research Paper Example Academic programs have been instituted, which equips scholars just with the management knowledge, who eventually assume daily operations in business corporations. An entrepreneur is an initiator, while entrepreneurship accommodates any private or public organization, or individual, with the potential to respond to ever changing demands, utilizes new technologies and produces additional value from the assets at disposal, also entailing the need to motivate the continual phenomena of natural entrepreneurship. Entrepreneurs seek to utilize their ideas by introducing new means of meeting demands, or changing existing means of commodity delivery in order to add value. Primarily, an entrepreneur carries out varying activities including adopting innovative means of addressing socially related problems; seeking to challenge traditional manner of working; incorporating ideas, people, and resources so as to integrate change; spotting business opportunities and optimizing on resources which are under utilised and taking uncertainties and risks; as well as responding to an issue with clarity over the outcome right in mind. Entrepreneurship involves people who have new ideas, consistently accompanied by a purposeful search of resources and assets. Entrepreneurs engage in discovery as well as they exploit opportunities with an aim of creating value through meeting the needs which were previously unmet; they also strive for better ways of delivering current commodities (products and services). In order for entrepreneurship to be successful, effort tem is thus required. This may start with a leader who is a dynamic individual, and wants to institute change in the current business processes. In entrepreneurship, skills and... This research aims to evaluate and present entrepreneurship that involves people who have new ideas, consistently accompanied by a purposeful search of resources and assets. Entrepreneurs engage in discovery as well as they exploit opportunities with an aim of creating value through meeting the needs which were previously unmet; they also strive for better ways of delivering current commodities (products and services). In order for entrepreneurship to be successful, effort tem is thus required. This may start with a leader who is a dynamic individual, and wants to institute change in the current business processes. The scope of entrepreneurship therefore covers the goals set - which run the organization, as well as the entrepreneurial approach of achieving such goals. In economic development, the role of entrepreneurship entails more than just accumulating per capital income and output; it entails initiation and constitution of change in the business structure, the economy as well as society. The referred change is followed by growth of premise and increased income, which permits more wealth to be shared amongst various participants. Entrepreneurship has been acknowledged as a major tool to help bridge the gap between science and the business market although entrepreneurs faced challenges of lack of managerial skills necessary for running their businesses. Although entrepreneurs face a lot of difficulties, entrepreneurship holds the most effective means of commercializing innovations, forming new enterprises, as well as introducing new commodities to the market.