ENTERPRENEURSHIP
1964: Peter Drucker: An entrepreneur searches for change, responds to it and exploits opportunities. Innovation is a specific tool of an entrepreneur hence an effective entrepreneur converts a source into a resource.The most significant influence on an individual's decision to become an entrepreneur is workplace peers and the social composition of the workplace.[citation needed] The ability of entrepreneurs to innovate relates to innate traits such as extroversion and a proclivity for risk-taking. According to Schumpeter (1934), the capabilities of innovating, introducing new technologies, increasing efficiency and productivity, or generating new products or services, are characteristics of entrepreneurs. Entrepreneurs are catalysts for economic change. Research has found entrepreneurs to be highly creative with a tendency to imagine new solutions by finding opportunities for profit or reward.[2]s a specific tool of an entrepreneur hence an effective entrepreneur converts a source into a resource.
There are so many benefits to enterprenureship, and they include self employment, further development of industry especially in rural areas, processing materials into local goods for domestic consumption and exportation, increased economic growth and income, development of new market and promotion of mordern technology in small scale manufacturing......so u see, u are all on the right flight. lets fly...................................
No comments:
Post a Comment