The Power of Entrepreneurship Case Study

In: Business and Management

Submitted By ashkasa19
Words 333
Pages 2
Three Major points of the study ?
1.Disregarding the size of the enterprise ,entrepreneurship is the essence of functioning of the new businesses which gives life to modern market economies .Although some enterprises are small scale and employ lesser workers there operations contribute great amounts to the nations GDP which determines the nations prosperity. Small enterprises not only create jobs but also contribute towards promoting innovation and R &D development .like in the US small scale enterprises involve 39% of the high tech workers than any other enterprise which is why small scale enterprises should not be underestimated.

2. Framework of entrepreneur includes many features like government, R&D transfer Infrastructure, and in the modern days Venture Capitalism is one of the significant factors. Entrepreneurs are people with innovative ideas and ability to convince others to invest in their ideas. This is where venture capitalists come in to invest in the ideas of these entrepreneurs and create organizations which sole entrepreneurs would have problems to finance.

3.Churning termed by Schumpeter –the creation of new enterprises by destruction of obsolete ones is a continuous and ever sustaining procedure .Change is coexistent in society and only societies that adapt to change are dynamics ones maintaining their vital existence. Dying out of obsolete inefficient enterprises allows new innovation to replace such enterprises leading to a better economic performance.

2) What skills do you need to develop to take advantage of hydropower opportunities?
Hydropower Resource energy development will definitely a very modern industry .Hence t will need good research and development in the sector .Research could be regarding how and where to practically use hydropower in both developing and developed nations. Also, I is an industry that will require huge…...

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