Evolution of Entrepreneurship
PAPER ON ‘GENERAL ENTREPRENEURSHIP’
INTRODUCTION
ENTREPRENEURSHIP has become a leading force shaping economies all round the globe in the twenty first century. The entrepreneurial spirit is the most significant economic development in recent business history. The young population of various countries are technologically savvy; they tend to be questioning and challenging established paradigms; they think ‘out of the box’; and, are fiercely independent. One of the outcomes of the above is the increasing number of business start-ups among the younger men and women.
A number of economies grow subject to, and shaped by, fierce commitment of people to achieve success through new start-ups and innovative development of new products & services focused on meeting evolving customer needs and preferences. Entrepreneurs, who assume the risks linked to such ventures, drive such a movement. This kind of economic revolution has time and again raised people’s living standards in many parts of the world. Recognizing this tremendous potential of entrepreneurship to bolster economic growth, many governments focus efforts in promoting a culture of entrepreneurship in their states through education, legislations, campaigns and industrial policies.
Evolution and Rise of Entrepreneurship:
Entrepreneurship can be said to be as old as civilization. Prior to that, man is known to have only hunted for food, followed by a period during which he began breeding animals and growing crops to feed them and also feed himself and family. Then, advent of agriculture, and excess production of crops more than what he and his family required prompted him to take up barter exchange and trading which can be termed as the earliest form of entrepreneurship.
This was followed by the stage when humans learnt to produce basic things they needed with the help of their own hands – implements, handicrafts, etc. These were sold and bought reflecting definite cases of enterprise.
In the last 2
INTRODUCTION
ENTREPRENEURSHIP has become a leading force shaping economies all round the globe in the twenty first century. The entrepreneurial spirit is the most significant economic development in recent business history. The young population of various countries are technologically savvy; they tend to be questioning and challenging established paradigms; they think ‘out of the box’; and, are fiercely independent. One of the outcomes of the above is the increasing number of business start-ups among the younger men and women.
A number of economies grow subject to, and shaped by, fierce commitment of people to achieve success through new start-ups and innovative development of new products & services focused on meeting evolving customer needs and preferences. Entrepreneurs, who assume the risks linked to such ventures, drive such a movement. This kind of economic revolution has time and again raised people’s living standards in many parts of the world. Recognizing this tremendous potential of entrepreneurship to bolster economic growth, many governments focus efforts in promoting a culture of entrepreneurship in their states through education, legislations, campaigns and industrial policies.
Evolution and Rise of Entrepreneurship:
Entrepreneurship can be said to be as old as civilization. Prior to that, man is known to have only hunted for food, followed by a period during which he began breeding animals and growing crops to feed them and also feed himself and family. Then, advent of agriculture, and excess production of crops more than what he and his family required prompted him to take up barter exchange and trading which can be termed as the earliest form of entrepreneurship.
This was followed by the stage when humans learnt to produce basic things they needed with the help of their own hands – implements, handicrafts, etc. These were sold and bought reflecting definite cases of enterprise.
In the last 2
Bibliography: Helge Berglann, Espen R. Moen, Knut Roed, Jens Fredrik Skogstrom. (2010, October 12). Entrepreneurship: Origins and Returns. (Walker, Ed.) Labour Economics , 180-193. Holcombe, R. G. (1998). Entrepreneurship and Economic Growth. The Quarterly Journal of Austrian Economics , 1 (2), 45-62. John Wiklund, Per Davidsson, David Audretsch, Charlie Karlsson. (2011). The Future of Entrepreneurship Research. (R. Bagby, Ed.) Entrepreneurship Theory and Practice , 35 (1), 1-9. Lazear, E. P. (2005). Entrepreneurship. Journal of Labor Economics , 23(4), 649-680. Saridakis, Francis J. Greene and George. (2008). The Role of Higher Education Skills and Support in Graduate Self Employment. Studies in Higher Education , 33 (6), 653-672. Entrepreneurship and Macro-economics (Holcombe, 1998)Holcombe, in his article titled ‘Entrepreneurship and Economic Growth’ 9. Entrepreneurial Research (John Wiklund, Per Davidsson, David Audretsch, Charlie Karlsson, 2011) In their article