entrepreneurship can not be kept aloof from the changing social values‚ ideologies‚ new emerging aspirations‚ environmental pressures‚ religious beliefs‚ consumer wants‚ and society needs etc. Business is a system made up of certain environmental factors which require the entrepreneurs to adopt a dynamic attitude and a new strategy of their own. Entrepreneurship environment refers to the various facets within which enterprises- big‚ small and other have to operate. The enterprise is therefore‚
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SCHOOL OF ENGINEERING AND INFORMATION TECHNOLOGY ASSESSMENT COVER SHEET Student Name Navpreet Kaur Student ID S265457 Assessment Title Case Study 1 Unit Number and Title PRT503 Entrepreneurship for Professionals Lecturer/Tutor Mr. Jamal El-Den Date Submitted 07 August 2014 Date Received OFFICE USE ONLY KEEP A COPY Please be sure to make a copy of your work. If you have submitted assessment work electronically make sure you have a backup copy. PLAGIARISM Plagiarism
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afford a start-up capital who become entrepreneur‚ there are a variety of people who become entrepreneurs‚ many of which attempt the risk in order to improve their current situational state in which they live in. In South Africa there are many factors which have produced themselves as challenges to entry for entrepreneurs. South Africa has many financial and operating‚ policies and regulations resulting in a unsupportive environment for entrepreneurs with regards to attaining capital in order
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in a very efficient manner. It is very easy to be lured by the promise of entrepreneurship and becoming one’s own boss. Choosing the product or service to provide may seems to be one of the greatest challenges. But this an important factor to be considered and factors related to this are complex enough to be ignored. Market potential‚ financial resources‚ one’s skills and resources are to be taken into mind. Shaping new age entrepreneurs is very essential as it improves the economy of the country
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common sense of identity‚ can assist in the contribution to entrepreneurship in Nigeria. The paper focuses on community in Nigeria as a catalyst to enhancing entrepreneurship. It shows the involvement of the community in the exchange of ideas and production of knowledge for entrepreneurship among its people. The concept of ‘community talk’‚ as an avenue for entrepreneurship development is proposed. The paper concludes with the important role of community as a correlate of entrepreneurship development
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define an ‘Entrepreneur’; however there is still no clear definition today of what an Entrepreneur possesses that others do not. There is a predisposition to attribute successful entrepreneurs to a person’s characteristics rather than environmental factors. Entrepreneurs are perceived to have ‘special traits’ that allow them to have particular insights not possessed by others. However‚ the core traits that are proposed to be the key competencies of successful entrepreneurs can also be applied to most
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development. This study aims to identify factors that contribute to the success and failure of a small and also the extent to which the level of business management practices among small and medium enterprises (SMEs) through surveys and research that has been done. Implications and recommendations for Small and Medium Industries (SMI) will be discussed in this study. The study also found that there are two main factors‚ namely internal and external factors that influence success and failure of Small
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approaches of entrepreneurship. The displacement school of thought is part of the major views. This school explains how the social surrounding can influence or restrict an individual to become an entrepreneur. In other words there is always certain factors that push or restrain an individual to become an entrepreneur. There are three major types of displacement that illustrate this theory. The first is Political displacement; it states that in some situation an individual is restrains to become an
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Here‚ the role of the entrepreneur is to conceive a business idea in terms of an innovation to be brought successfully to the market and to find the wherewithal to make this happen. The entrepreneur does not necessarily need to have the design‚ production or delivery skills (this is the function of the firm) nor to shoulder all or most of the risk (this is often assumed by the providers of finance or investors). Indeed‚ the notion of the entrepreneur as a risk-taking trader‚ began to be challenged
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WOMEN ENTREPRENEURS Concept An enterprise owned and controlled by women having a minimum financial interest of 51percent of the capital and giving at least 51 percent of the employment generated by the enterprise to women - Government of India A woman entrepreneur can be defined as a confident‚ innovative and creative woman capable of achieving self economic independence individually or in collaboration‚ generates employment opportunities for others through initiating‚ establishing and
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