ENTREPRENEURSHIP IN THE CREATIVE INDUSTRY Branko Ćirić MBA[1] and Marko Trmčić[2]MA‚ Asst/Prof Snežana Trmčić PhD[3] Abstract Economies of developed countries rely heavily on small and medium enterprises‚ characterized by a high level of entrepreneurship. For that reason‚ governmental economic planners focus on creating an economic environment within all industries which will allow SMEs to develop easily and freely. However‚ entrepreneurship in Serbia and in most Western Balkan countries
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THE ROLE OF ENTREPRENEURSHIP IN INDIA’S FUTURE ECONOMIC DEVELOPMENT The progress of Indian economic development from 1947 to the present provides further evidence that individuals do respond to incentives in their pursuit of self-survival and accumulation of wealth. Further‚ the nature of this response depends on the economic climate‚ particularly the role of the government. India’s economy struggled as long as it was based in a system of government regulation with little interaction with
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. “Entrepreneurship is a force of creative destruction whereby established way of doing things are destroyed by the creation of new and better way to get things done” Explain your views. Answer: The process whereby old sources of competitive advantage are destroyed and replaced with new ones is referred to as creative destruction. Entrepreneurship by its very nature makes old knowledge redundant and introduces new knowledge
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appropriately‚ more adventurously. They have “carried out new combinations”. They are entrepreneurs” – Joseph Schumpeter (Lumsdaine and Binks‚ 2007). Entrepreneurship is a procedure through which individuals identify opportunities (problems that need to be solved or unmet needs) in the market place‚ allocate resources‚ initiate change by being innovative and creative and create value through solutions. One of the Factors of Production to produce goods or services is Enterprise with Land‚ Labour and Capital;
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Creative and cultural industries The term ‘Creative Industries’ was established in 1998 the Department for Culture Media and Sport (DCMS) the term was to acknowledge the contribution that creative content made to the economy. The standard classification of the creative industries used by the DCMS Contains 13 industries: * Advertising * Architecture * Art and antiques * Computer games * Crafts * Design * Designer fashion * Film
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Role of entrepreneurship in economic development Entrepreneur An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They looks for opportunities‚ identifies them and seizes them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake
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REDISCOVERING TEACHER’S ROLE IN ENTREPRENEURSHIP EDUCATION Abstract This article aims to highlight the crucial and challenging role that teachers have in entrepreneurship education. We will introduce a piece of data gathered during a project “Measurement Tool for Entrepreneurship Education”. A group of teachers (n 29) in 2008 were asked to describe their aims and results concerning entrepreneurship education. The results indicate teachers were familiar with entrepreneurship education‚ but‚ there
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Entrepreneurship: Entrepreneurship is the attempt to create value through recognition of business opportunity‚ the management of risk taking appropriate to the opportunity and through the communicative and management skills to mobilize human financial and material resources necessary to bring a project to fruition. According to A. H. Cole‚ "Entrepreneurship is activity of an individual‚ undertaken to initiate‚ maintain or aggrandize profit by production or distribution of economic goods and services
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Undergraduate Economic Review Volume 6 | Issue 1 Article 7 2010 The Role of Entrepreneurship in Economic Growth Daniel Smith University of North Carolina at Chapel Hill‚ danielsm@email.unc.edu Recommended Citation Smith‚ Daniel (2010) "The Role of Entrepreneurship in Economic Growth‚" Undergraduate Economic Review: Vol. 6: Iss. 1‚ Article 7. Available at: http://digitalcommons.iwu.edu/uer/vol6/iss1/7 This Article is brought to you for free and open access by the Economics Department at Digital
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Role of Training in Women Entrepreneurship Shikha Arora Email: shikha0211@gmail.com Key words: Training ‚ Analysis‚ Case Study ‚ Porter’s five forces framework ‚ PESTLE Analysis ‚ Support system ‚ Key Challenges ‚Current trends and road ahead. Abstract: This study involves the origin of Women Entrepreneurship‚ its present state and its scope in the future. Existence of Women Entrepreneurship has shown a number of challenges faced by different class of women in India on the way of
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