Mastering In Innovation & Entrepreneurship
One of the great social transformations of the 20th century is now well underway, the transformation of the formerly communist economies into various forms of private enterprise market economies. The success of this massive transformation will depend in large part on the success in freeing and developing entrepreneurship in the transitional economies. One of the few success stories in many of the Central European economies has been the explosive growth of the new private sector.Well with so many definitions and so many articles written on entrepreneurship at the end coming upto a simple meaning an entrepreneur in a laymans language means one who manages and organizes any form of business. History provides a wealth of lessons that myopia is more the norm than clairvoyance. When the way forward is unclear, then it is better to proceed by small steps than by great leaps. It is better to "cross the river feeling for the stones as one goes" because small missteps can be corrected without great losses. Successful entrepreneurs usually have behind them a trail of several small failures ("learning experiences").
Entrepreneurship Development Programs concentrate on the following:
Creating an awareness of need and importance of Entrepreneurship as career option among students
The participants are given exposure to various aspects of entrepreneurship during the programme period with help of both in house and guest faculties.
In a developed market economy, substantial entrepreneurial knowledge is transmitted as a part of the ambient culture. Successful entrepreneurs are praised in the mass media. Some ethnic subcultures are particularly rich with examples and role models so that children easily come to have entrepreneurial hopes and expectations.
National Income consists of the goods and services produced in the country. The goods and services produced are consumed within the country and can also be exported to other countries. But in socialist societies, neither the system nor peer pressure/values supported entrepreneurship so anything resembling entrepreneurship was usually limited to handicrafts, the service sector, or agriculture.
Entrepreneurship Support[/b]
Business Training Centers
A number of transitional economies have already developed networks of business training centers (BTCs). The BTCs have a variety of functions such as business training, consulting, and serving as an information resource or library for business people. They might be organized as semi-public non-profit companies or as private companies. They might be financed my local governments, by consulting fees and user charges, or even by international donors. They might be stand-alone organizations or part of a larger network or franchise system. Usually the difficult transition is from government-funded to self-financed training which involves developing the local demand for business training services. BTCs are not unique to transitional economies. For instance, in the United States the Small Business Administration (SBA) was a Federal agency that supported many Small Business Development Centers often associated with universities. For the agricultural sector (thinking of farms as small businesses), the Agricultural Extension Service, usually associated with an agricultural college, provided information and consulting advice on best practices to farmers all across the country.
Entrepreneurship is key to the transition, both in small startups and in restructuring large enterprises. A large variety of entrepreneurship education and support organizations have been developed in the leading transitional economies and can be developed in the late-starting or slow-reforming economies. Entrepreneurship can play a major role in the restructuring of large post-socialist enterprises by means of spinoffs. Special strategies need to be used to help kick-start entrepreneurship. Chronic risk-avoidance can be partially compensated for by using incremental startup strategies to parcel out and reduce the entrepreneurial risks. The relative lack of risk capital for entrepreneurs can be partly addressed by using other ways to mobilize the cooperation of the necessary agents. Fear of having entrepreneurial profits expropriated by predatory groups and agencies in a very imperfect legal environment can be partly combated by linking the entrepreneurial ventures to legitimate and protective social powers.
An entrepreneur is said to be as the following
Initiative
Opportunity seeking
Persistence
Information seeking
Demand for quality and efficiency
Risk taking
Goal setting
Commitment to work
Systematic planning and monitoring
Persuasion and networking
Independence and self confidence
The entrepreneurship development was taken on the forefront in the past year and will continue to be on the forefront planning the development of our country.
One of the great social transformations of the 20th century is now well underway, the transformation of the formerly communist economies into various forms of private enterprise market economies. The success of this massive transformation will depend in large part on the success in freeing and developing entrepreneurship in the transitional economies. One of the few success stories in many of the Central European economies has been the explosive growth of the new private sector.Well with so many definitions and so many articles written on entrepreneurship at the end coming upto a simple meaning an entrepreneur in a laymans language means one who manages and organizes any form of business. History provides a wealth of lessons that myopia is more the norm than clairvoyance. When the way forward is unclear, then it is better to proceed by small steps than by great leaps. It is better to "cross the river feeling for the stones as one goes" because small missteps can be corrected without great losses. Successful entrepreneurs usually have behind them a trail of several small failures ("learning experiences").
Entrepreneurship Development Programs concentrate on the following:
Creating an awareness of need and importance of Entrepreneurship as career option among students
The participants are given exposure to various aspects of entrepreneurship during the programme period with help of both in house and guest faculties.
In a developed market economy, substantial entrepreneurial knowledge is transmitted as a part of the ambient culture. Successful entrepreneurs are praised in the mass media. Some ethnic subcultures are particularly rich with examples and role models so that children easily come to have entrepreneurial hopes and expectations.
National Income consists of the goods and services produced in the country. The goods and services produced are consumed within the country and can also be exported to other countries. But in socialist societies, neither the system nor peer pressure/values supported entrepreneurship so anything resembling entrepreneurship was usually limited to handicrafts, the service sector, or agriculture.
Entrepreneurship Support[/b]
Business Training Centers
A number of transitional economies have already developed networks of business training centers (BTCs). The BTCs have a variety of functions such as business training, consulting, and serving as an information resource or library for business people. They might be organized as semi-public non-profit companies or as private companies. They might be financed my local governments, by consulting fees and user charges, or even by international donors. They might be stand-alone organizations or part of a larger network or franchise system. Usually the difficult transition is from government-funded to self-financed training which involves developing the local demand for business training services. BTCs are not unique to transitional economies. For instance, in the United States the Small Business Administration (SBA) was a Federal agency that supported many Small Business Development Centers often associated with universities. For the agricultural sector (thinking of farms as small businesses), the Agricultural Extension Service, usually associated with an agricultural college, provided information and consulting advice on best practices to farmers all across the country.
Entrepreneurship is key to the transition, both in small startups and in restructuring large enterprises. A large variety of entrepreneurship education and support organizations have been developed in the leading transitional economies and can be developed in the late-starting or slow-reforming economies. Entrepreneurship can play a major role in the restructuring of large post-socialist enterprises by means of spinoffs. Special strategies need to be used to help kick-start entrepreneurship. Chronic risk-avoidance can be partially compensated for by using incremental startup strategies to parcel out and reduce the entrepreneurial risks. The relative lack of risk capital for entrepreneurs can be partly addressed by using other ways to mobilize the cooperation of the necessary agents. Fear of having entrepreneurial profits expropriated by predatory groups and agencies in a very imperfect legal environment can be partly combated by linking the entrepreneurial ventures to legitimate and protective social powers.
An entrepreneur is said to be as the following
Initiative
Opportunity seeking
Persistence
Information seeking
Demand for quality and efficiency
Risk taking
Goal setting
Commitment to work
Systematic planning and monitoring
Persuasion and networking
Independence and self confidence
The entrepreneurship development was taken on the forefront in the past year and will continue to be on the forefront planning the development of our country.