Category: Entrepreneurship

Identity is formed during life as an individual faces challenges or learns from new experiences. It influences all aspects of a persons life. Personal identity can be a defining factor for business goals and objectives and tie it back to a broader society. Larger-than-life figures led many successful enterprises with a lot of passion and…

This essay will examine the three reasons for the rejection of the personality approach to entrepreneurship, supporting the analysis with the trait theory of entrepreneurship. The personality approach to entrepreneurship is one framework that examines why certain individuals are successful in creating business. It focuses on the traits that can potentially make people decide to…

Management style is a unique way through which organization leaders go about accomplishing the set objectives of the business firm. Various styles of management differ from a company and are employed effectively to give the desired results. The performance and success of any business are primarily affected by the management style. This is because it…

Introduction Entrepreneurship is the process by which a group or individuals exploit the market opportunity by substantially improving the services, method of productions, and improving the existing goods or bringing new products in the market. Entrepreneurship is defined as readiness and ability to run, develop and organize a business enterprise, together with the management of…

Nowadays, entrepreneurship has undergone democratization processes connected with technology. Therefore, it is of utmost importance to find out its function in an individuals life. Indeed, entrepreneurial people serve as a subject of interest not only for psychologists but also for economists, managers, sociologists, and even philosophers. The power of entrepreneurship lies in the ability to…

Introduction In the introduction, the authors argue that at present the formation of innovation policy is the most important condition for developing the foundations of sustainable development of new firms. Among the many common problems of innovation, special importance should be given to measures to balance them. Real production and production relations are two interrelated…

Innovation is the systematic application of ideas that culminate in the presentation of new products and services or an enhancement in the manner those products and services are offered. In the sphere of business activities and organizational performance, change and transformation can become the drivers of progress. Hence, it is obligatory for entrepreneurs to select…

In the modern business environment, entrepreneurial networking and relationship capital have already attracted particular attention. Therefore, this work aims to examine the importance of these concepts. In general, entrepreneurial networking refers to the formal or informal organisation of entrepreneurs to increase the effectiveness of their businesses activities (Das and Goswami, 2019). Today, it has become…

Introduction Studying entrepreneurship in higher education is both practical and theoretical research shows that one must employ experiential knowledge and go through the process called learning by doing. To many, it is a new phenomenon in a large field of inquiry that has enhanced new skills and knowledge in innovation and entrepreneurial practice in daily…

The United States is pursuing an active government policy to regulate and stimulate entrepreneurship. In 2003, a new presidential program to support small businesses was adopted, designed to give additional impetus to developing this vital segment of the civil and military economy (Americas Small Business Development Center, 2020). Many small businesses operate in the country,…