Entrepreneurship and Economic Development
intrapreneur
an employee who is tasked with developing an innovative idea within a company and can draw on its resources to do so
Increasing Gross National Product Per Capita Income
An increase in gross national product and per capita income of the people in a country is a sign of economic growth.
Facilitates Overall Development
Entrepreneurs act as catalytic agents for change which results in a chain reaction.
Promotes Country's Export Trade
Entrepreneurs help in promoting a country's export trade, which is an important ingredient of economic development
Promotes Balanced Regional Development
Entrepreneurs help to remove regional disparities through setting up of industries in less developed and backward areas.
Induces Backward and Forward Linkages
Entrepreneurs like to work in an environment of change and try to maximize profits by innovations
Improvement in the Standard of Living
Entrepreneurs play a key role in increasing the standard of living of the people by adopting the latest innovations in the production of a wide variety of goods and services in a large scale that too at a lower cost
Promotes Capital Formation
Entrepreneurs promote capital formation by mobilizing the idle savings of the public.
Creates Large- Scale Employment Opportunities
Entrepreneurs provide immediate large- scale employment to the unemployed which is a chronic problem of underdeveloped nations.
Reduces Concentration of Economic Power
In order to redress the problem of monopolies, a large number of entrepreneurs need to be developed, which will help reduce the concentration of economic power amongst the population
Social Entrepreneurship
In this type of entrepreneurship, people in business are the innovators who target on development of products and services, so that social requirements and problems can be solved.
Scalable Startup Entrepreneurship
In this version of entrepreneurship, the company is started with a vision that changes the universe.
E-Entrepreneurship
In this world of full of technology, the sea of opportunities is there where individual, organizations as well as social and nations can use their mobile phone and computer again and again to access the online services.
Private Entrepreneurship
Initiate entrepreneurship under the private sector
Technopreneurship
It a kind of entrepreneurship in the intensive technology context and the process of amalgamating the entrepreneurial skills and technology where the technology is used as an essential part.
Incubative Entrepreneurship
It generates and nurses new ideas and ventures within the organization.
Technopreneurship
It is a blend of two words, technology and Entrepreneurship.
Joint Entrepreneurship
It is a collaboration of private and public entrepreneurship.
Individual Entrepreneurship
It is entrepreneurship that is managed and executed by an individual or a member of a family with some personal motives as well as initiatives, thus it is called as individual Entrepreneurship.
Administrative Entrepreneurship
It is the joint efforts of both the general management and scientific-technical personnel to identify areas for research and development of new products, techniques, or the improvement of the existing ones.
Commercial Entrepreneurship
It is viewed as profit-based entrepreneurship as all the operations held by taking profit as a major motive.
Wealth Creation and Distribution
It stimulates equitable redistribution of wealth and income in the interest of the country to more people and geographic areas, thus giving larger sections of the society.
TYPES OF SOCIAL ENTERPRISES
Leverage non-profit, Hybrid non-profit, Socialbusinessventure
Opportunistic Entrepreneurship
New opportunities are also offered by the changes in the environment but not every business owner is able to identify the opportunities and utilize the same in a timely manner.
Mass Entrepreneurship
The emergence of this category of entrepreneurship occurs when there is a presence of a lot of favorable climate of encouragement as well as a motivation among the common masses and this describes the Mass Entrepreneurship.
Promotes Balanced Regional Development
The growth of industries and businesses in these areas lead to a large number of public benefits like road transport, health, education, entertainment, etc.
Acquisitive Entrepreneurship
The highlighted point is that some failures It capture the essence of India for serving it to the never prevent them from learning and developing new skills but also encourages them to figure out such new things all the times.
Small Business Entrepreneurship
The profit in these types of businesses is pretty less as the main reason behind them (among employers) is creating a living for their families.
Trading Entrepreneurship
These are a kind of mediator between the manufacturer of a product and its customers or retailers or wholesalers.
Cultural Entrepreneurship
These entrepreneurs' changes culturally who organize cultural, financial, social as well as human capital to make a profit out of it.
Business Incubators
They are the ones that helps you start up your business
Improvement in the Standard of Living
This enables the people to avail of better quality goods at lower prices which results in the improvement of their standard of living.
E- Entrepreneurship
This is also known as Cyberpreneurship.
Commercial Entrepreneurship
This type of entrepreneurship associated with the profitability only and emphasized the opportunities and not on the resources.
Imitative Entrepreneurship
Under an agreement with a franchise, this entrepreneurship imitates or copying the operative products and services.
State Entrepreneurship
When a business firm is managed and operated wholly by the state or the government of the state
Domestic Entrepreneurship
When a business owner produces goods and provides services within the boundaries of a nation
Transpreneurship
When the people from various groups of gender such as transgender and Hijra, comes up with some small scale businesses to fulfil their day to day needs
economic development
all about improving living standards.
Ecopreneurship
also named as "Green entrepreneurship".
disruptive innovations
an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances.
Intrapreneurship
based related to the fostering the activities of entrepreneurs in a large organization by making improvements in the products and branding them to increase the profitability.
small entrepreneur
can be the person who operates a business by hiring local people of family members. The majority of them funds their business through friends or family or business loans.
Large Company Entrepreneurship
create new variants apart from core products they manufacture.
indispensable
entrepreneurship is ____________ for economic development.
Agripreneurship
formidable role has been played by agriculture in the growth of the economy and its development too.
Promotes Country's Export Trade
import substitution and export promotion ensure economic independence and development
catalytic agent
in group psychotherapy, refers to a participant who stimulates an emotional reaction from fellow participants. Thus, this person actively participates and facilitates the process of sharing experiences.
Imitative Entrepreneurship
involves the adoption of current technologies from across the world and takes on existing technologies with some few modifications that suit the local conditions.
International Entrepreneurship
involves various activities such as opening new branches of a business firm in new locations, exporting the products to other countries and get a license to sell as well as promote the products across the nations.
Economic development
is the process by which emerging economies become advanced economies.
International Entrepreneurship
is the whole process of entrepreneurship conducts ad, performs the activities of the business across the boundaries of the nation.
Economic development
refers to the process by which the overall health, well-being, and academic level the general population improves.
Schumpeter
that the entrepreneurial process is a major factor in economic development
Intrapreneurship
the act of behaving like an entrepreneur while working within a large organization
entrepreneur
the key to economic growth
Public Entrepreneurship
they are not social entrepreneurs because they are bound to governments rules and regulations.
Public Entrepreneurship
they work under government to solve public and environment issues.