The Role of Entrepreneurship in the Development of Human Capital in an Era of Transition to a Greener Economy

Abstract

In a highly competitive global environment, entrepreneurship, and innovative entrepreneurs are key methods for businesses to ensure success and establish a competitive advantage in the national and global marketplace. To this effect, this study seeks to critically review ‘entrepreneurship and entrepreneur’. In order to gain a better understanding of these phenomena, a single research question was posed for this study:- Are there any justifications for the UK government not leveraging on entrepreneurship pedagogy for the development of employability for life? To ensure that organizations have the right skills to support and sustain their hard-earned success, and people have a relevant set of skills they need to be both employable and individually fulfilled. Since the global economy has made largely extinct the idea of a ‘job for life’. The new norm is ‘employability for life’. In this review, the discussion on employability for life would be an assessment of the abilities and attributes that can help individuals create a rewarding business in the modern marketplace. These are the skills that today's entrepreneurs should possess. The review concludes that the increase we are noticing in human capital development during, and post-global pandemic is a deliberate government effort through SME-friendly policies that allow for entrepreneurial activities, supported by business loans for small and minimum-size businesses across the country, ensuing in the establishment of new enterprises. These targeted policies have made provisions for individuals to engage in acts that would allow for human capital development and economic prosperity