Entrepreneurship In Economic Development Research Articles

Growing Entrepreneurs: Cultivating Success for Tomorrow’s Economy

The Entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. Entrepreneurship is the process of designing, launching and running of a new business which is often initially a small business. Entrepreneurship plays a significant role in economic development of a country. It is most powerful weapon in the hand of one to fight against poverty and unemployment. Entrepreneurs are like gamblers, and like are gambler, their chance of winning increase if they have the right cards. The role of entrepreneurship in economic development varies from economy to economy depending upon its material, resources, industry climate and political system of the country. Entrepreneurship is one of the most important inputs in the economic development of a country. An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture. This paper therefore, seeks to discuss entrepreneurship as one of the factor that influences the economy of a nation, either directly or indirectly. . This present paper is an attempt to diagnose and critically analyse the qualitative aspects, programs, reports on Entrepreneurship in Indian context.

Role of Women Entrepreneurship in Economic Development of Nepal

The study tells that women entrepreneurs play a vital role not only in the development of industrial sector of a country but also in the development of farm and service sector. The role of women entrepreneurship in economic development varies from economy to economy depending upon its material resources, industrial climate and the responsiveness of the political system to the entrepreneurial function. The objective of the study is to find out the role of women entrepreneurship in economic development of our country. The study is based on secondary data and analytical approach. Women entrepreneurs, in the form of new goods & services, result in new employment, which can produce a cascading effect or virtuous circle in the economy. It is necessary that we understand the benefits of women entrepreneurs, a balanced approach to nurturing entrepreneurship will definitely result in a positive impact on economy and society.

The Role of Entrepreneurship in Enhancing Economic Development: A Literature Review on the Dynamic Interaction between Education and Human Resources

Economic development is a crucial aspect of a country's growth and progress. The role of entrepreneurship has increasingly been recognized as a key factor in accelerating economic development. This research aims to analyze the dynamic interaction between entrepreneurship, education, and human resources in the context of economic development. This study is a qualitative literature review. Data for this literature review will be obtained through searching relevant scholarly articles and conference papers from the Google Scholar database. The search will be limited to the time span between 2010 and 2024 to ensure the freshness and relevance of information. Keywords used entrepreneurship, economic development, education, human resources. The results of the study indicate that entrepreneurship is not only a driver of economic development but also a pathway to achieving inclusive, sustainable, and beneficial economic growth for society as a whole. Thus, a holistic approach involving education, human resource development, and appropriate policy support is needed to enhance the role of entrepreneurship in economic development. Governments, educational institutions, the private sector, and society as a whole need to collaborate to create an environment that supports entrepreneurial growth and minimizes barriers to the success of new businesses

Entrepreneurship Education in University: The Saudi Context

Nurturing and training successful entrepreneurs constitutes a significant part of a country’s strategies for economic growth due to the role of entrepreneurship in economic development and job creation. This research examines entrepreneurship education at a Saudi university in the Eastern Province and proposes enhancements. Researchers applied the descriptive survey method, and the questionnaire was administered to 382 female university students. They highly agreed with the reality of education in the field of entrepreneurship. The entrepreneurship course covers entrepreneurial characteristics, marketing, operations, financial planning, and work values. Female students also highly agreed on ways of enhancement, such as aligning entrepreneurship models with Saudi aspirations, involving specialized faculty, and encouraging the post-graduation implementation of entrepreneurial ideas within course requirements. Finally, statistically significant differences based on college type were observed, while no significant differences were attributed to cumulative GPA. KEYWORDS higher education, Saudi universities, entrepreneurial university, skill building, unemployment, educational studies

The Role of Diaspora Entrepreneurship in Economic Development: a Case Study of Nigeria

Diaspora entrepreneurship has emerged as a significant driver of economic development, particularly in countries with large diaspora populations. This research paper delves into the dynamic relationship between diaspora entrepreneurship and economic development in the context of Nigeria. Through an exploration of motivations, challenges, and contributions, the paper assesses the substantial impact of Nigerian diaspora entrepreneurs on economic growth. The study highlights the roles they play in job creation, foreign investment, knowledge transfer, and innovation. The findings underscore the importance of leveraging diaspora entrepreneurship for sustainable economic development, offering insights for policymakers and stakeholders.

Technopreneurship Education, Occupational Counselling, and Sustainable Development in Nigeria

Innovation and creativity are basic necessities for any functional education like entrepreneurship education which is skill-based. The method of instructional delivery should be technologically inclined where the scientific knowledge will be inculcated in it. Technopreneurship is a process of acquiring knowledge, skills, and competencies for venture creation through technological knowhow. Technology is what makes life easier to live. It is the scientific knowledge used in practical ways to meet and satisfy human needs. Occupational counselling is the guidance and information necessary for all individuals in the world of works for better understanding of self, personality type and acquisition of relevant qualification in relation to entrepreneurship skills, job productivity, satisfaction and overall wellbeing on the work performance. This paper, therefore, focuses on how technology entrepreneurship and occupational counselling can bring sustainable development to entrepreneurs in their business operations in the global market. The paper looked at the concept of entrepreneurship, entrepreneurs, technopreneurship, development of entrepreneurship, acquisition of occupational information relevant for building entrepreneurship skills in Nigeria, significance of technology in the operations of modern entrepreneur, roles of technology-based entrepreneurship in economic development, teaching entrepreneurship education using project-based learning method and development of all related psychological characteristics the individual needs for sustainable development. The paper concluded that technopreneur, in order to succeed, needs to be taught technology-based entrepreneurship that encourages creativity and Innovation, the importance of understanding self in relation to job satisfaction and productivity that bring about commercialization and industrialization towards global marketing. The paper recommended, among others, that technology-based entrepreneurship education and occupational counselling should be entrenched into the curriculum right from Basic Schools to Tertiary institutions. It further stated that supports should be given to Tertiary institutions for curriculum overhauling and development of lecturers in form of training and retraining for sustainability.

Role of Entrepreneurship in Economic Development: A Tribal Perspective. Women Empowerment

Role of Entrepreneurship in Economic Development: A Tribal Perspective. Women Empowerment

The Entrepreneurial Propensity: A Study on The Adivasi Entrepreneurs In Assam

Several social scientists have extended entrepreneurship to be the key variable that links the sociocultural milieu with economic development. Entrepreneurship development is seen as a way to solve the imbalances, particularly in a rural society. Realising the significance of entrepreneurship in economic development, the process would not stand strong if it is not taken up by individuals from backward communities (tribes). Adivasis have been undergoing many changes whose consequences and implications have been seriously misunderstood. Against all odds, a change is being observed where the Adivasi society is enhancing its acceptability towards the creation of an enterprise. With this observation, the study aims to determine the degree of inclination towards entrepreneurship (entrepreneurial propensity) among the Adivasis of Assam, and in the process examines the socio -economic profile that motivates them to plunge into the field of entrepreneurship. The study is based on a semi-structured interview with 120 Adivasi entrepreneurs spread across the tea estates, villages and towns of Dibrugarh, Sonitpur, Tinsukia and Udalguri districts of Assam. The results suggest that the entrepreneurs possess minimum qualifications which limit their employment opportunities. Despite a few opportunities, they willingly took up entrepreneurship with a strong pull motivation. Further, the entrepreneurs display high entrepreneurial propensity with a strong disposition of personal resourcefulness.

Economic Motivation of The Women Entrepreneurs in Telangana State

Economic empowerment is the most powerful route for women to realise their rights and achieve their goals. The importance of women's entrepreneurship for economic development is widely recognized. MSMEs are the backbone of the Indian economy. Women entrepreneurs are increasingly recognised as the new engines for inclusive and sustainable industrial growth, as well as the rising stars of developing-country economies. The present study aimed at fi nd out economic motivation of the women entrepreneurs in the Telangana state. The study was conducted in three districts of Telangana state, i.e Adilabad, Sangareddy, and Rangareddy. A total of 180 respondents constituted the sample of the study. The study revealed that the majority of the respondents run their enterprises with their own funds/investment, some of the respondents took fi nancial assistance from friends & relatives, SHGs, banks and money lenders. Further analysis of the results revealed that the majority of the respondents had medium-level economic motivation, followed by high and low. Multiple correlation analysis revealed that education, enterprise income, sources of information, mass media contact, infrastructural facilities and entrepreneurial experience showed a positive and signifi cant relationship with economic motivation

INFLUENCE OF ENTREPRENEURIAL EDUCATION AND BEHAVIOUR ON STUDENTS' INTENTION TO START A BUSINESS IN MOROCCO: AN EMPIRICAL STUDY

<p>The role of entrepreneurship in economic development is significant, which is why business schools and universities are prioritizing entrepreneurship education. This research aims to determine the impact of these programs on individuals' intent to become entrepreneurs using Ajzen's theory of planning behavior. The survey method was used to gather data from 403 participants and SEM path analysis was employed to analyze the results. The findings suggest that feedback and business plan activities have a direct effect on entrepreneurial intention. This information can be utilized to improve entrepreneurship training courses and support their providers. Furthermore, the relationship between entrepreneurship and business planning can be leveraged by educational institutions, organizations, and policymakers to foster future entrepreneurs.</p><p><strong>JEL:</strong> M13, M53</p><p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/soc/0097/a.php" alt="Hit counter" /></p>

The role and functions of social entrepreneurship in economic development

Social entrepreneurship is one of the active research areas in modern economics research. This article analyzes the concept of social entrepreneurship, its meaning and the main prerequisites for the development of social entrepreneurship in Kazakhstan. The article describes the features and characteristics of social enterprises in Kazakhstan. The main purpose of the article is to analyze the development of social entrepreneurship in Kazakhstan on specific examples and determine its importance in the development of the economy. Determine the role of this industry in the country's economy and the factors necessary to improve it. Social entrepreneurship involves the proper use of resources to promote sustainable and inclusive entrepreneurship that values values. Therefore, since the concept of social entrepreneurship is still not fully understood, this area needs in-depth research. The main factors that distinguish social entrepreneurship from traditional entrepreneurship are the use by entrepreneurs of economic resources and social opportunities that are innovative and adapted to modern conditions. An in-depth study of social entrepreneurship requires determining its economic role and strategic objectives. The importance of social entrepreneurship and its role in the socio-economic development of society is very important, as well as the need to create a favorable business climate in this area. As a result of the analysis, the basic concepts of social entrepreneurship were clarified, the characteristics, features, and role of social entrepreneurship in Kazakhstan were determined, and its functions were analyzed.

Preduzetnički potencijali u BiH u kontekstu aktuelnih socio-ekonomskih kretanja

This paper explores the pivotal role of entrepreneurship in economic development and the maintenance of a stable social structure. Entrepreneurship, as a combination of labor, creativity, capital, and technology, generates innovative products, services, and socioeconomic activities, becoming increasingly significant in post-industrial societies. Its efficiency, particularly in the development of small businesses, is becoming crucial in mitigating the influence of the corporate world. In the specific context of Bosnia and Herzegovina, entrepreneurial spirit and the potential of citizens emerge as key factors for economic development and social stability. The paper utilizes a theoretical framework encompassing the characteristics of entrepreneurship, along with social, economic, cultural, and educational assumptions for its development, aligning them with the current socioeconomic conditions in the country. Empirical research analyzes the motives, ambitions, and readiness of citizens to initiate their own entrepreneurship in Bosnia and Herzegovina, with a specific focus on unemployed youth and their social integration as drivers of socioeconomic development.

Understanding entrepreneurial ecosystems using complex adaptive systems theory: getting the big picture for economic development, practice, and policy

ABSTRACT This paper demonstrates how the theory of complex adaptive systems (CAS) and entrepreneurial ecosystems (EE) can be synthesized to create a comprehensive framework for understanding EEs as comprising dynamic and diverse actors, factors, and interdependencies. We adapt four elements common to CAS and propose a context-specific framework for explaining EEs through people, place, purpose, and process to provide insights for policy, development, and regulatory interventions. Motivated by the challenge to develop a practical and parsimonious framework for comprehensive EE analysis, we present a case study using a CAS approach to illustrate the nature of EEs as dynamic, interconnected social systems and identify opportunities for economic development interventions. The study offers a novel framework for system-level EE analysis, and in doing so, it contributes to entrepreneurial economic development, research, policy, and practice.

A Study on the Role of Social Entrepreneurship in Economic Development

A Study on the Role of Social Entrepreneurship in Economic Development

Implementation of National Science Technology and Innovation Policy 2019: Assessment of Challenges in Government Organizations of Nepal

Government of Nepal promulgated the third policy on science and technology including innovation in 2019 (NSTIP-2019). This policy being aligned with the federal and provincial governance system has given stronger emphasis on innovation and entrepreneurship for economic development. Online questionnaire survey was conducted to assess the status and capabilities of governmental research organizations and universities because they are in the forefront in executing action plans formulated in NSTIP-2019. An encouraging response from a total of 36 respondents representing 17 organizations was received. All respondents have reported the poor infrastructure and lack of budget for research activities in their respective organization. Low productivities of research institutes and academia were attributed to erroneous understanding existing in policy makers and underdeveloped research culture prevalent in research and academic institutions including limitations in governments’ system of budget al.. location, leader/staff recruitment and procurement of necessary research materials. Based on the information and suggestions provided by a wide range of expertise in survey respondents, this paper identifies enablers of positive research and innovation culture in Nepalese perspectives. Key attributes of ‘sound research and innovation ecosystem’ discussed here are most likely to guide implementation process of NSTIP-2019 with higher levels of confidence and effectiveness.

WITHDRAWN: Strategic evaluation of local ethics and culture in shaping entrepreneurial economic development in various businesses and its impact on finance management during COVID-19 outbreaks

This article has been withdrawn at the request of the editor. The Publisher apologizes for any inconvenience this may cause.The full Elsevier Policy on Article Withdrawal can be found at https://www.elsevier.com/about/our-business/policies/article-withdrawal.

Skilled Labor Force as a Cornerstone of Entrepreneurial Economic Development - International Experience for Georgia

Labor force is utterly significant factor through which a product or service is created in any country. Consequently, the quality of the labor force is directly proportional to the entrepreneurial economic development, service standards and steady, dynamic growth as a whole. Proficient workforce has an ability to solve problems and efficiently adapt to changes in an ever-evolving world. It contributes to the development of the country's domestic production, as well as plays an important role in attracting foreign direct investments. The following paper outlines the importance of a qualified and skilled labor force for entrepreneurial economic progress and analyzes its various aspects. Additionally, in this regard, the study delineates current challenges in Georgia and examines the best examples of international practice. Finally, based on multifactorial analysis, the paper presents solutions and recommendations to solve existing problems, for long-term stable economic betterment.

Vocational Home Economics Education: A Veritable Tool for Self Reliance, Poverty Eradication and Sustainable National Development

The increasing rate of poverty, unemployment and retrenchment and so many other social problems is worrisome. However, unemployment is not peculiar to Nigeria alone but to other third world countries. This paper examined the objectives of Home Economics education as it is geared towards improving the standard of living. It looked at self-reliance, poverty Eradication through Home Economics Education, and the role of entrepreneurship in economic development. It also examined Home Economics income generating business ventures in the major areas of Home Economics for employment and wealth creation for sustainability. The paper concluded and recommended, among others things, that entrepreneurship education be made compulsory at all levels of education and soft loans be made available to graduate for business set up.
 Keywords: Self-Reliance, Poverty Eradication, Entrepreneurship, National Development

THE IMPACT OF ENTREPRENEURSHIP AND LEADERSHIP DEVELOPMENT ON ECONOMIC DEVELOPMENT

The development of entrepreneurship and leadership is the backbone of the development of any society. In a market economy, the state of entrepreneurship changes every day and it is necessary to find new methods of its development and adaptation to market conditions. Today, Serbia is in a difficult economic situation. The global economic crisis halted the country’s belated transitional recovery the moment the momentum began to take hold. The road to its recovery leads through painful measures: rationalization of the oversized public sector and serious financial discipline, as well as the promotion of entrepreneurship and leadership as development strategies, without which sustainable economic growth will not be possible. This paper aims to contribute to the description and analysis of the development of entrepreneurship and leadership, with the intention that it contributes to faster development in Serbia. The paper analyzes the concept, general state, and importance of entrepreneurship, the relationship between entrepreneurship and leadership, and the role of entrepreneurship in economic development. Based on the analysis performed in the paper, the authors concluded that entrepreneurial opportunities arise from market changes and that the modern, rapidly changing and uncertain business environment is a theoretically potential area for entrepreneurial activities.

Role of Entrepreneurship in Economic Development in India: A Quantitative Investigation

Role of Entrepreneurship in Economic Development in India: A Quantitative Investigation