Anuj Kumar What is Creative Thinking? Creative thinking has various definitions. However, it is the art of generating solutions to problems by the force of imagination and reasoning. It is an activity of the mind seeking to find answers to some of life’s questions. In a dynamic and changing world, the challenges of man are also not … Read more
Managing Pitfalls of Entrepreneurship We have seen the most common reasons behind many small business failures. Now we must examine the ways to avoid becoming another failure statistic and gain insight into what makes a successful business. The suggestions for success follow naturally from the causes of business failure. These are the ways managing pitfalls … Read more
Cultural Diversity of Entrepreneurship Cultural diversity plays a significant role in entrepreneurship, impacting the way businesses are created, operated, and succeed in various regions and markets around the world. Here are some key aspects of the cultural diversity of entrepreneurship: Young Entrepreneurs Young entrepreneurs are leading the way in business startups. Many young people, dissatisfied … Read more
The ED organizations do not have the resources to plan and execute EDPs as per their own perceptions and need assessment. Types of EDPs, the target groups to be covered, and the time available for organizing EDPs depend on the terms and conditions decided by the sponsoring departments and organization. Also, there is almost complete … Read more
Limitations of Entrepreneurship The process of entrepreneurship can be affected by regulatory measures and other environmental factors Barriers to entrepreneurship can stifle innovation if promoted enterprises are protected unnecessarily from the government and competitive forces which generate new ideas. Excessive promotional costs, uncertainty, and ineffective political leadership me potential entrepreneurs shy away from risk-taking behavior. … Read more
Benefits of Entrepreneurship The changing environment provides new opportunities for entrepreneurs and as a result, entrepreneurship has positively affected the economy and society. The following are the important economic and social benefits of entrepreneurship: Creating Innovation The development of new enterprises plays an important role in introducing goods and services to the economy. For example, … Read more
Meaning of Entrepreneurial The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. Management skills and strong team-building abilities are often perceived as essential leadership attributes for successful entrepreneurs. Robert B. Reich considers leadership, management ability, and team building as essential qualities of an entrepreneur. An entrepreneur is … Read more
Meaning of Entrepreneurship Entrepreneurship is a systematic innovation, which consists of the purposeful and organized search for changes and systematic analysis of the opportunities such change might offer for economic and social innovation. Features of Entrepreneurship Entrepreneurship is the act of setting out on your own and starting a business instead of working for someone … Read more
Activities of Marketing People generally confuse marketing with sales. However, sales are only one of the activities of marketing. Marketing encompasses the following activities: Research This should be a continuous activity throughout the existence of the SSI unit. It begins with a marketing survey to establish the demand and supply position in order to determine … Read more
Qualities of an Entrepreneur These are the essential traits or qualities of an entrepreneur: Strong Desire to be a Winner (Need to Achieve) Most people dream of success and achievement but do not take any action towards achieving those dreams. People with entrepreneurial qualities, on the other hand, have a strong desire to achieve a … Read more
