Developing Entrepreneurial Intention Among Students As Tool For Economic Development

Caste and religion of entrepreneurs are the contributory factor of entrepreneurial development. History reveals that the entrepreneurial traits do not belong to a specific caste rather the entrepreneurs emerge from varied communities. James Berna conducted a study of 52 medium – scale manufacturing entrepreneurs and found that

The role of entrepreneurship in the economy of a country is to inspire new business ventures that support wealth

First of all, students and young entrepreneurs should understand that they are not the first or the last, who do such business. That means that a lot of data - studies, advices, stories of successful and unsuccessful forerunners - could be found from a variety of sources. However, one should also understand that every business has its own path with own decisions, communications and methods of bypassing problems – each and every firm is always in its own set of circumstances that require specific actions. When one learns, steps can be repeated after someone, when one does a business, he/she takes a role of a trail blazer, who has to discover the essence. This is not the only concept an entrepreneur should understand and there are specially adopted programs, provided in various colleges, including Paul college at UNH, that allow students to develop their own businesses being guided by their instructors (Laura Hill).

Entrepreneurship education has been lauded as being able to create and increase awareness as well as promote self-employment as a career choice among young people (Clayton 1989; Fleming 1996). The objectives of entrepreneurship education are aimed in changing student’s state of behaviours and even intention that makes them to understand entrepreneurship, to become entrepreneurial and to become an entrepreneur that finally resulted in the formation of new businesses as well as new job opportunities (Fayolle and Gailly 2005; Hannon 2005; Venkatachalam and Waqif 2005). These day, many graduates are unable to get a job upon graduation. Students are now apparently searching for a business education that can help them with the necessary entrepreneurial

The creation of new businesses is one of the most important acts in a country. Some of the benefits that comes along with the creation of new businesses are the growth opportunity for

I attended the panel of student entrepreneurs from Lassonde Entrepreneur Institute. We had the privilege from hearing from five different students who have started their own business. We heard from a girl who had come up with equipment so that people who were sick could check their vitals at home, instead of having to go to the doctors. The patient would then plug the information into an app on their phones and it would be set to their doctors and nurses. There was a girl who had created a solar heating device that turns aluminum and other materials into hot air, which can be used to help the homeless population, lower heating bills as well as help the environment. We heard from a student who started a tech app and a mother student who had his own DJ business called Andries Entertainments. There was also a student who started her own photograph business as well as a few non-profit businesses. All of these students had great advice about how to start a company, how to keep it going, how to enjoy what you are doing.

MNCs should remove their tag of “exploitive foreigner” and adapt and work hand-in-hand with the locals. They should also be more selective in pursuing new opportunities and thus set a new strategy and employ resources accordingly. They should also be prepared for competition from local companies.

The entrepreneurial environment in Egypt has its strengths and weaknesses. Beginning to analyze the strengths, Egypt's young population is one of the greatest entrepreneurial strengths in Egypt, as a large young and educated population is the country’s potentially most valuable resource that could be a driving force for a much-needed economic expansion and new innovative ideas. As characteristics of today's youth can be a competitive advantage for the entrepreneurial environment such as their computer skills, their ability to respond and cope with new economic trends, and their efficiency in promoting innovation to increase competition in the market place (Hattab, GEM Egypt 2012 Report, 2013). Even more, another entrepreneurial strength in Egypt is its open market as the favourable changes that has

Now few MNC companies entered into India. The new entrees have taken of 15% of the projects from the existing players. In our industry there is a huge capital investment is required and it is not very easy to enter into the industry. Like L & W Pvt. Ltd

Over the years, especially around the year 2000 till date, entrepreneurial education has taken different approaches in ensuring the effectiveness of the education system (Gibb & Price, 2014). These different approaches taken is to ensure the effectiveness and efficiencies of the outcome of entrepreneurial education in achieving its argued importance (Fayolle, 2007). Over time, continuous arguments had arisen among scholars pertaining to the contribution of entrepreneurial education towards influencing students to become entrepreneurs. For instance, the studies of Adelaja (2015), Lourenço, Jones, and Jayawarna (2015) and Elmuti, Khoury and Omran (2012) conclude positive influence of entrepreneurial education on intention to become entrepreneurs among students. While the conclusions from studies such as and St-Jean and Mathieu (2015), Bilić, et al. (2011) and Lorz (2011) conclude that entrepreneurial education has no significant relationship with the intention of students to become entrepreneurs.

Companies are constantly reinventing themselves in the name of profit. International business strategies are one form by which companies are able to successfully compete. There are numerous strategies capable of generating abnormal profits or taking a company into bankruptcy. The spectrum holds no magic formula as a variety of resources and capabilities is necessary to successfully compete. What works or is frowned upon in one market can become a cash cow in another. This was demonstrated by Lenovo, who has continued to grow despite declining sales in the U.S. computer market. Their ability to grow has been driven by capturing share in emerging markets such as China (Gupta, 2012).

The name of project is the “Readiness for Entrepreneurship (RE)”. The RE program helps the targeted people who are unemployed, and are interested in starting a business at the local level (for cities or counties). Once applicants are selected by objective criterion, the admitted applicants are eligible to get education of specific skills for six months or one year. The period of training will be depending on the area of establishment. In addition, the applicants may have financial supports after the education and interviews. Also, there is a strict condition when they start a new business: they should open a business within their administrative boundary (at least within in the neighboring counties).

Entrepreneurship is generally described as the ability of an individual or a group of individuals to create or discover an opportunity and utilize it to the benefit of the society, which, in turn, will bring success to the innovators and their organisation (Hart, 2003). The relationship between entrepreneurship and economic growth of a country has increasingly gained a lot of interest from economists and policy makers over the years (Steyaert and Hjorth, 2008). However, while some view it as a direct relationship, others see it as an indirect kind of relationship. Entrepreneurship is a multifaceted and complex concept and described differently based on the context of study and disciplines (Hart, 2003). Hart (2003) noted that main research

Introduction Opening Entrepreneurs play a very important role in the economy as they are the building blocks for a country by providing job opportunities, producing goods and rendering services to consumers. An entrepreneur is an individual or group of people (entrepreneurs’) that identify a business opportunity in a particular market and then provide a product or render a service that will satisfy the needs and wants of the consumers. In my opinion entrepreneurship should be promoted more and thought to the younger generations as it has lots of different advantages to it such as providing job opportunities which will lead to combating socio-economic problems such as poverty and unemployment which in turn will reduce crime levels because

ASEAN Economic Community (AEC) is a realization of the ultimate goal of economic integration espoused in Vision 2020, which is based on the convergence of the interests of member countries of ASEAN to deepen and broaden economic integration through existing and new initiatives with a clear deadline. In establishing the ASEAN Economic Community (AEC), ASEAN must act in accordance with the principles of an open, outward-looking, inclusive and market-oriented economy consistent with multilateral rules, and compliance with the system for compliance and implementation of an effective commitment to a rules-based economy. ASEAN Economic Community (AEC) will establish ASEAN as a single market and production base to make ASEAN a more dynamic and competitive with the mechanisms and measures to strengthen the implementation of existing and new economic initiatives; accelerate regional integration in priority sectors; facilitating the movement of business, skilled labor and talents; and strengthen institutional mechanisms of ASEAN as a start to realize the ASEAN Economic Community.