The beginning of development and success An entrepreneur is known as an inventor who taking the risk in the business. It performs in the role of innovation as the key of development and success which associates with society, currency, creativity and sustainability. Entrepreneurs also involve in economic development, interacting with suppliers and customers to create a market and variation of the product. The entrepreneurship, innovation and economic development are performing together in the relationship
Economic recommendations 4.3 The availability of finance support from the government The researcher suggests that government should provide support in terms of finance for the young people in order to develop Indonesia’s economy and encourage competition and innovation among the youth. The researcher recommends government to create a program that providing funds for impressive business plan from young entrepreneurs. This program should provide sufficient funds require for young entrepreneurs to start
Critically compare and contrast Commercial entrepreneurship and social entrepreneurship using the following dimensions of Responsible Leadership (RL). RL is a relatively new paradigm that examines existing leadership against ● higher-order strategy, which is concerned with: a. viability, b. accountability, c. ethics, d. decision making, and e. acting in an appropriate manner. ● sustainability, which is a key aspect of Responsible Leadership and is concerned with: f. transparency, g. observing community
promoting incubation facilities, research and development facilities and entrepreneurship education are just some of the means by which governments can encourage entrepreneurship in a country and its regions (Mitra, 2012, p.223). The role of the government is to encouragement to entrepreneurs, entrepreneurial activities and entrepreneurial organisation by facilitating them with opportunities and favouring policies. Government policy for entrepreneurship The government must structure its policies
In today’s world, the most important outcomes of an economy are sustainability and human development. Deciding what potential outcomes of an economy can be subjective and depends largely on the economy and its people. Evaluating the performance of different economies requires the selection of different standards. However, sustainability and human development are the most universally beneficial for a well functioning society. The reason that they are the most important is because securing a better
Joseph Schumpeter has highlighted the capacity of entrepreneurs to change the dynamics of business world. Sustainable development of a business is basically considered as a matter of corporate sustainability; however, this misconception is changing with new innovative entrepreneurs. The innovative individual entrepreneurs grab the opportunity available in the current business prospects to achieve the sustainable business through new ideas and techniques. One of such successful sustainable entrepreneurs
One of the most important steps in the fight against poverty around the world is the creation of jobs. The most competitive and successful in this direction is the social entrepreneurship. The task of the social enterprises is to contribute to the solving of the social problems and promoting of the people 's livelihood. Social enterprises provide jobs for hundreds of thousands of people in the various fields: food production, marketing, credit, insurance, and transportation. The social enterprises
Environmental sustainability: Businesses face environmental issues such as pollution, renewable resources and harvesting. Environmental sustainability is an economic growth and sustainability is the ability to continue a defined behaviour indefinitely. Question 1.1.2 : • Social responsibility: Mondi is a business that ensures customer satisfaction and they deliver exceptional value of product in a sustainable way, for sustainable development. • Employment equity : Mondi encourages development through
Sustainable Entrepreneurship Sustainable development is defined as “Development that meets the needs of the present generations without compromising the ability of future generations to meet their own needs” (IISD, par. 1 ). In today’s economy, sustainable entrepreneurship is a popular topic. Companies all over the world are trying to create a green image. A sustainable business has a positive impact on the global and local environment, community, society and economy, and focuses on the three
potential for entrepreneurship but is largely unable to achieve employment. Because of the Sougha program, such individuals are able to access assistance, both material and otherwise, which enables them to consequently enhance their entrepreneurial skills and in effect, seize market opportunities (Sougha.com, 2012). As a result, the social reflection of poverty impressed by unemployment is to a great extent