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Monday, 10 December 2012

Entrepreneurial Motivation

1.0 Introduction The study of the successful entrepreneurship is important for several reasons: Schumpeter, 1934, described entrepreneurship as the engine that drives innovation and change, and subsequently economic growth Austrian economist Kirzner believes entrepreneurship is the mode through which equilibrium of supply and demand is reached t every(prenominal)y to Shane and Venkataraman entrepreneurship converts knowledge into marketable products and services: thus a heart of encouraging human creativity, and Zahra and Dess, 2001, debate entrepreneurship as a traffic itself that has a large role in modern daytime capitalism All of the above takes on entrepreneurship can be reassert only if the ventures undertaken are successful in the long term, as the success of entrepreneurs can only be gauged by its region to the economic engine, be it local or global. And like all feasts of human achievement the desire to succeed needs to sand by tenacity and hard work, both of which are derivatives of demand. consequently the objective of this paper is to review the relationship between motivating and entrepreneurial success. 2.
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0 Understanding entrepreneurship Most of the entrepreneurial theories emphasise the entrepreneur as a innovator or a originative force (Kirzner, Schumpeter) but it is important to note the term entrepreneur should be not be associated with innovators. It should instead be habituated to individuals who recognise a gaping hole in a market or recognise the commercial potential of a product/ service and take the necessary action to real create demand. However, in most circumstances innovators actually see the commercial opportunity themselves. 3.0 Role of motivation in entrepreneurship 3.1 How motivation applies when exploiting an idea Bill Gates saw an opportunity in merchandising standalone operating software whereas IBM at the time did not. The commercial value that Bill Gates attached to this concept was much... If you want to purpose a full essay, order it on our website: Ordercustompaper.com

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