What is the difference between innovation and entrepreneurship? Can government policies hold up either or both in southeastward Asia?
macrocosm [Steve Epner]:
& shite; Innovations after part be large or low-pitched and process- or intersection-oriented.
& hoot; They can affect the way we imply or act.
• They can be minor enhancements or a totally new way of doing something.
• They can be an incremental crossroad change or something all in all new.
Entrepreneurship [Steve Epner]:
• Entrepreneurs, on the other hand, take a concept, product or service and sell it to the community.
• They set up the business which allows a new or existing product or service to become a profitable business.
• They do not have to innovate (although it can assistant with their success.)
• They create the “buzz” that gets customers in the store.
• They slope the operation more tightly to be able to shoot a profit, even on smaller margins (at least to start) than their competitors.
• Entrepreneurship is doing something differently so as to better use resources and fatten markets for the product and/or service.
[Peter Drucker]
• Entrepreneurship is an act of initiative, drive, commitment, diligence, perseverance, organized effort, and achievement outlook, to undertake some specific functions of performing productive activities and the cleverness to bear and associated with the investment.
• Entrepreneurship is the dynamic process of creating incremental riches by individuals/groups through the use of resources.
Current conditions in Southeast Asia / Asia:
• Asia has many of the unfortunateest citizens in the world. Out of the 1.2 billion poor people around the world who make it on slight than a dollar a day, about 800 million live in Asia. In a sea of rising incomes and quick economic growth, widespread and pervasive poverty is the principal quarrel in Asian development.
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