Evolution Of Entrepreneurship

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INTRODUCTION Entrepreneurship is a main and chief catalyst that energies, push and accelerates the economy of many nations also tearing down the unemployment rate. Not taking it for granted that entrepreneurship is the engine which helps in generating of new business innovations or ideas and unique innovative methods are introduced frequently into trade and industries, entrepreneurship assures economic growth from different forms of activities in the business world at large. Bringing it into practical life I can say that entrepreneurship is the truck on which many new innovation rides. Within this context, entrepreneurs are regarded as “titleholders” of some sort who change thoughts and concepts into products and services and ultimately create…show more content…
Training institutions are the places which give birth to new unique and innovative products and processes, that lay a solid foundation for the new business firms and enterprises that are to be created. Entrepreneurial and business studies at tertiary level have also become an important element of many programmes and syllabuses in private and public higher learning institutions. Meanwhile upcoming entrepreneurs can be found amongst those who are currently pursuing their educational studies at the universities and colleges, entrepreneurship studies has been implemented as one of the most effective ways to encourage the evolution of graduates into the world of entrepreneurship (Veciana et al., 2005). Given the growing importance of entrepreneurship in modern careers for university graduates, this study aims to assess the impact of entrepreneurship training on students at varsity level as a pathway to…show more content…
Even though many researchers have been unpredictable with their definitions or explanation of entrepreneurship, they often contain similar elements, such innovative, opportunity recognition, novelty, organizing, creating and risk taking. Entrepreneurship is not limited or restricted to any one specific industry, country or group of persons; it can be practised by anyone yet it depends on individual’s desire. According to Hisrich and Peters (2002) “Entrepreneurship is the process of creating something new and unique of high standard by dedicating the essential time and effort, with the purpose of accompanying financial, psychic, and social risks, and receiving the resulting rewards of financial breakthrough and personal satisfaction and independence”. While, Johnson (2001) suggests the accepted definition of the entrepreneurship and entrepreneurial role: A person who undertakes responsibility and ownership in making things happen; is open to and able to create unique products and ideas; who manage to conquer the risks attached to the process; and who has the determination to see through to some identified results, even when faced with problems and challenges. In the wide range; an entrepreneur may be defined or described as a person who has the ability to explore the environment, recognize opportunities to be implemented, gather necessary
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