The value of entrepreneurship upon today's society in the modern world is paramount to the success and pioneering of business tomorrow for global economies this paper evaluates the definition and role of an entrepreneur in society, their challenges faced in affliction upon operations. However, it has a more critical role for economies of developing countries since entrepreneurship is seen as an engine of economic progress, job creation and social adjustment thus, small business growth or new business formation is widely encouraged by national economic policies to stimulate economic growth and wealth creation.
The roles of entrepreneurs in the society introduction entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.
Thesishelpers - a company delivering excellent papers entrepreneurship in most cases, the person or party behind the business venture works to present something new to a prospective market. To understand the role of motivation in entrepreneurship it is important to understand the relationship between opportunity and the level of motivation for, creating a particular product or service may be done by anyone with similar levels of technical competence and necessary financial and operational resources.
Ï both managers and entrepreneurs are concerned with business growth an entrepreneur begins with the idea of the business from its inception and its potential for growth in the long run an analysis of the market and available resources in relation to the original idea plays a primary role in his business decisions.
Although many small-business owners possess the same drive, creative energy, and desire to become big-business owners, others may be content to operate a business that provides a comfortable living by contrast, a typical entrepreneur is a risk taker who tries to make the business grow. 11 motivation and entrepreneurship the topic of motivation in the entrepreneurship can be addressed from an organizational psychological perspective campbell et al have developed a framework, which has identified the theories of motivation to progress from static, content-oriented theories to dynamic process-oriented ones.