Concepts of Entrepreneur & Entrepreneurship In general, one can define startup as a business that has recently set up and has a comparitively faster rate of growth. The reason to faster growth rate is the goal to successfully meet the requirements of a market. This is possible by the development of a product or a service business model capable of catering to the market needs. Government of India defines startup as ,“an entity, incorporated or registered in India not prior to seven years (for biotechnology
Entrepreneurship education is said to be a globally acknowledged programme of study which seeks to provide learners with the knowledge, skills and motivation to encourage entrepreneurial success in different levels of education (Koko & Ikpesu, 2009). It is the training of individuals to understand and develop key entrepreneurial attributes, skills and behaviours. Skills such as creativity, innovativeness, quick decision-making and risk-taking have being identified as relevant to those who have an
& Nee, 1996). Second, the family provides the entrepreneur with a diverse set of resources (Dyer & Handler, 1994; Sirmon & Hitt, 2003), which have the ability to impact the individual entrepreneur as well as the family business. Research in entrepreneurship has shown that self-employed family members pass on their resources such as knowledge, financial capital, and access to markets, suppliers or certain technologies to other family members. (Dum & Holtz-Eakin, 2000; Dyer & Handler,
by invisible hand of the pricing mechanism in a way that may suit the best interests of society (Scott 2006). Reisman (1998) describes Capitalism as “a social system based on private ownership of the means of production. It is characterized by the pursuit of material self-interest under freedom and it rests on a foundation of the cultural influence of reason. Based on its foundations and essential nature, capitalism is further characterized
be paramount in our economic system. Capitalism is defined as, “An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state,” meaning that entrepreneurs are offering goods and services at the expense of their own well-being. As stated by Milton Friedman, Henry Ford did not revolutionize the automobile industry
Introduction An academic revolution has taken place in higher education in the past half century marked by unprecedented transformations in scope and diversity. Current higher education has to respond to current challenges. This has to do with responding to mass demand in enrollment which has driven many of the key transformations in most universities, colleges and other tertiary institutions in the past decade. According to the CISCO Report (2010) on trends in higher education, there are more than
and RE-ALIGNING THE MARINDUQUE STATE COLLEGE EXTENSION SERVICES TOWARDS THE ROAD TO ASEAN COMMUNITY” ANA FE N. MOLATO, CoE, MPA ACKNOWLEDGEMENT Foremost, I would like to thank Jesus Christ, our Lord and Savior, for giving the good health, wisdom, strength, support and knowledge in exploring things so I can finish this endeavor. The completion of this Re-Entry Action Plan (REAP) on the extension Agenda of Marinduque State College will not be realized without the unconditional