It has now been fully recognized all over the word that entrepreneurship is the critical input for the economic development.
Entrepreneurship
It has now been fully recognized
all over the word that entrepreneurship is the critical input for the economic
development. Entrepreneurs are the people who identify new opportunities and
exploit them. In the process, they contribute immensely for the growth of any
nation by providing goods and services. Basically, entrepreneur sees a need and
then brings together the manpower, materials, and capital required to meet that
need. It involves the shifting of resources from ‘low productivity’ areas to ‘high
productivity’ areas. Needless to say that in the absence of
entrepreneurship, which acts as a catalyst agent, resources would remain simply
unexploited and noting worthwhile happens in any economic system.
Tags : Management Concepts & Organisational Behaviour - Creativity And Innovation
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