BASICS OF IMPORTANCE OF ENTREPRENEURSHIP
The escalating population and economic scenario in the era of Globalization raise many issues like unemployment, poverty, and anti-social elements in the society. To overcome these problems we have to understand the Importance of Entrepreneurship
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If human resource is productively utilized, many problems can be solved
Importance of Entrepreneurship
It is well known that providing jobs to the unemployed is becoming a crucial task. However, it does open the door for Self-Employment.
To execute the tasks of self-employment, the Entrepreneur puts innovations and inventions into business ventures.
Entrepreneurship projects the inward and outward qualities of an Entrepreneur.
CHARACTERISTICS OF SOUND ENTREPRENEURS PROJECT, THE IMPORTANCE OF ENTREPRENEURSHIP
- Entrepreneurship is an area of initiative for those who are not afraid to seize opportunities. Such people pursue opportunities and turn them into entrepreneurial success. There are many possibilities that new entrepreneurs can make a mark in the world.
- Most successful businesses trace their roots to the innovative vision of Entrepreneurs. Aspiring Entrepreneurs take calculated risks and turn them into successful enterprises.
- An attitude of Entrepreneurship offers a path of higher self-respect to an Entrepreneur.
- Most successful businesses trace their roots to the innovative vision of Entrepreneurs. Aspiring Entrepreneurs take calculated risks and turn them into successful enterprises.
GLOBALIZATION DEFINITION(ग्लोबलाइजेशन क्या होता है)
- Globalization is a process of development of the world into a single integrated economic unit.
- The term Globalization is considered from different angles. Different perceptions reflect the different dimensions of Globalization. These are, Economic, Sociological, Corporate, etc.
- Entrepreneurship is mostly concerned with Economic Changes due to Globalization.
- Economic Globalization can be categorized into the following four factors:
- Export and Import of Goods and Services as a proportion of national income.
Inward and Outward migration of Labor/Professions, weighted by population.
Inward and Outward Capital Investment as a proportional of National Income.
- Acceptance of Technological Inventions by the Entrepreneurs.
GLOBALIZATION IS A BOON OR BANE(ग्लोबलाइजेशन के बारे में)
Sound Knowledge of Globalization of the particular sector projects its effect on the Entrepreneurship in that Particular Sector.
The following are the Advantages and Disadvantages of Globalization:
ADVANTAGES(ग्लोबलाइजेशन के लाभ):
- Increase in free trade between nations.
- The increased liquidity of capital allows investors from developed countries to invest in developing countries.
- Corporations become more flexible to operate across boundaries.
- Global mass media ties together.
- The increased flow of communications allows vital information to be shared between individuals and corporations around the world.
- Greater ease and speed for transportation of goods and services and manpower
- Reduction in culture barriers increases the Global Village effect.
- Greater independence of Nation’s State.
- Reduction in likelihood of war between nations.
DISADVANTAGES(ग्लोबलाइजेशन के नुकसान):
- The increased flow of skilled and non-skilled labour from developing to developed nations, because Corporations seek cheaper labour.
- Increased likelihood of economic disruptions in one nation, affecting all nations.
- The effect of individual social services/Social Organizations gets suppressed due to Corporations’ influence on the Nation’s States.
- An increase in the threat controlled by World Media by a handful of corporations will limit cultural expression.
- Preserving cultural heritage will be difficult due to the change of expressions in Globalization.
- Greater risks of transfer of many diseases.
- The spread of a materialistic lifestyle and attitude that sees consumption as a path to prosperity.
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