role of entrepreneurship in economic development. nia
Post on 05-Feb-2016
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ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
1. INCREASING PER CAPITA OUTPUT AND INCOME
2. PRODUCT EVOLUTION IMPROVMENT OR CREATE
NEW PRODUCT, INNOVATIONS
ITERATIVE SYNTHESIS : INTERSECTION OF
KNOWLEDGE AND A RECOGNIZED SOCIAL NEED.
- ORDINARY INNOVATIOS
- TECHNOLOGICAL INNOVATIONS
- BREAKTHROUGH INNOVATIONS
3. CREATE NEW MARKET
4. JOB CREATION
5. SOCIETY WALFARE
Entrepreneur mindset: Effectuate, Cognitive Adaptability, Learning from Business Failure
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