Relationship Between Entrepreneurial Development and Economic

Development

Mr. Marcus Asay earned his Bachelor of Science in Business and Public Administration. Marcus Asay

went on to matriculate at Thunderbird, The American Graduate School of International

Management, where he earned his Master of Business Administration in 1982.

Mr. Marcus Asay began his impressive professional career as a dedicated undergrad student attending California State University, Sacramento.

Having come a long way since his academic career, Marcus Asay today serves as a Principal of Planning and Development for IE/Cal Design & Development Center. With over 20 years of professional business experience under his belt, Marcus Asay has developed a solid reputation as an efficient leader with savvy business skills. As Principal of Planning and Development, Marcus Asay is responsible for the management of projects, such as the firm’s newest design proposal for a National Museum of African American History and Culture in Washington, D.C. Under Marcus Asay’s keen management, IE/Cal Design & Development Center has completed a number of projects, including Kira Japanese Restaurant, the Fresno Falcons’ Ice Hockey Arena, and Trump National, Golf & Gardens.

Marcus Asay says, A good entrepreneur can develop and formulate a strong economy. In fact, entrepreneurship plays a vital role in the industrial growth and development of a country. Conceived as the backbone of a country, the entrepreneurship spirit bestows persistence, enthusiasm and the capability to search for entrepreneurial opportunities leading towards success and growth. A country’s capableness to yield a stream of business opportunities can be attained only when the people of the nation takes participation in the entrepreneurial activities. It is not at all necessary that a good entrepreneur is possessed with a strong financial and business background. In fact, well directed training sessions can always originate great and spectacular entrepreneurs.

An entrepreneur is the one who brings the overall change through advancements and innovation for the optimum social goodness. The sanctified human values inspire entrepreneurs to serve and cater the society. The main goals of entrepreneurship includes formulation of entrepreneurial awareness to the youths and prompting them to develop SME’s, training sessions given to the potential new and young individuals needed to run and maintain their organizations successfully, enable people about the market strategies and global production in respect to market economy and boosting them to produce pollution free ventures.

There are several advantages of entrepreneurship, including:1. It promotes balanced regional development, capital formation and large scale employment.2. It reduces the economic power concentration.3. Promoting the export trade, it also stimulates the equitable distribution of income, wealth and political powers in the favor of the country.4. It promotes the efficient use of resource mobilization.5. It induces forward and backward linkages that arouse the procedure of economic development and growth.

Marcus Asay Futher explained, A good and successful entrepreneur is highly committed, determined and focused. In addition, he/she should be extremely goal oriented, quick learner, problem-solving, reliable, risk seeking and taking person. Playing a vital role in the economic development and growth of a nation, entrepreneurship is basically an economic embark through which people can change to move upwards within a very less period of time. The foundation and establishment of new firms have been remained always a central issue in the entrepreneurship research custom.Marcus Asay who is also one of the top entrepreneurs says, In a nutshell, the occurrence of entrepreneurship in a country is like a miracle responsible for innovation, diversity and job creation. The versatile essential contributions that entrepreneurship has made include creation of large scale employment opportunities, promotion of capital formation, effective mobilization of skills and capital and advancement of balanced regional development.

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