Entrepreneurship plays a vital role in boosting the economy
in modern world,
entrepreneurship connects the whole world and now
businesses can be virtually
developed, Facebook, Watsapp, skype, Amazon, ebay, Tesla,
Telecommunications, Artificial intelligence and crypto
currency are some examples
of modern businesses which are developed by entrepreneurial
function. Such as
a) by discovering, analysing and exploiting new business
b) by brings a new solution to old human problems.
Entrepreneurship involves in all organizations irrespective
of size, or age. Its
significance for the economy can be seen as a matter of
interest for the economic
and academic bodies.
The study of entrepreneurship leads us to attempt to answer
a series of questions
such as: What happens when entrepreneurs act? Why do they
act? and How do they
act? (Stevenson and Jarillo, 1990). Why, when and how do
opportunities for the
creation of goods and services come into existence? Why,
when and how do some
people and not others discover and exploit these
opportunities? And finally, why,
when and how are different modes of action used to exploit
opportunities? (Shane and Venkataraman, 2000).
All the above traits when
combine together produce an Entrepreneur and leads to
the successful businesses.
The change is inevitable in
modern world. The entire world is becoming a global
village due to fast growing
communication technology. The globalization of industry
and e-commerce is bringing new
business ideas in many aspects of life.
There are so many modern businesses developed due to the
changing world environment like Microsoft, Apple, Alibaba,
Tesla, Amazon, ebay,
Telecommunicaiton, Facebook, Whatsapp, Skype etc.
All these businesses
has change the entire idea of selling and buying, connectivity,
mobility and it emerge as a
tremendous innovation of human being. All this couldn’t
happen without Entrepreneurship.
Steve jobs, Chairman and CEO
of Apple Inc, has failed many times in his life, he is a
college dropout, failed tech
executive, a failed business man but only due to his
tremendous entrepreneurship capabilities
he succeeded in innovating a tremendous
didn’t see it then, but it turned out that getting fired from Apple was the
that could have ever happened to me. The
heaviness of being successful was
by the lightness of being a beginner again, less sure about everything. It
me to enter one of the most creative periods of my life,” Jobs said in the
Entrepreneurs keep changing
their targets as their traits evolved and recognised.
Like Elon Musk, Founder of
Tesla, he started from Zip2 then Paypal, space X, Tesla
and now many other companies.
It suggest that Entrepreneur keep changing his
vision and go ahead one after
Amazon, ebay and Alibaba changed
the concept of buying and selling by using e-
commerce. The entire world now
connected with each other and can trade easily on-
line. This is the opportunity
Entrepreneur got and develop their businesses and give
world new concept of trade.