what is the need of entrepreneurship development
Answers
Answer:
Entrepreneur development programmes help the entrepreneurs to enhance their organizing and managerial abilities so that they can run their enterprise efficiently and successfully. This is done through organizing educational,management,training and orientation programmes.
Entrepreneurship is important for a number of reasons, from promoting social change to driving innovation. Entrepreneurs are frequently thought of as national assets to be cultivated, motivated, and remunerated to the greatest possible extent. In fact, some of the most developed nations such as the United States are world leaders due to their forward-thinking innovation, research, and entrepreneurial individuals.
KEY TAKEAWAYS
Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses.
Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
Too much entrepreneurship (i.e., high self-employment) can be detrimental to economic development.
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