Bill Gates and Entrepreneurship: The Impact of his Ventures on the Global Economy

Running head: BILL GATES AND ENTREPRENEURSHIP
Bill Gates and Entrepreneurship
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1BILL GATES AND ENTREPRENEURSHIP
Table of Contents
Entrepreneurs and their contribution towards the creation of a strong economy (604 words). .2
Difficult Decision made by Bill Gates (450 words)...................................................................3
Ethical challenge faced by Bill Gates (487 words)....................................................................5
Legal Dispute faced by Bill Gates (452 words).........................................................................6
References..................................................................................................................................8

2BILL GATES AND ENTREPRENEURSHIP
Entrepreneurs and their contribution towards the creation of a strong economy (604
words)
According to Brinckmann and Kim (2015), entrepreneurship is the process through
which entrepreneurs create new business ventures and also formulate the blue print for the
effective management of the same. On the other hand, Kyndt and Baert (2015) have
articulated the viewpoint that in the majority of the cases it is seen that the business ventures
or the business ideas developed by the entrepreneurs are not radically new ones rather they
are the usage of the older business ideas in the a newer form .On the basis of this, it can be
said that one of the most important character traits of the entrepreneurs is to identify the
business opportunities presented by the current business market (Kickul and Lyons 2016).
The growth of economy has been initiated by the global business. In this regard, the
global underprepares have been continuously supporting exchange of ideas and wealth from
country to country so that the developing nationals along with the developed ones can grow
simultaneously (Li and Zhu 2018). Furthermore, the business ventures which the
entrepreneurs establish through the identification of the business opportunities contribute a
significant amount of capital towards the world economy. In this regard, it needs to be said
that a significant amount of capital which is being generated by these business ventures goes
to the national governments as tax money and other kinds of subsidiaries. The net revenue
generated by the organization Microsoft, the entrepreneurial venture of Bill Gates, for the
year 2018 was US$110.36 billion (Microsoft.com 2019). It is pertinent to note that a
substantial amount of this capital went to the national government of USA and also of the 170
different nations in which the concerned organization is operational as tax money, tariff
charges, import and export charges and others (Microsoft.com 2019).

3BILL GATES AND ENTREPRENEURSHIP
The Taxes paid by the various organizations to the national governments is being
utilized by them for undertaking different kinds of developmental projects (Schivardi and
Michelacci 2017). In addition to this, it is also seen that this capital is being invested by the
national governments for the further development of the trade as well as commerce of the
concerned nations. Furthermore, this had boosted the GDP and the national economy of USA
is a significant manner and in addition to these it is there are many organizations like the ones
related to computer parts services, software related products and others are dependent on the
business of the concerned organization (Romero 2016). More importantly, the economic
contribution made by Gates towards US’s economy had helped the nation under discussion
here to overcome the adverse effects of the financial crisis which it faced in 2007-2008
(Mishra and Zachary 2015).
Apart from the revenue contribution to grow the economy, the global entrepreneurs
also help in addressing the problem of unemployment as well (Aulet et al. 2018). As opined
by Yoffie and Cusumano (2015), one of the biggest problems that the world is facing
currently and which is taking a toll on its economy is the problem of unemployment.
However, the entrepreneurs through the business operations of their business ventures create
various job opportunities for the unemployed people. In this regard, it can be said that the
business venture that Gates established, namely, Microsoft currently offers employment to
more than 135,000 people from the different parts of the world in addition to various
internship programs that the organization offers (Microsoft.com 2019). This is perhaps one of
the major reasons for the low unemployment rate of USA (4%) which in comparison with the
unemployment rates of the other first world nations like France (9.1%), UK (4.3%) and
others is significantly low (Duchek 2018).