Critical Analysis of Entrepreneurship | Report

Critical Analysis of Entrepreneurship

Introduction
Entrepreneurship is now intensely practiced and researching over it has become important as it is
related to the core development of the nation and now has become a global phenomenon. The
purpose to analyze this topic is to understand how entrepreneurship adds to the economic value.
The statement does not have a clear answer; until it is supported by evidences that go on throw
light on productivity, growth, employments and also innovation. These are also the pillars of a
successful entrepreneurial set up.
Discussion
If one is an entrepreneur then it is important that the person is engaged in creating vision and also
actively engaged in linking that vision to other people by means of hiring which can also be
termed as stakeholders.
With the help more entrepreneurial activities, there is creation of job. When an organization is
established, the capital varies. Some are micro sized while some are medium and small sized.
Then, there are also large sized businesses. There is always employment that takes place. The
employment may range from permanent to temporary or contractual, but the fact cannot be
denied that it is generating employments which cannot be recorded as a negative point (Navarro,
& Jiménez 2016).
While the exploitation of the resources has become an important issue, the entrepreneurship has
enabled the optimum utilization of the resources. The resources are optimally utilized with the
help of entrepreneurs having innovative ideas. Ideas and a proper market analysis is the base to
start a venture. By creating value for the product, entrepreneurship adds value to the firm or the
company that again leads the investors to invest in the company which enhances the size of
operation thereby creating more space in the organization leading to more employment
opportunities (Desai 2017).
Entrepreneurship is making new products possible as the entrepreneurs are engaged in
conceiving ideas and giving it the shape of the product. Then this product is carefully placed
amongst the consumers using different marketing strategies (Desai 2017).