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Role of Entrepreneurs in Business Innovation

   

Added on  2019-11-26

9 Pages2245 Words178 Views
Running head: MANAGEMENT AND BUSINESSManagement And BusinessName of the Student:Name of the University:Author’s Note:

2MANAGEMENT AND BUSINESS

3MANAGEMENT AND BUSINESSEntrepreneurship has become one of the major trends of the 21st scenario and given theproper time, money and opportunities anyone would like to start a business of their own. But it isalso a known fact to all that business is never a cake walk and it brings along with it severalopportunities and challenges Kuratko ( Hornsby & Hayton 2015). While starting a business, it ishighly essential to keep a thorough check on one’s capital, resources, and also the threats thatmight come up in future. Among the different lines of business, one handsome line is that offood and beverage start ups. Undertaking a business in this line is not only interesting but quiteinnovative as well.In today's modern world, life has become a rat race and one of the very important aspects ofhuman life today is a good service of the vehicles that is the transportation and communicationsystems. Innovation is largely needed in this sector in order to make it satisfy the consumerneeds and demands in a better way. Entrepreneurs play a major role in building the entire setupor the framework of the business and as the said business is a new one, the role of entrepreneursis even more important. The business outlet and the stores must be designed in such a way thatthe customers can be able to easily connect to this and vehicles are something that people needfor several purposes like travelling to their workplaces or going out with family on a longholiday trip, hence each and every outlet of this start up business must have cars of all shapes,sizes, and designs. In other words, the varieties of cars available must be such that it should copeup with the varying demands of the customers. Some must be large to accommodate around fiveto ten people so that the customers may use it for any family outings while other varieties of carsmight be small accommodating about four people or so that can be opted by customers who needthem to travel to their work places etc.

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