Student Entrepreneurship Assignment Example | Topics and Well Written Essays - 5000 words

Student Entrepreneurship - Assignment Example The assignment "Student Entrepreneurship" tries to determine various factors that are responsible for deterring or motivating the students from becoming an entrepreneur. Past researchers reveal significant statistics, where one in four working Americans is expected to be self-employed. But the real matter of concern for the growth of the economy is a self-dependency of youth who brim with fresh ideas and innovative thoughts for establishing new businesses and being recognized as successful entrepreneurs in the near future. This study aims to identify and analyze the preference youth holds for visualizing himself as a future employer or a competent employee. Entrepreneurship is about taking risks; hence it clearly depicts the true nature, behavior, and characteristic of an individual. Uncertainty and ambiguity clouds a business, thus the risk pervasiveness or evasiveness trait can also be evaluated. Our current study would certainly facilitate in comprehending the above areas of concern. Entrepreneurship is the act through which systematic and organized knowledge, experience, skills and other related attributes could be well applied for establishing a creative idea and transforming it into a well-planned course of action. Entrepreneur, on the other hand, is the person who initiates entrepreneurship. He is the one who creates abundant job opportunities, facilitates wealth creation, applies modern and innovative tools and techniques and gives a valuable contribution towards the advancement of economic growth.... LITERATURE REVIEW ‘Entrepreneurship is the act through which systematic and organized knowledge, experience, skills and other related attributes could be well applied for establishing a creative idea and transforming it into a well planned course of action. Entrepreneur on the other hand is the person who initiates entrepreneurship (Cooper, C A & Dunkelberg W. C., 1987). He is the one who creates abundant job opportunities, facilitates wealth creation, applies modern and innovative tools and techniques and gives a valuable contribution towards advancement of economic growth (Schumpeter, J. A. (2000). In words of Amar Bhide, there is no perfect description of an entrepreneur. He can be a dynamic personality or a gregarious one (Scherer, R. F., Brodzinski, J. D., & Wiebe, F. A, 1991). He can possess analytical skills or intuitive. Entrepreneur may be risk averter or risk taker (Gartner, W. B, 1988). Past researches have also been conducted to explore (Gallaway, J. H & Bernasek A, 2002) influence on entrepreneurship. It has been observed that different reasons are responsible for motivating individuals for the same. For females, independence and sense of achievement are the driving factors while for male family businesses were considered as the top most factor for motivating individuals to opt for entrepreneurship. The past researcher’s have stated that there is a lot of difference between the way the business is actually conducted and the manner in which it is comprehended by the people at large (Shane, S., & Venkataraman, S, 2000). Greg Watson in his findings has revealed that businesses are driven by corporate business ethics which is defined distinctly by different individuals. Statistics display that US