Modern Entrepreneurship Articles Review

Introduction

Modern entrepreneurship means working unconditionally and bring changes to the society and economy of the country for the good without any limits. Modern entrepreneurship is doing the old things with a new and innovative way with more efficiency and effectiveness and making life easy for the people in the society and surroundings. It is that surprising power that obliged our progress with various items, product, services, development, technology and creative thoughts. Modern Entrepreneurship is an essential quality of the business associations and the progress towards future business.

Article 1: Modern Entrepreneurship in a Changing Space-Economy

Comprehension

(NIJKAMP & STOUGH, 2002) says that entrepreneur has been a vital figure in economic life and thus in economic research. In the recent times there is a shift in the interest from macro- economics to micro economics. A solid enthusiasm for innovative conduct and procedure has been shown interest in the field of local advancement. This has called for balanced types of regional and urban approach at private and public sectors. The acknowledgement of entrepreneur for growth has initiated new researches. It was realised that geological example of entrepreneur activity is a nonstop condition of transition over time. Because of this many research subject have rose and entrepreneurship can also see the challenges of a system economy in which the entrepreneurial activity range is extended from nearby to worldwide markets.

Review

Business life in system economy is strongly affected by advancements in the Information and communication technology segment. It doesn’t just refer to physical equipment but also the organizing and hierarchical components of the network society. Thus receptivity, trust and entrepreneur society are ideas that should be addressed so that it can comprehend the elements of modern entrepreneurship. This doesn’t just apply to economic factors but also to rural and urban cities which give advancements to modern entrepreneurship, innovative business culture and new ways of life. However, access to Information and communication technology is not distributed equally and the new innovation is hardly adopted and there is need to focus on entrepreneurship and strategies from a traditional perspective.

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Article: Technology Entrepreneurship: Overview, Definition, and Distinctive Aspects

(Bailetti, 2012) talks about the modern entrepreneurship where he says that modern entrepreneurship lies at the core of numerous important discussions, including the launching and developing firms, financial improvement, choosing appropriate partners, specialists and researchers. The purpose of the article is to recognize the topics that tells about the modern entrepreneurship and distinguish its distinctive viewpoints with respect to financial aspects, business enterprise and the board. The author says that modern entrepreneurship is an investment that assembles and conveys particular people and heterogenous resources for making value for the organisation. Modern entrepreneurship is distinguished from other types as it is the collective experimentation and creation of new items, resources and their qualities which are identified with advances in logical and technological information.

Review: In the recent times modern entrepreneurship has become very important and seen as development, differentiation and competitive advantage in the organisation. The important aspects of modern entrepreneurship are the relationship between logical, innovative change and the choice and advancement of new combinations and resource traits. Conceptualization of innovative business as an interest in a venture and the links of sustainable competitive advantage.

Article: Modern Agricultural Entrepreneurship

(Lauwere, Entingb, & Vermeulenc, 2002) found that there were intense changes in Dutch agricultural entrepreneurship. The purpose of the paper is to give insight about Dutch modern entrepreneurship. The point of the exploration is to give knowledge into the changes adopted by Dutch agricultural entrepreneurs. The paper is focussed on the individual qualities of entrepreneurs on the various methodologies they use to manage the extreme changes in agribusiness, the utilization of the information and innovativeness. Likewise, administrative tasks of entrepreneurs will be examined just as the extent to different farmers focussed on items or product, forms, framework chain and society since this gives an impression of the phases of development of farms. Some results are exhibited in the paper to outline how a farm feature such as method of cultivating, natural factor such as location and individual characteristics like age can influence entrepreneurship. Another finding was that natural farmers showed up as more social and less development focussed than non-organic ones.

Review: Consumers have become aware of the unethical practices carried to improve products and so customer demand and legislation are getting stricter which in turn forced entrepreneurs to carry out process in a more ethical way. Other challenges that are faced by modern entrepreneurs are expanding rivalry because of open exchange, the need to upgrade and integrate and contracts which have made the process very complex.

Article: Development of Modern Entrepreneurship: Competition and Cooperation

(Bogomolova & Selezneva, 2017) The motivation behind the article is to build the ideal model of development of modern entrepreneurship in Russia from the perspective of the procedures of rivalry and collaboration. The establishment of the methodology of this research is the technique for situation analysis which is performed with the assistance of the devices of the Theory of games. The author offers different market structure in the economy with regards to the foundation of processes of rivalry and collaboration. The modern phase of improvement of the worldwide economy could be described as transitional, old model of market is considered insufficient and new model is being chosen. In these conditions, an issue of choosing the model of advancement of entrepreneurship shows up. Worldwide competition which was seen as general device for market incitement of business movement and high adequacy of monetary subjects, prompts removing the household business from inner markets and slow restraining infrastructure of the worldwide financial framework.

Review: The sectorial structure of Russia’s economy demonstrated that the structure is ideal in the industry sphere. This clarifies the industry direction of Russia’s current economy in spite of the administrations measures for its post-industrialization. In other parts of the Russia’s economy, sectorial structures don’t have strategic priorities for their development which in turn results in low effectiveness of the national economy.

Article: What It Takes to Be a Modern Entrepreneur

(Gil, 2019) The article talks about how previously being an entrepreneur meant to structure a brand where the product and service was in centre. But today a modern entrepreneur means doing something completely different of your own class where you make yourself the core of the brand and show how you stand apart because of the huge corporate world and opportunities. As a modern entrepreneur we should give enough chances and take risks and look out for any opportunities. Entrepreneurship is about doing something which you are passionate about. Modern entrepreneur requires exploring through the competitive corporate world which requires steadiness verging on the edge of hassling others to look at what we bring to the table. In case you are not enthusiastic about what you are doing then you are bound to stop. And if you are enthusiastic and understands customers and believe in your idea or product then sooner is the chances of yours to succeed.

Review: Even though you might think you have the correct character or attitude and energy to prevail as an entrepreneur, you should not be affected much by the failures or setback. The principles of the game changes rapidly as what worked yesterday may not be a component on a stage tomorrow. However, if determined in connecting and adapting the strategies to perceive what works then there are chances of getting through.

Conclusion

An individual need to learn and improve its enterprising skills so as to rise as an effective and successful modern entrepreneur. A modern entrepreneur should be risk taker, opportunity grabber, confidant and ready to face any challenges and provide solutions to problem. Modern entrepreneurship is to do things differently with a new idea to enhance the previous idea or product with a new or innovative way to fulfil the needs the of the people.

References

• Bailetti, T. (2012). Technology Entrepreneurship: Overview, Definition, and Distinctive Aspects. Technology Innovation Management Review, 512.
• Bogomolova, E. V., & Selezneva, L. Y. (2017). Development of Modern Entrepreneurship: Competition and Cooperation. European Research Studies Journal, 539-547.
• Gil, C. (2019). What It Takes to Be a Modern Entrepreneur. Entrepreneur.
• Lauwere, C. K.-d., Entingb, I., & Vermeulenc, P. (2002). MODERN AGRICULTURAL ENTREPRENEURSHIP. Proquest.
• NIJKAMP, P., & STOUGH, R. (2002). Modern Entrepreneurship in a Changing Space-Economy. GROWTH AND CHANGE, 169-172.