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Entreprenurship Definition Essay

explanatory Essay
1560 words
1560 words
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Women are weighing the importance of economic contribution they make to the household. The actual count of economically active married women is much more than aggregate level data would indicate.
The great change had taken place when the machines were brought into use. Women were employed in factories.

1.4 Meaning and definitions of entrepreneurship
There were different definitions given by different authors tried. Some of the definitions are given below.

According to Ponstadt (1998)
Entrepreneurship is the dynamic process of creating incremental wealth. This wealth is created by individuals who assume the major risks in terms of equity, time and/or career commitments of providing values for some product or service. The product or service may/may not be new or unique but value must be infused by the entrepreneur by securing and allocating the necessary skills and resources.

Furthermore, Timmons (1989) defined it in such a way that:
Entrepreneurship is the process of creating and building something of value from practically nothing. That is, it is the process of creating or seizing an opportunity and pursuing it regardless of the resources currently controlled. It involves the definition, creation and distribution of values and benefits to individuals, groups, organizations and society. Entrepreneurship is very rarely a get rich-quick proposition (not short term); rather it is one of building long term value and durable cash flow streams.

1.5 Women Entrepreneurship

Women’s productive activities especially in industry empower them economically and motivate them to contribute to overall development of economy. Whether they are working in formal or informal sector or in small or med...

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...ethod

The target people of this study was very small, small and medium-sized women-owned businesses in NCR. A convenient sample was used, to identify women-owned businesses to participate in this study. To create a list of women-owned businesses, well-known women-owned businesses in these regions were contacted. These women informed and identified other potential women-owned businesses to include in the sample. The women-owned businesses were then contacted to participate in the study. A list of 30 women-owned businesses willing to participate in the study in the NCR was compiled as a result of these efforts.

Data collection

Questionnaires were delivered by hand to the women-owned businesses listed on the database.

Primary data-

Collected from personal interviews and the questionnaires

Secondary data-

Collected from
Various newspapers
Journals
Magazines

In this essay, the author

  • Explains that there were different definitions given by different authors tried. some of them are given below.
  • Explains that entrepreneurship is the dynamic process of creating incremental wealth by individuals who assume the major risks in terms of equity, time and/or career commitments of providing values for some product or service.
  • Explains that entrepreneurship is the process of creating and building something of value from practically nothing. it involves the definition, creation and distribution of values and benefits to individuals, groups, organizations and society.
  • Explains that women entrepreneurs have grown across the world over the last decade and the rural economies have been affected the most. however, this does not mean that the problems are solved.
  • Explains that access to finance is the major issue faced by women entrepreneurs. women face lesser opportunities than males to gain credit for various reasons.
  • Opines that knowledge and contacts are needed to enter into new market. women have less training and experience to participate in the market place and are therefore unable to market goods and services simultaneously.
  • Explains that women have very limited access to vocational and technical training and education, and the skills can only be developed if they have strong elementary and secondary education.
  • Explains that women have less contacts in business, less knowledge of dealing with government officials, and less power to bargain, which limit their growth. most networks are male dominated and at times do not welcome women.
  • Explains that women's lack of access to information limits their input into policymaking. large companies and male dominating nature can influence policy.
  • Explains the main objective of the study is to study women entrepreneurship in ncr and make comparative analysis of entrepreneurs of two industries and practical recommendations to stimulate the growth and success of women entrepreneurs.
  • Explains the study of women entrepreneurship in ncr based on a structured questionnaire in two industries ( textile and cosmetic).
  • Explains that the research is descriptive in nature. the secondary data is collected from past researches.
  • Explains that questionnaires were used to gather data regarding the biographical information of the participating women entrepreneurs, the structure of their businesses, motivational factors for starting their business, obstacles that they are currently experiencing, and their support and development needs.
  • Explains that a convenient sample was used to identify women-owned businesses to participate in the study.
  • Explains that women are weighing the importance of economic contribution they make to the household. the actual count of economically active married women is much more than aggregate level data would indicate.
  • Opines that women's productive activities in industry empower them economically and motivate them to contribute to overall development of economy.
  • Explains that some news articles are based on published research, either in terms of the statistics that are used or the nature of women entrepreneurs and the types of business.
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