This book focuses on the dynamic interplay between entrepreneurship and economic development. It introduces the foundational concepts of entrepreneurship, guiding readers on how to identify viable opportunities and transform ideas into successful ventures. By emphasizing the importance of careful planning and strategic execution, it highlights the key factors that contribute to entrepreneurial success and long-term sustainability.
The discussion extends to examining the role of entrepreneurship in driving economic growth and development. It explores how entrepreneurial initiatives can contribute to innovation, increase productivity and improve living standards. Additionally, the book analyses the various initiatives taken by governments to promote entrepreneurship, fostering an environment where individuals and businesses can thrive. One of the core themes of this book is addressing the challenges entrepreneurs face in developing economies. By providing insights and examples, the book offers practical approaches for overcoming these obstacles, equipping readers with tools to succeed despite adversity.
This book aims to inspire aspiring entrepreneurs, policymakers and educators to better understand the potential of entrepreneurship as a catalyst for economic and social change. Through a blend of theoretical concepts and real-world examples, it provides valuable insights into building a sustainable entrepreneurial ecosystem that fosters innovation, growth and resilience.
Contents –
1. Foundations of Entrepreneurship and Economic Development
1.0 Introduction to Entrepreneurship and Economic Development
1.1 Concept of Entrepreneurship
1.1.1 Types of Entrepreneurship
1.1.2 Characteristics of Entrepreneurship
1.2 Evolution of Concept ‘Entrepreneur’
1.3 Role of Entrepreneurship in Economic Development
1.4 Importance of Small Business in Economic Development Entrepreneurial Mindset and Skills
1.4.1 Developing an Entrepreneurial Mindset
1.5 Key Sills for Successful Entrepreneurs
1.6 Creativity and Innovation in Entrepreneurship
1.6.1 Case Study: Airbnb – Transforming the Hospitality Industry with Creativity and Innovation
1.7 Risk-Taking and Decision-Making in Entrepreneurial Ventures
1.8 Identifying Opportunities and Start-up Concepts
1.8.1 Recognizing Market Gaps and Needs
1.8.2 Understanding Market Gaps
1.9 Market Research and Opportunity Assessment
1.10 Technology and Entrepreneurial Opportunities
1.11 Conceptualizing and Developing a Startup Idea
1.12 Business Planning and Model Development
1.13 Strategic Management for Entrepreneurs
1.14 Financing Entrepreneurial Ventures
1.14.1 Sources and Strategies for Financing Entrepreneurial Ventures
1.14.2 Legal Structures for Entrepreneurial Ventures
1.14.3 Start-up Launch and Early Operations
1.14.4 Execution and Implementation of Start-up Plans
1.14.5 Building and Leading Start-up Teams
1.14.6 Marketing and Sales for Start-ups Scaling Up: Challenges and Strategies
1.15 Questions for Practice
2. Economic Development Through Entrepreneurship and Advanced Start-up Concepts
2.0 Introduction
2.1 Entrepreneurship and Economic Growth
2.1.1 The Role of Entrepreneurship in Economic Development
2.1.2 Impact of Entrepreneurship on GDP and Employment
2.1.3 Small and Medium Enterprises (SMEs) in Economic Development
2.1.4 Global Perspectives on Entrepreneurship and Economic Growth
2.1.5 Government Policies, Support, and Funding for Start-ups
2.2 Government Initiatives to Promote Entrepreneurship
2.2.1 Access to Finance for Entrepreneurs
2.2.2 Incubators, Accelerators, and Innovation Hubs
2.2.3 Case Studies of Successful Government Entrepreneurship Policies
2.2.4 Challenges, Trends, and Future Directions to Promote Entrepreneurship
2.3 Challenges Faced by Entrepreneurs in Developing Economies
2.3.1 Gender and Entrepreneurship Challenges in Developing Economies
2.3.2 Emerging Trends in Entrepreneurship
2.3.2.1 Case Study: AMUL Cooperative Model of Social Entrepreneurship
2.3.2.2 Case Study: Grameen Bank in Social Entrepreneurship
2.3.3 Entrepreneurship and Sustainable Development Goals (SDGs)
2.3.3.1 Case Study: Tesla’s Contribution to Achieving Sustainable Development Goals (SDGs)
2.3.3.2 Challenges and Opportunities for Entrepreneurs in Achieving the SDGs
2.3.4 Advanced Start-up Concepts: AI, EdTech Start-up, e-Commerce Start-up, Telehealth
2.3.5 Reflections on the Entrepreneurial Journey
2.4 Questions for Practice
