13 May M1 A2 (AC) Student Response
NEED STUDENT RESPONSE:
ORIGINAL ASSIGNMENT:
Assignment 2: Discussion—Entrepreneurs and the World of Business
In this assignment, you will discuss the role of entrepreneurship in improving the economic condition of countries and individuals and understand the manner in which this perception has spread around the world.
Tasks:
Entrepreneurship is being increasingly practiced in countries throughout the world. On the basis of this statement, answer the following questions:
- Why do you think entrepreneurship is growing around the world? Do you expect this trend to continue, or do you think entrepreneurship’s appeal will subside over time?
- What are the three primary reasons that lead people into becoming entrepreneurs?
- Which reason would better describe an eventual personal choice to become an entrepreneur?
Submission Details:
- By the due date assigned, in about 300 words, post your responses to this Discussion Area.
- Through the end of module, respond to at least two of your classmates’ posts who chose perspectives different from yours. While responding, address issues brought up in your classmates’ posts and compare them with yours.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
- Read your peers’ answers.
- Provide substantive comments by
- contributing new, relevant information from course readings, Web sites, or other sources;
- building on the remarks or questions of others; or
- sharing practical examples of key concepts from your professional or personal experiences
- Respond to feedback on your posting and provide feedback to other students on their ideas.
- Make sure your writing
- is clear, concise, and organized;
- demonstrates ethical scholarship in accurate representation and attribution of sources; and
- displays accurate spelling, grammar, and punctuation.
STUDENT RESPONSE:
Entrepreneurship practices are growing at an enormous rate on all levels, specifically speaking on an international level. Statistics verify that “2016’s startup success rate was recorded at its highest to date, when comparing a year-to-year global startup success rate for organizations” (Admin, 2017). This all have been made possible, because of the consistent rising of opportunities due to the endless opportunities to innovate, as well as, the growing development of modern digital technology. Gupta writes in an article in the Entrepreneur India, “With modern digital technology establishing constant innovation and change, a process had begun of exploiting and developing new technology to gain more power and assist in development across various sectors, industrial or otherwise” (2016). This entrepreneurship trend will forever continue, due to the following primary reasons: “Entrepreneurial Diversity, the Decreasing Costs of Startups and the Emphasis on Social Media” (admin, 2017).
“The Kauffman Foundation states more than 40% of new entrepreneurs are of minority races” (admin, 2017). With technology advancement, including the digital technology previously mentioned, access to prior unknown opportunities were available to other countries, potentially raising the “value of success”. Another primary reason that lead people into becoming entrepreneurs is the decreasing cost of startups. With the easy access resources, such as “the development and accessibility of cloud computing services, as well as the ease and affordability of creating a website.” And thirdly is social media. “More than 80% of all businesses around the world use various social media platforms to exchange information between users”. Social media is an effortless way to build and maintain networks anywhere in the world. Social Media gives a competitive advantage to companies that decide to make use of it verses the companies that do not.
But even with these three (3) primary reasons that leads people to invest in the practices of entrepreneurship, it ultimately narrows down to the financial opportunity and resources in today’s world. Decreasing Costs of Startups is a major factor when it comes to increasing the value of global success with a startup business.
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