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Entrepreneurial Innovation and Economic Development: Historical and Modern Perspectives

Year: 2024

Type: article

Abstract: Entrepreneurship, a cornerstone of economic development and innovation, involves identifying and exploiting opportunities through new ventures. This paper delves into the evolution of entrepreneurship, its components, processes, and various forms, while also discussing strategies for entrepreneurial success. From historical perspectives provided by Cantillon, Say, and Schumpeter to modern concepts such as social and biosphere entrepreneurship, the paper offers a holistic view. It also highlights the importance of an enabling ecosystem comprising government support, educational institutions, and financial entities, emphasizing the need for effective risk management and strategic planning.

Source: International Journal For Multidisciplinary Research

DOI: 10.36948/ijfmr.2024.v06i05.28120

Authors: Mr. S. Shanthi Kumar -, Dr. M. Anjaneyulu IDAS -

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4403170515

FWCI:

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