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What Impact Do Entrepreneurs Have on Society? A Deep Dive into Societal Transformation
Introduction:
Ever wondered about the unseen forces shaping our world? Beyond governments and established corporations, a powerful engine of progress hums quietly: entrepreneurship. This isn't just about launching a successful business; it's about creating ripples of change that impact every facet of society. This in-depth exploration delves into the multifaceted impact of entrepreneurs, examining how their innovations, risks, and relentless drive reshape our economic landscape, social structures, and even our cultural norms. We'll explore both the positive and negative aspects, presenting a balanced and nuanced perspective on this vital societal force. Get ready to uncover the profound ways entrepreneurs are transforming the world around us.
1. Economic Growth and Job Creation: The Engine of Prosperity
Entrepreneurs are the undisputed champions of economic growth. Their ventures, from small startups to burgeoning corporations, inject dynamism into stagnant markets. They create jobs – not just the highly visible roles within their companies, but also indirect employment opportunities in supporting industries. This ripple effect stimulates economic activity, leading to increased tax revenue, improved infrastructure, and a general rise in living standards. Moreover, entrepreneurs often lead the way in discovering and exploiting new market niches, creating entirely new industries and opening doors to unforeseen opportunities. This process of creative destruction, while sometimes disruptive, is essential for long-term economic health and progress. The constant innovation pushed by entrepreneurs ensures economies stay flexible and adaptable in the face of global changes.
2. Innovation and Technological Advancement: Shaping the Future
Entrepreneurs are the pioneers of innovation. Driven by a vision to improve existing products or services or create entirely new ones, they push the boundaries of technological possibilities. From the invention of the internet to the development of life-saving medical technologies, countless advancements can be directly attributed to entrepreneurial ingenuity. This isn't limited to high-tech fields; entrepreneurs also drive innovation in sectors like agriculture, manufacturing, and education, leading to increased efficiency, improved quality of life, and sustainable practices. Their willingness to take risks and experiment with novel approaches is essential for societal advancement and progress.
3. Social Impact and Addressing Societal Challenges: Entrepreneurs as Change Agents
Increasingly, entrepreneurs are recognizing their potential to address pressing social and environmental problems. Social entrepreneurs, in particular, focus on creating businesses that generate both profits and positive social impact. They tackle issues like poverty, inequality, environmental degradation, and lack of access to education and healthcare. By developing innovative solutions and deploying them on a sustainable basis, these entrepreneurs contribute significantly to building a more just and equitable society. Their work highlights the potent combination of business acumen and social responsibility, demonstrating that profit and purpose can coexist.
4. Competition and Consumer Choice: Driving Market Efficiency
Entrepreneurial activity fosters healthy competition, leading to increased consumer choice and lower prices. New businesses entering a market challenge established players, forcing them to innovate and improve their offerings to remain competitive. This competition benefits consumers, who enjoy a wider selection of goods and services at more affordable prices. Furthermore, this dynamic marketplace encourages efficiency and innovation across all sectors, constantly pushing businesses to optimize their processes and deliver greater value to customers.
5. Cultural Shifts and Shaping Societal Values: Beyond Economics
Entrepreneurs aren't just economic players; they are also cultural shapers. Their businesses often reflect and reinforce societal values, while also influencing and changing them. The rise of ethically-sourced products, for example, reflects a growing consumer demand for transparency and social responsibility, often spearheaded by entrepreneurial ventures. Similarly, the growing popularity of sustainable practices and eco-conscious businesses indicates a shift in societal values towards environmental protection, influenced in large part by entrepreneurial leadership.
6. Potential Negative Impacts: The Shadow of Entrepreneurship
While entrepreneurship offers significant benefits, it's crucial to acknowledge potential downsides. Unregulated markets can lead to unethical practices, exploitation of labor, and environmental damage. The pursuit of profit can sometimes overshadow ethical considerations, resulting in negative social and environmental consequences. Furthermore, rapid technological advancements driven by entrepreneurs can lead to job displacement and economic disruption for some sectors of society. Addressing these challenges requires robust regulations, ethical frameworks, and social safety nets to mitigate the negative impacts while maximizing the positive contributions of entrepreneurship.
7. The Role of Government and Support Systems: Fostering a Thriving Entrepreneurial Ecosystem
Governments play a crucial role in fostering a thriving entrepreneurial ecosystem. Supportive policies, access to funding, and streamlined regulations can significantly impact the success and growth of new businesses. Investment in education and training programs also equips individuals with the skills and knowledge necessary to launch and manage successful ventures. Moreover, initiatives promoting innovation and technological development can create a fertile ground for entrepreneurship to flourish. A strong support system, combining government policies with private sector investment, is essential for maximizing the positive impact of entrepreneurship on society.
8. The Future of Entrepreneurship and its Societal Impact: A Look Ahead
The future of entrepreneurship is intertwined with the challenges and opportunities facing society. As global issues like climate change, inequality, and aging populations become increasingly pressing, entrepreneurs will play a vital role in developing innovative solutions. The integration of technology, particularly artificial intelligence and automation, will continue to reshape industries and create new entrepreneurial opportunities. However, navigating the ethical implications of these technologies and ensuring equitable access to their benefits will be crucial for maximizing positive societal impact. The future demands a more inclusive and sustainable approach to entrepreneurship, one that balances economic growth with social responsibility and environmental sustainability.
Article Outline:
Title: What Impact Do Entrepreneurs Have on Society?
Introduction: Hook and overview of the article's content.
Chapter 1: Economic Growth and Job Creation.
Chapter 2: Innovation and Technological Advancement.
Chapter 3: Social Impact and Addressing Societal Challenges.
Chapter 4: Competition and Consumer Choice.
Chapter 5: Cultural Shifts and Shaping Societal Values.
Chapter 6: Potential Negative Impacts.
Chapter 7: The Role of Government and Support Systems.
Chapter 8: The Future of Entrepreneurship and its Societal Impact.
Conclusion: Summary and final thoughts.
(The detailed content for each chapter is provided above in the main article body.)
FAQs:
1. What are the biggest challenges faced by entrepreneurs today? Access to funding, competition, regulatory hurdles, and attracting and retaining talent are among the key challenges.
2. How can governments support entrepreneurship? Through tax incentives, grants, streamlined regulations, investment in education and infrastructure, and initiatives promoting innovation.
3. What is the difference between a social entrepreneur and a traditional entrepreneur? Social entrepreneurs prioritize social impact alongside profit, while traditional entrepreneurs primarily focus on profit maximization.
4. How does entrepreneurship contribute to sustainable development? Through the creation of eco-friendly products and services, sustainable business practices, and the development of solutions to environmental problems.
5. Can entrepreneurship solve global poverty? While it's not a silver bullet, entrepreneurship plays a vital role in creating jobs, generating income, and fostering economic growth in developing countries, contributing to poverty reduction efforts.
6. What ethical considerations should entrepreneurs keep in mind? Fair labor practices, environmental sustainability, data privacy, and transparency are crucial ethical considerations.
7. How can I become a successful entrepreneur? Develop a strong business plan, build a skilled team, network effectively, adapt to market changes, and persist through challenges.
8. What role does technology play in modern entrepreneurship? Technology facilitates communication, marketing, operations, and innovation, making it an essential element of modern entrepreneurial success.
9. What is the future of entrepreneurship in a rapidly changing world? The future will likely involve increased focus on sustainability, technological integration, and addressing global challenges through innovative solutions.
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| what impact do entrepreneurs have on society: Digital Entrepreneurship Mariusz Soltanifar, Mathew Hughes, Lutz Göcke, 2020-11-13 This open access book explores the global challenges and experiences related to digital entrepreneurial activities, using carefully selected examples from leading companies and economies that shape world business today and tomorrow. Digital entrepreneurship and the companies steering it have an enormous global impact; they promise to transform the business world and change the way we communicate with each other. These companies use digitalization and artificial intelligence to enhance the quality of decisions and augment their business and customer operations. This book demonstrates how cloud services are continuing to evolve; how cryptocurrencies are traded in the banking industry; how platforms are created to commercialize business, and how, taken together, these developments provide new opportunities in the digitalized era. Further, it discusses a wide range of digital factors changing the way businesses operate, including artificial intelligence, chatbots, voice search, augmented and virtual reality, as well as cyber threats and data privacy management. “Digitalization mirrors the Industrial Revolution’s impact. This book provides a complement of perspectives on the opportunities emanating from such a deep seated change in our economy. It is a comprehensive collection of thought leadership mapped into a very useful framework. Scholars, digital entrepreneurs and practitioners will benefit from this timely work.” Gina O’Connor, Professor of Innovation Management at Babson College, USA “This book defines and delineates the requirements for companies to enable their businesses to succeed in a post-COVID19 world. This book deftly examines how to accomplish and achieve digital entrepreneurship by leveraging cloud computing, AI, IoT and other critical technologies. This is truly a unique “must-read” book because it goes beyond theory and provides practical examples.” Charlie Isaacs, CTO of Customer Connection at Salesforce.com, USA This book provides digital entrepreneurs useful guidance identifying, validating and building their venture. The international authors developed new perspectives on digital entrepreneurship that can support to create impact ventures.” Felix Staeritz, CEO FoundersLane, Member of the World Economic Forum Digital Leaders Board and bestselling author of FightBack, Germany |
| what impact do entrepreneurs have on society: Entrepreneurship and Economic Growth David B. Audretsch, Max C. Keilbach, Erik E. Lehmann, 2006-04-27 By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why entrepreneurship has become more prevalent as the factor of knowledge has emerged as a crucial source for comparative advantage, but also why entrepreneurship plays a vital role in generating economic growth. Entrepreneurship is an important mechanism permeating the knowledge filter to facilitate the spill over of knowledge and ultimately generate economic growth. |
| what impact do entrepreneurs have on society: Entrepreneurial Universities João J. Ferreira, Alain Fayolle, Vanessa Ratten, Mário Raposo, 2018-08-31 With an increasing focus on the knowledge and service economies, it is important to understand the role that entrepreneurial universities play through collaboration in policy and, in turn, the impact they have on policy. The authors evaluate how universities engage with communities while also balancing stakeholder considerations, and explore how universities should be managed in the future to integrate into global society effectively. |
| what impact do entrepreneurs have on society: Why Startups Fail Tom Eisenmann, 2021-03-30 If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success. |
| what impact do entrepreneurs have on society: Introduction to Entrepreneurship Donald F. Kuratko, 2009 Learn the true process of a successful entrepreneur with Introduction to Entrepreneurship, 8/e International Edition Presenting the most current thinking in this explosive field, this renowned entrepreneurship text provides a practical, step-by-step approach that makes learning easy. Using exercises and case presentations, you can apply your own ideas and develop useful entrepreneurial skills. Cases and examples found throughout the text present the new venture creations or corporate innovations that permeate the world economy today. This book will be your guide to understanding the entrepreneurial challenges of tomorrow. |
| what impact do entrepreneurs have on society: Entrepreneurship, Community, and Community Development Michael W-P Fortunato, Theodore R. Alter, 2017-08-09 While entrepreneurship is widely cited as playing a key role in economic development, job creation, and advances in well-being in capitalist nations, there has been an overwhelming focus on the firm, firm founders, and founders’ strategies and decision-making processes. Only more recently, the important link between communities and entrepreneurs has emerged as a new frontier in entrepreneurship research. This book brings the emerging nexus between community and entrepreneur to light by exploring the mutual impact that communities and entrepreneurs have on one another. It focuses on how entrepreneurship development can push beyond the traditional emphasis on economic growth: from enriching the local lifestyle to building self-sufficiency; from attracting new markets to rediscovering traditional work; from the highest tech enterprises to the most ancient crafts and trades. The authors cover a wide variety of topics including rural community entrepreneurship development and culture, innovation and regional development, community-based enterprise learning, and urban revitalization strategies. This book was originally published as a special issue of the journal Community Development. |
| what impact do entrepreneurs have on society: Getting Beyond Better Roger L. Martin, Sally Osberg, 2015-09-15 Who drives transformation in society? How do they do it? In this compelling book, strategy guru Roger L. Martin and Skoll Foundation President and CEO Sally R. Osberg describe how social entrepreneurs target systems that exist in a stable but unjust equilibrium and transform them into entirely new, superior, and sustainable equilibria. All of these leaders--call them disrupters, visionaries, or changemakers--develop, build, and scale their solutions in ways that bring about the truly revolutionary change that makes the world a fairer and better place. The book begins with a probing and useful theory of social entrepreneurship, moving through history to illuminate what it is, how it works, and the nature of its role in modern society. The authors then set out a framework for understanding how successful social entrepreneuars actually go about producing transformative change. There are four key stages: understanding the world; envisioning a new future; building a model for change; and scaling the solution. With both depth and nuance, Martin and Osberg offer rich examples and personal stories and share lessons and tools invaluable to anyone who aspires to drive positive change, whatever the context. Getting Beyond Better sets forth a bold new framework, demonstrating how and why meaningful change actually happens in the world and providing concrete lessons and a practical model for businesses, policymakers, civil society organizations, and individuals who seek to transform our world for good. |
| what impact do entrepreneurs have on society: Entrepreneurship and Economic Development Wim Naudé, 2010-12-08 Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state. |
| what impact do entrepreneurs have on society: A Tea Reader Katrina Avila Munichiello, 2017-03-21 A Tea Reader contains a selection of stories that cover the spectrum of life. This anthology shares the ways that tea has changed lives through personal, intimate stories. Read of deep family moments, conquered heartbreak, and peace found in the face of loss. A Tea Reader includes stories from all types of tea people: people brought up in the tea tradition, those newly discovering it, classic writings from long-ago tea lovers and those making tea a career. Together these tales create a new image of a tea drinker. They show that tea is not simply something you drink, but it also provides quiet moments for making important decisions, a catalyst for conversation, and the energy we sometimes need to operate in our lives. The stories found in A Tea Reader cover the spectrum of life, such as the development of new friendships, beginning new careers, taking dream journeys, and essentially sharing the deep moments of life with friends and families. Whether you are a tea lover or not, here you will discover stories that speak to you and inspire you. Sit down, grab a cup, and read on. |
| what impact do entrepreneurs have on society: The Relationship Between Entrepreneurship and Economic Development Sander Wennekers, André van Stel, Martin Carree, Roy Thurik, 2010 The Relationship between Entrepreneurship and Economic Development summarizes and updates the empirical evidence and presents the main lines of reasoning behind the relationship between economic development and entrepreneurship. |
| what impact do entrepreneurs have on society: Doing Business in 2004 Simeon Djankov, Caralee McLiesh, Michael U. Klein, 2004 A co-publication of the World Bank, International Finance Corporation and Oxford University Press |
| what impact do entrepreneurs have on society: An Inquiry Into the Nature and Causes of the Wealth of Nations Adam Smith, 1822 |
| what impact do entrepreneurs have on society: The Role of Innovation and Entrepreneurship in Economic Growth Michael J Andrews, Aaron Chatterji, Josh Lerner, Scott Stern, 2022-03-17 Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly-- |
| what impact do entrepreneurs have on society: Entrepreneurship: A Very Short Introduction Paul Westhead, Mike Wright, 2013-11 What is entrepreneurship? Is it important? What do entrepreneurs actually do? These are a few of the key questions considered in this Very Short Introduction. Paul Westhead and Mike Wright provide a clear guide to all aspects of the process of entrepreneurship, including the diversity of the people involved and the benefits it brings to society. |
| what impact do entrepreneurs have on society: Entrepreneurship Andrew Zacharakis, Andrew C. Corbett, William D. Bygrave, 2019-12-05 Entrepreneurship, 5th Edition helps aspiring entrepreneurs understand the process of starting a new venture and appreciate the vital role of entrepreneurship in the economy. This accessible textbook explains the steps involved in starting a new company, and offers insights on engaging with startups as investors, bankers, accountants, lawyers, vendors, customers, and employees. Delving into the real-world trials and tribulations of entrepreneurship, the text covers every stage of the entrepreneurial process, from searching for an opportunity and molding it into an attractive product or service, to launching, growing, and eventually harvesting the new venture. The fully revised and updated fifth edition integrates core concepts of entrepreneurship and practical case studies—enabling students to develop an inclusive perspective on how businesses are born, grow, and succeed or fail. The authors explore the entrepreneurial competitiveness of nations throughout the world, describe the critical factors for starting a new enterprise and building it into a successful business, and demonstrate how to build a workable business model. Clear, straightforward chapters cover each essential area of entrepreneurship, including marketing, strategy, team building, financial projections, business planning, and more. |
| what impact do entrepreneurs have on society: The Economic Benefits and Costs of Entrepreneurship C. Mirjam van Praag, Peter H. Versloot, 2008 The Economic Benefits and Costs of Entrepreneurship examines to what extent recent empirical evidence can collectively and systematically substantiate the claim of the economic benefits of entrepreneurship. The authors review the empirical literature and provide an answer to the question what is the contribution of entrepreneurs to the economy in comparison to their counterparts? Using four measures, the authors quantify the economic benefits of entrepreneurs along the following parameters -- employment generation and dynamics, innovation, productivity and growth, and the role of entrepreneurship in increasing individuals' utility levels. The Economic Benefits and Costs of Entrepreneurship is the first review of the primary empirical literature in this area. More precisely, it is the first review of high quality economics and management studies, focusing on various types of contributions that entrepreneurs can make to the economy in terms of quantifiable measures and evaluating the entrepreneurs' performance in these areas relative to their counterparts. |
| what impact do entrepreneurs have on society: Responsible Innovation Richard Owen, John R. Bessant, Maggy Heintz, 2013-03-21 Science and innovation have the power to transform our lives and the world we live in - for better or worse – in ways that often transcend borders and generations: from the innovation of complex financial products that played such an important role in the recent financial crisis to current proposals to intentionally engineer our Earth’s climate. The promise of science and innovation brings with it ethical dilemmas and impacts which are often uncertain and unpredictable: it is often only once these have emerged that we feel able to control them. How do we undertake science and innovation responsibly under such conditions, towards not only socially acceptable, but socially desirable goals and in a way that is democratic, equitable and sustainable? Responsible innovation challenges us all to think about our responsibilities for the future, as scientists, innovators and citizens, and to act upon these. This book begins with a description of the current landscape of innovation and in subsequent chapters offers perspectives on the emerging concept of responsible innovation and its historical foundations, including key elements of a responsible innovation approach and examples of practical implementation. Written in a constructive and accessible way, Responsible Innovation includes chapters on: Innovation and its management in the 21st century A vision and framework for responsible innovation Concepts of future-oriented responsibility as an underpinning philosophy Values – sensitive design Key themes of anticipation, reflection, deliberation and responsiveness Multi – level governance and regulation Perspectives on responsible innovation in finance, ICT, geoengineering and nanotechnology Essentially multidisciplinary in nature, this landmark text combines research from the fields of science and technology studies, philosophy, innovation governance, business studies and beyond to address the question, “How do we ensure the responsible emergence of science and innovation in society?” |
| what impact do entrepreneurs have on society: Entrepreneurship & Small Business Management in the Hospitality Industry Darren Lee-Ross, Conrad Lashley, 2010-05-04 • Explores both entrepreneurial theory and practice applied to the tourism and hospitality industry, by investigating some key theoretical concepts and grounding them in practical real life scenarios; • Moves back and forth between strategy and operations to illustrate the link between the two areas and explain how both perspectives are necessary for entrepreneurial success; • Creates an enthusiasm about the field by not only discussing some of the major challenges and opportunities but by providing the knowledge and skills required to start a small business and drastically improve the chances of sustaining it successfully. |
| what impact do entrepreneurs have on society: Good Corporation, Bad Corporation Guillermo C. Jimenez, Elizabeth Pulos, 2016 This textbook provides an innovative, internationally oriented approach to the teaching of corporate social responsibility (CSR) and business ethics. Drawing on case studies involving companies and countries around the world, the textbook explores the social, ethical, and business dynamics underlying CSR in such areas as global warming, genetically modified organisms (GMO) in food production, free trade and fair trade, anti-sweatshop and living-wage movements, organic foods and textiles, ethical marketing practices and codes, corporate speech and lobbying, and social enterprise. The book is designed to encourage students and instructors to challenge their own assumptions and prejudices by stimulating a class debate based on each case study--Provided by publisher. |
| what impact do entrepreneurs have on society: Entrepreneurial Opportunity Greg Clydesdale, 2009-09-10 The areas of opportunity recognition and entrepreneurial environments have been emerging streams of research that are of particular interest to practitioners. This book provides insight into the environmental changes that open up opportunities for entrepreneurs. |
| what impact do entrepreneurs have on society: Entrepreneurship William D. Bygrave, Andrew Zacharakis, Sean Wise, Andrew C. Corbett, 2024-10-07 A balanced and practical combination of entrepreneurial theory and cases from a Canadian perspective In the newly revised second Canadian edition of Entrepreneurship, a team of entrepreneurs, professors, researchers, and mentors delivers an accessible and insightful combination of business concepts and cases illustrating contemporary entrepreneurial theory. Exploring every stage of the entrepreneurial process, this comprehensive textbook covers everything aspiring Canadian founders and future entrepreneurs need to know, from ideation to funding, launch, marketing, and more. Throughout the introductory text, a wealth of engaging case studies and examples demonstrate the real-world application of business theory. Perfect for students of business administration, management, and entrepreneurship, Entrepreneurship offers a hands-on learning experience that will appeal to learners who benefit from an abundance of contemporary real-world cases and practical examples. |
| what impact do entrepreneurs have on society: Simply Brilliant William C. Taylor, 2016-09-20 'There's no such thing as an average or old-fashioned business, just average or old-fashioned ways to do business. In fact, the opportunity to reach for extraordinary may be most pronounced in settings that have been far too ordinary for far too long' Far away from Silicon Valley, in familiar, traditional, even unglamorous fields, ordinary people are unleashing extraordinary advances that amaze customers, energize employees, and create huge economic value. Their secret? They understand that inventing the future doesn't just mean designing mobile apps and developing virtual-reality headsets. In Simply Brilliant, the visionary co-founder of Fast Company William C. Taylor goes behind the scenes at some of the unsung organizations that are revolutionizing their otherwise humdrum fields. These unlikely agents of change range from a parking garage that also serves as a wedding venue, to a military insurance company that puts salespeople through simulated overseas deployment. The message is both simple and subversive: in a time of wrenching disruptions and exhilarating leaps, of unrelenting turmoil and unlimited promise, the future is open to everybody. Simply Brilliant illustrates how breakthrough creativity and breakaway performance can be summoned in all industries, if leaders dare to reimagine what's possible in their fields. |
| what impact do entrepreneurs have on society: Entrepreneurs’ Creative Responses to Institutional Challenges Emiel L. Eijdenberg, Neil A. Thompson, 2020-05-28 Entrepreneurs’ creative responses to institutional challenges in sub-Saharan Africa examines institutional constraints and enablers of Tanzanian and Zambian entrepreneurs in sustainability practices. Exploring how entrepreneurs contribute to societal and environmental well-being despite the challenging institutional context in which they operate. |
| what impact do entrepreneurs have on society: Entrepreneurship and Intrapreneurship in Social, Sustainable, and Economic Development Sebastian Aparicio, Andreu Turro, Maria Noguera, 2021-01-25 Entrepreneurship and intrapreneurship have become a vehicle that offers solutions for social, environmental, and economic problems. Even though the level of entrepreneurial activity and its diversity have been motivated through public policies, social support has also played an important role in encouraging people to think of entrepreneurship as a desirable career choice. This book brings together analyses of those elements required for entrepreneurial and intrapreneurial intention and action, which ultimately become important leverages of development. Chapters highlight the importance of rural, urban, university, organizational, and family environments for a bunch of intentions and behaviors such as green, sport, social, corporate, innovative, traditional, and gender entrepreneurship. This entrepreneurial diversity is translated into higher development through the empowerment of women, environmental consciousness, and efficient production. Policymakers, scholars, and practitioners can find different examples and cases useful for decision-making, learning, and practice in this book. |
| what impact do entrepreneurs have on society: Entrepreneurship in a Regional Context Michael Fritsch, David J. Storey, 2017-08-17 Enterprise and entrepreneurship is of strong interest to policy-makers because new and small firms can be a key contributor to job and wealth creation. However this contribution varies spatially, with some areas in a country having new firm formation rates that are up to three or four times higher than others. The vast majority of these new firms begin in the geographical area in which the founder lives, works or was born emphasising that entrepreneurship is a local event. The book documents a diversity of research approaches to examining the regional determinants of entrepreneurship in countries as contrasting as India and Sweden. The Editors call is for scholars to better understand the long run factors that influence enterprise at the local and regional level. For policy makers the Editors challenge is for them to be much clearer about the targets for their policies. Is it new firms, new jobs, productivity and does it matter where these targets are delivered? This book was published as a special issue of Regional Studies. |
| what impact do entrepreneurs have on society: The Entrepreneurial Society David B. Audretsch, 2007-07-02 Previous generations enjoyed the security of lifelong employment with a sole employer. Public policy and social institutions reinforced that security by producing a labor force content with mechanized repetition in manufacturing plants, and creating loyalty to one employer for life. This is no longer the case. Globalization and new technologies have triggered a shift away from capital and towards knowledge. In today's global economy, where jobs and factories can be moved quickly to low-cost locations, the competitive advantage has shifted to ideas, insights, and innovation. But it is not enough just to have new ideas. It takes entrepreneurs to actualize them by championing them to society. Entrepreneurship has emerged as the proactive response to globalization. In this book, award-winning economist David B. Audretsch identifies the positive, proactive response to globalization--the entrepreneurial society, where change is the cutting edge and routine work is inevitably outsourced. Under the managed economy of the cold war era, government policies around the world supported big business, while small business was deemed irrelevant and largely ignored. The author documents the fundamental policy revolution underway, shifting the focus to technology and knowledge-based entrepreneurship, where start-ups and small business have emerged as the driving force of innovation, jobs, competitiveness and growth. The role of the university has accordingly shifted from tangential to a highly valued seedbed for coveted new ideas with the potential to create not just breathtaking new ventures but also entire new industries. By understanding the shift from the managed economy and the emergence of the entrepreneurial society, individuals, businesses, and communities can learn how to proactively harness the opportunities afforded by globalization in this new entrepreneurial society. |
| what impact do entrepreneurs have on society: Entrepreneurial State Mariana Mazzucato, 2015 List of Tables and Figures; List of Acronyms; Acknowledgements; Introduction: Thinking Big Again; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From 'De-risking' to 'Bring It On!'; Chapter 4: The US Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: So. |
| what impact do entrepreneurs have on society: Richard Cantillon Antoin E. Murphy, 1987-03-12 This is a study of Irish-born Richard Cantillon, eighteenth century banker and economist whose Essai sur la Nature du Commerce en General (1755), published twenty-one years after his death, remains a significant contribution to the development of monetary theory. Cantillon's life was an exciting story of involvement in high-level international banking, and speculation in foreign exchanges, commodities and stocks at the time of the South Sea Bubble. His death occurred in mysterious circumstances. |
| what impact do entrepreneurs have on society: Investing in Entrepreneurs Gregg A. Lichtenstein, Thomas S. Lyons, 2010-08-19 A compelling argument for placing entrepreneurship at the heart of economic development provides a guidebook for how this can be done efficiently, effectively, and equitably. Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy offers a compelling argument for making the support of entrepreneurship the centerpiece of local and regional economic development—and provides a plan to make it happen. The book is organized around a tool, developed by the authors, that permits a community to strategically map and manage its business assets in a way that can transform its economy. Investing in Entrepreneurs begins with a reflection on the importance of entrepreneurship, a discussion of its diminished place in economic development, and a call for its rise back to prominence. The importance of managing entrepreneurial assets is discussed, followed by a thorough articulation of the author's tool for accomplishing this in a holistic and strategic manner. Examples drawn from the authors' fieldwork illustrate the many ways in which the tool can be utilized to guide economic development efforts. A final chapter discusses possible resistance to this innovation and how that resistance can be successfully addressed. |
| what impact do entrepreneurs have on society: Innovation and Entrepreneurship Peter Drucker, 2012-08-06 Innovation and Entrepreneurship deals with 'what, when and why'; with policies and decisions; opportunities and risks,structures and strategies; staffing, compensation and rewards. In addition to managers in all types of business, lecturers and students of management and business studies will this a revealing and exciting work. Highly critical in approach, it is nevertheless a practical and illuminating study of a area crucial for today's world. |
| what impact do entrepreneurs have on society: Drive Daniel H. Pink, 2011-04-05 The New York Times bestseller that gives readers a paradigm-shattering new way to think about motivation from the author of When: The Scientific Secrets of Perfect Timing Most people believe that the best way to motivate is with rewards like money—the carrot-and-stick approach. That's a mistake, says Daniel H. Pink (author of To Sell Is Human: The Surprising Truth About Motivating Others). In this provocative and persuasive new book, he asserts that the secret to high performance and satisfaction-at work, at school, and at home—is the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and our world. Drawing on four decades of scientific research on human motivation, Pink exposes the mismatch between what science knows and what business does—and how that affects every aspect of life. He examines the three elements of true motivation—autonomy, mastery, and purpose-and offers smart and surprising techniques for putting these into action in a unique book that will change how we think and transform how we live. |
| what impact do entrepreneurs have on society: Social Entrepreneurship Constant Beugré, 2016-11-03 Social entrepreneurship differs from traditional forms of entrepreneurship in that the primary goal of the social venture is to address social problems and needs that are as yet unmet. The driving force of such ventures is social value creation. This new textbook aims to provide a comprehensive, cutting edge resource for students, introducing them to the unique concerns and challenges that face social ventures through a comparison with the principles of traditional entrepreneurship. The book consists of fourteen chapters covering all aspects of venture creation and management—from writing a business plan, to financing, people management, marketing, and social impact measurement. Social Entrepreneurship uses real-life examples and sources to expose students to contemporary developments in the field, encouraging them to think critically about the issues faced by social ventures across the globe, and experiential exercises and assignments are included to provide students with hands-on experience in creating and managing their own social ventures. Also containing review and application questions, illustrative cases, definitions of key terms, and a comprehensive companion website, Social Entrepreneurship is the essential guide to this rapidly emerging field. Visit the companion website at www.routledge.com/cw/beugre to find: For Instructors PowerPoint slides Multiple-choice questions For Students Extra illustrative cases Web links Links to video |
| what impact do entrepreneurs have on society: Education and Innovative Perspectives in Higher Education Ana Luísa Rodrigues, 2024-04-30 Globalization, digitalization, and a rapid technological development of many areas of life and society, bring humanity to another level of development. Changes in the educational organizations are inevitable and the university must meet new requirements in a new paradigm (Gafurov, Safiullin, Akhmetshin, Gapsalamov, & Vasilev, 2020). Universities, as institutions capable of thinking the future, assume an increasingly relevant role at the level of the growing importance of science and its social and economic impact. In this line of thought, their metamorphosis should be promoted. This renewal requires four movements: from employability to general, humanistic, and scientific education; from the excellence of academic productivism to the valorisation of pedagogy and teaching and training work; from entrepreneurialism to a sense of community; from entrepreneurship to public responsibility (Nóvoa, 2019). |
| what impact do entrepreneurs have on society: Public Policy in the Entrepreneurial Society David B. Audretsch, 2013-12-27 In this book David Audretsch examines the impact of public policy in the entrepreneurial society and in ensuring that entrepreneurship continues to serve as a driving force for economic performance. Do university policies or knowledge conditions |
| what impact do entrepreneurs have on society: Green Engineering Riadh Habash, 2017-11-07 This is a primary text project that combines sustainability development with engineering entrepreneurship and design to present a transdisciplinary approach to modern engineering education. The book is distinguished by extensive descriptions of concepts in sustainability, its principles, and its relevance to environment, economy, and society. It can be read by all engineers regardless of their disciplines as well as by engineering students as they would be future designers of products and systems. This book presents a flexible organization of knowledge in various fields, which allows to be used as a text in a number of courses including for example, engineering entrepreneurship and design, engineering innovation and leadership, and sustainability in engineering design |
| what impact do entrepreneurs have on society: Entrepreneurship, Innovation and Regional Development Jay Mitra, 2019-10-08 The fields of entrepreneurship, innovation and regional development are inextricably linked, with people, organisations and the environment or their location, forming the main building blocks in an integrated model of value creation. This second edition of a key textbook draws on the diversity of approaches in these areas to produce a unified understanding of this important subject and its sub-sets. The author connects theory and practice using references to academic studies as well as industry sources. The importance of technology is highlighted throughout to demonstrate the value of new technology-based ventures and the role of technology for innovation in both organisational and spatial contexts. The economic and social contexts of entrepreneurship are covered in dedicated chapters offering an appreciation of multiple perspectives on key themes of growth and development. Drawing on insights and concepts from a wide range of disciplines such as business, sociology, economics, geography and management, this unique textbook introduces entrepreneurship to students from different backgrounds and varied interests. With a range of new case studies and coverage of emerging themes such as smart cities, ecosystems, female entrepreneurship and social and human capital, this book provides an expert exposition of the elaborate empire of entrepreneurship. |
| what impact do entrepreneurs have on society: Handbook of Tourism Entrepreneurship Rob Hallak, Craig Lee, 2024-05-02 The Handbook of Tourism Entrepreneurship outlines the foundations of success in the tourism sector, examining the ways in which small and medium sized enterprises (SMEs) can become economic engines for tourism destinations by boosting regional growth and prosperity. |
| what impact do entrepreneurs have on society: De Gruyter Handbook of Social Entrepreneurship Bryan C. Boots, Lane Graves Perry, III, Benjamin J. Williams, 2024-08-19 The De Gruyter Handbook of Social Entrepreneurship serves as a one-stop shop for nascent and established scholars and practitioners alike who seek to quickly gain a broad familiarity with the current state of research in social entrepreneurship. Part 1 reviews and discusses the historical scholarly foundations of the field, followed by a more in-depth treatment of newer research, while Part 2 examines the broader ecosystem in which social entrepreneurship takes place. In Part 3, the handbook explores infrastructural considerations such as organizational culture, values, processes, business models and mindsets that affect social entrepreneurship. Finally, in Part 4 the handbook analyzes social entrepreneurship from the individual social entrepreneur’s perspective. Faculty, research-oriented graduate students, think tanks, and government agencies who seek an overview of recent research in the field of social entrepreneurship will benefit from this essential addition to the literature. In addition, practicing social entrepreneurs, intrapreneurs in corporate settings, and non-governmental organizations interested in social entrepreneurship can use this handbook as a resource to inform their approaches to the development of social ventures, how they support social entrepreneurs, and the ways in which they can foster conditions to support a thriving social entrepreneurial ecosystem. |
| what impact do entrepreneurs have on society: Building Community Capacity for Tourism Development G. Moscardo, 2008 A lack of entrepreneurial capacity, limited understanding of tourism markets and a lack of community understanding of tourism and its impacts have been identified as barriers to effective tourism development in peripheral regions. This book provides an analysis of this issue within tourism development practice. |
| what impact do entrepreneurs have on society: Peace Through Entrepreneurship Steven R. Koltai, 2016-08-30 Joblessness is the root cause of the global unrest threatening American security. Fostering entrepreneurship is the remedy. The combined weight of American diplomacy and military power cannot end unrest and extremism in the Middle East and other troubled regions of the world, Steven Koltai argues. Koltai says an alternative approach would work: investing in entrepreneurship and reaping the benefits of the jobs created through entrepreneurial startups. From 9/11 and the Arab Spring to the self-proclaimed Islamic caliphate, instability and terror breed where young people cannot find jobs. Koltai marshals evidence to show that joblessness—not religious or cultural conflict—is the root cause of the unrest that vexes American foreign policy and threatens international security. Drawing on Koltai’s stint as senior adviser for Entrepreneurship in Secretary Hillary Clinton’s State Department, and his thirty-year career as a successful entrepreneur and business executive, Peace through Entrepreneurship argues for the significant elevation of entrepreneurship in the service of foreign policy; not rural microfinance or mercantile trading but the scalable stuff of Silicon Valley and Sam Walton, generating the vast majority of new jobs in economies large and small. Peace through Entrepreneurship offers a nonmilitary, long-term solution at a time of disillusionment with Washington’s “big development” approach to unstable and underdeveloped parts of the world—and when the new normal is fear of terrorist attacks against Western targets, beheadings in Syria, and jihad. Extremism will not be resolved by a war on terror. The answer, Koltai shows, is stimulating entrepreneurial economic opportunities for the virtually limitless supply of desperate, unemployed young men and women leading lives of endless economic frustration. |
