Entrepreneurship Is An Integral Part Of Our Economy

Introduction: Entrepreneurship can best be defined as a way of managing that involves pursuing opportunity, assembling resources, implementing action plans, and harvesting rewards in a timely and flexible way (Shalman Stevenson). Those who find passion and purpose in the management, and conceptual thinking of entrepreneurship are known as entrepreneurs. This type of management involving entrepreneurs has become an integral part of our economy in the United States, and globally since the beginning of the modern era, impacting billions of people in its wake through many different social and political facets. As entrepreneurs set out on these ventures in growing small businesses that have changed so much about the world, there are always factors that can prohibit or hinder growth, and also those which encourage and grow entrepreneurial businesses. The shift from small businesses from their domestic markets into large international corporations comparatively shows just how different imp acts of entrepreneurial businesses can be from one to another. The backbone of what ultimately defines the entrepreneurial business and the entrepreneur themselves however is the political entity and economy from which the business originates. Defining the Entrepreneur: Before diving into the factors of how entrepreneurial businesses impact the world and vice versa, the entrepreneur themselves must be studied, because the businesses and ventures that make impacts are in fact thoseShow MoreRelatedEntrepreneurship Is An Integral Part Of Our Economy1765 Words   |  8 PagesIntroduction: Entrepreneurship can best be defined as a way of managing that involves pursuing opportunity, assembling resources, implementing action plans, and harvesting rewards in a timely and flexible way (Shalman Stevenson). 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