International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
Vol. 5, Issue 2 (2022)

Role of entrepreneurship in enterprises' improvement


Abdul Ahad

The word entrepreneur originates from the French word, entreprendre, which means "to undertake." In a business context, it means to start a business. The Merriam-Webster Dictionary presents the definition of an entrepreneur as one who organizes, manages, and assumes the risks of a business or enterprise.
Many experts and researchers refer to today's world as the age of discontinuity. Age of discontinuity means that past experience and solutions to current and future problems are not entrepreneur anymore and should think for new organizational solutions with modern structure, so that could produce the goods and services with minimal cost and with superior quality tailored to customer needs and preferences as global markets be subdued and captured and in this great race to be victorious.
Therefore in order to have successful economics there dire need to have prosperous enterprises in competitive environments. This requires powerful, self-reliance and empowered employees, the Personnel who possess the creative and entrepreneurial morale. As result entrepreneurship, creativity, innovation and risky businesses, provide fuel modern economy that means in any enterprise if in any organization, the entrepreneurial context of a ewe be provided employment will be created and itself will be factor of technology transformation. Entrepreneurs are a factor to identify, create and expand new markets they have the ability to see market gaps and to identify opportunities perfectly. In other words, entrepreneurship is nothing but the opportunity recognition and optimum use of it.
Therefore we consider the entrepreneurship as suitable strategy for development and improvement of enterprises in this paper and we believe that entrepreneurship has important role in productivity enhancement and to ease their innovative activities in order to implement the organization's success.
Pages : 187-195 | 71 Views | 28 Downloads


International Journal of Financial Management and Economics
How to cite this article:
Abdul Ahad. Role of entrepreneurship in enterprises' improvement. Int J Finance Manage Econ 2022;5(2):187-195. DOI: 10.33545/26179210.2022.v5.i2.423
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