≫ Review of Modern Entrepreneurship Articles Free Essay Example auf Samploon.com (2023)


Modern entrepreneurship means working unconditionally and changing the country's society and economy for the better, without borders. Modern entrepreneurship is about doing old things in a new and innovative way more efficiently and effectively, making life easier for people in society and surroundings. It is this astonishing force that has driven our progress with various articles, products, services, developments, technologies and creative thinking. Modern Entrepreneurship is an essential quality of business associations and progress towards future businesses.

Article 1: Modern Entrepreneurship in a Changing Space Economy


(NIJKAMP & STOUGH, 2002) says that the entrepreneur was an important figure in economic life and, therefore, in economic research. Recently, interest has shifted from macroeconomics to microeconomics. A solid enthusiasm for innovative behavior and practices has shown interest in local promotion. This required balanced regional and municipal approaches across the public and private sectors. The recognition of growth by the entrepreneur gave rise to new research. It was recognized that the geological example of entrepreneurship is an ongoing condition of transition over time. This has resulted in many research topics and entrepreneurship also sees the challenges of a system economy where the field of entrepreneurial activity is expanding from local markets to global markets.


Business life in the system economy is heavily influenced by developments in the field of information and communication technology. It refers not only to the physical equipment, but also to the organizing and hierarchical components of the network society. Responsiveness, trust and entrepreneurship are therefore ideas that must be addressed in order for her to understand the elements of modern entrepreneurship. This applies not only to economic factors, but also to rural and urban cities that promote modern entrepreneurship, innovative corporate cultures and new ways of life. However, access to information and communication technologies is not uniformly distributed and new innovations are little explored, making it necessary to focus on entrepreneurship and strategies from a traditional perspective.

Article: Technological Entrepreneurship: Overview, Definition and Specifics

(Bailetti, 2012) talks about modern entrepreneurship, in which he says that modern entrepreneurship is at the center of many important discussions, including the creation and development of companies, financial improvements, selection of suitable partners, experts and researchers. The objective of the article is to identify the themes that speak about modern entrepreneurship and to distinguish their different points of view in relation to financial aspects, undertakings and board of directors. The author says that modern entrepreneurship is an investment that brings together and mediates specific people and heterogeneous resources to create value for the organization. Modern entrepreneurship differs from other types because it is the experimentation and collective creation of new items, resources and their qualities identified with advances in logical and technological information.

Review: Modern entrepreneurship has become very important recently and is seen as development, differentiation and competitive advantage in the organization. Important aspects of modern entrepreneurship are the relationship between logical and innovative change and the selection and advancement of new combinations and properties of resources. Conceptualizing innovative business as investing in a company and linking it to sustainable competitive advantages.

Article: Modern Agricultural Entrepreneurship

(Lauwere, Entingb and Vermeulenc, 2002) found that Dutch agricultural entrepreneurship has changed significantly. The aim of the article is to provide an insight into modern Dutch entrepreneurship. The objective of the research is to provide knowledge about the changes adopted by Dutch agricultural entrepreneurs. The article focuses on the individual qualities of entrepreneurs regarding the different methods they use to manage extreme changes in agribusiness, the use of information and the ability to innovate. Likewise, the administrative tasks of entrepreneurs are examined, as well as the extent of different farmers with a focus on the article or product, forms, structure chain and society, as this gives an impression of the development phases of the farms. Some results are shown in the article to outline how an agricultural characteristic such as cultivation method, natural factors such as location and individual characteristics such as age can influence entrepreneurship. Another finding was that natural farmers proved to be more social and less development-oriented than non-organic farmers.

Review: Consumers have become aware of the unethical practices that are being carried out to improve products and therefore customer requirements and legislation are becoming more stringent, which in turn is forcing business owners to conduct processes more ethically. Other challenges that modern entrepreneurs face are increased rivalry due to open exchange, the need for updating and integration, and contracts that have made the process too complex.

Article: Development of Modern Entrepreneurship: Competition and Cooperation

(Bogomolova & Selezneva, 2017) The motivation behind the article is to build the ideal model of development of modern entrepreneurship in Russia from the perspective of rivalry and cooperation procedures. The basis of the methodology of this research is the situation analysis technique, which is carried out with the aid of game theory devices. The author offers different market structures in the economy with regard to the justification of rivalry and cooperation processes. The modern phase of improvement of the world economy could be called the transition phase, the old market model is considered insufficient and a new model is chosen. In these conditions, the question of choosing the model for promoting entrepreneurship arises. Global competition, which has been seen as a general means of market stimulation of business movement and high adequacy of currency affairs, is causing domestic businesses to be removed from domestic markets and the infrastructure of the world's financial framework is slowly being constrained. .

Review: The sectoral structure of the Russian economy showed that the structure of the industrial sector is ideal. This illustrates the industrial orientation of the current Russian economy, despite government measures for its post-industrialization. In other parts of the Russian economy, sectoral structures do not have strategic priorities for their development, which in turn leads to low efficiency of the national economy.

Article: What it takes to be a modern entrepreneur

(Gil, 2019) The article talks about how being an entrepreneur meant structuring a brand where the product and service were central. But today, being a modern entrepreneur means doing something very different in your own class, where you become the core of the brand and show how you stand out because of the vast corporate world and opportunities. As a modern entrepreneur, we must give enough chances, take risks and look for opportunities. Entrepreneurship means doing something you are passionate about. Modern entrepreneurs need to explore the competitive corporate world, which demands a consistency that borders on bothering to pester others to see what we bring to the table. If you are not enthusiastic about what you are doing, you should stop. And if you are enthusiastic and understand customers and believe in your idea or product, your chances of success are quite high.

Looking back: even if you think you have the right character or attitude and energy to succeed as an entrepreneur, you shouldn't get too carried away by failures or setbacks. The principles of the game are rapidly changing as what worked yesterday may not be part of a step tomorrow. However, if you're determined to connect and tweak your strategies to see what's working, chances are you'll succeed.


An individual must learn and improve his entrepreneurial skills to become an effective and successful modern entrepreneur. A modern entrepreneur must take risks, equal opportunities, self-confidence and ready to face any challenge and offer solutions to problems. Modern entrepreneurship means doing things differently with a new idea to improve the previous idea or product with a new or innovative way to meet people's needs.


  • Bailetti, T. (2012). Technological Entrepreneurship: Overview, Definition and Specifics. Technology Innovation Management Review, 512.
  • Bogomolova, E.V., & Selezneva, LY. (2017). Development of modern entrepreneurship: competition and cooperation. Journal of European Research Studies, 539-547.
  • Gil, C. (2019). What it takes to be a modern entrepreneur. entrepreneur.
  • Lauwere, C.K.-d., Entingb, I., & Vermeulenc, P. (2002). MODERN AGRICULTURAL ENTREPRENEURSHIP. request.
  • NIJKAMP, P. & STOUGH, R. (2002). Modern entrepreneurship in a changing space economy. GROWTH AND CHANGE, 169-172.

≫ Review of Modern Entrepreneurship Articles Free Essay Example auf Samploon.com (2)


What is an example of a modern entrepreneur? ›

Bill Gates – Co-founder of Microsoft

Bill Gates is arguably one of the most influential, and certainly wealthy, people on this list. Having made an estimated $110bn with Microsoft, Gates is an entrepreneur-turned-philanthropist, spending millions every year on charitable endeavours and sustainability initiatives.

What is the modern entrepreneurship? ›

The more modern entrepreneurship definition is also about transforming the world by solving big problems like bringing about social change or creating an innovative product that challenges the status quo of how we live our lives on a daily basis.

What is entrepreneurship in your own words essay? ›

Entrepreneurship is about the pursuit of new ideas and the willingness to pursue those ideas and combine resources to achieve the goal of fulfilling the needs of market. The relentless pursuit is based on the individual decision to pursue an opportunity that makes an opportunity profitable.

What are the 4 types of entrepreneurship? ›

What Are the 4 Types of Entrepreneurship? Anyone interested in starting and running their own business should consider which entrepreneurial model they prefer: small business, scalable startup, large company, or social entrepreneurship.

What is a good example of entrepreneurship? ›

Small business entrepreneurship is often when a person owns and runs their own business. They typically hire local employees and family members. Local grocery stores, hairdressers, small boutiques, consultants and plumbers are a part of this category of entrepreneurship.

What are 3 real world examples of entrepreneurship? ›

The following are the top five most successful American entrepreneurs in terms of world impact.
  • Andrew Carnegie. Andrew Carnegie was an American entrepreneur who actually immigrated from Scotland. ...
  • Henry Ford. ...
  • Oprah Winfrey. ...
  • Bill Gates. ...
  • Larry Page.

How should I start my essay? ›

Avoid long, dense sentences—start with something clear, concise and catchy that will spark your reader's curiosity. The hook should lead the reader into your essay, giving a sense of the topic you're writing about and why it's interesting. Avoid overly broad claims or plain statements of fact.

What makes a successful entrepreneur essay? ›

Passion, resourcefulness, willingness to improvise and listen to others and strong determination to succeed is what makes an entrepreneur successful. And this is what you have to keep in mind as well if you want to be a successful entrepreneur yourself.

What does an entrepreneur do write a short paragraph? ›

An entrepreneur is an individual who creates and grows a business through their creative ideas. Entrepreneurs play key roles besides generating income as they grow their businesses. An entrepreneur identifies a commercial need in their community, crafts a business idea and takes the lead role to start their business.

Why is entrepreneurship important? ›

Entrepreneurship Accelerates Economic Growth

By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. So public policy that encourages and supports entrepreneurship should be considered important for economic growth.

What are the 4 C's of entrepreneurship? ›

Your building blocks of growth: commitment, courage, capability, and confidence. Have you ever wondered why some people are super-achievers and seem to go from success to success while others never seem to get out of the starting blocks?

What are the 3 stages of entrepreneurship? ›

Baron (2004a:170) names the three stages of the entrepreneurship process as screening ideas for feasibility; assembling needed resources; and actually developing a new business.

Why is modern entrepreneurship important? ›

Modern entrepreneurship fosters business competitiveness and high efficiency by providing the necessary conditions for effective performance in the market. Entrepreneurial behavior on the part of all businesses is a requirement for effective involvement in the global market.

How do you become a modern entrepreneur? ›

So, here are a few tips to help you grow as a modern entrepreneur.
  1. Do not be afraid to take risks. ...
  2. Recognize your gifts and talents. ...
  3. Have a plan. ...
  4. Know who you are as a person. ...
  5. Identify your passion. ...
  6. Hard work is essential. ...
  7. Know that entrepreneur programs can/do help.
Aug 20, 2021

What are the objectives of modern entrepreneur? ›

There are four types of objectives that an entrepreneur can set: personal objectives, business objectives, financial objectives and performance objectives.

What skill does an entrepreneur need? ›

Negotiation, confidence, and networking are three communication skills that are extremely useful for business owners. Negotiation: When creating business deals with investors, clients, suppliers and whoever else you need to work with negotiation is extremely important.

What makes a successful entrepreneur? ›

Successful entrepreneurs are driven, ambitious and willing to take risks others won't. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.

What is entrepreneurship in everyday life? ›

Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.

What is an example of entrepreneurship in society? ›

Apple sold millions of iPods and was to develop more related products. As entrepreneurs initiate new businesses, they need to recruit employees. These new companies become engines of job creation. According to the Small Business Administration, small companies have created 65% of new jobs since the recession.

What is the first thing to write in an essay? ›

Your essay introduction should include three main things, in this order: An opening hook to catch the reader's attention. Relevant background information that the reader needs to know. A thesis statement that presents your main point or argument.

Which part of an essay should I start first? ›

An introduction to an essay usually has three primary purposes: To set the scene. To tell readers what is important, and why. To tell the reader what the essay is going to do (signposting)

What not to do when starting an essay? ›

  1. Fail to address the question's topic in your introduction. ...
  2. Stray from the focus of the question (especially in the conclusion) ...
  3. Insert quotes without introducing them or relating them back to the topic. ...
  4. Fail to provide references. ...
  5. Use informal language, colloquialisms, or overuse rhetorical questions.

What are the 5 qualities of an entrepreneur? ›

Whether you're just starting out or you've been in the game for a while, honing these qualities will help you achieve success.
  • Passion. ...
  • Willingness to Fail. ...
  • Critical Thinking Skills. ...
  • Excellent Communication Skills. ...
  • A Growth Mindset.
Oct 9, 2022

What are the 10 qualities of a good entrepreneur? ›

10 Characteristics Of An Entrepreneur
  • Passion. More often than not, entrepreneurs are extremely passionate about their work. ...
  • Motivation. ...
  • Product or service knowledge. ...
  • Risk management. ...
  • Self-confidence. ...
  • Money management. ...
  • Vision. ...
  • Decision-making ability.
Nov 19, 2022

What are 5 characteristics of a successful entrepreneur? ›

5 Characteristics of a Successful Entrepreneur.
  • Humility and self-awareness.
  • Customer orientated.
  • Cost efficient.
  • Highly adaptable and future orientated.
  • Risk-taker and not afraid of failure.

What is a simple sentence for entrepreneur? ›

My dad was a successful textiles entrepreneur and my mother helped with my business. And still he found time to become an entrepreneur. Entrepreneurs and business owners instinctively look to reinvest rather than withdraw their wealth and that is not wrong.

What is an entrepreneur in one sentence? ›

An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.

What motivates you to become an entrepreneur? ›

When starting their own businesses, entrepreneurs are not motivated by what you may think. The main reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them. Entrepreneurs need to embrace new technology and use it to their benefit to continue growing their startups.

What is the most important thing in entrepreneurship? ›

A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill. Growing a business requires a sound strategy based on inherent business sense and skills.

What are 3 reasons why entrepreneurship is so important? ›

Entrepreneurship creates jobs – new and young businesses, not small businesses, are the engine of net job creation in the economy.
  • Entrepreneurship Improves Productivity. ...
  • Entrepreneurship Drives Innovation. ...
  • Entrepreneurship Creates Jobs. ...
  • Read More.

What are the positive effects of entrepreneurship? ›

The new products or services created by entrepreneurs result in new wealth from the new markets. Additionally, higher earnings due to entrepreneurship can help boost national income. This is in the form of higher government spending and tax revenue, resulting in investment in struggling sectors and human capital.

What is the difference between entrepreneur and entrepreneurship? ›

These both come under a business category. An entrepreneur is someone who locates the need of society and tries to meet them with an innovative idea. On the other hand, entrepreneurship refers to the process of establishing a business entity, intending to get profit as a return in the future.

What are the 3 A's in entrepreneurship? ›

Test your marketing metrics against the three As of actionable, accessible and auditable.

Who is entrepreneur in modern world? ›

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

What does modern entrepreneur deals with? ›

A modern entrepreneur is one who undertakes those ventures, which go well along with the changing demand in the market. They undertake those ventures, which suit the current marketing needs.

What is an example of entrepreneur Elon Musk? ›

Entrepreneur Elon Musk has achieved global fame as the chief executive officer (CEO) of electric automobile maker Tesla Inc. (TSLA) and the private space company SpaceX. Musk was an early investor in several tech companies, and in October 2022, he completed a deal to take Twitter Inc. private.

Why entrepreneurship is important in the modern world? ›

Entrepreneurship Accelerates Economic Growth

Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development.

Who contribute to modern entrepreneurship? ›

In the 20th century, the understanding of entrepreneurship owes much to the work of economist Joseph Schumpeter in the 1930s and other Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich von Hayek.

What are the 7 characteristics of entrepreneurship? ›

7 essential characteristics to become a successful entrepreneur:
  • Vision.
  • Passion.
  • Motivation.
  • Risk-taking.
  • Curiosity.
  • Creativity.
  • Confidence.
Aug 5, 2022

What are the 3 important skills of a successful entrepreneur? ›

The following are a few characteristics required to be a successful entrepreneur.
  • Communication. Every entrepreneur needs to be an effective communicator. ...
  • Sales. The soft skill of sales goes hand-in-hand with the communication necessary to be successful. ...
  • Focus. ...
  • Ability to Learn. ...
  • Business Strategy.

What makes an entrepreneur successful? ›

Successful entrepreneurs are driven, ambitious and willing to take risks others won't. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.

What are the three most important habits to be a successful entrepreneur? ›

5 Essential Habits of Every Successful Entrepreneur
  • 1) They set goals for themselves. ...
  • 2) They learn something new everyday. ...
  • 3) They're persistent. ...
  • 4) They surround themselves with people that make them better. ...
  • 5) They seek new experiences.

What makes Elon Musk a good entrepreneur? ›

A clear vision: Musk has a very clear vision for his companies and what he wants to achieve. He knows exactly where he wants to take them and what he wants to accomplish. 2. Passion: Musk is extremely passionate about his work and his companies.

What is an example of Elon Musk being a good leader? ›

Elon Musk leads with a genius ability to detect talent, energy, smarts, and total commitment. He is most interested in problem-solving, the ability to get results through people, and a no-excuses, take-responsibility leadership style. He has little regard for formally educated, book-smart people and values creativity.

What made Elon Musk so successful? ›

Overall, Elon Musk's success can be attributed to a combination of factors including his intelligence, determination and innovative ideas. His Asperger's probably played a role in shaping his perspective and approach to problem solving and likely contributed to his success in certain areas.

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