Sample Essay on Entrepreneurship


Cuervo, Ribeiro and Roig define entrepreneurship in their book as a process of assessing, discovering and exploring new opportunities. It is a process that involves discovery of new services, products and new production processes. Entrepreneurship is additionally a process that involves innovating latest approaches, markets and organizational structures for goods as well as inputs that were not in existence.

Entrepreneurial opportunities according to the authors are in existence because different business people have different ideas on relative resource’s value. This article therefore discusses the concepts, theories and entrepreneurship perspectives in detail. The concepts also describe entrepreneurship as a scientific study program.

The theories further explain past research on entrepreneurs and any future likely challenges as well as paradigms that have emerged in the field presented. Wealth creation in a country and dynamism are also highly dependent on competitiveness of its firms. This in return relies more on knowledge of directors and entrepreneurs.

This book also aims generally at developing entrepreneurship as a scientific research program. This is a new field of study in relation to the writings of popular economists back in the 18th and 19th century.

Martin, M. J. C., & Martin, M. J. C. (1994). Managing innovation and entrepreneurship in technology-based firms. New York: Wiley.

This book focuses on methods and principle that can be used to build efficient and effective prolific business operating systems in institutions that are technologically advanced, which, must create new items with competitive benefits. The author also described techniques that can be used efficiently in small high tech customer goods and large complex systems that need minimizing of waste, cost control and product development.

Some of the methods that can be applied for tactical benefits have been discussed giving suggestions on strategic plans, their benefits and disadvantages depending on a product and available market. Martin’s main purpose of writing the book was to provide a very clear framework to enable managers from different professional backgrounds to develop efficient and effective productive systems of work to help increase the company’s production level.

He has also provided different tools for trade, strategic plans for industries and markets and programs for technology development, techniques applicable for project planning and different market analysis techniques.

Schaper, M., & Volery, T. (2007). Entrepreneurship and small business. Milton, Qld: John Wiley & Sons Australia.

Authors of this book have also discussed major concerns involved in business management. The book therefore offers a very detailed description of entrepreneurship, its concepts and development. It is also challenging to develop a person’s businesses profession. This book is additionally very useful in offering learners clear facts on entrepreneurship, for instance, how to start and run a productive business.

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The book also has major tools and concepts needed for operation of small business and entrepreneurship. Schaper and Volery also define key entrepreneurship factors as a market opportunity, organization of the business, availability of resources and favorable business environment.

The responsibility of an entrepreneur is additionally to combine factors that offer a new value. According to the author’s, economic growth is highly dependent on the functionality of business persons. Growth rate of a country’s economy can also be measured by the quality of a country’s entrepreneurship.

Economic growth does not just occur because of availability of resources and technological advancements but also because of enhanced entrepreneurship activities.

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Cuervo, G. A., Ribeiro, D., & Roig, S. (2007). Entrepreneurship: Concepts, theory and perspective. Berlin: Springer.

Martin, M. J. C., & Martin, M. J. C. (1994). Managing innovation and entrepreneurship in technology-based firms. New York: Wiley.

Schaper, M., & Volery, T. (2007). Entrepreneurship and small business. Milton, Qld: John Wiley & Sons Australia.