MODULE 2 - REVIEWER.pdf

MODULE 2: REVIEWER of venture capital, and remote work opportunities. Entrepreneurial Development Entrepreneurial Development:...

MODULE 2: REVIEWER of venture capital, and remote work opportunities. Entrepreneurial Development Entrepreneurial Development: Introduction: Entrepreneurial development has evolved significantly through four major historical Key Components: periods: the Stone Age, Agricultural Revolution, 1. Education and Training: Skill and Industrial Revolution, and Information Age. knowledge enhancement. 1. Stone Age (5 million – 10,000 B.C.): 2. Mentorship and Support: o Overview: The earliest period with Guidance and networking. basic stone tools. 3. Access to Capital: Securing o Key Developments: Tool making, funding and managing finances. trade networks, and early problem- 4. Innovation and Creativity: Idea solving. generation and R&D. o Impact on Entrepreneurship: 5. Market Analysis: Understanding Demonstrated resource utilization markets and competitors. and survival-driven innovation. 6. Regulatory and Legal 2. Agricultural Revolution (10,000 B.C. – Framework: Compliance and 5,000 B.C.): intellectual property. o Overview: Shift from nomadic to 7. Infrastructure and Technology: settled agricultural communities. Business facilities and tech tools. o Key Developments: Importance: Domestication of plants/animals, permanent settlements, and labor 1. Economic Growth: Job creation specialization. and innovation. o Impact on Entrepreneurship: 2. Social Impact: Community Emergence of economic systems, development and problem-solving. agricultural innovations, and social structures. 3. Personal Development: Skill enhancement and empowerment. 3. Industrial Revolution (1800 – 1950 A.D.): 4. Global Competitiveness: Market o Overview: Rapid industrialization expansion and adaptability. and technological innovation. Conclusion: Entrepreneurial development is o Key Developments: crucial for economic growth, innovation, and Mechanization, urbanization, and societal progress. It involves nurturing skills, advancements in providing resources, and creating supportive transportation/communication. environments for business growth and success. o Impact on Entrepreneurship: Mass production, innovation surge, and new corporate structures. 4. Information Age (1950 – Present): o Overview: Rise of digital technology and the internet. o Key Developments: Digital revolution, globalization, and innovation ecosystems. o Impact on Entrepreneurship: Access to digital platforms, growth