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Training is essential for producing an able corps of entrepreneurs who not only survive
and thrive, but also contribute to the local and ultimately the global economy. Defining
the feature of entrepreneurship in today’s global economy is to focus on the political
and economic empowerment of women that translates into access to financial resources, increased opportunity for education and training, decision-making capacity and freedom
of living. An entrepreneur should possess proper knowledge and skill, right people,
and adequate resources. Entrepreneurship is a highly personal and subjective process.1
Becoming an entrepreneur is an evolution of encountering, assessing, and reacting to
a series of experiences, situations, and events produced by political, economic, social,
and cultural change. These diverse circumstances prompt individual entrepreneurs to
modify their personal living conditions.
An enterprise could not be run without sufficient training. 2 After the Second World
War, concern for economic development became all-pervasive. There was a growing
concern for economic development, which increased the interest in entrepreneurship
with primary focus on exploring practical measures to augment the supply of
entrepreneurs, i.e. persons with competence and aptitude to initiate, nurture and
expand industrial enterprises. This resulted in the idea of providing education and
training to inculcate and develop entrepreneurial capabilities in people to set up their
own enterprises. Subsequently, programs directed towards this goal were conceptualized.
Entrepreneurship is a prerequisite for rapid industrial and economic development of
the less developed and economically not self-reliant countries. |
