8/14/ · Personal Narrative: My Passion In Music Entrepreneurship. Topics: Love, Song, Bertelsmann Music Group Pages: 5 ( words) Published: August 14, My current ability in music entrepreneurship is at the very beginning on a professional level, but my passion for music began at a very young age. Growing up, I was surrounded by music The maps above demonstrate the differences between rates of IDE and NDE in countries across the globe between the years of and As seen in these maps, counties can have very different rates of NDE and IDE, and these differences highlight the need for a distinction between the two kinds of entrepreneurship to accurately convey the entrepreneurial motivations in each nation I Love Entrepreneurship Ever since I can remember, I have wanted to have my own business. When I was 3, I wanted to have a used car dealership and sell my favorite kind of car Saturns
Essay about Personal Narrative: My Passion In Music Entrepreneurship - Words
Entrepreneurship refers to the creation and development of a business in order to make a profit. Dominant conceptions of entrepreneurship largely characterize the entrepreneurial experience as a risk-taking, innovative venture motivated by the desire to exploit lucrative market trends Elifneh When thinking about entrepreneurship, one usually envisions a young entrepreneur with business expertise and hard-earned starting capital, eager to develop his idea into a profitable business.
However, narrative essay about entrepreneurship, an ongoing debate in entrepreneurial literature and research questions this monolithic conception of entrepreneurship. Many argue for a more nuanced understanding of the term-one that frames entrepreneurship as a broader concept with dichotomous subcategories. The nature of entrepreneurial engagements is contingent on the motives of the entrepreneur and the surrounding socioeconomic, cultural, and political environment Baptista Given this, two terms have emerged in the literature narrative essay about entrepreneurship distinguish between two subtypes of entrepreneurship, narrative essay about entrepreneurship.
The first is improvement-driven entrepreneurship IDEwhich describes entrepreneurial engagements that are motivated by a desire to exploit a business opportunity. Improvement-driven entrepreneurs attempt to innovate, invest, and improve upon and existing product or service, narrative essay about entrepreneurship, usually in a way that is driven by economic theory and educational expertise.
IDE is most aligned with first-world understandings of entrepreneurship, and this hegemonic conception has overshadowed the second type of entrepreneurship, necessity-driven entrepreneurship. NDE refers to entrepreneurship motivated by financial necessity and the desire for survival.
Necessity-driven entrepreneurs are much less likely than improvement-driven entrepreneurs to have a business education and extensive knowledge about growing a business. As such, NDE and IDE operate in fundamentally different ways Bruton The maps above demonstrate the differences between rates of IDE and NDE in countries across the globe between the years of and As seen in these maps, narrative essay about entrepreneurship, counties can have very different rates of NDE and IDE, and these differences highlight the need for a distinction between the two kinds of entrepreneurship to accurately convey the entrepreneurial motivations in each nation.
We find that on average, richer, narrative essay about entrepreneurship, more developed countries tend to have higher rates of IDE and relatively lower rates of NDE, narrative essay about entrepreneurship, whereas poorer, developing countries have lower rates of IDE relative to rates of NDE.
This trend appears for several reasons. First, countries with higher HDI indexes tend to have more developed financial and human capital infrastructures, which makes IDE much more accessible and efficient Karadag3. For instance, an entrepreneur in the United States has access to more information, investments, and entrepreneurial capital than an entrepreneur in Angola. Conversely, developing countries with lower HDI indexes lack institutions and structures that can accelerate improvement-driven opportunities Schott The amount of entrepreneurial expertise and business education centralization is much lower in these countries, and thus rates of IDE are relatively lower compared to those of more developed countries.
Second, developing countries tend to have higher rates of poverty, economic fragility, and political instability. Angola, for example, experienced decades of Civil War in the late s and lacks the centralized economic and political institutions needed to keep people out of poverty Hurst On the other hand, richer countries by definition have lower rates of poverty and have more safety net systems for the poor. For instance, Canada has low rates of NDE probably because good welfare benefits and other economic structures prevent people from needing to engage in NDE Mejia When thinking about underdeveloped countries, one needs to orient their understanding of entrepreneurship in a way that captures the necessity and desperation behind entrepreneurial engagements.
Reframing the analysis of entrepreneurship in this way has several substantive implications that are discussed later. The data and literature both show that across time, changes in NDE and changes in IDE are inversely related.
That is, when IDE increases, NDE decreases and vice versa. The visualization below also illuminates this relationship. Research on changes in NDE and IDE correlate economic recessions with decreasing rates of IDE and increases in rates of NDE.
Conversely, economic booms are associated with increasing rates of IDE and decreasing rates of NDE, generally Fariastuti We are inclined to agree with the literature on the reasons for this relationship. When economic recessions hit, disposable income and profit potential contracts which discourages improvement-driven engagements and increases NDE Fariastuti The financial and political instability of the country may have contributed to the rise in poverty, narrative essay about entrepreneurship might have led to increases in NDE.
Also, the broken financial foundation of the state probably discouraged IDE. When economic booms occur, theory explains that disposable income, profit potential, and investment value increases, making IDE a much more attractive engagement. Entrepreneurship can still function as an umbrella term for its two types, which are operationally related. Narrative essay about entrepreneurship large amount of data silence exists on the topic of entrepreneurship, especially as it relates to Narrative essay about entrepreneurship and IDE.
Within the GEM dataset, almost every single country lacks data for a certain indicator, but the countries which lacked the narrative essay about entrepreneurship data were the least developed. It follows, then, that the countries narrative essay about entrepreneurship left out of our dataset were the smaller, poorer, and less internationally relevant ones.
Data silence on this topic is important because it perpetuates the first-world understandings of entrepreneurship mentioned at the beginning.
It creates an exclusive discourse about entrepreneurship that only rich and accessible countries get to participate in. African countries, which are more likely to have high rates of NDE, are situated in silence Fariastuti As a result, the truth about entrepreneurship takes into account only what we have data on, and this data tells a one sided story about entrepreneurship, narrative essay about entrepreneurship, characterizing it as an ambitious venture that yields profitable outcomes aka IDE.
In sum, the lack of data on entrepreneurship in underdeveloped countries creates a silence that contributes to the construction of a misled narrative about what entrepreneurship is Bruton The packed bubbles graph displayed above conveys the data silence present within our original data set on entrepreneurship.
The size of the bubbles corresponds to the number of rows of data within our dataset pertaining to countries with differing Human Development Indexes HDI. Underdeveloped countries have the narrative essay about entrepreneurship amount of recorded data, narrative essay about entrepreneurship, showcasing the data silence present relating to countries with the lowest HDI within our original dataset.
The distinction between NDE and IDE reframes our understanding of entrepreneurship most fundamentally by illuminating the dichotomous nature of the term. We know that NDE and IDE operate in fundamentally different ways, and that their prevalence is correlated with the maturity of sociocultural, political, and economic infrastructures in a given country.
By studying data on the rates of NDE and IDE in over countries over a 17 year period, we find that richer countries tend to have higher IDE and lower NDE while poorer countries have the opposite.
This duality supports the need for the distinction between the two types of entrepreneurship, narrative essay about entrepreneurship. The inverse relationship between changes in NDE and IDE also support the need for this distinction. Given these findings, we see entrepreneurship as concept whose substantive meaning is contingent on the motives and socioeconomic situation of the entrepreneur.
It is, in many parts of the world, born out of necessity and desperation rather than out of the desire to improve upon a product or service for large-scale profit. A deeper understanding of entrepreneurship and its two types is significant for several reasons, narrative essay about entrepreneurship.
First, it informs how governments and agents can intervene to improve the well-being of entrepreneurs around the world. Second, the distinction between NDE and IDE provides a better way to evaluate the quality of entrepreneurial activity in a given country or region, narrative essay about entrepreneurship. Third, an acknowledgement of the diversity in entrepreneurship is a critical step in eliminating the lack of data and research interest in entrepreneurship among indigenous populations and third-world countries, narrative essay about entrepreneurship.
Governments often attempt to increase new business activity by adjusting interest rates, changing minimum wage laws, protecting intellectual property rights, and enacting other business relevant policies Baptista The distinction between NDE and IDE enhances this process. For instance, in countries with higher levels of NDE, it is important to understand which policies help necessity-driven entrepreneurs the most.
If the state increases the minimum wage or increases new business regulation, this could disproportionately harm NDE because these entrepreneurs are less likely to have the human and financial capital to deal with these policies Miller8.
Conversely, in countries with higher rates of IDE, it might be beneficial to focus on adjusting interest rates, which could increase the flow of improvement-driven investments Pettinger In short, because Narrative essay about entrepreneurship and IDE operate in fundamentally different ways, state entities can tailor policy interventions to account for this distinction.
As a result, policies that aim to improve the quality of entrepreneurship in a given country are more effective and focused. Basic measurements of entrepreneurship in a given country do not distinguish between the relative prevalence of NDE and IDE, which can lead to a misleading evaluation about its entrepreneurial activity. It could be the case that most entrepreneurship narrative essay about entrepreneurship necessity based because the country is experiencing an extreme economic recession.
It could also be the case that most entrepreneurship is improvement based due to superb entrepreneurial infrastructure in the country. Standardizing measurements that distinguish between NDE and IDE can clarify this ambiguity and improve the accuracy with which we evaluate entrepreneurship levels around the world, narrative essay about entrepreneurship. Without this distinction, a country with high levels of NDE might otherwise be interpreted as having a healthy and growing economy.
As such, a reframed conception of entrepreneurship has the power to create more accurate narratives and assessments of entrepreneurship in different countries. Data silence surrounding entrepreneurship in third-world countries homogenizes our understanding of entrepreneurship as improvement-driven, which cyclically perpetuates that silence.
By acknowledging the existence of dual types of entrepreneurship, we are taking the first step in eliminating data silence. When NDE and IDE are situated as coequal subcategories of entrepreneurship, there is more opportunity for research and data collection on the former, which is likely to fill the data void we see today. Hopefully, subsequent research pursuits focus more on entrepreneurship in underdeveloped countries and amongst indigenous populations—only then can our conception of entrepreneurship be fully accurate, operational, and inclusive.
Home Narrative. What is Entrepreneurship? NDE vs IDE: A Distinction The nature of entrepreneurial engagements is contingent on the motives of the entrepreneur and the surrounding socioeconomic, cultural, and political environment Baptistanarrative essay about entrepreneurship BELGIUM CHINA GREECE URUGUAY.
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Narrative Inquiry: The Personal Entrepreneurship Experience Entrepreneurship is a large part of everyday living and an important part of society and the American dream. “Evidence along a number of dimensions and a variety of sources points to a US economy that is becoming less dynamic The maps above demonstrate the differences between rates of IDE and NDE in countries across the globe between the years of and As seen in these maps, counties can have very different rates of NDE and IDE, and these differences highlight the need for a distinction between the two kinds of entrepreneurship to accurately convey the entrepreneurial motivations in each nation 8/14/ · Personal Narrative: My Passion In Music Entrepreneurship. Topics: Love, Song, Bertelsmann Music Group Pages: 5 ( words) Published: August 14, My current ability in music entrepreneurship is at the very beginning on a professional level, but my passion for music began at a very young age. Growing up, I was surrounded by music
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