There exists an ongoing debate on entrepreneurship but myths are obstinate. Encouraging mechanisms for financial development thanks to the entrepreneurship are not recognized for most of the players (only financially rich people).
What is the entrepreneur model for effectively contributing to the financial, social and environmental, regional and global development, increasing activities and continuing them?
It is not an easy job to analyze factors affecting a live and dynamic initiative culture. Organization for Economic Cooperation and Development (OECD) specifies more than sixty criteria in order to evaluate the power of the initiative culture of a region. However, many efforts aiming to determine a connection between the power of initiative culture and the spirit of initiative to be created in a company have come to nothing. Only criterion behind the establishment of this connection is the population growth rate.
We believe this article will be a source of inspiration for those players in the field. Entrepreneurship and entrepreneur will be emphasized.
Entrepreuneurship? A Financial and Social Phenomenon
An entrepreneur should be able to create a link between the needs and expectations rated by the company and his/her own attitudes and activities (Section 1), an individual can never ignore results of his/her research, its social secureness and his/her device by which he/she will record his/her activities and access to the relevant sources (Section 2).
Section 1
Enterpreneur Power Behind Financial Dynamics
Entrepreneur, who is defined as the one responsible for establishment of the company providing property and/or service and management of it, plays a specific and indispensable role in the development of the liberal and economic system. This brings about innovations, stands as a basis for rupture, creates companies and employment, and this helps economic renewal and reconstruction.
What are the contributions made by those entrepreneurs?
1) Establishment of the companies and revision of the parks
Establishment of the companies requires a great deal of factors. Newly founded companies constitute a heterogeneous structure (Bruyat,1993)
This conception involves three separate situations:
- Creation out of nothing (exnihilio): A company being established by an individual or a group; in this respect, speaking of establishment of a new company is rightful;
- Restarting a company: Borrowing, in whole or in part, activities and properties of an old company and establishing a new one;
- Activation of a company: Restarting a company, activities of which has been suspended.
2) Innovation
It is ‘presenting something new’ or ‘creating something new’ or ‘behaving in a new way’. According to paradoxical approach; innovator companies coming on the stage serve as threats against the companies which exist and have their own products in their own fields of activity but have not been successful in adapting their services to the time or renewing their technologies; thus, they become extinct (Schumpeter). Innovation is important and it makes the entrepreneur a vector of financial development. Entrepreneurs have to seek for the sources of innovation and the appropriate information relevant to the new improvements and creative opportunities. Together with the best success chance, they have to know the rules enabling innovations to be applied and know how to implement them. These improvements are standards for such a company that knows how to seek it and, by acting according to it, turn it into a profit.
3) Job creation
Establishing companies is a potential way of creating job sources and thus stands as a solution to the unemployment problem. With an intention to estimate job opportunities created by the establishment of companies, numbers are carefully given.
4) Company and institutions want to undertake responsibility
Companies and some institutions try to improve some of their qualities such as enterprises, risking, redirection to the opportunities, response and flexibility, and they try to gain them again and protect them. For this reason, they never hesitate to apply approaches to these innovations.
Most of the time, companies and institutions would like to preserve the mental condition of the company during the establishment stage. First comes the organization, second comes the mental condition. Large scaled companies and institutions pay great to the power of imagination, since it brings about a great deal of qualifications such as adaptive capacity, supportiveness and risking.
Entrepreneurship is the concept of seeking for opportunities in direction with valuable creative initiatives. It may also show the potentiality that individuals are more self-reliant.
5) Structural adaptation and social reintegration
Establishment of a company requires structural mutations, political, technological, social or organizational changes. These mutations and changes bring up uncertainties and they will cause opportunities to become observable in terms of the establishment of new economic activities.
Establishment of companies serves as a strong means of reintegration. This enterprise, reliability and for undertaking and this would create short term or long term employment opportunities for jobless people.
Pascal Kokou Adalessossi
* This article was taken from “Africa Time” magazine (November 2014 Edition) by demanding all necessary permissions for copyright.
