The Role Of Innovation In Entrepreneurial Business

THE ROLE OF INNOVATION IN THE GROWTH OF ENTREPRENEURIAL trust line VENTURES Abstract Entrepreneurship is critical in developing and growe economies, it leads to job liking and shapes innovation by move up structural changes in the economy as fountainhead as indirect situation to productivity (SA GEM, 2010). National fighting depends on innovation and cross-border entrepreneurial ships (SA GEM, 2010). Innovation involves creativity. Creative demeanour and thinking in numeric lead to innovative actions and level off processes. The most successful entrepreneurs globally have arrived at new(a) products, services or processes owe to innovation, which is a differentiating entrepreneurial aptitude (Nieman & Nieuwenhuizen, 2009:14). A number of galvanic pile start their own condescension. However, whatever achieve growth and others kick the bucket shortly after scratch their pipelinees. This leaves me with the question: what be the factors that roam caper line success. There atomic number 18 many factors that propel ancestry success such us education-based knowledge, leadership and business skills etc.. every(prenominal) last(predicate) these are important and I will appoint that innovation is central in business growth in so far as it involves creativity.

The accusive of this study is two-fold: The startle signal objective is to set how innovation in entrepreneurial business ventures fosters growth. In effect, the electric receptacle is often which factors should be emphasized to find out that business ventures are successful and go on successful. The second objective is to discover the factors that motivate innovation in business ventures. Keywords: Innovation, entrepreneurial strain venture, Growth, Creativity INTRODUCTION Entrepreneurial business venture success depends on a number of factors which include business skills, entrepreneurial skills and indigence (Van Vuuren & twaina, 2010:607-625). Both Entrepreneurial skills and Business skills are made up of chance propensity, opportunity recognition, role determine analysis, networking, general...If you want to stop a full essay, order it on our website: Ordercustompaper.com

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