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History of Entrepreneurship

 History of Entrepreneurship

Entrepreneurship is one of the ancient and renewable phenomena that contribute to indicating innovative and creative individuals in various business fields, while the foundations of entrepreneurship go back to the theory of oligopoly. The entrepreneurs took care to calculate the prices and quantities of the products that would be produced; In order to make the appropriate decisions for it, the economic thinker Marx considered the two entrepreneurs as agents of implementing change in the economy. By contributing effectively to society.

Entrepreneurship was influenced in its early years by a range of human sciences, such as economics, marketing, sociology, psychology, strategic management, and history. Which contributed to the emergence of many theories and explanations of the idea of ​​entrepreneurship, and the concept of entrepreneurship was known in the twentieth century AD, specifically in the decades of the sixties and seventies, but this concept spread widely in the eighties and nineties, so it was interested in mixing profits resulting from various commercial operations, and ideas presented from various Areas; By relying on innovating modern means of business implementation.

Entrepreneurship has acquired a variety of concepts; Because it was influenced by the administrative schools of thought that it studied based on the theories of each of them, and varied between the objectives of achieving innovation, creativity and profit that formed part of the production elements, including all the elements of the production process that seeks to continue the various establishments to implement their activities; By obtaining the appropriate support to contribute to promoting the development of the economy.

Before applying the concept of entrepreneurship in the reality of organizations, there must be a solid ground on which organizations rely in order for the process of entrepreneurial development to proceed as required, and before laying down practical steps to implement entrepreneurship, the concept of freedom of thought and innovation must be strengthened in the functional environment in order to create self-motivation for all Employees to express their creative opinions to bring about qualitative changes in the environment of business organizations. Fear of failure or taking unprecedented risks may push many employees who carry creative ideas away from the right path to bring about entrepreneurial development, and on the practical reality, the concept of entrepreneurship can be applied in organizations through the two steps. The following:

Determine the direction and amplitude of completion

An organizational plan that contains details of the achievement and its amount helps to identify the variables that must be addressed in the entrepreneurial process, and the presence of this plan helps to divide the stages of completion into known periods of time in order to monitor the organization’s work and the changes that occur to it and make comparisons between what is present Actually on the ground, and what has been planned in advance to make the appropriate corrections before the problems escalate and reach a stage where it is difficult to correct errors.

Organizational effort distribution It is imperative that, before applying the concept of entrepreneurship in the reality of organizations, the responsibilities that are assigned to all workers in the organizational environment are defined, and here comes the role of the leadership manager in determining the responsibilities of individuals based on their various abilities and skills, and the distribution of individuals into departments, each of which has specific job tasks, in addition to On the other hand, managers in the organization are interested in focusing on the strategic goals of the organization and trying to reach beyond these goals so that they can be reached.

Dave Castillo

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