Authors : Sahil Sagar

Volume/Issue : Volume 9 - 2024, Issue 1 - January

Google Scholar : http://tinyurl.com/r27pmj3d

Scribd : http://tinyurl.com/2stafj86

DOI : https://doi.org/10.5281/zenodo.10494931

Abstract : Entrepreneurship, a dynamic force driving innovation and economic development, plays a pivotal role in shaping contemporary business landscapes. This research paper explores the multifaceted dimensions of entrepreneurship, tracing its historical evolution, examining theoretical foundations, and dissecting the entrepreneurial process. We delve into the various types of entrepreneurship, from small businesses to social ventures and corporate initiatives, shedding light on their unique characteristics and contributions. The historical overview unveils the roots of entrepreneurship, highlighting key milestones and influential figures who have shaped its trajectory. Theoretical foundations, such as opportunity theory and the resource-based view, provide a conceptual framework to understand the entrepreneurial mindset and its transformative potential. The entrepreneurial process, a complex journey from idea generation to business growth, is dissected, emphasizing the critical stages of business planning, resource acquisition, and the challenges faced by entrepreneurs. Innovation and technology, intrinsic to entrepreneurial success, are explored through case studies that showcase the symbiotic relationship between entrepreneurship and cutting-edge advancements. Challenges encountered by entrepreneurs, ranging from financial constraints to regulatory hurdles, are scrutinized, accompanied by strategies for overcoming these obstacles. The social and economic impact of entrepreneurship is examined, focusing on job creation, economic development, and the emergence of social entrepreneurship as a positive force for societal change. The paper also investigates the supportive ecosystems that nurture entrepreneurship, including the roles of incubators, accelerators, and governmental policies. Through case studies, we delve into successful entrepreneurial ventures, distilling lessons from both triumphs and failures. As we cast a forward-looking gaze, the research outlines emerging trends and innovations in entrepreneurship. Global influences on entrepreneurial opportunities and the integration of technological advancements that will shape the future trajectory of entrepreneurship are explored. In conclusion, this research underscores the profound contributions of entrepreneurship to innovation and economic growth. It highlights the dynamic nature of the entrepreneurial landscape, acknowledging both challenges and opportunities. The recommendations for future research identify gaps in current knowledge, offering pathways for scholars and practitioners to further explore and contribute to the ever-evolving field of entrepreneurship.

Keywords : Entrepreneurship, Innovation, Economic Growth, Entrepreneurial Process, Small Business, Social Entrepreneurship, Corporate Entrepreneurship, Theoretical Foundations, Challenges in Entrepreneurship, Technological Advancements, Social Impact, Economic Development, Entrepreneurial Ecosystems, Future Trends in Entrepreneurship.