The Role of Entrepreneurship in Economic Development
Issue:
Volume 4, Issue 6, November 2019
Pages:
87-90
Received:
9 August 2019
Accepted:
18 October 2019
Published:
4 December 2019
Abstract: Entrepreneurship is one of the most Important Inputs in the Economic Development of a country. According to Harbison, entrepreneurs are prime movers of innovation. Entrepreneurship is known for the high risks involved in launching a startup. The fact is people often suffer failures along the path to success, and some businesses have to close, due to a lack of fund, sales decisions, or a lack of demand in the market. That’s why entrepreneurship is mostly viewed as something risky and out of the comfort zone. Enterprise takes courage to make one’s dreams come true and see possibilities, solutions and opportunities for the future where others see only problems. Entrepreneurship is all about putting to better use the resources which are considered to be of low value with an aim of earning income. Economic growth is measured in terms of a sustained increase in real income. It is the entrepreneurial communities who complement and supplement the economic growth increase per capita income by identifying and establishing profitable business ventures. Entrepreneurs supplement the economic growth by enhancing the physical quality of life. Establishment of enterprises leads to increase in employment avenues both directly and indirectly. Consequently, poverty is alleviated as per capita income grows. This results in improving the physical quality of life which is an indicator of economic growth. Entrepreneurs help in the growth of infrastructural facilities such as roads, bridges, buildings, factories, etc. which are the cornerstones of economic growth. Establishment of factories and industries in a particular locality presupposes the growth of infrastructural facilities.
Abstract: Entrepreneurship is one of the most Important Inputs in the Economic Development of a country. According to Harbison, entrepreneurs are prime movers of innovation. Entrepreneurship is known for the high risks involved in launching a startup. The fact is people often suffer failures along the path to success, and some businesses have to close, due t...
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The Platform Business Model Canvas a Proposition in a Design Science Approach
Issue:
Volume 4, Issue 6, November 2019
Pages:
91-107
Received:
7 November 2019
Accepted:
16 December 2019
Published:
24 December 2019
Abstract: Literature research has shown that there is no proven business model canvas for platforms. Such a canvas would be a vital tool that provides added value to companies and innovators for various purposes: sharing, communication (internal and external), description, analysis, management, planning and partnering. In addition, a platform business model canvas helps follow a systematic but also pragmatic approach with regards to the transformation of a pipeline business to a platform business, the task to design a new platform or to describe an existing platform business model. The goal of this research is therefore to create a platform business model canvas that is easy to use and helps capture platform business models in a comprehensive and effective way following the Design Science Approach. The basic components/building blocks and the necessary perspectives for the platform business model canvas, are derived from literature. The need for three or more perspectives, is furtherly discussed on basis of Osterwalder’s business model canvas by outsourcing dimensions of control. Components and perspectives are subsequently verified through a qualitative analysis of the about-us-pages of 32 platform websites. The components/building blocks and perspectives are then put together to form a platform business model canvas, which is then evaluated through an illustrative case study explaining the platform business model of eBay.
Abstract: Literature research has shown that there is no proven business model canvas for platforms. Such a canvas would be a vital tool that provides added value to companies and innovators for various purposes: sharing, communication (internal and external), description, analysis, management, planning and partnering. In addition, a platform business model ...
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