A Critical Assessment of the Role of Entrepreneurship Development in the 21st Century

Abstract

Entrepreneurship in the 21st century opens opportunities for people to understand the new ways of managing a business from a global perspective and how to use the latest technology available for humanity’s benefit. Entrepreneurship Development (ED) provides the platform to enable entrepreneurs to solve complex and challenging business models. Nevertheless, it is difficult to gather the requisite data to ascertain the accurate measure of variables that affect entrepreneurs’ development in the 21st century.  The study employed a content analysis technique to approach the significant objective of the study. The findings revealed that Entrepreneurship Competence is a crucial constituent of ED and houses educational competency, opportunity identification competency, learning competency, personal competency, technical competency, social responsibility competency, ethical competency, and technological and innovation competency. More so, entrepreneurial skills such as critical thinking skills, forecasting skills, influential skills, problem-solving skills, organizational skills, flexibility and adaptational skills, teamwork skills, global foresight, and practical communication skills are also needed for the sustainability of the businesses. The study proposed a framework that will promote the ED in this 21st century and further gives recommendations that will ensure the sustainability of their potentials.  

 

Citation: Agyemang Kwasi Sampene, Cai Li, Fredrick Oteng Agyeman, Brenya Robert, Laweh Nicholas, Semyalo Moses and Atampa  Awanam Salomon (2021) A Critical Assessment of the Role of Entrepreneurship Development in the 21st Century, European Journal of Business and Innovation Research, Vol.9, No.5, pp. 1-26

Keywords: Entrepreneurship Development, entrepreneurship competence, entrepreneurship skills, role of entrepreneurs

Article Review Status: Published

Pages: 1-26 (Download PDF)

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