Entrepreneurship and Innovation Assignment Example | Topics and Well Written Essays - 3000 words

Entrepreneurship and Innovation - Assignment ExampleThis essay discusses that entrepreneurial strategies atomic number 18 bound by actually idiosyncratic environment, imposingenvironment imposing certain basic limitations on their strategy designs. The strategies of entrepreneurial marketing are the same as those in the conventional marketing. The entrepreneurial organizations are resource constrained organizations because they do not approach the mass media to launch their products or campaigns. They founder limited financial, human and technical resources. But they do have creativity and time which they use as resources to accomplish their management and marketing goals. The meaning and significance of the barriers to developing of entrepreneurial business are highlighted by the circumstance that entrepreneurial business is mostly surrounded by lack of monetary and, financial and technical and man power resources in the initial and early stages of its development. disdain thes e facts entrepreneurs are surrounded by barriers that limit their growth and financial stability. From the foregoing discussion and analysis, the researcher can conclude that entrepreneurial firms are surrounded by certain growth barriers peculiar to their stage of business development. These barriers are mostly related to manpower, material, technical and eventually financial in nature. These barriers hinder and impede the growth and expansion of entrepreneurial business and if an entrepreneur sets in motion a process of 4 Is as described, he can overcome the practical typeface of these barriers in most cases.