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Tuesday, 26 February 2019

Entrepreneurship and its Genetic Basis

                                     http://austinpublishinggroup.com/molecular-cellular-biology/



Itis impossible to consider firms independent of people. Firms are managed by a group of people who try to achieve some results. It is easy to start home-based businesses because they are part time activities. In these kinds of tasks, you can do the task you want to do easily. If the task is more complex and labour-intensive, difficulties emerge. As the operational area if the firm expands, multiple licenses, permits, offers and forms need to be acquired from several governmental agencies. Therefore, an entrepreneur is an important part of the organization.

Manufacturersproduce by deploying production factors. Production factors are the tools used by the manufacturers to produce goods and services demanded by society. Production factors can be categorized as labour (including entrepreneurship skills), capital and land. The fourth production factor that brings the three factors mentioned together and attempts to produce the goods and services demanded by the consumer by organizing these factors is called the entrepreneur. Entrepreneur is an important and scarce manufacturing factor as he takes on some risks while bringing related production factors together and undertakes some risks when making investment decisions. This entrepreneur is generally accepted as a dynamic manufacturing factor among these production factors and is considered different from labour in terms of administration or production, as it is the driving force of the organization. In order to accomplish the production activity an individual or individuals need to take the responsibilities that may emerge in the future. In this context, an entrepreneur is a strategic manufacturing factor that the economy cannot ignore. Organizations with large production cannot function without entrepreneurship. Clearly, entrepreneurship is a rare human resource when there is a general reluctance to take risks and lack of the skills necessary to coordinate the work.

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