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Complete 12 pages APA formatted article: Principles of Entrepreneurship based on Apple.
Complete 12 pages APA formatted article: Principles of Entrepreneurship based on Apple. Entrepreneurship is the central pillar to economic development, job creation and social inclusion because successful entrepreneurs are those who think creatively to find and seize hidden business opportunities by innovating the products or services and by utilizing the latest technology and human capital. By analyzing various works of literature about entrepreneurship, Kuratko and Hodgetts (2008, p. 5) developed an integrated definition to acknowledge critical factors included needed for entrepreneurship. According to them, entrepreneurship is a dynamic process of vision, change, and creation, requiring energy application and passion towards the creation and implementation of new ideas and creative solutions. An entrepreneur is one who undertakes to organize, assume and manage the risks associated with a business organization. He is a visionary who can successfully implement change by managing resistance or other obstacles and the creator of something new. Joseph A Schumpeter, the father of entrepreneurship, viewed that the entrepreneur is an innovator. According to him, he is one who finds and takes an opportunity to seize it and to create a new product or service or its new variance and thus create a new marketable contribution to the economy (McDaniel, 2002, p. 57). He asserted that entrepreneurship is essentially a creative activity consisting of doing such things as are generally not done in the ordinary course of business (Milonakis and Fine, 2008, p. 212). Steve Jobs, the co-founder of Apple with Steve Wozniak, is a legend in the world of technology and the main brain-force behind world’s renowned brands such as Macintosh, iPad, and iPod. Steve Jobs pioneered the personal computer industry by changing the way people think about technology and innovation. When he died in October 2011 at his age 56, BBC wrote that he has been a ‘source of countless innovations that enriched everyone’s life and has made the world immeasurably better (BBC, 2011).
