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

Entrepreneurship and Innovation - date ExampleThis essay discusses that entrepreneurial strategies be bound by very idiosyncratic environment, imposingenvironment imposing certain(a) basic limitations on their strategy designs. The strategies of entrepreneurial marketing atomic number 18 the same as those in the stodgy marketing. The entrepreneurial organizations are resource constrained organizations beca work they do not approach the mass media to launch their products or campaigns. They have limited monetary, 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 growth of entrepreneurial line of descent are highlighted by the fact 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. Despite these facts entrepreneu rs 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 relate 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 tame the practical side of these barriers in most cases.