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Promoting Entrepreneurial Development in Ethiopia

Abstract: 

<p>Entrepreneurship is an important and until fairly recently, sadly neglected subject. The literature is externally diffused. It has been recognized that the entrepreneurial function is a significant variable in the development process. Recent empirical evidence and the lessons of experience both seem to confirm this view. More specifically, an entrepreneurship development programmed aims at developing a critical mass of local entrepreneurs who have the capacity to: search and discover economic opportunities, evaluate the opportunities, marshal the financial resources necessary for the enterprise, make time-binding arrangements, take ultimate responsibility for management, be the ultimate uncertainty and/or risk bearer, provide and be responsible for the motivational system within the firm, search and discover new economic information, translate new information into new markets techniques, and goals, and provide leadership for the work group. The constraints common to all entrepreneurship development programmer initiatives can be explained by what is referred to as PEEST meaning political, educational, economic, social and technological considerations. The need to ease such problems calls for political back-up enhancing the capacity of related institutions, teaching entrepreneurship at various levels to bring about attitudinal change, providing adequate credit to newly established or expanded local enterprises, providing business management support to entrepreneurs, exercising indigenous cultural and social values that are compatible with entrepreneurship, and improving technological capabilities. Such measures alone will not by themselves assist to enhance entrepreneurship as desired unless complemented by such initiatives as putting in place competent economic management, efficient bubbles service and sound infrastructure, establishing institutional capacity for policy development and coordination, reviewing the role of lending institutions&#39;, and establishing sound information systems on micro- economic behaviors and markets</p>

Corporate Author: 
Gebrehiwot Ageba, Jemal Mohammed and Solomon Tesfay (Editors) , Ethiopian Economic Association(EEA) , Department of Economics of AAU & Fredrich Ebert Stifung
Publisher: 
Ethiopian Economic Association (EEA)
Primary Descriptors: 

<p>Development</p>

Secondary Descriptor: 

<p>Organizational change</p>

Geographic Descriptors: 
Ethiopia
Cataloge Date: 
02/27/2013
Broad Subject heading: 
Entrepreneur
Call Number: 
338.963 PRO 2002
Serial Key Title: 
Proceedings of the Eleventh Annual conference on the Ethiopian economy
Publication catagory: 
Content type: 
Publication date: 
2013-12-27 00:00:00
Forum or Discussion date: 
2013-02-27 00:00:00
Conference Place: 
Nov. 2-4, 2001, Nazareth, Ethiopia
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Book
Current frequency: 
Annualy
Thematic area: 
Policy Reform, Implementation and outcome in Ethiopia