Development of entrepreneurship

TEXT A

Read the text and be ready to do the tasks.

Read and translate the following words paying attention to the stress displacement.

ˈIndustry – inˈdustrial, eˈlectric – electˈricity, eˈconomy – ecoˈnomic, conˈtribute – contriˈbution, ˈable – aˈbility, creˈate – creaˈtivity, techˈnology – technoˈlogical, aˈssociate – associˈation, obˈserve – obserˈvation, expˈlore – exploˈration.

Millions new enterprises start each year despite more than a 50% failure rate. Consumers, business people, and government officials take an interest in this activity. This interest is evidenced in the increasing research in the subject, the increased number of courses in entrepreneurship, and the increased coverage by the media.

Starting and managing a new business involves considerable risk and effort to overcome all the inertia against creating something new. In creating and helping a new venture to grow the entrepreneur has all the responsibility for its development, growth, and survival, as well as corresponding risks and rewards.

Who wants to accept all the risks and effort involved in creating a new venture? The person may be a man or a woman, come from an upper – class or a lower – class background, have a college or a university degree or be a high school dropout. The person may have been a student, a teacher, an engineer, a salesperson, a manager, a retired person, etc.

Who is an entrepreneur? What is entrepreneurship? These frequently asked questions reflect the increased international interest in the field. In spite of all this interest, a concise, universally accepted definition has not yet emerged. The word entrepreneur is French and literally translated means “between – taker” or “go – between”. Let’s take a look at the entrepreneurship from a historical perspective.

Дата добавления: 2014-11-29