Briefly discuss the status of entrepreneurship in Europe-01080
This subjective question is related to the book/course vu cs701 Theory of Computation. It can also be found in vu cs701 Mid Term Solved Past Paper No. 2.
Question 1: Briefly discuss the status of entrepreneurship in Europe.
Answer:
- Europe has only recently become interested in entrepreneurship.
- Risk taking has been discouraged and business failure considered a social disgrace.
- Several changes in the social and political climate have changed this traditional, security conscious culture.
- Exemplifying this new thinking are academics, especially scientists and engineers.
- Today more individuals are emerging in both academic circles and large companies who are look for a challenge.
- New government policies are making it easier to raise money for starting up businesses.
- The U.K. created the Business Expansion Scheme in 1983 to provide capital to new business ventures.
- In France several economic and social factors cause difficulties.
- Venture capital is managed by bankers, who are risk averse.
- 10. Another hurdle is the French contempt for both failure and success.
- 11. Research in Ireland and Sweden has explored the nature of European entrepreneurship.