Briefly discuss the status of entrepreneurship in Europe-01080

Online Quiz 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.

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.

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