The Difference between Business Schools in the West and the East
The Recruitment Process There are many differences between the business schools in the West and the East. Starting with the selection procedure, continuing to the pedagogical methods, including the structure of the courses, and the nature of the placement method, these differences are considerable and worth examining. First, if we start with the selection procedure, […]
Maslows Hierarchy and Employee Engagement
How to tap the potential of employees who are not actively engaged or are disengaged? Yes, the management studies conducted over last few years have revealed that only 11 percent of the total employee strength is actively engagement and feels a strong commitment towards their work and workplace. The rest 89 percent of the employees […]
Problems with Job Analysis
No process can be entirely accurate and fully serves the purpose. Job analysis is no exception to it. The process involves a variety of methods, tools, plans and a lot of human effort. And where ‘people’ are involved, nothing can be 100 percent accurate. However, they may be appropriate considering various factors including organizational requirements, […]
How to Deal with Envy at Workplace ?
Envy at work is a thing which is surely not easy to be dealt with, but must certainly be managed effectively to avoid ruining one’s own personal performance as well as organizational performance. Obviously, you must congratulate Michael on being promoted even if you think you deserved the promotion and you strived hard for it. […]
Why Performance Appraisals Have to be Data Driven Instead of Being Subjective
Employees Leave Managers Instead of Organizations due to Perceptions of Discrimination It is often the case that performance appraisals become the bone of contention between the managers and their subordinates due to differences over ratings and the resultant pay hikes and the quantum of bonuses. Indeed, it is quite common for employees to allege discrimination […]
Year 2001 goes into the annals of history as the most significant year of contribution made to YE through creation of Youth Employment Network, an initiative and partnership between United Nations, ILO and the World Bank. YEN was the outcome of the millennium summit that resolved to create and provide decent work opportunities for the Youth across the globe. YEN provides the global platform to exchange ideas, plans and framework to improve work opportunities for the youth through a network of developmental agencies, governments, business and economic communities as well as Youth groups and NGOs.
YEN has identified Employability, Equal opportunities for young men and women, Entrepreneurship and Employment creation as the four goal posts for furthering Youth employment.
Understanding the subject of Youth Entrepreneurship begins with trying to identify and define the different types of Youth Entrepreneurships. While some of the academicians have categorised Youth Entrepreneurship into Economic, Social, Public Entrepreneurship and Intrapreneurship the list of categories is exhaustive. With recent studies and based on the differentiation in the behaviour and attitudes, roles, functions, industry and many more relevant characterisations, new categorisation of Youth Entrepreneurship has been put forth by the researchers. We shall enumerate some of the important categories as defined by the new generation scholar Clarence Danhof.
The so called mavericks that are able to think out of the box, innovative new methods, processes and create new business opportunities out of their innovative ideas are known as Innovative Entrepreneurs. Currently we can name dozens of Innovative Entrepreneurs in the world. If Bill Gates and Steve Jobs made history in the recent past, they are being fast replaced by youth entrepreneurs like Jack Dorsey - founder of twitter, Sergey Brin, Larry Page of Google, Mark Elliot Zuckerberg who founded Facebook.
Most of the entrepreneurs in the developing countries and under developed countries who bring home tried and tested technologies from the developed world and establish them in the home country come under this category.
Youth entrepreneurs who take on the business from their previous generation and manage to grow the business without taking any major risk of deviating into new areas but improving efficiencies, processes and scale of operations etc are called Fabian Entrepreneurs.
Drone Entrepreneurs are the first generation Entrepreneurs who manage the business handed down to them and continue to look at running the enterprise smoothly without taking any risks. This kind of attitude may be said to be an individual train of the Entrepreneur that leads him to manage the inherited business in a steady mode.
Entrepreneurship is an outcome of a lot of factors including values, beliefs, attitudes, innate spirit, inborn leadership, and influence of environment, family, skills and many more. Therefore categorization of Youth Entrepreneurs can also be classified into several types based on various factors. Some of the classifications have been arrived at based on the type of business, based on technology, based on geography [Rural & Urban], as per Gender, scale of operations etc. Business entrepreneurship which is one of the significant and dominant categories can be further sub divided into Business, Trading, Industrial, Corporate, Agriculture, Retail, Service and Social Entrepreneurs.
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