The Significance of Entrepreneurship in Building Stronger More Resilient Societies
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Significance of Entrepreneurship in Building Stronger More Resilient Societies
Entrepreneurship is the process of creating and developing new business ventures, products or services, with the goal of generating profits and adding value to society. The significance of entrepreneurship in building stronger, more resilient societies is undeniable. Entrepreneurship plays a vital role in job creation, innovation, economic growth, and social development.
Job creation is perhaps one of the most significant contributions that entrepreneurship makes to society. Entrepreneurship creates new businesses that provide jobs and employment opportunities to individuals. These jobs can be in various sectors, such as technology, manufacturing, healthcare, education, and many more. These jobs, in turn, generate income for the workers and their families, which helps to reduce poverty and improve living standards. Additionally, entrepreneurship also fosters a culture of self-reliance and independence, as people create their businesses and become their bosses.
Entrepreneurship is also a significant driver of innovation, which is essential for creating and sustaining a strong, resilient society. Entrepreneurs are often at the forefront of innovation, developing new products, services, and processes that disrupt existing industries and create new markets. Innovation can lead to improved efficiency, lower costs, and better quality products and services. It also helps to address societal challenges and creates solutions to complex problems. For example, the COVID-19 pandemic saw an influx of entrepreneurs developing innovative solutions to combat the virus and its effects on society.
Economic growth is another critical area where entrepreneurship has a significant impact. Entrepreneurs create new businesses that contribute to the growth of the economy by increasing productivity, stimulating competition, and creating wealth. The success of entrepreneurs often leads to job creation, increased tax revenues, and increased investment, which helps to boost economic growth. Additionally, entrepreneurs also create new markets and attract foreign investment, which can help to diversify the economy and reduce dependence on a particular industry or sector.
Entrepreneurship also plays a crucial role in social development. Entrepreneurs are often passionate about making a positive impact on society and use their businesses to achieve this goal. Social entrepreneurship, in particular, is focused on creating businesses that have a social or environmental impact, in addition to generating profits. Social entrepreneurs work towards creating solutions for societal issues such as poverty, inequality, environmental degradation, and access to education and healthcare. These entrepreneurs often operate in developing countries or underserved communities, where traditional businesses may not be present, and government services may be inadequate.
In conclusion, entrepreneurship plays a vital role in building stronger, more resilient societies. The impact of entrepreneurship extends beyond job creation and economic growth and encompasses innovation, social development, and a sense of self-reliance and independence. Entrepreneurs are essential drivers of change, and their contribution to society is significant. Therefore, it is essential for governments and other stakeholders to support and promote entrepreneurship through policies and initiatives that encourage innovation, provide access to funding and mentorship, and create an environment that fosters creativity and growth.
The Significance of Entrepreneurship in Building Stronger More Resilient Societies
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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