Module Name: Business Innovation

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Module Name : Business Innovation

1- According to Anderson (1995 ' role models ' play an important part in the promotion of Entrepreneurship . Critically evaluate this statement including references to regional /state initiatives to further develop and sustain an ' enterprise culture

It is largely true that businesses are able to grow and expand more when they are in a position to draw from other existing businesses (Bruin 2003 . This is more or less like human beings are able to take after

certain people characterwise if such people are their models . Businesses are able to grow to almost exponential proportions when they receive the impetus they need to grow . However , the kind of modeling that is practiced here is that which comes from the availability not only of other businesses but of the required infrastructural and financial support (Krueger 2002 . If the government , both at regional and national level , is able to provide these conditions or a general favorable atmosphere for business enterprises to flourish , then such nations and /or regions will experience a real tremendous growth in business This is unlike where there is no such a move (Bruin 2003 . Enterprise cultures are , therefore , only able to be promoted in the country and its many regions if there are in place mechanisms which encourage entrepreneurs to set up enterprises . The baseline here is favorable conditions . If the conditions are right then , like a plant , enterprises will spring up and flourish . However , if there...