Entrepreneurship Innovation and Business

Entrepreneurship Innovation and Business This book can give the reader an idea about entrepreneurship, skills about successful entrepreneurs, how to build a business plan in addition to basic knowledge about the importance of innovation in the discipline of entrepreneurship. Entrepreneurs are required to lead themselves and all their efforts. To be a great entrepreneur, it is desirable to have an intact personal character, strive to have sufficient production resources and be able to compete in the business environment, identify the opportunities that exist, while innovating towards advancing the potential so that every activity undertaken is successfully developed. Successful entrepreneurs also excel in entrepreneurial activities that Jilo Virals – The Best Movie Streaming Site emphasize religious demands perfectly in line with the spirit of al-Falah.

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Entrepreneurs need a level of creativity, innovation

The presence of the Fourth Industrial Revolution (IR4.0) which brings together the development of new computing and automation technology will further accelerate changes in computing and automation technology. He also seeks to increase human dependence on him. Thus, no one can escape from accepting this technological pressure. IR4.0 focuses more on a more systematic integration between manufacturers, customers and suppliers. It is supported by a combination of technologies that are more dynamic in producing products that are unique and always fulfill customer desires.

Entrepreneurship Innovation and Business Thus, the performance of a business needs to take into account the risks of the business environment in which it operates. IR4.0 is based on nine technology trends. These include simulation technology, internet-of-things (IoT) industry, systems integration, cybersecurity, cloud computing, manufacturing of augmented materials, augmented reality (AR) systems, highway data analysis and robotic automation. In this increasingly strong and challenging business environment, entrepreneurs who have knowledge and expertise are needed in the market because it is a necessity for entrepreneurs to make quick and accurate decisions.

External Environment

However, many entrepreneurs fail to manage a business in a challenging and ever-changing business environment. The reason is the lack of effort in dealing with situations like this. In this discussion, the intended business environment is the external environment that is likely to affect the course of a business operation. The external factors consist of competitors, users, the role of the government, the role of financial institutions and marketing opportunities.

The external challenges faced may be in terms of trade competition, changes in customer tastes, current economic conditions, political situations and so on. Therefore, to remain competitive, every business needs to pay attention to changes in this business environment. Appropriate response can help a business to move in line with competitors, or perhaps even faster.

Dynamic Environment

Entrepreneurship Innovation and Business The dynamic environment accelerates the formulation of strategies to give rivals to competitors. In addition, cooperation between one business and another will have a positive and more efficient impact. Based on the investigation in the best CHRO event, the dynamic environment is the changes that occur in the business environment. Researchers argue that the concept of this dynamic environment is the same as the concept of turbulent environment.

Businesses that operate in this dynamic environment require a degree of innovation in order to be competitive. Therefore, this scholar believes that every entrepreneur needs to prepare himself with education, knowledge and skills to enable them to move quickly in commerce. The dynamic environment requires the ability of entrepreneurs to think and act creatively towards business opportunities.

Important For Entrepreneur

Entrepreneurship Innovation and Business, This is because, the results of knowledge and skills obtained from training and education allow entrepreneurs to increase their creativity to innovate. It turns out that entrepreneurs will find it difficult to compete if a business only carries out limited innovations, even though competitors are moving forward and maximizing the use of the latest technology. Uncertainty about the influence of the business environment will affect business performance. For a business that wants to prosper, a concerned business needs to make efforts to deal with the influences of this business environment.

For example, every business will experience a situation of uncertainty regarding the annual sales value and also competition. Every business does not think about the exact size it will face this challenge, but how it is faced depends on the wisdom of a businessman to devise a strategy to deal with the challenges that arise. Businesses that have a high human capital value try to deal with this problem, while businesses that lack human capital value perceive pressure from the business environment as a threat, then fail to deal with this crisis. Therefore understanding the risks of the business environment is very important for entrepreneurs.

NUS, an Indonesian university, cooperates to stimulate entrepreneurship, innovation

The National University of Singapore (NUS) will collaborate with two established Indonesian universities, to stimulate innovation and entrepreneurship. Under the memorandum of understanding (MOU) signed yesterday (16 July), NUS – through its entrepreneurial arm NUS Enterprise – will offer scholarships to students from Universiti Indonesia (UI) and University Gadjah Mada (UGM) to attend the Master of Science in Entrepreneurship program at here that will start next year. The university will also introduce an initiative in Indonesia to develop and improve start-up efforts in the field of technology. The signing of the MOU at the InnovFest innovation conference, sponsored by NUS Enterprise, is live online. InnovFest is a four-day Asia Tech x Singapore event, sponsored by the Infokom Media Development Authority (IMDA), which ended last night. The deputy president of innovation and entrepreneurship at NUS, Professor Freddy Boey, signed the agreement with UI vice-president of research and innovation Dr Nurtami; as well as the head of UGM, Professor Panut Mulyono.

The signing was witnessed by Professor Nizam, director of higher education at the Indonesian Ministry of Education, Culture, Research and Technology. NUS Enterprise has been involved in the innovation and entrepreneurship ecosystem in Indonesia since 2017 through initiatives such as the NUS Overseas College and the NUS Enterprise Summer Program in Entrepreneurship NUS Enterprise has supported to date more than 250 start-ups from Singapore and Indonesia, offering incubation support and access to markets through Block71’s global network Professor Boey said NUS Enterprise has continued to foster a vibrant entrepreneurial ecosystem in Jakarta and Yogyakarta, with steps that include collaboration with Singapore incubators and educational institutions. “With this new joint initiative, we hope…to produce the next wave of start-up founders in the field of technology,” he said. Dr Nurtami said the collaboration will be mutually beneficial for the university to engage in research, teaching and community service. “It will offer our students with the opportunity to improve their personal skills, creativity, ethics, innovation and entrepreneurship,” he added.