What are Macroeconomics effects on Entrepreneurship and Entrepreneurship on Macroeconomics in Country and Global level?
As before I wrote about entrepreneurship and Corporate entrepreneurship and Macroeconomics and Macroeconomics key indicators ,we know that each business requires a platform and economy in country is the basic platform for the growth in the business .
At first time we are talking about requirements of a business and factors to start a business. PEST factors are the basic assumptions of each business activity and more specifically for profitable businesses .
PEST factors :
They are Political , Economical , Social ,Technological factors and external factors for business. The importance of these factors is clear . Pest factors are the macroeconomics factors in other word and each country has situation in scale of national level or global level. When you want to start an business activity definitely you will check the condition , market and you will do a simple feasibility study stand on your own or may be take the advisement of other people or experts .
Secondly , we know entrepreneur is a person who undertake the risk to start a new venture or make a new product , market , do innovative activity or creativity or any change and so on . An entrepreneur has an idea and conceptualize it and tries to make it productive or useful or profitable in case of helping to himself or society to improve . This productivity has a cycle and create business and we know today successful entrepreneur has some feasibility study .
There is a paradox , that we can see entrepreneurship helps the economy and society to grow and as a business it requires the Macroeconomics factors to support it.
Macroeconomics on Entrepreneurship
If the economical or any other PEST factors are not good how it is possible to talk about the success or how an idea can survive a society ? For example Greece monetary and recession problem ?
You have good idea but you are not in heaven , the real world is complicated , we are not talking about the competitors or suppliers , we are talking about the Recession and Growth and Inflation in economy .
For example you are living in Iraq or Saudi Arabia , and you have a modern idea and you know , if you create the product you have good market but P factor (political) factor is not ready. May be you select other countries but how and when ? and what is dependency of row material to the geographical area ?
Entrepreneurship on Macroeconomic
This is clear and appears from thousands of samples in world that how entrepreneurs survive the economy , for example the IT growth in world and US.
In my opinion , an entrepreneur requires at least , minimum condition to do some basic activities and start to improve . For example if Political problems are barriers other factors should support .
How we can analyse the majority of the PEST and which of them is the most important ?
As before I wrote about entrepreneurship and Corporate entrepreneurship and Macroeconomics and Macroeconomics key indicators ,we know that each business requires a platform and economy in country is the basic platform for the growth in the business .
At first time we are talking about requirements of a business and factors to start a business. PEST factors are the basic assumptions of each business activity and more specifically for profitable businesses .
PEST factors :
They are Political , Economical , Social ,Technological factors and external factors for business. The importance of these factors is clear . Pest factors are the macroeconomics factors in other word and each country has situation in scale of national level or global level. When you want to start an business activity definitely you will check the condition , market and you will do a simple feasibility study stand on your own or may be take the advisement of other people or experts .
Secondly , we know entrepreneur is a person who undertake the risk to start a new venture or make a new product , market , do innovative activity or creativity or any change and so on . An entrepreneur has an idea and conceptualize it and tries to make it productive or useful or profitable in case of helping to himself or society to improve . This productivity has a cycle and create business and we know today successful entrepreneur has some feasibility study .
There is a paradox , that we can see entrepreneurship helps the economy and society to grow and as a business it requires the Macroeconomics factors to support it.
Macroeconomics on Entrepreneurship
If the economical or any other PEST factors are not good how it is possible to talk about the success or how an idea can survive a society ? For example Greece monetary and recession problem ?
You have good idea but you are not in heaven , the real world is complicated , we are not talking about the competitors or suppliers , we are talking about the Recession and Growth and Inflation in economy .
For example you are living in Iraq or Saudi Arabia , and you have a modern idea and you know , if you create the product you have good market but P factor (political) factor is not ready. May be you select other countries but how and when ? and what is dependency of row material to the geographical area ?
Entrepreneurship on Macroeconomic
This is clear and appears from thousands of samples in world that how entrepreneurs survive the economy , for example the IT growth in world and US.
In my opinion , an entrepreneur requires at least , minimum condition to do some basic activities and start to improve . For example if Political problems are barriers other factors should support .
How we can analyse the majority of the PEST and which of them is the most important ?
For more information see:
USE Study of Macroeconomics in MBA
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