Global aspects of entrepreneurship : Comparative Analysis of Nepal and Finland
KC, Smriti (2019)
2019
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019121727103
https://urn.fi/URN:NBN:fi:amk-2019121727103
Tiivistelmä
Youth entrepreneurship is one of the topics of global interest for study and research. The mission to eliminate unemployment and foster employment opportunities has increased the need of entrepreneurs thus creating the need to motivate youth entrepreneurs as they are the future economic drivers. The main aim of this study was to understand the encouraging and motivating aspects of the youths to become entrepreneurs. It also aimed at recognising their challenges and opportunistic characteristics to operate a successful business in a globally challenged environment.
The theoretical part explained about entrepreneurship and its types, common characteristics of successful entrepreneurs and their need and importance for society and themselves. The global prospects and challenges for future entrepreneurs were also considered. The study also enlightened the youth need and perception towards entrepreneurship from different countries Nepal and Finland in different aspects. Qualitative analysis was taken as part of research method. The potential participants were interviewed by preparing a semi-structured questionnaire to gain insights of their experiences and how they decided entrepreneurship as career and how they have appreciated and utilised the globalized opportunities.
The findings showed more common aspects of the entrepreneurs despite of their differences of operating in separate environment. The current study revealed that freedom, independence and passion were the common motivating factors while lack of funding, lack of business management skills, lack of reliable resources, start-up capital and limited networking were the common obstacles encountered by the young entrepreneurs. However, their hardworking characteristics, enthusiasm and ready to learn attitude helped to operate a successful business in a globally challenged world. After analyzing the challenges and prospects of youth entrepreneurs from two different countries recommendations to improve the present situation were made. Thus, the involvement and empowerment programs operated by the government of Nepal were found to be ineffective in comparison to Finland and suggestions to work actively with potential entrepreneurs were made in order to develop youth entrepreneurship in this country.
The theoretical part explained about entrepreneurship and its types, common characteristics of successful entrepreneurs and their need and importance for society and themselves. The global prospects and challenges for future entrepreneurs were also considered. The study also enlightened the youth need and perception towards entrepreneurship from different countries Nepal and Finland in different aspects. Qualitative analysis was taken as part of research method. The potential participants were interviewed by preparing a semi-structured questionnaire to gain insights of their experiences and how they decided entrepreneurship as career and how they have appreciated and utilised the globalized opportunities.
The findings showed more common aspects of the entrepreneurs despite of their differences of operating in separate environment. The current study revealed that freedom, independence and passion were the common motivating factors while lack of funding, lack of business management skills, lack of reliable resources, start-up capital and limited networking were the common obstacles encountered by the young entrepreneurs. However, their hardworking characteristics, enthusiasm and ready to learn attitude helped to operate a successful business in a globally challenged world. After analyzing the challenges and prospects of youth entrepreneurs from two different countries recommendations to improve the present situation were made. Thus, the involvement and empowerment programs operated by the government of Nepal were found to be ineffective in comparison to Finland and suggestions to work actively with potential entrepreneurs were made in order to develop youth entrepreneurship in this country.