The Importance of Entrepreneurship and Enterprise in the UK Essay - 1

The Importance of Entrepreneurship and Enterprise in the UK - Essay recitationameters which tend to change continuously, however when all appropriate preparation has been made, entrepreneurship can lead to a world-shattering development of the commercial market involved. However, in order to ensure the success of their efforts, entrepreneurs should try to follow stringently the principles of the commercial market avoiding risk in cases that there are no limits for the achievement of a particular visualise. The existence of alternative plan of action has to be considered as necessary in order for the entrepreneurship to detain on a long term basis.Entrepreneurship should be considered as a fundamental activity that helps the market to be developed. However, in order for this activity to lead to positive outcomes it is necessary that the participants (entrepreneurs) follow a specialised plan of action which has to be characterized by the thorough analysis of the market, the app ropriate design of strategic plan and the rapid reaction to the opportunities appeared. Of course in any case the existence of risk creates a serial publication of uncertainties for any potential entrepreneurship. But if all appropriate steps of action are followed they are teentsy chances for the entrepreneurship to end up to a failure. This paper examines the characteristics of entrepreneurship as a unique commercial activity and tries to place all the appropriate qualities of a good entrepreneur as they can be observed some(prenominal) in the field of theory but also in practice. For this reason, the relevant literature review has been followed with a few examples of successful entrepreneurs in UK as they have been evaluated and awarded in a relevant awarding arrangement involving entrepreneurial activities in UK.Entrepreneurship has been defined through a variety of terms in order to serve to the needs of the market as they have been observed by theorists throughout years. At a first level, Thornton (1999, 19) refers to entrepreneurship as the creation of new organizations which occurs as a