The Need for More Entrepreneurship

• Youth unemployment has become an urgent challenge facing the global society. In 2011, nearly 75 million youth aged 15 to 24 were unemployed worldwide. Numerous international organizations have produced reports about the importance of entrepreneurship and issued calls for countries to develop entrepreneurship. The World Economic Forum defines entrepreneurship as a process that results in creativity, innovation and growth. Innovative entrepreneurs come in all shapes and forms; its benefits are not limited to startups, innovative ventures, and new jobs. Entrepreneurship refers to an individual’s ability to turn ideas into action and is therefore a key competence for all. There are also intrapreneurs who bring significant innovative changes from within organizations.

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