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Identify the Main Role of Entrepreneurs in International Trade and Discuss Its Impact Towards the Economic Growth in Country

Essay by   •  July 23, 2017  •  Essay  •  334 Words (2 Pages)  •  441 Views

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1.Identify the main role of entrepreneurs in international trade and discuss its impact towards the economic growth in country

The main role of entrepreneur is to be innovation. An entrepreneur will need to look for their market niche and have the solution to profit from such niche. If they cannot look for suitable employment or a suitable means of income and therefore have resorted to using their creativity to generate an income for themselves. Besides that, an entrepreneur will need to have the technological know-how and the financial resources to generate income by satisfying a need in the marketplace. First I would like to talk about Malcom Wu. He is Strategic Manager of ICube Innovation Sdn Bhd. In his opinion, he did say that entrepreneur is someone who need to start doing something before it already enter into our market. He also mentions that every entrepreneur will have impacts that entrepreneurs have to an economy Welly Kwok who is founder of Howdy Grill house also mention that too.

Next I would like to talk about Tina Lau who is the Design Director of Design East. Tina has had extensive architectural and interior design experience while working in Melbourne and Singapore. She has worked on a wide variety of projects including tertiary and research facilities for prominent universities in Australia. Tina is intensely dedicated and conscientious in every aspect of her work. Whenever she begins working on a project, she usually starts with visiting the site, or if it’s a site that’s interstate or overseas, she conducts as much research as is possible on its surrounding area and context. The main role of entrepreneur is the need to have entrepreneurial energy, creativity and motivation that generate the production and sale of new products and services. From what Justin Kho who is the manager of AHE STONE mention that it is the entrepreneur who undertakes the risk of the enterprise in search of profit and who seeks opportunities to profit by satisfying as yet unsatisfied needs.

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