Entrepreneurship&Change Assignment Essay Example | Topics and Well Written Essays - 3000 words

Entrepreneurship&Change Assignment - Essay Example There is need for entrepreneurship therefore to accept this change management considering that it has been a field that is significantly growing over the years. Flexibility therefore is fundamental to put up with this change. Entrepreneurs are individuals who are involved in innovation and creation of new ideas and therefore need to be in line with the current states in order to attain success in their innovation. The only way that they can be in line with the current state is by accepting to adopt change management. Flexibility will allow them to be able to leave behind the ideas that are not successful and adopt new ones that are more consistent with the present conditions and operations (Charantimath 2006). Accepting change management is an important step in achieving success in entrepreneurship. One of the reasons why change management should be accepted in entrepreneurship is because it increases the need for entrepreneurs to explore new opportunities. Entrepreneurship is a field that involves creation of new ideas and considering the changes that occur in the global world, there is need for entrepreneurs to accept change in order to be able to put up with the changing business environment. According to Charantimath (2006), change management will require the entrepreneurs to be flexible enough therefore for them to be able to analyze new opportunities that the global changes expose them to. Change management is crucial to helping the entrepreneurs to discover the opportunities that the global changes expose to them. The ability to explore new opportunities is therefore an indication of successful entrepreneurship. Another reason why accepting change leads to successful entrepreneursh ip is that change management results to success in dealing with harsh competition at the local as well as global levels. This competition can be attributed to globalisation, which results to change in the business environment exposing the business organisations harsh conditions