Sign In
Not register? Register Now!
Essay Available:
Pages:
9 pages/≈2475 words
Sources:
Check Instructions
Style:
Harvard
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 43.74
Topic:

Entrepreneurial Economies: Switzerland

Essay Instructions:

You are required to write an essay which critically evaluates entrepreneurship in an economy of your choice. You can choose your own country or any developing economy, emerging economy, or an advanced economy. Your essay will enhance our understanding of the entrepreneurship process in the economy of your choice. Your essay must demonstrate your knowledge of “how entrepreneurship is fostered and/or hindered in the economy of your choice?”. You are strongly encouraged to include a discussion of how the Covid 19 pandemic affected entrepreneurship including how both entrepreneurs and policy makers responded to this exogenous shock that affected almost all businesses globally. In addition, you should succinctly examine entrepreneurial processes, innovation, the institutional environment and how it promotes or inhibits entrepreneurship in that country. For instance, some institutional realities (such as regulation, corruption, export promotion strategies, import substitution strategies…etc) and other relevant variables might hinder or promote entrepreneurship. On the other hand, innovation and technology are enablers. Based on entrepreneurship theories and relevant concepts of economic development, you are expected to provide empirical evidence in support of your arguments and reasons for your thinking. A critical evaluation means providing a critique of the various relevant debates including the evaluation of policies, the R & D or technology landscape designed to promote entrepreneurship. You should make use of existing published literature in international peer-reviewed journals (e.g. Entrepreneurship: Theory & Practice), book chapters, policy reports and evidence from the business press (e.g. the Economist magazine, Financial times) to substantiate your understanding of the key drivers of the entrepreneurship process in the economy of your choice. You can include both qualitative and quantitative literature.
You are NOT expected to collect your own primary data for this assignment. However, you can use secondary data to support your ideas, as well as empirical evidence from published literature or reports. A careful use of qualitative data, and evidence from studies based on a specific company or a group of companies in a given economic sector is also welcome.

Essay Sample Content Preview:

ENTREPRENEURIAL ECONOMIES: SWITZERLAND
Student's Name
Course
Professor's Name
Institution
Location
Date
Entrepreneurial Economies: Switzerland
Entrepreneurship has become an important aspect of economic development and progress within different economies. According to Catalin et al. (2017, p.14), entrepreneurship creates job opportunities and wealth, promotes social inclusion, and enhances technological development and innovation. Given these benefits, entrepreneurship has become prevalent in different parts of the world. However, some economies are more entrepreneurial than others. This difference is created by various factors such as the institutional environment, technology, and innovation, among others. The purpose of this paper is to explore entrepreneurship in Switzerland. Specifically, this paper will explore the factors that hinder/promote entrepreneurship, the effects of Covid-19 on entrepreneurship, and how entrepreneurs and policymakers in Switzerland responded to the pandemic.
Switzerland's Economy: An Overview
Switzerland is a developed economy in Europe. The Swiss economy is one of the world's most competitive economies (Federal Department of Foreign Affairs (FDFA), 2019). It is export-oriented and has one of the highest gross domestic products (GDP) per capita. According to a report released by the Global Entrepreneurship Monitor (GEM) (2019), Switzerland has $80 643 GDP per Capita based on the most recent data. The Organisation for Economic Co-operation and Development (OECD) (2019, p.6), based on recent data, ranks Switzerland's GDP per capita third globally (Figure 1). The Swiss government's competitive tax rates have made Switzerland an attractive economy for multinational companies, and as a result, Switzerland is home to many multinational companies (FDFA, 2019). Also, small and medium (SME) enterprises are major economic players in the Swiss economy. They create about two-thirds of all employment opportunities in the country, and most of them are still managed by the families that started the SMEs (FDFA, 2019). Switzerland is a member of the European Union (EU), and since it is an export-oriented economy, about 43% of its exports go to countries in the EU (FDFA, 2019). Also, approximately 78% of its imports come from the EU.
Figure 1: Switzerland's GDP per Capita
Source: (OECD, 2019)
Entrepreneurship in Switzerland
As an advanced economy, Switzerland has the ability and the opportunity to be highly entrepreneurial. It has a competitive economy that fosters the success of SMEs and attracts multinational businesses (FDFA, 2019). However, entrepreneurship cannot exist in the absence of a positive entrepreneurial attitude. According to Zahra (p.4, 2020), an entrepreneurial attitude entails being innovative, proactive in taking advantage of the existing opportunities and taking risks. Individuals in any given economy need to have the motivation to take advantage of opportunities without fear. Otherwise, these opportunities become under-utilized. In Switzerland, the entrepreneurial attitude has not always been positive. A report by the OECD (2017, p.34) indicates that entrepreneurship is not considered a good career choice in Switzerland. This attitude affects the ability of the ...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

👀 Other Visitors are Viewing These Harvard Essay Samples: