Dr. Shahid Qureshi presented paper at ADFIMI – Oman Development Bank Joint Regional Seminar
ADFIMI – Oman Development Bank Joint Regional Seminar on "SME DEVELOPMENT"
Crown Plaza Hotel, Muscat, Oman, 13-15 February 2017
Entrepreneurship and Innovation as a tool to promote SMEs
Dr. Shahid Qureshi, Director, AMAN Centre for Entrepreneurship Development, IBA, Karachi
The entrepreneurial mindset has unleashed itself as force of change, creativity and innovation in many countries of the world. Thousands of young people are opting for new venture creation and utilizing their discovered potential to come up creative and innovative solutions to problems and finding new opportunities. This entrepreneurial revolution which started from the US is now spreading all over the world. The developments in internet and technology has enabled people to start new ventures with a small amount of money i.e. 500 to 5000 USD.
Moreover the vanishing corporations has led to reduction in jobs and the perception of career has changed. Once stable careers first converted in to jobs which later on transformed in to tasks. This phenomena along with ubiquitous availability of technology has enabled people to try something of their own.
The Entrepreneurship word has become the key buzz word. The universities are opening incubation centers and entrepreneurial centers to help the youth start new ventures. The governments are engaged in policy making to develop entrepreneurial eco systems to promote entrepreneurship in their countries to engage the youth in positive and constructive activities.
This paper discuss the various action items which can be used to develop an entrepreneurial eco system which will further help in developing an entrepreneurial mindset.