Impact of Entrepreneurship in Reducing Unemployment
Session
Management, Business and Economics
Description
This paper explores the potential of entrepreneurship as a sustainable solution to the ongoing challenge of unemployment. Unemployment is a widespread issue affecting individuals, communities and nations around the globe. The traditional approach to combating unemployment has often centered on job creation through government initiatives and private sector expansion. However, in recent years, there has been growing recognition of an alternative solution that taps into individual potential and fosters self-reliance in entrepreneurship. With rising global unemployment rates and limited employment opportunities, fostering entrepreneurship can empower individuals to create their own economic opportunities and contribute to long-term economic growth. This paper examines the benefits, challenges and key considerations associated with promoting entrepreneurship as a sustainable alternative to traditional employment. By analyzing existing literature and real-world case studies, this abstract highlights the potential of entrepreneurship to address unemployment at both the individual and societal levels. It highlights the role of entrepreneurial education, access to capital and supportive ecosystems in facilitating entrepreneurship as a long-term solution. Additionally, it investigates the implications for policy makers, business leaders and society at large in fostering an entrepreneurial culture that fosters innovation, job creation and economic sustainability. The findings suggest that a comprehensive approach that integrates education, mentoring and policy support can help unlock the potential of entrepreneurship, not only in reducing unemployment, but also in fostering a sustainable and inclusive economy.
This research concludes with key recommendations and areas for further research to optimize the implementation of entrepreneurship as a sustainable long-term solution for the unemployed.
Keywords:
impact, entrepreneurship, unemployment, economic growth, innovation.
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-95-6
Location
UBT Lipjan, Kosovo
Start Date
28-10-2023 8:00 AM
End Date
29-10-2023 6:00 PM
DOI
10.33107/ubt-ic.2023.175
Recommended Citation
Krasniqi, Enver and Lipovica, Akile, "Impact of Entrepreneurship in Reducing Unemployment" (2023). UBT International Conference. 29.
https://knowledgecenter.ubt-uni.net/conference/IC/MBE/29
Impact of Entrepreneurship in Reducing Unemployment
UBT Lipjan, Kosovo
This paper explores the potential of entrepreneurship as a sustainable solution to the ongoing challenge of unemployment. Unemployment is a widespread issue affecting individuals, communities and nations around the globe. The traditional approach to combating unemployment has often centered on job creation through government initiatives and private sector expansion. However, in recent years, there has been growing recognition of an alternative solution that taps into individual potential and fosters self-reliance in entrepreneurship. With rising global unemployment rates and limited employment opportunities, fostering entrepreneurship can empower individuals to create their own economic opportunities and contribute to long-term economic growth. This paper examines the benefits, challenges and key considerations associated with promoting entrepreneurship as a sustainable alternative to traditional employment. By analyzing existing literature and real-world case studies, this abstract highlights the potential of entrepreneurship to address unemployment at both the individual and societal levels. It highlights the role of entrepreneurial education, access to capital and supportive ecosystems in facilitating entrepreneurship as a long-term solution. Additionally, it investigates the implications for policy makers, business leaders and society at large in fostering an entrepreneurial culture that fosters innovation, job creation and economic sustainability. The findings suggest that a comprehensive approach that integrates education, mentoring and policy support can help unlock the potential of entrepreneurship, not only in reducing unemployment, but also in fostering a sustainable and inclusive economy.
This research concludes with key recommendations and areas for further research to optimize the implementation of entrepreneurship as a sustainable long-term solution for the unemployed.