Research Proposal Essay Example | Topics and Well Written Essays - 2250 words - 3

Research Proposal - Essay Example Along with the business enterprises, the term has also gained its applicability in social service oriented institutions such as schools, nursing-homes and hospitals. Hence, it is largely differentiated from the other business and social service oriented activities (Dagoon, 2005). With the gradual change in the business scenario, it is quite certain that the global outlook has also changed in terms of Entrepreneurship. Presently, the entrepreneurs have innumerable opportunities rewarded by the economy such as technology, flexible policies for global trade, and increasing demand. But there are also few major challenges that entrepreneurs need to face while creating a new business idea and serve it to the ultimate customers. Few of them are high level of competition, constantly increasing demand for innovations, rigidity of government norms like taxation and others. Moreover, as it depends highly on the issue of personal perceptions and the environmental influences of the entrepreneurs, the applicability of entrepreneurship also differs from one economy to other and from one business to another (Viramgami, 2007). Hence, this paper shall concentrate on the aim to understand the modern day phenomenon of entrepreneurship in two different countries, India and the United Kingdom. As these economies are largely different in terms of both social and economic attributes it shall be beneficial to critically analyse the entrepreneurial process. Moreover, the proposed paper shall centre on the business sector comprising of entrepreneurial process related to the petrol station-cum- convenience store. The paper shall try to conclude on the aspect of development of entrepreneurship in both these economies with the help of wide ranging researches. With a growing emphasis on the term ‘Entrepreneurship’, several theorists and analysts have stated their viewpoint in various literatures and research papers. These are beneficial to critically evaluate the meaning of the term. In