Entrepreneurship Development –A tool for employment creation

Abstract

This paper is a thought paper and begins by giving a brief review of the developments achieved in the field of entrepreneurship development up to mid-80s. The two significant contributions of 60s were establishment of positive connection between entrepreneurship and economic prosperity and also surfacing of strong planned effort. Likewise types of EDP strategy and models were established and put to test in 70s. The past analysis allowed foreseeing the possible and issues that the development of entrepreneurship is most likely to encounter in the 2020s. The region was associated with fast vertical and horizontal expansion, increased institutionalization and entrepreneurisation of society. The change in approach to a generalist to extension specialist and the creation of more specific EDP strategies harmonizing high-tech and technology transfer are also among several others covered within the paper. The paper ends with the note of caution towards such tendencies that are only sure to water down the efforts of EDPs hence might end up losing credibility.