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Lecture 4 Entrepreneurial Revolution

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12 views9 pages

Lecture 4 Entrepreneurial Revolution

Uploaded by

laibakha987
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ENTREPRENEURSHIP

Credit Hour 2-0


www.tuf.edu.pk
unioffaisalabad

Entrepreneurial Revolution

Dr. Muhammad Nafees


www.tuf.edu.pk
unioffaisalabad

Introduction
• The entrepreneurial revolution refers to a significant
shift in society where entrepreneurs, innovators, and
small business owners are playing a crucial role in
driving economic growth and transformation.
• Characterized by rapid technological advancements,
globalization, and access to capital, the entrepreneurial
revolution has enabled individuals to start and grow
businesses with unprecedented ease and opportunity.
www.tuf.edu.pk
unioffaisalabad

Key Features
• Rapid technological advancements.
• Innovation
• economic growth
• Social change.
• Globalization fostering interconnected economies.
• Increased access to funding (e.g., venture capital,
crowdfunding).
www.tuf.edu.pk
unioffaisalabad

Timeframe of the Entrepreneurial Revolution


• No universally agreed start or end date.
• Evolves continuously with economic and
technological changes.
• Major Periods:1970s-1990s: Rise of technology and
information sectors.
• 1980s-1990s: Emergence of Silicon Valley as a
startup hub.
www.tuf.edu.pk
unioffaisalabad

Major Development - Dot-Com Boom


• Late 1990s (1995-2000): Surge in internet-based
companies.
• Rapid stock market growth and investor interest in
tech startups.
• Many companies launched websites, leading to new
business models.
www.tuf.edu.pk
unioffaisalabad

Current Era (2000s-Present)


• Continuation of entrepreneurial growth with digital
technology.
• Rise of the gig economy and flexible, short-term jobs.
• Crowdfunding platforms and startup incubators
thriving.
www.tuf.edu.pk
unioffaisalabad

Impacts of the Entrepreneurial Revolution


Economic Impact
• Driving economic growth and fostering innovation.
• Job creation and technological advancements.
Business Impact
• Increased competition forces businesses to innovate.
• Transformation of industries through new ideas and
technologies.
www.tuf.edu.pk
unioffaisalabad

Impacts of the Entrepreneurial Revolution


Global Impact
Entrepreneurs now influence global markets and
challenge traditional powers.

Any other impact????

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