Question

Please give a few examples and scenarios of the following: Succession: Continuing entrepreneurship and the next generation - main obstacles.

Answer 1

As the world is changing and moving towards a digital Technologies and definite shape is getting easier for next generation. But this enterpreneurship also requires basic knowledge of the market environment as well as availability of different factors which implements into the organisational structure and improve the overall enterpreneurship approach.

Some obstacle to the continuing entrepreneurship and the next generation are as follows

Technological learning

As world is moving towards advanced Technologies, understanding of the specific Technologies and implementation of the Technologies into the workplace is one of the most important qualities which an entrepreneur can possess. This type of approach is basically only understandable by the next generation people rather than focusing on current generation or previous generations which do not understand technological advancement that effectively.

Enormous competition

As entrepreneurship is available to each and every person in the globe and has become very easier as internet is come into the light. This increment in the world competition is one of the biggest challenges for new entrepreneurs focusing on creating entrepreneur business from scratch.

Resources

As competition is increased, canning resources has become tough due to the increased prices and available buyers for the specific resources. Which type of approach requires proper planning and understanding of the market segments where all of the resources are efficiently optimised for the organisational approach.

Market segmentation

Market segmentation is also a very problematic time for the future entrepreneurs. Best type of approach requires understanding of the audiences at specific region but ever changing environment and the concept of being able to understand the market segmentation is one the most important qualities that an entrepreneur should possess to move towards in the future.

All in all we can say that using these approaches with an Emblem of necessity, these approaches can provide extremely better support to an entrepreneur to grow more productive and to improve its market situation for running a successful entrepreneurship business.