Question

1. Define how you would create an entrepreneurial venture that is competitive in the Port of Houston maritime cluster.

2. What are some of the important considerations of the port on its city?

Answer 1

An entrepreneurial activity is to create a durable, long-term, programme of policy-relevant entrepreneurship, the work involves developing standard definitions and concepts and engaging port of Houston maritime cluster in the collection of data. Schumpeter defined entrepreneur as innovators who implement entrepreneurial change within markets, where entrepreneurial change has five manifestations:

1) The introduction of a new (or improved good)

2) the introduction of new method of production

3) the opening of a new market

4) the exploitation of a new source of supply, and

5) the Re-engineering/ organization of business management process.

Some of the important considerations of the port on its city are:

1) employer enterprise birth rates,

2) rate of high growth firms based on employment growth

3) growth based on turnover growth

4) Gazelle rates based on employment

5) employee enterprise deaths

6) net business population growth

7) business ownership rates

8) business ownership start-up rates.

Policy makers are interested in facilitating the growth of entrepreneurship because it is recognized as a force for good.