Question

What are the needs for mobility of entrepreneurs and diffusion of innovations for regional development? Explain the applicability of the two aspects in the case of Zambia?

Answer 1

The Entrepreneurial mobility is essential for the high growth of the business. Entrepreneurs can be from one place to another. Entrepreneurial mobility is like shifting from one job to another. This affects the pattern and speed of entrepreneurial development. But entrepreneurial mobility depends on a few factors. There are basic amenities, raw materials availability, entrepreneurial knowledge, work, experience, political conditions, etc. So not all entrepreneurs are mobile .Some are more mobile than others.

The Marketers can use the theory of innovation to understand how a product's trends are happening. The proliferation of innovation is defined as the rate at which customers accept a new product or service.The spread of innovations is a theory that seeks to explain at what rate new technologies and ideas are spread. This process takes place through various stages: knowledge, persuasion, persuasion, decision making, confirmation
We know that Zambia was a British colony until independence in 1964. Now it is the middle and lower income nation.Zambia's history is influenced by entrepreneurial mobility. Historical events in the cities of Zambia, the institutional environment, and so on, shape entrepreneurial activity today. In addition to institutional factors, entrepreneurs make a deliberate and personal choice to set up firms in certain strategic locations. These include factors such as tax avoidance attitudes, level of corruption, size of informal business, and overall satisfaction relief. The urban areas of Zambia have developed distinct entrepreneurial practices.
Innovation systems are a way to address poverty and national competitiveness in developing countries like Zambia. Zambia has been trying to build it since independence. But the existing system has several drawbacks.This method suffers from weak governance due to lack of strong interactive dynamics. These reforms do not see a significant contribution to local development. The national innovation strategy seeks to cover the excluded sectors by addressing various issues.