Entrepreneurial Behavior in the Future With Special Emphasis on the United Arab Emirates

Entrepreneurial Behavior in the Future With Special Emphasis on the United Arab Emirates

DOI: 10.4018/978-1-6684-8781-5.ch011
OnDemand:
(Individual Chapters)
Available
$37.50
No Current Special Offers
TOTAL SAVINGS: $37.50

Abstract

The behaviors of present entrepreneurs will be effective in creating the future. Therefore, the behavior of entrepreneurs in the future will be determined by the behavior and attitudes of today's entrepreneurs. In this direction, it is necessary to look at today's entrepreneurs and analyze their visions in order to understand the behavior of future entrepreneurs. The author has made her evaluations in this context. Analysis of today's entrepreneurs and revealing their visions is an important issue. The approach of today's entrepreneurs to the needs and expectations of today's people will affect human behavior in the future. Entrepreneurs who direct human behavior, feelings, and thoughts, or entrepreneurs who produce services and goods according to human-oriented needs will be at the forefront. The answer to this question will lead us to the characteristics of future entrepreneurs.
Chapter Preview
Top

Introduction

The author is a serial entrepreneur for 25 years allowing to practice most of the sectors. The author can easily tell that there is a huge gap between entities, institutes, universities and regulations. Trending technologies have a good impact besides side effects on the community. Therefore entrepreneurs should take the initiative by considering the interests of society. Pursuing profit alone, while bringing the interests of individuals to the fore, creates inconvenient situations in society. After the Internet came into our lives, it spread to the public in the initiatives that had negative effects on the mental health of the community, as well as many useful uses. While supporting startups and raising entrepreneurs, we should consider the benefit to the whole society.

Today, the speed of technological developments pushes individuals, organizations and authorities to use these technologies without questioning of benefit-harm expectations. This will lead to many positive and negative side effects in the short, medium and long term. The increase in entrepreneurs especially in the field of technology and/or the tendency of existing entrepreneurs to technology-oriented business ideas does not meet the real needs of people living in the physical world. However, the appetizing earnings of technology-focused companies inspire other entrepreneurs. In this direction, the group of people who are unhappy because their real needs are not met is increasing rapidly. Today's people think that concepts such as boredom and unhappiness are normal. Most people are not even aware of their unhappiness. Therefore, people direct them to consume products and services that they do not really need. This situation has a negative impact on world resources. Today's business people, who manipulate human behaviour and emotions with technology-oriented business ideas and lead them to more consumption, cause rapid depletion of world resources. For the future of the world, it is necessary to regulate, and moderate of Entrepreneurial Behaviors and Motivations.

Especially the services and products offered online have serious advantages in terms of cost compared to the services and products offered offline. Entrepreneurs who use this advantage with more profitability and grow faster. From this point of view, unfair competition should be regulated as soon as possible.

Today, individuals have also become entrepreneurs through social platforms. They market their own brands, products, and even their own individual lives. Environments in which the general morals, customs and traditions of the society are not strictly observed will push the world's populations to irreversible corrosion.

Key Terms in this Chapter

Entrepreneurial Intention: Entrepreneurial intention refers to an individual's conscious and deliberate willingness or inclination to engage in entrepreneurial activities in the future. It reflects the individual's mindset and motivation to become an entrepreneur, start a business, or pursue entrepreneurial opportunities.

Entrepreneurship: Entrepreneurship refers to the process of identifying, creating, and pursuing opportunities to develop and manage a new business venture. It involves taking risks, organizing resources, and applying innovative thinking to transform ideas into successful and sustainable businesses.

Entrepreneurial Triggers: Entrepreneurial triggers refer to the specific events, circumstances, or stimuli that prompt individuals to consider or embark on entrepreneurial endeavors. These triggers act as catalysts or motivators that spark the interest or desire to become an entrepreneur and initiate entrepreneurial activities.

Social media: Social media refers to online platforms and digital technologies that enable users to create, share, and interact with content, ideas, and information within virtual communities. It provides a means for individuals, organizations, and businesses to connect, communicate, and engage with a broad audience on the internet.

Entrepreneurial Ecosystem: An entrepreneurial ecosystem refers to the interconnected network of organizations, institutions, resources, and individuals that support and foster entrepreneurship within a specific geographical region or industry. It encompasses the various elements and stakeholders that contribute to the growth, development, and sustainability of entrepreneurial activities.

Complete Chapter List

Search this Book:
Reset