Author: KNEC notes and Past Papers

The environment within which the businesses operate has a great influence on the attractiveness of any opportunity. By business environment, we are referring not only to the physical environment, which is important and increasingly so, but also the political, economic, Read More …

Entrepreneurship theories bring greater understanding of entrepreneurship behaviour exhibited by different entrepreneurs. They enable one to understand the need for entrepreneurship and why some people are more entrepreneurial than others. The theories bring out various approaches and perceptions held by Read More …

These refer to the various approaches, which have been advanced to give an explanation as to why entrepreneurs behave the way they do. They are also known as the perspectives of entrepreneurship. The theories try to explain whether entrepreneurs are Read More …

The following are some of the myths associated with entrepreneurship: Entrepreneurs take wild risks at the start of their business. Even though risk is an integral part of business, the start of business is not considered the highest risk. An Read More …

In Kenya the concept of entrepreneurship was embraced at the end of the 1980’s and early 1990.  This was as a result of the international labour organisation (ILO) working in conjunction with the governments and private sector institutions in the Read More …

History of entrepreneurship globally Entrepreneurship has been part of human history since records began. The bible, in  the old testament, raises the idea of stewardship with regard to utility resources of the earth .( Gen. 2.15)The bible also in the Read More …

Entrepreneurship is the process that creates people (entrepreneurs) who contribute to economic development in various ways. The contributions are made through: Stimulating indigenous entrepreneurship and technological development. Creating jobs for themselves and other people creating wealth and distributing income Utilising Read More …

Self employment Self employment is a situation in which a person starts and operates a business enterprise. Since entrepreneurial skills drive people into self employment, entrepreneurship training is therefore expected to prepare trainees for starting and operating their enterprises effectively. Read More …

i) Entrepreneurship The term entrepreneurship has been described by different people in different ways. Entrepreneurship is the process of scanning the environment in order to identify a business opportunity, gathering resources with the aim of establishing a profit making enterprise, Read More …