Impact of entrepreneurial activities

Entrepreneurs have created a considerable impact on both job creation and the growth of the economy. They have impacted both positively and negatively in equal measure. Entrepreneurs boost economic growth by introducing innovation to products and services, where new, improved products have led to emerging of newly developed markets.

Increased competition from entrepreneurs has challenged existing companies to step up their game and become competitive even though entrepreneurs may face a substantial risk of failure.

Entrepreneurs provide new jobs that have led to improved living standards and create wealth not only for the entrepreneurs but also to various businesses that engage with them and employees; on the other hand, entrepreneurial activities can lead to a layoff of staff if the firm closes.

Entrepreneurial activities have improved firms and economies’ productivity as most organizations try to outstand each other by producing more quality products to the market that has led to better-improved products by the day and excellent customer satisfaction.

Entrepreneurs have accelerated the structural change of an organization by creating better and more flexible working environments. This has made it easier for employees to enjoy their workplace environment since they have been made conducive. Sadly, entrepreneurs cannot thrive in tightly regulated economies.

A few people are willing to be entrepreneurs and take risks and make a better world for everyone else. This has been a considerable hindrance to growth to both employment and economies. The governments need to invest more in entrepreneurs so that they can be able to eradicate the problem of joblessness among individuals as it will lead many to earn income and bring new ideas to the market.

Emmanuel Addo

Emmanuel Addo is the founder of the Young Global Leaders Network, an international non-governmental organization registered in six (6) countries namely, Ghana, United Kingdom, Nigeria, Sierra Leone, Democratic Republic of Congo, and South Sudan and has a membership strength of over 15,000 young black professionals, students, graduates, and aspiring leaders.

The organization also operates in 25 other African countries. Emmanuel also doubles as the chief convener and founder of the Young African Leaders Summit, one of the largest continental youth summits in Africa.  

Currently works at Kingston University as a Business Engagement Team Member in their Partnerships and Engagement Department. 

He characterizes energy, integrity, result-oriented, and ground-breaking service in each detail of strategic management, change management, stakeholder management, and leadership acquaintances.
Emmanuel owns a core background in Sociology and Psychology from the University of Ghana.

Leveraging his experience as a youth activist and a dynamic young man, Emmanuel founded the Young Global Leaders Network, a youth organization that comprises young diplomats, young politicians, and aspiring politicians, business/entrepreneurial business leaders with the aim of championing a mutual agenda for the African youth and promoting youth participation in governance as well as promoting entrepreneurial culture.
Emmanuel nurtures an environment of teamwork and has expertise in data collection and analysis as well as both quantitative and qualitative methods.

Emmanuel worked as an Associate Lecturer at the London College of Advanced Management where he delivered a wide range of business management courses that involved principles of marketing, leadership, operation management, and research methods. Emmanuel has always maintained high teaching and learning standards to ensure that his students’ stand out in academic achievements and successful progression. As a stout believer and passionate key player in volunteering; Emmanuel creates quality time to giving back gladly to his community what he has learned and to educate individuals with free consultancy on career development. He is a leader anyone would love to look up to and with great integrity, commitment, and passion to make the world a better place.
Emmanuel worked as Qualifications Manager at the Open University in the UK.

Emmanuel is also the founder of Kickstart Innovation Hub Ltd, the entrepreneurial hub of Young Global Leaders Network.