ROLE OF ENTREPRENEURSHIP DIVERSITY IN ACHIEVEMENT OF ECONOMICPILLAR OF THE KENYA VISION 2030

Abstract

The purpose of the research was to examine and establish the importance of entrepreneurship in development of Kenyan economy in line with vision 2030. Basically, the research analyzed previous studies in the field of entrepreneurship and economics in Abid to establish a comprehensive knowledge about the dynamics of self-employment. The study offered a broad understanding of entrepreneurship as explained by different schools of thoughts from the field of economics. Entrepreneurship can be described as an initiative to creatively establish and put into practice new ideas with an aim of creating wealth for the betterment of the society. Furthermore, the research explored theoretical background of entrepreneurship and traditional perception of entrepreneurial activities. Based on the studies carried out in the past, the research established a positive correlation between entrepreneurial activities and economic growth. The findings further indicated that government plays an important role in enhancing entrepreneurship in any given country. Various conclusions were drawn regarding the effects of entrepreneurship on the economy and issues that are associated with success of the process. Lastly, the researcher made recommendations to the government of Kenya, academic institutions and financial organizations, to consider creating a more suitable environment for entrepreneurship.