Entrepreneurship, Innovation, and Economic Development Research Paper

Entrepreneurship, Innovation, and Economic Development - Research Paper Example Additionally, the consumers shop with the company, as the company site enables them to shop thousands of products with the hundreds of local retailers (AOL Inc., 2014; Shopcaster Inc., 2014; Mantella Venture Partners, 2013). Entrepreneurial attitudes generally vary with prospects culture and attitudes of people in the countries. Canadians are having extremely positive attitude with regard to entrepreneurship attitudes. In this regard, 61% of Canadians belief that entrepreneurship is an effective career choice and 70% considers that successful entrepreneurs are having respective social status in Canada. In terms of entrepreneurial activity, around 12% of the Canada’s working-age becomes entrepreneurs in early stage. The activities of the Canadians reflect that younger workforce of the country are strongly engaged in entrepreneurial activities. Moreover, Canadian entrepreneurs are highly ambitious, as 22% of entrepreneurs have targeted to induce 10 jobs along with 50% growth within the duration of five years. It has been identified that around 32% of entrepreneurs possess certain objectives in order to introduce new products in the market (Kremmidas, 2014). Additionally, the entrepreneurial demogra phics of Canada reflected that 6.3% of people are self-employed within their incorporated businesses (1Government of Canada, 2014). The stages of entrepreneurship and the framework conditions for Shopcaster in Canada are based on the ‘Global Entrepreneurship Monitor’ (GEM) model. The different stages of the framework include social norms, national conditions, economic activity and infrastructure. Judy Sims obtains inspiration through interactions with local retailers and the knowledge about the strong needs of web presence to communicate with customers. Correspondingly, the business framework is based on creativity ideas of Judy Rims and Aron Jones and having support from government as well as infrastructure