Topic > The Effect of Educational Level in Managing Large-Scale Businesses

Educational level refers to the highest level of education possessed by an individual. According to The GEM (2010) Recited, education increases individuals' belief in starting a business and also the likelihood that the business will survive the startup phase. It is therefore important for us to know the educational background of the company owners. Education is the prerequisite for building successful enterprise resource planning. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay According to Middleton, 2010, entrepreneurial learning and teaching methods when it comes to running businesses are indoctrinating entrepreneurial skills, behaviors and attitudes into students to motivate students' own creation of risky or daring new journeys university. By way of illustration, recent studies conducted by the United Nations Industrial Development Organization (UNIDO) demonstrate that SMEs: are time-consuming, provide more opportunities for low-skilled workers and also for those workers or students caring for university students in the education system , associated with their lower income that distributes for an inequality and imperative for agriculture-dependent nations that another way for a sector. Having a business is not easy, there are many obligations and risks that we may encounter, so there are situations that some people are afraid of starting a business. According to a study the young population of the country is reluctant to start a business, there are several reasons for this: starting from the lack of information on how to start a business, insufficient knowledge and education, skills and experiences, fear of risk up to problem of finding the right solution. From the 1960s to the present, small and medium-sized efforts (SMEs) have received due recognition, especially in developed countries, for taking on vital roles in fostering accelerated monetary development, progress and soundness within some economies. They make up the majority of organizations around the world and play a huge role in the working age, distribution of goods and business ventures, creation of a better lifestyle and enormous increase in gross domestic products (GDP) of many villages. Over the last twenty years, the commitment of the SME segment, the improvement of the largest economies on the planet have put the spotlight on the uniqueness of SMEs; and this has prevailed in terms of overcoming previously held perspectives that SMEs were just “miniature versions of larger organisations”. And although small and medium-sized organizations are at the center of policy discussion most of the time across developed and developing nations, little to no analytical work has been undertaken during this space. However, the lack of information that exists among researchers on small and medium-sized enterprises provides a basic yet essential aspect of this sector for property development in growing economies. For example, current studies conducted by the United Countries Business Improvement Enterprises (UNIDO) agree that SMEs are: labor intensive, offering many opportunities for low-skilled groups of workers, associated with a decrease in distinction in distribution of financial benefits, essential for agriculture dependent countries that are transitioning to an industrial industry. Please note: this is just an example. Get a custom paper from our expert writers now. Get a custom essay Il.