Journal of Contemporary Administration and Management (ADMAN)
Vol 2 No 1 (2024): April 2024

The Importance of Mentorship in Stimulating the Growth and Success of Entrepreneurial Business Entities

Yani, Ahmad (Unknown)
Suherlan (Unknown)
Az Zaakiyyah, Hizbul Khootimah (Unknown)



Article Info

Publish Date
01 Feb 2024

Abstract

Entrepreneurs and small businesses play a crucial role in the global economy, particularly as sources of innovation, employment, and local economic growth. However, many entrepreneurial business entities face various challenges, including market uncertainty, intense competition, and a lack of resources and managerial experience. This research aims to examine the role of mentorship in stimulating the growth and success of entrepreneurial business entities. The research method employs a qualitative literature review approach with a focus on exploring relevant literature through Google Scholar. Literature searches were conducted on Google Scholar with a time frame between 2013 and 2023 to ensure inclusivity of recent studies. The study's findings indicate that, in the context of entrepreneurial business, the importance of mentorship proves to be a highly significant element in stimulating growth and success. Mentorship not only serves as a provider of practical advice but also as a source of inspiration, holistic perspectives, and emotional support. Through their experience and wisdom, mentors assist entrepreneurs in overcoming challenges, identifying opportunities, and developing long-term strategies to advance their businesses.

Copyrights © 2024






Journal Info

Abbrev

adman

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

Journal of Contemporary Administration and Management (ADMAN) is a scientific journal that focuses on the publication of articles related to the development of the theory and practice of administration and management in a contemporary context. The journal contains articles that cover a wide range of ...