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The business plan is therefore dependent upon these abilities and constraints. The abilities and constraints that the environment provides are furthermore tempered by the inherent abilities of the business person him- or herself. The third dimension of pragmatism is the constraints and abilities provided by the surrounding society. Hence, entrepreneurship is dependent upon the external physical and social environment, as well as internal factors such as inherent abilities and resources.
When applying this to entrepreneurship policy, the three factors need to be integrated to provide the best possible opportunities for entrepreneurs. According to the OECD (2011), one of the first important focal points should be the local community, where an entrepreneurship development strategy should be implemented. To ensure that all pragmatic factors are integrated, key partners should mutually agree on a clear strategy for entrepreneurship aims. These should focus specifically upon the needs and capabilities of the community of focus.
To accomplish this, public debate, deliberation and consensus building among local institutions...
An action plan should then involve the specific roles of each active partner in the process. At bottom, the main recognition is the integrated nature of the process. Entrepreneurship affects the community on a very wide scale, both directly and indirectly. All these connections should be investigated and optimized for the process to be successful, and for entrepreneurs to achieve the purpose of their ventures.
In conclusion, pragmatism today recognizes the integrated nature of human relationships and endeavors. These can be used to create the best environment for entrepreneurship to thrive.
References
Kraaijenbrink, J. (2008, May 22-23). The Nature of the Entrepreneurial Process: Causation, Effectuation, and Pragmatism. Dutch Institute for Knowledge Intensive Entrepreneurship (NIKOS). Retrieved from: http://doc.utwente.nl/73744/1/Kraaijenbrink.pdf
OECD (2011). Entrepreneurship Policy Delivery. Retreived from: http://www.oecd.org/document/21/0,3746,en_21571361_38013663_38040823_1_1_1_1,00.html
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