Roles of Entrepreneurship as a Tool to Improve Economic Development: Case of Job Creation in Developing Nations

Entrepreneurship remains core to different societies as it contributes to the development in various ways. Hence, this study explores the role played by entrepreneurship in promoting economic development, economic growth and job creation. It considers the way entrepreneurship contributes to the economic growth of the country, with an aim of understanding how entrepreneurship influences the standard of living of people, economic development, wealth-sharing and job creation method. Questionnaires were administered to 300 lecturers across 5 tertiary institutions learning in South Africa. Retrieved data was analysed using SPSS. The analysed data show that entrepreneurship has the potency to enhance development. Further findings from the study shows that it is good practice for tertiary institutions of learning to have budget for entrepreneurship education, which in turn is expected to empower citizens. Also, it is good for stakeholders which should include entrepreneurs within and around the host communities of the institutions of learning to be involved during curriculum planning. The study recommends amongst others that entrepreneurship education should be maximised in improving job creation, ensuring sustainable development. Also, relevant stakeholders such as entrepreneurs should be involved in curriculum planning and designing, entrepreneurship education should be treated with utmost caution and made a practical course.