Entrepreneur a person who takes the risks necessary to organize, manages a business, and receives the financial profits and nonmonetary rewards
Entrepreneurship: Entrepreneurship refers to the process of designing, launching, and running a new business venture with the aim of making a profit or creating social impact. Entrepreneurs are individuals who identify a need or opportunity in the market. And take on the risk of starting a new business to meet that need or capitalize on…
Meaning of Entrepreneurship: Entrepreneurship refers to the process of designing, launching, and running a new business. Venture with the aim of making a profit or creating social impact. Entrepreneurs are individuals who identify a need or opportunity in the market. And take on the risk of starting a new business to meet that need or…
The entrepreneur word came from “Entreprendre” word. Many writers stated about entrepreneur. Joseph Cantillon stated that, entrepreneur is primarily an innovator whose dynamic creative response makes him central to promotion to material growth. J.B. Say stated that, an entrepreneur is one who combined the land of one, the labor of another and the capital to…
Entrepreneurship is, and continues to be, important to every industry sector in most advances countries. Its importance can be shown in three areas; innovation, number of new start ups, and job creation. Innovation: Innovating is a process of changing, experimenting, transforming, revolutionizing, and a key aspect of entrepreneurial activity. The “creative destruction” process that characterizes…
Entrepreneur a person who takes the risks necessary to organize, manages a business, and receives the financial profits and nonmonetary rewards. An entrepreneurial person employed by a corporation and encouraged to be innovative and creative. The entrepreneur, according to French economist J.B. Say, is a person who shifts economic resources out of an area of…