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What is the meaning of term Entrepreneurship?
Meaning of Entrepreneurship:
Entrepreneurship refers to a process of action an entrepreneur undertakes to establish his enterprise. It is a creative and innovative response to the environment. In other words entrepreneurship can be defined as an ability to discover, create or invent opportunities and exploit them to the benefit of the society, which in turn brings prosperity to the innovator and his organization.
Concept of Entrepreneurship:
Concept of entrepreneurship can be demonstrated with the help of given diagram:
You must create a fictituous supply chain (loosely based on a real world system) that has at least three companies A, B and C. Each company will have its own ordering, invoice and
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