What is the meaning of term entrepreneurship, Business Management

Assignment Help:

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:

2431_Concept of Entrepreneurship.png


Related Discussions:- What is the meaning of term entrepreneurship

Strategy, strategy as an organizational process

strategy as an organizational process

International business of ernst & young, International Business of Ernst & ...

International Business of Ernst & Young Ernst & Young is one of the largest global leaders in the professional service provider. As per the changing demand of the customers,

Necessity of permitting workers to participate in management, What is the o...

What is the objective or necessity of permitting workers to participate in management? The objective or the necessity of allowing workers to participate within management can b

Explain the advantages and disadvantages of partnership, Q. Explain the adv...

Q. Explain the advantages and disadvantages of partnership? Advantages of Partnership Firm 1. Easy formation: A partnership firm can be formed without any compulsory lega

What are the relatively distinct leadership styles, What are the relatively...

What are the relatively distinct leadership styles? The three relatively distinct leadership styles are as illustrated below: 1. Authoritarian: leader makes every decision

Safety organization, Safety Organization  A safety organization consis...

Safety Organization  A safety organization consists of a systematic procedure by means  of which  interest is  co rated and  maintained and all safety activities  are co relat

Show the sales for a product, a) Copy the sales data provided on the VLE in...

a) Copy the sales data provided on the VLE into a separate worksheet within your Garden workbook and call it Sales Database. Sort this data into sales for each month in 2010 and s

Explain the three core dimensions of cooperative work., QUESTION Many ...

QUESTION Many organisations rely on different types of collaborative software to support cooperative work within their different business functions. (a) How is groupware di

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd