Entrepreneur

Entrepreneurship 1) Define Entrepreneurship. The word entrepreneur has been derived from the French word entrependure in the seventh century, which means the person who under buzz offs the risk of new entreprise. Entrepreneurship is the mental process by which individuals pursue opportunities without regard to resource they currently control. The upshot of entrepreneurial behaviour is identifying opportunities and putting useful ideas into practice. The task called for by this behaviour butt end be accomplished by every an individual or a group and typically requires creativity, dig and a willingness to take risks. Babson college and Harvard business school has define entrepreneurship as a way of thinking, reasoning and acting that is obsessed, holistic climax and leadership balanced. According to Peter Ducker entrepreneurship is a systematic innovation, which consists in the purposeful and organized search for changes, and it is the systematic abstract of the opportunities such changes might offer economic and social innovation. Entrepreneurship can be described as a process of live up to an entrepreneur undertakes to establish his enterprise. Entrepreneurship is a creative activity. It is the ability to manufacture and build something from practically nothing.

It is a knack of sensing hazard where others see chaos, contradiction and confusion. Entrepreneurship is the attitude of mind to seek opportunities, take calculated risks and derive benefits by setting up a venture. It comprises of numerous activities involved in conception, creation and running an enterprise. Entrepreneurship involves the scholarship of the opportunities, and a plan for how to shape the opportunity into a practicable business and the person or group of persons taking on these responsibilities are called entrepreneur or entrepreneurs. 2) Discuss 2 motivational factors of the entrepreneur. The motivational factors that stimulates a person to become entrepreneur and bring their own firm are -... If you want to get a full essay, order it on our website: Orderessay

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