Entrepreneurs Definitions “Entrepreneurs are people who have the ability to see and evaluate business opportunities,together with the necessary resources to take advantage of them and to intimate appropriate action to ensure success.” -International Labor Organization Entrepreneur searches for change,responds to it and exploits opportunities.Innovation is the specific tool of an entrepreneur. -Peter F. Drucker […]
Importance of Entrepreneurship
Importance of Entrepreneurship Entrepreneurship offers the following benefits: 1. Development of managerial capabilities The biggest significance of entrepreneurship lies in the fact that it helps in identifying and developing managerial capabilities of entrepreneurs. An entrepreneur studies a problem, identifies its alternatives, compares the alternatives in terms of cost and benefits implications, and finally chooses […]
Entrepreneur Vs. Entrepreneurship
Entrepreneur Vs. Entrepreneurship Entrepreneur Entrepreneurship Entrepreneur is a person. Entrepreneurship is a process. Entrepreneur is an organizer. Entrepreneurship is an organization. Entrepreneur is an innovator. Entrepreneurship is an innovation. Entrepreneur is a risk bearer. Entrepreneurship is risk bearing. Entrepreneur is a motivator. Entrepreneurship is motivation. Entrepreneur is a creator. Entrepreneurship is a creation. Entrepreneur […]
Difference between an Entrepreneur and a Manager
Difference between an Entrepreneur and a Manager Basis of Difference Entrepreneur Manager 1. Motive The main motive of an entrepreneur is to start a venture by setting up an enterprise. But, the main motive of a manager is to render his services in an enterprise already set up by someone else i.e., entrepreneur. 2. […]
Difference between Entrepreneur and Intrapreneur
Difference between Entrepreneur and Intrapreneur Entrepreneur Intrapreneur An entrepreneur is independent in his operations An intraprenuer is dependent on the entrepreneur i.e. the owner. An entrepreneur himself raises funds required for the enterprise. The Intrapreneur does not raise funds. Entrepreneur bears the risk involved in the business. An intrapreneur does not fully bear the […]
Entrepreneurship-Meaning,Definition and Characteristics
Entrepreneurship The word “entrepreneur” is derived from the French verb “entreprendre”, which means ‘to undertake’. This refers to those who “undertake” the risk of new enterprises. An enterprise is created by an entrepreneur. The process of creation is called “entrepreneurship”. Meaning Entrepreneurship is a process of actions of an entrepreneur who is a person […]
