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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...

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...

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...

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. Status An entrepreneur is...

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...

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...

Special Economic Zones (SEZ)   A special economic zone (SEZ) refers to designated areas in countries that possess special economic regulations that are different from other areas in the same country. Moreover, these regulations tend to contain measures that are conducive to foreign direct investment. Conducting business in a SEZ usually means that a company will...

International Marketing Environment   The key difference between domestic marketing and marketing on an international scale is the multidimensionality and complexity of the many foreign country markets a company may operate in. An international manager needs a knowledge and awareness of these complexities and the implications they have for international marketing...

World Bank   The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank is a component of the World Bank Group, and a member...