Entrepreneurs … people who create and grow enterprises
Entrepreneurship … the process through which entrepreneurs create and grow enterprises.
Entrepreneurship development … the infrastructure of public and private policies and practices that foster and support entrepreneurship.
What is Entrepreneurship? Entrepreneurship is a dynamic form of social and economic behavior in which people respond to environmental signals about the availability of opportunities and the resources with which they can be exploited. Rae and Carswell
"Entrepreneurship is the recognition and pursuit of opportunity without regard to the resources you currently control, with confidence that you can succeed , with the flexibility to change course as necessary, and with the will to rebound from setbacks."
Ability to develop simple tasks to solve complicated problems
Ability to find complete and efficient solutions to problems
E N T R E P R E N U E R Innovation Administrative Ability Organization Skills Intelligence Creativity Clear Objective Business Secrecy Sound Knowledge/Technical Knowledge Emotional Stability Public Relation Effective Communication
Is the industry now, or can it become, structurally attractive?
It is easier to gain market share from a growing market than from a stagnant one
The entrepreneur is solely and fully responsible for his funds. Said differently, you could conclude that the entrepreneur has to be reasonably sure of the success of his ideation. Whereas, failure of intrapreneurship probably just means the company has a loss of profit from its other businesses. Entrepreneurship Pg 1.4
Is an entrepreneur a manager? Yes. Is a manager an entrepreneur? Not necessarily! There are just a few essential differences Entrepreneurship Pg 1.4
Entrepreneurship E M Venture New Existing Risk Yes No Reward Profit Salary Status Ind. Not Ind. Pre-req. No qual. Qual. Creative Pg 1.4