5. 19th to 20th century
entrepreneurs were frequently not distinguished from
managers and were viewed mostly from economic
perspective
In middle of 20th century the nation of an
“entrepreneur as an innovator” was established. The
function of entrepreneur in this period is to reform or
revolutionize the pattern of production.
11. Why entrepreneurship is important
Innovation– creation of new product or new service
Job– creation of job opportunities
Prosperity– creation of wealth
Economic &growth– contribution of nation growth