Scribd Upload
Scribd Upload
Concept of Entrepreneurship
Entrepreneurship is the ability and readiness to develop, organize and run a
business enterprise, along with any of its uncertainties in order to make a
profit. The most prominent example of entrepreneurship is the starting of new
businesses.
This start-up entrepreneur starts a business knowing that their vision can
change the world. They attract investors who think and encourage people who
think out of the box. The research focuses on a scalable business and
experimental models, so, they hire the best and the brightest employees. They
require more venture capital to fuel and back their project or business.
These huge companies have defined life-cycle. Most of these companies grow
and sustain by offering new and innovative products that revolve around their
main products. The change in technology, customer preferences, new
competition, etc., build pressure for large companies to create an innovative
1
product and sell it to the new set of customers in the new market. To cope
with the rapid technological changes, the existing organisations either buy
innovation enterprises or attempt to construct the product internally.
Social Entrepreneurship-
Characteristics of Entrepreneurship:
Not all entrepreneurs are successful; there are definite characteristics that
make entrepreneurship successful. A few of them are mentioned below:
2
of the current market, or whether it is time to tweak it a little. Being able
to be accountable and then alter as needed is a vital part of
entrepreneurship.
Advantages of Entrepreneurship:
Thanks.