Entrepreneurship: Introduction and Definitions

Entrepreneurship is an emerging multi-disciplinary course in the field of ______.

Entrepreneurship is a dynamic process undertaken by an entrepreneur to create incremental value by discovering investment opportunities, organizing an enterprise, undertaking ______ and there by contributing to economic growth.

Is the tendency of person to organize the business of his own and to run it profitably, using all the qualities of ______, decisions making and managerial quality etc.

Entrepreneurship is the art of turning an idea into a ______.

Entrepreneurship is the process of creating something different with value by devoting the necessary time and effort, to get some economic ______.

From the above definition we can see that entrepreneurship is the function of seeing investment opportunity with ______ functions.

Entrepreneurship is a mindset and practice of looking and acting upon opportunities for economic and or social benefits through ______ and risk taking.

Entrepreneur is any person that continuously seeks and acts upon opportunities for economic and or social gains through applying the principle of creative ______ solving.

Intrapreneurs also notice opportunities and take initiative to mobilize resources, however they work in large companies and contribute to the ______ of the firm.

The main elements of entrepreneurships are ______: It includes introduction of new products, creation of new markets, application of new process of production, discovery of new and better sources of raw materials and developing a new and better form of industrial organization.

Vision (Identifying emerging opportunities) ______ (Assuming different types of risks; financial, psychological, social).

Organizing (Coordinating resources and creating ______)

Optimism - Entrepreneurs are dreamers and believe their ideas are possible, even when they seem ______.

During the ancient period the word entrepreneur was used to refer to a person managing large commercial projects through the resources provided to ______.

In the 17th Century a person who has signed a contractual agreement with the government to provide stipulated products or to perform service was considered as ______.

In the 18th Century the first theory of entrepreneur has been developed by Richard Cantillon. He said that an entrepreneur is a ______ taker.