Entrepreneurship Studies - Introduction

The act of starting and running a new business venture.

Someone who starts a new business and takes on the risks and rewards of operating it.

The process of combining factors of production (land, labor, capital) to create goods or services in the hope of earning a profit.

A creative and strategic process of starting and growing a new venture.

The process of developing and analyzing business or investment ideas.

Individuals with high aspirations who seek independence and personal achievement through the creation of new things.

The process of creating, innovating, and taking risks to create new products or services.

The entrepreneurial process is rooted in the French word "entrepreneur," which means "to undertake."

The introduction of new ideas, products, or services into the market.

The willingness to accept the possibility of loss or failure in pursuit of a goal.

The process of combining resources, such as labor, capital, and technology, to create a new organization or venture.

The ability to identify and capitalize on opportunities to create a new business venture.

The pursuit of profit through the creation and execution of a business idea.

The factors that contribute to the growth of an economy, including increased production, employment, and innovation.

An entrepreneur is someone who sees an opportunity for a product or service where others see chaos and confusion.

Entrepreneurs are able to create new opportunities for profit where none existed before. They are essentially inventors in the business world.

Entrepreneurs are willing to take on risk to achieve their business goals. They carefully calculate potential risks and often rely on innovative ideas to minimize losses and maximize profits.

Entrepreneurs act as change agents, driving progress and development in society. They introduce new concepts and disrupt existing patterns to improve things.

Entrepreneurs are value-adding agents; they work to enhance products and services by improving quality, functionality, or accessibility.

Entrepreneurs are committed, determined, and persevere through challenges. They are hardworking and refuse to give up in the face of adversity.

Often, entrepreneurs take a calculated risk to achieve success. They examine potential outcomes to minimize risk and maximize profit.

Entrepreneurs innovate by introducing new products, services, or methods to address a need or solve a problem.

An entrepreneur's role in connecting the company with customers and investors.

An entrepreneur constantly analyzes the business's internal and external environment.

Entrepreneurs modernize traditional industries, create jobs, and contribute to social welfare by redistributing wealth.

An entrepreneur takes risks, mobilizes funds, utilizes local resources, and provides a channel for economic activity.

Entrepreneurs promote the use of local technology, adapt imported technologies, and develop technological skills within their workforce.