What is entrepreneurship?
Understand the Problem
The question is asking for a definition of "entrepreneurship". This involves understanding the concept of starting and managing a business, taking on financial risks, and innovating.
Answer
Entrepreneurship is creating and managing a new business venture, often to make a profit or innovate, involving risk and resource organization.
Entrepreneurship is the process of creating, developing, and managing a new business venture, usually with the aim of making a profit or introducing innovation to the market. It involves taking risks and organizing resources to bring a new idea, product, or service to fruition.
Answer for screen readers
Entrepreneurship is the process of creating, developing, and managing a new business venture, usually with the aim of making a profit or introducing innovation to the market. It involves taking risks and organizing resources to bring a new idea, product, or service to fruition.
More Information
Entrepreneurs are commonly seen as innovators who introduce new ideas, goods, and services, often disrupting existing markets. They play a crucial role in economic growth and job creation.
Tips
A common mistake is thinking entrepreneurship is solely about starting a business. It also includes innovation, risk-taking, and opportunity exploitation within existing organizations.
Sources
- What is entrepreneurship? | Stanford Online - online.stanford.edu
- What is Entrepreneurship? | Houston Christian University - hc.edu
- What is Entrepreneurship? - startupsusa.org
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