مراجعة ريادة الأعمال

**RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION** 1. **DEVELOPMENT OF MANAGERIAL CAPABILITIES** This means that one of the benefits an entrepreneur gets is to develop managerial skills 2. **CREATION OF ORGANIZATION** Which means that because of entrepreneurship many organizations will exist...

**RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION** 1. **DEVELOPMENT OF MANAGERIAL CAPABILITIES** This means that one of the benefits an entrepreneur gets is to develop managerial skills 2. **CREATION OF ORGANIZATION** Which means that because of entrepreneurship many organizations will exist 3. **IMPROVING STANDARD OF LIVING** This means that entrepreneurship can lift up the economic status of an individual 4. **MEANS OF ECONOMIC DEVELOPMENT** This means that not only the life of the entrepreneur is improved but also the society where the business is located **CONCEPT OF ENTREPRENEURSHIP** The word **" entrepreneur**" was derived from the French verb **"enterprendre**" which means **"to** **undertake"**. This is \[pinpointing to those who undertake the risk of enterprise is created by entrepreneur and the process called **"ENTREPRENEURSHIP"** Entrepreneurship are innovators willing to take a risk and generate the new ideas to make it unque and profitable solutions **FACTORS AFFECTING ENTREPRENEURSHIP** **Personality factors which includes:** 1. **INITIATIVE** Which means doing things even before being told 2. **PRO ACTIVE** Which means he can classify opportunities and seize it. 3. **PROBLEM SOLVER** Which means he can retain good relations with other people 4. **PERSEVERANCE** Meaning he will pursue things to get done regardless of challenges 5. **PERSUASION** Means that he can entice people to buy even if they don't 6. **A PLANNER** Meaning that he can makes plan before doing things and do not fail to monitor it 7. **RISK-TAKER** Which means that he is willing to gamble but he will calculate it first **ENVIRONMENTAL FACTORS** Which include political, climate, legal system, economic and social conditions and market situations. **Common Competencies in Entrepreneurship** 1. **Decisive** 2. **LEADER** 3. **OPPORTUNITY SEEKER** 4. **PROACTIVE** 5. **RISK TAKER** 6. **Communicator** 7. **Innovative** the entrepreneur has big business ideas and he does not stop improving and thinking **Core Competencies in Entrepreneurship** 1. **Economic and dynamic activity** entrepreneurship is an economic activity because \" involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources 2. **Innovative** entrepreneur constantly look for new ideas, thus ne needs to be creative 3. **Profit Potential** meaning the entrepreneur can be compensated by his profit coming from the operation. 4. **Risk bearing** meaning the entrepreneur needs to gamble but wise enough to offset the risk **Types of entrepreneurs** 1. **Innovative entrepreneur** they are those who always make new things by thinking of new ideas. They have the ability to think newer, better, and more economical ideas. 2. **Imitating entrepreneur** they are those who don\'t create new things but only follow the ideas of other entrepreneurs 3. **Fabian entrepreneur** they are those skeptical. They don't initiate but follow only after they are satisfied 4. **Drone entrepreneur** they are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business 5. **Social entrepreneur** they are those who initiate changes in the various fields such as education, health, human rights, environment and enterprise development. 1. **Business Consultant** 2. **Teacher** 3. **Researcher** 4. **Sales** 5. **Business Reporter**