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Saturday, 15 December 2018

Definitions of Entrepreneurship

                          Definitions of Entrepreneurship 



(courtesy: Google Images)


Entrepreneurship: The activity of setting up a business or businesses, taking on Financial risks in the hope of profit.                           (dictionary)

Entrepreneurship: Entrepreneurship is the act of creating a business or businesses and scaling it to generate profit.                         (oberlo)

Entrepreneurship: The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. (businessdictionary.com) 

Entrepreneurship: Entrepreneurship is the process of designing, launching and running a new business, which is initially a small business.    (Wikipedia)

Entrepreneurship: Entrepreneurship is both the study of how new businesses are created as well as the actual process of starting a new business - the term is used interchangeably.     (Shopify) 

Entrepreneurship: Entrepreneurship is the state of being an entrepreneur, or the activities associated with being an entrepreneur.    (collinsdictionary) 

Entrepreneurship: An Entrepreneur is a person who undertakes a venture with some profit potential and involving in a considerable amount of risk, therefore, entrepreneurship is the venture undertaken by the entrepreneur.  (toppr) 

Entrepreneurship: Entrepreneurship is the process of creating something new with a value of devoting the necessary time and effort, assuming the accompanying financial, psychic and social risks and receiving the resulting rewards of monetary and personal satisfaction and independence.      (Robert D. Hisrich and Michael P. Peters)

Entrepreneurship: Entrepreneurship involves the identification and exploitation of opportunities to create value that can be economic and/or social. (Morrison et.al) 

Entrepreneurship: Entrepreneurship refers to acts of organizational creation, renewal, or innovation that occur within or independent of an existing organization (Sharma and Chrisman) 

Entrepreneurship: It is the process of starting a business or an organization for profit or social need.  (managementstudyguide) 

Entrepreneurship: Entrepreneurship is defined as an activity that involves the discovery, evaluation, and exploitation of opportunities to introduce new good and services, ways of organizing, markets, processes, and raw materials through organizing, markets, processes, and raw materials through organizing efforts that previously had not existed (Ventakaraman and Shane) 

Entrepreneurship: Entrepreneurship is the process of discovering new ways of combining resources. 

These are different Definitions of Entrepreneurship. But the most important definition of an Entrepreneurship is formulated by Professor Howard Stevenson the father of Entrepreneurship studies as Harvard Business School. According to Stevenson

Entrepreneurship is the pursuit of opportunity beyond resources controlled.  

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