ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Corporate entrepreneur is called promoter. He/she takes initiative necessary to start an entity under corporate format. He/she arranges to fulfil the formalities to start a corporate entity under Company law.

Detailed explanation-2: -A sense of initiative and entrepreneurship is the ability to turn ideas into action through creativity, innovation, and risk-taking, as well as the ability to plan and manage projects. It is a key competence that can be developed from primary school to secondary and beyond.

Detailed explanation-3: -People who show initiative demonstrate they can think for themselves and take action when necessary. It means using your head, and having the drive to achieve. Initiative is a self-management skill, and self-management is one of five key life and work skills for Young Professionals.

Detailed explanation-4: -1. Idea Generation: every new venture begins with an idea. In our context, we take an idea to be a description of a need or problem of some constituency coupled with a concept of a possible solution.

Detailed explanation-5: -A definition of corporate entrepreneurship Corporate entrepreneurship, or intrapreneurship as it is often referred to, is the concept of supporting employees to think and behave like entrepreneurs within the confines of an existing organisational structure.