ENTREPRENEURSHIP

Detailed explanation-1: -An innovating entrepreneur sees the opportunity for introducing a new technique or a new product or a new market. He may raise money to launch an enterprise, assemble the various factors, and choose top executives and the set the organization going. Schumpeter’s entrepreneur was of this type.

Detailed explanation-2: -Entrepreneurs create value by introducing new products or services or finding better ways of making them. Entrepreneurs may totally change the prevailing business paradigm by rendering it obsolete through the introduction of disruptive technologies, processes, and systems.

Detailed explanation-3: -Innovative entrepreneurship Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions. They take these ideas and turn them into business ventures. They often aim to change the way people live for the better. Innovators tend to be very motivated and passionate people.