ENTREPRENEURSHIP

Detailed explanation-1: -An entrepreneur assembles and then integrates all the resources needed-the money, the people, the business model, the strategy, and the risk-bearing ability to transform the invention into a viable business.

Detailed explanation-2: -An entrepreneur can be described as “one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying significant opportunities and assembling the necessary resources to capitalize on them” (Zimmerer & Scarborough, 2008, p.

Detailed explanation-3: -Entrepreneurial activity includes developing and starting a new business and implementing a business marketing plan, often with the end goal of selling the company to turn a profit.

Detailed explanation-4: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)