INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Employee
|
|
Entrepreneur
|
|
Entrepreneurship
|
|
Manager
|
Detailed explanation-1: -According to Stevenson, entrepreneurship is the pursuit of opportunity beyond resources controlled. “Pursuit” implies a singular, relentless focus. Entrepreneurs often perceive a short window of opportunity.
Detailed explanation-2: -“Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.” In other words, entrepreneurship is the ability to pursue opportunity without money, or permission, or pedigree, or most other means that might make the pursuit easier.
Detailed explanation-3: -“Entrepreneurship is the relentless pursuit of opportunity without regard to resources currently controlled. ‘’
Detailed explanation-4: -Entrepreneurs are innovative opportunity seekers. They have endless curiosity to discover new or different ideas and see whether these ideas will work in the marketplace. Entrepreneurs create value by introducing new products or services or finding better ways of making them.
Detailed explanation-5: -Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control. The essence of entrepreneurial behavior is identifying opportunities and putting useful ideas into practice.