INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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discuss your general area of interest with a reference librarian
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focus your efforts on studying newspapers and periodicals
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focus your efforts on browsing through industry-related materials
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discuss your general area of interest with other library patrons
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focus your efforts on academic journals
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Detailed explanation-1: -Cognition is one of the significant approaches to distinguish entrepreneurs from other groups of people and explain how individuals make decisions (Das and Teng, 1997), which focuses on their preferred ways of collecting, processing, and evaluating information (Allinson et al., 2000).
Detailed explanation-2: -Entrepreneurship is defined by H. H. Stevenson and J. C. Jarillo, two prominent entrepreneurship scholars, as “the process by which individuals pursue opportunities without regard to the resources they currently control.” Others see entrepreneurship as the art of turning an idea into a business.
Detailed explanation-3: -Answer: The four main characteristics of successful entrepreneurs are: passion for the business, product/customer focus, tenacity despite failure, and execution intelligence.