ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
AN ENTREPERNEUR WHO OWS MORE THAN ONE BUSINESS AT THE TIME IS CALLED
A
AN INTAPRENEUR
B
A CORPORATE ENTREPRENEUR
C
AN PORTFOLIO ENTREPRENEUR
D
NONE OF THE ABOVE
Explanation: 

Detailed explanation-1: -Answer: c. An entrepreneur who is the owner of more than one business is called: Portfolio Entrepreneur. Intrapreneur.

Detailed explanation-2: -This paper focuses on the portfolio entrepreneur, one who chooses to own and manage two or more businesses simultaneously. Portfolio entrepreneurs are thus distinguished from serial entrepreneurs who also own multiple businesses but sequentially, and novice entrepreneurs who only have a single business.

Detailed explanation-3: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Detailed explanation-4: -Even entrepreneurs who’ve stuck to one company tend to become portfolio entrepreneurs if that company becomes hugely successful – by producing multiple companies within their company – Jeff Bezos, Bill Gates, James Dyson, the Google founders.

Detailed explanation-5: -"Serial entrepreneurs” run multiple businesses in sequence while “portfolio entrepreneurs” run multiple businesses in parallel; they differ from “novice entrepreneurs” who have so far operated only one venture.

There is 1 question to complete.