INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an intrapreneur.
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a corporate entrepreneur.
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a portfolio entrepreneur.
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None of the above.
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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: -A serial entrepreneur is someone who is exceptionally creative in bringing up new business ideas and works hard on those ideas to set up a new venture.
Detailed explanation-4: -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-5: -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.