ENTREPRENEURSHIP

Detailed explanation-1: -Innovative entrepreneurship is the practice of establishing creating new business ideas intending to generate profit, assist their community and accomplish company goals. Innovation helps an individual entrepreneur or a group of entrepreneurs to improve or replace a particular product, process or service.

Detailed explanation-2: -The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market.

Detailed explanation-3: -Entrepreneurial innovation is the ability to turn an idea into reality. It is about finding new ways to do things and making them better. Entrepreneurial innovation is about creating new products or services, improving processes or finding new markets for existing products or services.

Detailed explanation-4: -Having a strategy is an invaluable skill for innovative entrepreneurs. Thinking must be clear and actionable for an entrepreneur to be successful. Strategic thinkers bring new ideas to the table. Then, they follow up their ideas with an execution plan that includes the resources required to bring their idea to life.