INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -Though the key take away from this Idea is that entrepreneurship can be learnt by anyone, it’s not something that can simply learn in a classroom. Even once key business knowledge has been acquired, the entrepreneur still has to learn how to use it in practice-something that can only be done through practice.
Detailed explanation-2: -Many people believe that good entrepreneurs are born; that it is not a trainable skill. I believe there is an innate component, but I also often agree with the great Peter Drucker, who said “It’s not magic, it’s not mysterious, and it has nothing to do with genes.
Detailed explanation-3: -We can indeed learn about it, its process, how it works, and various other points by sitting in a classroom listening to a lecture or by the typical case-study method used in business programs.
Detailed explanation-4: -An entrepreneur is a person who is responsible for an entrepreneurship venture. Even though it is widely believed that entrepreneurs are born with the necessary skills; however, it is not entirely true, anyone can learn how to become one by undergoing an entrepreneurship development process.