INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Innovation
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Work ethic
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Intelligence
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Professionalism
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Detailed explanation-1: -An entrepreneur is an individual having an exclusive idea to establish a new venture. A businessman is an individual who establishes a business with an old business idea.
Detailed explanation-2: -The main difference between innovation and entrepreneurship is that innovation involves introducing something new. This can be a new business model, product, idea, or service. On the other hand, entrepreneurship involves turning a great idea into a business opportunity.
Detailed explanation-3: -Entrepreneur vs Innovator Innovators create new products, services, or ways of doing things while entrepreneurs turn those ideas into viable businesses concepts.
Detailed explanation-4: -Entrepreneur vs. An entrepreneur runs their own company. They have complete freedom and responsibility–for better or for worse. An intrapreneur is responsible for innovating within an existing organization (usually a big one). While intrapreneurship is less risky, it also comes with less autonomy.