Question

According to _________ an entrepreneur is basically an Innovator

Answer 1

Answer:

schumpeter

Explanation:

schumpeter

Answer 2

Answer:

According to Joseph Schumpeter an entrepreneur is basically an Innovator

Explanation:

Given: According to _________ an entrepreneur is basically an Innovator.

Find: Fill in the blanks

Joseph Schumpeter, an economist, emphasised throughout the 20th century how an entrepreneur's desire for innovation and development leads to upheaval and change.

New and improved concepts have revolutionised traditional company practises. He asserts that "Entrepreneurship is essentially a creative activity or it is an innovative function".

Basically an entrepreneur is an innovator, job and wealth generator.In addition to the above he is also

• Change agent

• Problem solver

• Pace setter

• Excellence seeker

• Marketing executive

• Concept promoter

Functions of an entrepreneur.

In order to be an entrepreneur, the individual performs various functions. Among the various

functions performed, the following functions, also known as entrepreneurial functions, are specifically considered as the characteristics of an entrepreneur.

1. Sensing an entrepreneurial opportunity.

2. Converting ideas into Reality.

3. Developing the business plan.

4. Resourcing

5. Establishing an enterprise.

6. Managing the enterprise

7. Growth and development

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