role and importance of entrepreneur in automobile industry
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Answer:
Entrepreneurship plays an economic development in general, and Industrial Development in particular of the country. Like other economic concepts, entrepreneurship has been a subject of much debate and discussions. “Entrepreneurship is the attempt to create value through recognition of business opportunity, the management of risk-taking appropriate to the opportunity and through the communicative and management skills to mobilize human, financial and material resources necessary to bring a project to fruition.” Entrepreneur precedes entrepreneurship.
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Answer:
Entrepreneurship is important as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs, but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.