Question

what is entrepreneurship

Answer 1

entrepreneurship may be defined as a systematic innovation which consists of the purposeful and organised search for changes,and a systematic analysis of the opportunities that such change might offer for economic and social transformation.

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Answer 2

Entrepreneurship refers to a risk taking behavior with the primary objective to successfully design,establish and operate business or businesses.

Explanation:

The activities of an entrepreneur includes the whole mechanism that is involved with business operation even before its official launch.Some of the important activities that come under entrepreneurship includes:-

• Planning the business idea and its execution
• Designing a concrete business plan
• Ensuring financial capital and material resources to set up the business
• Leadership planning
• Understanding the market and industry thoroughly
• Assuming all the risks and uncertainties associated with the business
• Effective risk management