what is entrepreneurship give examples.
Answers
Answer:
Entrepreneurship is defined as the act of starting and running your own business or a tendency to be creative and wish to work for yourself in your own ventures. An example of entrepreneurship is a person who is running his own business.
Explanation:
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Answer: The creation or extraction of economic value is referred to as entrepreneurship. According to this definition, entrepreneurship is considered as transformation that involves greater risk than the typical ones while starting a business and may also involve values other than financial purpose.
Explanation:
Entrepreneurship in small businesses : A hair salon, grocery store, travel agency, consultant, carpenter, plumber, electrician, etc. are some of these companies. These people own or run their own enterprises and work with locals or family members. To finance their firm, they borrow money from acquaintances.
Scalable startup business: This new business owner launches a venture with the conviction that their vision can alter society. They draw intelligent investors and support out of the box thinking. The research focuses on scalable firms and experimental models, so they hire the smartest and most talented people.
Large-scale businesses: These big businesses have well-defined life cycles. Most of these companies grow and continue to be profitable by releasing new, cutting-edge products that enhance their core services. Because of evolving technology, shifting consumer preferences, new competition, etc., large organisations are under pressure to create an original product and provide it to a new group of customers in a new market. In order to keep up with the rapid technological changes, the established organisations try to build the product internally or buy new enterprises.
Entrepreneurship for social good : This kind of entrepreneurship is focus on creating goods and services that address issues and needs which is prevalent in present society. Their only mantra and goal is to work for society rather than make any money.
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