Entrepreneurship Overview

Front

What does the term 'entrepreneurship' derive from?

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The French verb 'enterprendre' which means 'to undertake'.

Front

A person who is willing to take risks and generate unique ideas.

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entrepreneur

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What are the key relevance of entrepreneurship to an organization?

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Development of managerial capabilities, creation of organizations, improving standard of living, and economic development.

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What are the types of entrepreneurs?

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Innovative, imitating, Fabian, drone, and social entrepreneurs.

Front

They create new things by thinking of new ideas.

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innovative entrepreneurs

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They follow the ideas of other entrepreneurs without creating new things.

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imitating entrepreneurs

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They do not initiate but follow only after they are satisfied and are skeptical about changes.

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Fabian entrepreneurs

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They live on the labor of others.

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drone entrepreneurs

Front

They initiate changes and drive social innovation and transformation in fields such as education, health, and human rights.

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social entrepreneurs

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What are core competencies in entrepreneurship?

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Economic and dynamic activity, innovative, profit potential, and risk bearing.