Definition Of The Word Entrepreneurship

Entrepreneurship is the creation or extraction of value.

Definition of the word entrepreneurship. But as a basic entrepreneurship definition that one is a bit limiting. With this definition entrepreneurship is viewed as change which may include other values than simply economic ones. More narrow definitions have described entrepreneurship as the process of designing launching and running a new business which is often initially a small business or as the capacity and willingness to develop. See enterprise en tre pre neur i al adj.

Economists have never had a consistent definition of entrepreneur or entrepreneurship the word entrepreneur comes from the french verb entreprendre meaning. Economists have never had a consistent definition of entrepreneur or entrepreneurship though the concept of an entrepreneur has existed and was known for centuries the. Entrepreneurship is the immense strength and human spirit of which made possible the great geographical discoveries of the world. The history of the word entrepreneurship is fascinating and scholars have indeed parsed its meaning.

I ll spare you the results and focus instead on the definition we use at harvard. The definition of the word entrepreneur. And entrepreneurship is defined as. The more modern entrepreneurship definition is also about transforming the world by solving big problems.

A person who organizes and operates a business or businesses taking on greater than normal financial risks in order to do so. A person who organizes operates and assumes the risk for a business venture. Going to the oxford dictionary we can see that an entrepreneur is defined as. Entrepreneurship is a vital activity to bring about changes in the economy and society not only in a country but also of those in the world.

Skill in starting new businesses especially when this involves seeing new opportunities 2.