the activity of organizing, managing, and assuming the risks of a business enterprise. The individual doing the organizing is called the entrepreneur.
the art or science of innovation and risk-taking for profit in business.
the quality of being an entrepreneur
Entrepreneurship is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses; however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations. According to Paul Reynolds, entrepreneurship scholar and creator of the Global Entrepreneurship Monitor, "by the time they reach their retirement years, half of all working men in the United States probably have a period of self-employment of one or more years; one in four may have engaged in self-employment for six or more years. Participating in a new business creation is a common activity among U.S. workers over the course of their careers." And in recent years has been documented by scholars such as David Audretsch to be a major driver of economic growth in both the United States and Western Europe. "As well, entrepreneurship may be defined as the pursuit of opportunity without regard to resources currently controlled"
U.S. National Library of Medicine
The organization, management, and assumption of risks of a business or enterprise, usually implying an element of change or challenge and a new opportunity.
It is the science and art of identifying viable business opportunities, mobilisation resources and run the business profitably under calculated risk conditions.
It's a science because you need to follow certain guidelines and business principles. However, it is an art because you need to go for what you love most, live it and express according to your ideologies.
Etymology: Entrepreneurship as a term immerged in the 1940s and 50s but this definition was devised and added to the existing definitions in 2020.Submitted by adsikalumbi on November 14, 2020
The numerical value of Entrepreneurship in Chaldean Numerology is: 8
The numerical value of Entrepreneurship in Pythagorean Numerology is: 4
Examples of Entrepreneurship in a Sentence
There’s this romantic element to Detroit, rooted in history of invention and entrepreneurship. The fact that it’s partially abandoned now adds an element of ‘wild wild west’ mystic, it’s hard to understand a city like this if you only read about it in the news.
Social entrepreneurship is the road less traveled, but is one of the paths that can lead to the building of hybrid businesses with triple-bottom lines.
Governor Perry established in the national mind that Texas is the place for jobs and freedom where entrepreneurship thrives and the American dream is alive.
It’s true in entrepreneurship and in parenting that there is no rule book.
That's sort of the most dangerous consequence of this kind of concentration is the ability to exclude rivals, put them out of business, diminish innovation, diminish entrepreneurship, diminish choices for consumers.
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Translations for Entrepreneurship
From our Multilingual Translation Dictionary
- ريادة الأعمالArabic
- espíritu empresarialSpanish
- vállalkozói szellemHungarian
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"Entrepreneurship." Definitions.net. STANDS4 LLC, 2020. Web. 28 Nov. 2020. <https://www.definitions.net/definition/Entrepreneurship>.