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
Entrepreneurship is the courage to take responsibility for at least one other person's life
Obsessives, those who can not imagine doing anything else with their lives, always find their work more fulfilling than those who find themselves in a profession because it was expected of them or because they did not have a calling that tugged at their emotions, for people like Sir Alex Ferguson, who are obsessed by a pursuit, there is no separation between life and work … It is much easier to endure all the setbacks, reversals and frustrations of management when you deeply enjoy your work. Related : Seth Godin on the Practical Way to Pursue Your Passion( It Does Exist) Obsession is key to overcoming the inevitable setbacks and frustration that come with entrepreneurship. Passion is necessary, but it’s not enough. For example, I once interviewed Chris Gardner, Chris Gardner who Will Smith played in the movie, The Pursuit of Happyness. Chris Gardner was homeless, living with Chris Gardner young son in the bathroom of a train station while pursuing a career as a stock broker. Chris Gardner passed the exam to become a broker, launched Chris Gardner career and became a multi-millionaire. When I asked Chris Gardner for the secret to success, Chris Gardner said.
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.
Our government is eager to rationalize the pension system (for example, by limiting early retirement), proceed with partial privatization of public assets, address the non-performing loans that are clogging the economy's credit circuits, create a fully independent tax commission, and boost entrepreneurship, the differences that remain concern how we understand the relationships between the various reforms and the macro environment.
The mindframe that you have to be an Olympic athlete parlays easily into entrepreneurship, there’s an awful lot of groundwork that has to be laid and things have to be done and nobody is going to do it but you.
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From our Multilingual Translation Dictionary
- ريادة الأعمالArabic
- espíritu empresarialSpanish
- vállalkozói szellemHungarian
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"Entrepreneurship." Definitions.net. STANDS4 LLC, 2021. Web. 12 May 2021. <https://www.definitions.net/definition/Entrepreneurship>.