Entrepreneur

1) Write your own definition of Entrepreneurship. Look for two more

A) Entrepreneurship: Entrepreneurship means the function of planning, organizing, coordinating, solving the problems and making appropriate decision making.

Entrepreneurship: Entrepreneurship is neither a science nor an art. It is a practice. It has a knowledge base. Knowledge in entrepreneurship is a means to an end that is by the practice- By Peter P Drucker

Entrepreneurship: Entrepreneurship is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction of independence – By Robert Hirsch

2) What are the roles of an entrepreneur?

A) The following are the roles of an entrepreneur:

1) Creativity: Creativity is the ability to bring something new into existence. A person may conceive of something new, and envision how it will be useful but not necessarily take the necessary action to make it a reality.

2) Innovation: Innovation is the specific instrument of entrepreneurship. It creates a resource. Entrepreneurs should innovate.

3) Dynamism: Innovation, together with dynamism constitutes a potential combination for prosperity. He analyses the problem to solve them in interest of enterprise. He always believes in win-win situation.

4) Leadership: The qualities of leadership will enable a person to stand apart in whatever profession he might be in. Leadership is a basic quality of an entrepreneur. This spirit keeps him forward in any field.

5) Team building: An ideal entrepreneur is the one who has the ability to build a team. A team is a group of individuals with common purpose to share knowledge , competency and goals.

6) Problem solving: An entrepreneur should learn to face the problem and solve them. He should define the problem, gather information, indentify various solutions, evaluate alternatives and implement the...