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Innovation is one of the most important function of an entrepreneur-discuss?
-innovation is the specific tool of entrepreneurs,the mean by which they exploit change as an opportunity for a different business services.It is capable of being presented as a discipline,capable of being learned,capable of being practiced. -The 'dictionary' meaning of innovation is''Introduction of new things''. So innovation is the mean of exploiting a business opportunites.innovation has a different meaning in economics. All goods(wheather physical product and services)are regarded as being made up three factors:nature raw material,physical and mental labour and capital.An innovation is a new combination of these three things. Acc to Schumpeter,the basic function of entrepreneur was to innovate.He says that entrepreneur is basically an innovator and he introduce something new in the economy.Acc to him,an entrepreneur is one who carries out new combination of mean of production.The process of innovation may be following form-: 1)introduction of new products 2)use of new method of production 3)opening a new market 4)a new form of organization
Who is the most successful entrepreneur in the Philippines?
In my opinion, it would be Henry Sy because he started out with small. With his hardwork and dedication he succeeded and made history. Now we know him as the owner of SM's which has now made many branches around Philippines.
What does means of production mean?
Means of production means how things are made, milling would be a means of production. Basically how things are made is it by machine or human things like that.
What things are made in Arkansas?
lotion
Was Thomas Edison rich or poor?
he was rich after he made the lightbulb but poor before
What is a Dave's Biggie Driver?
Dave Thomas (Founder of Wendy's) had them made for gifts.
What are the release dates for Biography - 1987 Dave Thomas Made to Order?
Biography - 1987 Dave Thomas Made to Order was released on: USA: 8 December 1998
Who made Wendy's was it Fred flinstone?
No, it was the late Dave Thomas.
Why did Dave Thomas decide to make his hamburgers fresh?
Dave Thomas decided to make his hamburgers fresh because his favorite restaurant as a kid made their hamburgers square and fresh and also inspired him to create Wendy's.
Is an entrepreneur born or made?
Anyone can become an entrepreneur either born or made doesn't really matter.
What are some things that thomas Edison invented?
Thomas Edison made the light bulb and the phonograph.
What are some important things about Thomas Edison?
he made the lightbulb
What are the qualities that made Walt Disney an entrepreneur?
Anyone that does business in the effort to make money is an entrepreneur.
When was Dave thomas born that made Wendy's?
Dabe Thomas was born on July 2 1932 in Atlantic city New jersey to a young unmarried woman he never knew. he was adopted at 6 weeks by Rex and Auvela Thomas and as an adult would become a well know advocate for adoption fouynding the DAve tOmas Foubndation for Adoption.
Are entrepreneur born or made discuss?
both
Are enterprenuers made or born?
An entrepreneur can be both born or made. If a person is very motivated, he or she could become an entrepreneur even if the person does not have an education in business.
Who made the drink red bull?
Austrian entrepreneur Dietrich Mateschitz.
