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Entrepreneurship refers to the process of starting and operating a new business or venture, taking on financial risks in the hope of profit. Entrepreneurs are individuals who conceive ideas, take the initiative to set up businesses, and are willing to take calculated risks to see their vision become a reality. Entrepreneurship involves various aspects such as innovation, creativity, resource management, and the ability to adapt to changing market conditions. Successful entrepreneurship often leads to economic growth, job creation, and the development of new products or services.
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What is the intraprenure difference between enterprenureship enterprenure compentencies of enterprenuel development scope of enterprenure?
intraprenure is one who has working inside the organisation and at the mean time,organisation allowed him to start and give entraprenural service to the organisation. -Venkatesh kumara M.S
What are the advantages and disadvantages of enterprenureship?
That's a pretty general question to which I've posted a general answer.Ultimately though, it is case specific. Advantages: 1)It gives you scope to explore your creative potential in areas of personal interest. 2)If you make it big, you get rich. If you dont, you have the experience anyway. 3)It sets you apart from the crowd plus you can operate in markets where the trend is pretty stable and opportunities dont run out soon. Disadvantages: 1)It's a pretty high risk financially especially if your company is a proprieter owned or a partnership as it puts you on infinite liability. 2)You may get into legal trouble if you dont follow protocol for any reason. 3)If you do make it, you'll have to watch out for big fish who want to swallow you up by a takeover.
