1. What is Entrepreneurship? 2. How widespread is entrepreneurial activity in th

Question

1. What is Entrepreneurship?

2. How widespread is entrepreneurial activity in the scope of business today?

3. Entrepreneurs learn to think differently from managers and employees who do not own a business. Explain. What differentiates an entrepreneur from executives and employees who do not own the company for which they work?

4. Why do entrepreneurs start businesses? What are the key motives?

5. What are the common characteristics of entrepreneurs?

6. What does “control” means to entrepreneurs and how does it affect choices?

7. Entrepreneurs are said to be comfortable in paradoxical situations. What are these alternative states that they learn to balance?

Explanation / Answer

1.

Entrepreneurship: Starting and managing a new business with innovative thoughts and excellence is known as entrepreneurship. The entrepreneur must have risk taking ability.

Example: Suppose an educational platform is created with innovative software, where students throw their questions and experts give answers. Such business of the company is entrepreneurship, since it is unique in recent time.

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