Entrepreneurship definition by various author

In one word entrepreneurship is considered as the act of assuming the risk and the tasks of an entrepreneur. Authorities while discussing small business & its initiators explained this almost in the same way.

A few of such entrepreneurship definition are presented here under:

Selected entrepreneurship definitions

According to Kuratko D F and Hodgetts R M “The process of organizing, managing and assuming the risks of a business.”

Koontz & Fulmer said “The ability of a person to see a business opportunity, to get together the capital needed to take advantage of the opportunity, and to start a business, taking the risk of failure in the hope of reaping the rewards of success.”

Nathaniel H Left mention that “Entrepreneurship is the capacity for innovation, investment, and expansion in new markets, products, and techniques.”

An Expert “The act of starting a business.”

entrepreneurship_definition_by_various_author

Entrepreneurship definition

The terms entrepreneur and entrepreneurship are interlinked, one can think of the one without the other. The theme or discipline that suggests the explanations is based on the same principles, whether Introduction to entrepreneurship the terms are used with reference to large institution or an individual who starts & runs his or her new venture single handedly.

You may like also:

1 comment for “Entrepreneurship definition by various author

  1. Matthew
    November 18, 2017 at 3:19 PM

    I would like to thank you for the efforts you’ve put in writing this blog.

Leave a Reply

Your email address will not be published. Required fields are marked *