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Entrepreneurship - Example Papers

Entrepreneurship

ENTREPRENEURSHIP ESSAY.

An entrepreneur can be defined as a person who undertakes innovations, finance a business acumen in an effort to transform those innovations into viable economic goods. In general view, he or she is an agent of change. Entrepreneurship, on the other hand is the processing of discovering new ways of combining economic resources. Entrepreneurs make profits when the demand chain surpasses the supply chain leading to a gap in supply.

Entrepreneurial activities are relatively different depending on the type of organization and the kind of activity one engages in. In most cases, entrepreneurship activities range from solo projects to major undertakings dealing in ...

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to scholar Frank H. Knight, entrepreneurship is all about taking risk. We have had of people who leave their well paying jobs to venture in an uncertain World of entrepreneurship. Uncertain because you never know which turn the events will take. But according to Frank, the risk of leaving aside financial security and risking your future is what makes an entrepreneur. The acts of entrepreneurship is more often linked with true uncertainity, especially when it involves a unique product that never existed in the market before. But even if it does, will he have ready market? Absolutely not.

An entrepreneur is considered as an intergral player in many business cultures. They are engines for job creations and economic growth. Though regarded by many as leaders, or that they opperate in purely business sectors in life, entrepreneurs are more or less like any other people, the only difference being that they are risk takers who does not fear the prospects of failing while giving it ...

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Entrepreneurship. (2011, June 20). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Entrepreneurship/99748
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PAPER DETAILS
Added: 6/20/2011 04:32:18 AM
Submitted By: nicxie
Category: Business
Type: Premium Paper
Words: 560
Pages: 3

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