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Entrepreneurship
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit”. While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to “lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of all of these.A broader definition of the term is sometimes used, especially in the field of economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technology into new products: “The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation.” In this sense, the term “Entrepreneurship” also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.
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Enterprise (noun)
A company, business, organization, or other purposeful endeavor.
“The government sponsored enterprises (GSEs) are a group of financial services corporations which have been created by the United States Congress.”
“A micro-enterprise is defined as a business having 5 or fewer employees and a low seed capital.”
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Enterprise (noun)
An undertaking, venture, or project, especially a daring and courageous one.
“Biosphere 2 was a scientific enterprise aimed at the exploration of the complex web of interactions within life systems.”
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Enterprise (noun)
A willingness to undertake new or risky projects; energy and initiative.
“He has shown great enterprise throughout his early career.”
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Enterprise (noun)
An active participation in projects.
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Enterprise (verb)
To undertake an enterprise, or something hazardous or difficult.
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Enterprise (verb)
To undertake; to begin and attempt to perform; to venture upon.
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Enterprise (verb)
To treat with hospitality; to entertain.
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Entrepreneurship (noun)
The art or science of innovation and risk-taking for profit in business.
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Entrepreneurship (noun)
The quality of being an entrepreneur.
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Enterprise (noun)
a project or undertaking, especially a bold or complex one
“a joint enterprise between French and Japanese companies”
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Enterprise (noun)
initiative and resourcefulness
“success came quickly, thanks to a mixture of talent, enterprise, and luck”
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Enterprise (noun)
a business or company
“a state-owned enterprise”
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Enterprise (noun)
entrepreneurial economic activity
“an economic environment which encourages enterprise”
“local enterprise agencies”
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Entrepreneurship (noun)
the activity of setting up a business or businesses, taking on financial risks in the hope of profit
“the new business opportunities have encouraged entrepreneurship on a grand scale”
Entrepreneurship Illustrations
