provided men and materials needed by feudal lords to wage wars. Entrepreneurship refers to a skill or ability to mobilise the factors of production‚ i.e. land‚ labour‚ capital and ability to use them to produce new good and services. The entrepreneurial function may be performed by a single individual or a sole proprietor‚ or by several individuals’ i.e.‚ partners and companies. Various authors have given various definitions on entrepreneurship. It is the knack for sensing an opportunity where others
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There are several avenues we can lead our lives into. Some can be chosen to fetch money‚ some taken for pleasure and some to gain power and popularity. Entrepreneurship is fantastic; the thrill that one gets in fostering something which is one’s own is superb besides freedom from being bossed. Looking out for ventures where one can convert their passion into a successful business is the way to go. India has thousands of frustrated sports aficionados who are motivated and ready to work for the betterment
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From an economists point of view entrepreneurship is best considered as a function. The entrepreneur is what the entrepreneur does. Entrepreneurship was first described in economic terms by Cantillon who defined the components of trade but the term was accorded by Say. The modern theory of the entrepreneur is primarily concerned with the primary characteristic of the search for or the discovery of knowledge. The entrepreneur uses this knowledge in moving resources‚ where it is argued that the qualities
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INTRODUCTION TO ENTREPRENEURSHIP LECTURER : Important Instructions: 1) This paper contains THREE (3) Sections on SIX (6) printed pages‚ including the cover. 2) Answer ALL questions in Section A‚ B & C. All answers should be written in the designated answer sheet 3) Any misconduct during the examination will lead to a disqualification and a mark 0 will be entered 4) This paper comprises 20% if the total marks of the Assessment. DO NOT REMOVE ANY PART OF THIS EXAM PAPER FROM THE
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History of entrepreneurship[edit] Etymology and historical usage[edit] First used in 1723‚ today the term entrepreneur implies qualities of leadership‚ initiative and innovation in manufacturing‚ delivery‚ and/or services. Economist Robert Reich has called team-building‚ leadership and management ability essential qualities for the entrepreneur.[5] The successful companies of the future‚ he has said‚ will be those that offer a new model for working relationships based on collaboration and mutual
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RAMOGA 1. Differentiate Entrepreneurship‚ Intrapreneurship‚ Ultrapreneurship? Entrepreneurship talks about the capacity and willingness to develop‚ organize and manage a business venture along with any of its risks in order to make a profit. When we Say Entrepreneurship this will also talks about a certain entrepreneurs who manage their own business in some reason. The most obvious example of entrepreneurship is the starting of new businesses. Entrepreneurship comes from the French verb
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Academic Year 2012‐2013 CEMS BLOCK SEMINAR: Take‐home examination Corporate Entrepreneurship Pauline GELDOF – CEMS Master 2 Introduction In today’s global economy‚ Corporate Entrepreneurship defined by Damanpour (1991) as the generation‚ development‚ and implementation of new ideas and behaviors by a company has become the only real source of competitive advantage for established organizations. Indeed‚ operating within an increasingly
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Bibliography: Fajardo‚Feliciano R. Entrepreneurship .Philippines: National bookstore‚ 2005. Fajardo‚Feliciano R. Entrepreneurship .Philippines: National bookstore‚ 2005. ‘Global Employment Trends for Youth’‚ ILO‚ October 2008‚ OECD Policy Guidance note: Employment‚ Promoting Pro-Poor Growth: Employment’‚ 2009 Fajardo‚Feliciano R. Entrepreneurship .Philippines: National bookstore‚ 2005. Constance E. Bagley‚ Winning Legally: How to Use the
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ENTREPRENEURSHIP THEORIES AND BEHAVIOUR Several theories have been developed to explain entrepreneurial behavior and motivating factors. 1). Psychological theories – As those developed by McClelland pay attention to personal traits‚ motives and incentives of an individual and conclude that entrepreneurs have a strong need for achievement. According to this theory‚ entrepreneurship get a boost when there are sufficient supply of individuals with certain psychological characteristics such as need
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PIDE Working Papers 2007:29 Entrepreneurship in Pakistan Nadeem Ul Haque Formerly Vice-Chancellor Pakistan Institute of Development Economics‚ Islamabad PAKISTAN INSTITUTE OF DEVELOPMENT ECONOMICS ISLAMABAD 2 All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system or transmitted in any form or by any means—electronic‚ mechanical‚ photocopying‚ recording or otherwise—without prior permission of the author(s) and or the Pakistan Institute of Development
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