What does “entrepreneurship” make you think of? Innovation? Business savvy? Perseverance?
Entrepreneurship, at its most basic level, refers to an individual or a small group of partners who go on an innovative pathway to start a new firm. An ambitious entrepreneur deliberately seeks out a certain business venture, and it is the entrepreneur who bears the majority of the project's risk. As a result, if the idea succeeds, this person stands to gain the most.
Entrepreneurial frequently involves innovation. Large corporations may try to replicate this characteristic by promoting "intrapreneurship." Employees are encouraged to think like entrepreneurs, cultivating a unique viewpoint that could lead to a new business idea. Although these employees may be given more leeway, the company retains control of the project and bears any risk associated with it. From giant organisations to small businesses, entrepreneurs benefit everyone.
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