✅Give the meaning and Characteristics of Enterpreneurship?
✅ Meaning of Enterpreneurship.
✅ Meaning of Enterpreneur.
✅Nature of Enterpreneurship
✅ Characteristics of Enterpreneurship.
Meaning and Characteristics of Enterpreneurship…
An Enterpreneurship can be defined as a process by carrying out a set of functions by an entrepreneur to establish and operate a company.
An entrepreneur is an individual who performs all the tasks by acknowledging business opportunity taking the necessary risk and uncertainty initiatives.
Characteristics
1.Entrepreneurship is the ability of a person to start a business. It is not everyone’s skill to start a business; only a capable individual can do so.
2. It entails gathering all factors of production, such as capital, land, and labour, in one location to perform a desired capability.
3. Entrepreneurship must be carried out in the face of danger and uncertainty.
4.Planning, organising, staffing, leading, and controlling are all managerial functions.
5. It has a significant impact on product and service demand and supply.