entrepreneurship

Extracted Attributes

• Type

  Economic activity

• Core Aim

  Solving problems for people efficiently, effectively and consistently.

• Economic Impact

  Drives job creation, fosters competition, and leads to the development of new markets and industries.

• Primary Definition

  The creation or extraction of economic value, often involving significant risk and potentially encompassing values beyond purely economic ones.

• Process Definition

  The process of designing, launching, and operating a new business.

• Role of Entrepreneur

  An individual who establishes and invests in businesses, assumes risks, reaps rewards, and is an innovator of new ideas, goods, services, or procedures.

• National Significance

  Considered a fundamental strength of the United States, rooted in ambition and innovation, powering advancements in areas like AI.

Timeline

• Early examples of entrepreneurship observed in trade routes and marketplaces. (Source: Web Search)

  Ancient times

• Modern understanding of entrepreneurship significantly evolved. (Source: Web Search)

  Industrial Revolution

Entrepreneurship

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur (French: [ɑ̃tʁəpʁənœʁ]) is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per Business Dictionary) as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit". The people who create these businesses are often referred to as "entrepreneurs". In the field of economics, the term entrepreneur is used for an entity that has the ability to translate inventions or technologies into products and services. In this sense, entrepreneurship describes activities on the part of both established firms and new businesses.

Web Search Results

• What is Entrepreneurship?

  In sum, entrepreneurship is the process of starting and developing a company, with the aim of delivering something new or improved to the market, or by organizing the means of production in a superior way. This process is principally organized through the formation of a start-up company, is managed by entrepreneurs, often under considerable personal and financial risk, and is temporary in duration, as a phase in a business’s lifecycle. A key distinction between start-ups and other small or [...] Entrepreneurship is the _process_ by which individuals or a group of individuals (entrepreneurs) exploit a commercial opportunity, either by bringing a new product or process to the market, or by substantially improving an existing good, service, or method of production. This process is generally organized through a new organization (a start-up company), but may also occur in an established small business that undergoes a significant change in product or strategy (see below on growth). [...] An entrepreneur is a _person_ who organizes the means of production to engage in entrepreneurship, often under considerable uncertainty and financial risk. Entrepreneurs may partner with other entrepreneurs to jointly found companies (co-founders), or with an existing organization (e.g., corporate or university spin-outs).

• Understanding the Different Types of Entrepreneurship

  Entrepreneurship is the process of starting and growing a business. It involves the transformation of a business idea into a viable enterprise that generates economic value. The concept of entrepreneurship dates back centuries, with early examples found in ancient trade routes and marketplaces where merchants and traders engaged in the exchange of goods and services. The modern understanding of entrepreneurship, however, has evolved significantly, particularly during the Industrial Revolution [...] Entrepreneurship has a profound impact on the economy. It drives job creation, fosters competition, and leads to the development of new markets and industries. Innovative entrepreneurs are often at the forefront of progress, introducing products and services that address unmet needs and improve the quality of life. On a personal and professional level, entrepreneurship offers individuals the opportunity to pursue their passions, achieve financial independence, and contribute to society in [...] Small business entrepreneurship involves the creation of businesses that operate on a modest scale, typically serving local markets. These businesses are often owned and managed by individuals or families in sectors such as retail, hospitality, and personal services. Small business entrepreneurs are likely motivated by the desire to own their own business, be their own boss, and achieve financial stability.3 While they may not aim for rapid growth or market dominance, small businesses play a

• What is entrepreneurship? | Stanford Online

  At its most basic level, entrepreneurship refers to an individual or a small group of partners who strike out on an original path to create a new business. An aspiring entrepreneur actively seeks a particular business venture and it is the entrepreneur who assumes the greatest amount of risk associated with the project. As such, this person also stands to benefit most if the project is a success. [...] The entrepreneurial mindset combines several different skills that require careful development for the successful achievement of a business idea. For example, an entrepreneur must be able to balance an understanding of how business works — including from a financial and operational perspective — with a drive for innovation. Entrepreneurship means understanding when you have an opening in the marketplace that no other provider is meeting and having the business sense to know how to go after this

• Entrepreneurship - Wikipedia

  More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per _Business Dictionary_) as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit "Profit (accounting)")".( The people who create these businesses are often referred to as "entrepreneurs".( [...] An entrepreneur (French:( "Help:IPA/French")) is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.( The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. [...] Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones.

• What Are the Different Types of Entrepreneurship?

  Dr. Karl Kammerer, MBA, associate dean of business programs at SNHU.According to the Center for American Entrepreneurship (CAE), entrepreneurship is the process by which an individual or group of people bring a new product or service to the market or improve upon an existing offer. [...] Dr. Karl Kammerer, MBA, associate dean of business programs at SNHU.According to the Center for American Entrepreneurship (CAE), entrepreneurship is the process by which an individual or group of people bring a new product or service to the market or improve upon an existing offer. [...] Kammerer, who worked as a biotech entrepreneur before entering the world of higher education, said he’s seen the definition of entrepreneurship change a lot over the years. But the ultimate aim of entrepreneurship has remained constant, he said. “Entrepreneurship is about solving problems for people efficiently, effectively and consistently,” said Kammerer.

• Instance Of

  Q4671286