It is the process of building businesses from scratch, negotiating deals and investing in other people’s business thrills.Thus Entrepreneurship is a unique process of creating value by pulling together a unique package of resources to exploit an opportunity. It also acts as a readiness and skill for either an individual or group of personalities to sniff out investments opportunities.
The word “Entrepreneurship” sound’s unimportant to most of the people, but the word entrepreneurship suggests several meanings.Entrepreneurship is nothing but a positive idea or energy. At first you have to value an entrepreneurship oriented culture and continually innovate in whatever way you think, do and deliver to your customers. All the employees are encouraged to develop a constructive and optimistic mindset to work towards solution.
The Entrepreneurship is where a new solution is not automatically accepted but may result in a big success. All the Entrepreneurship developments are massively supported because it has the following potential to achieve:
- Create jobs via the formation of new business ventures.
- Utilize all the available manpower and resources which remains idle and put them into productive use.
- The Entrepreneurship development process helps all the individuals to create wealth, independence and status for themselves.
- It Stimulates growth in all other sectors with increase in demand and supply.
- Increases productivity by means of innovation.
- Facilitate and increase the need for technology.
- Boost the economy and increases the nation’s GDP.
The Entrepreneurship development can reduce the dependence of social security and Medicare which is able to throw more light over the individuals to embrace entrepreneurship as a way of life. A corporate value must fit an organization and it must be credible. In this case the chances are high that the term “entrepreneurship” is not more than a slogan, which will have limited impact on the culture of the organization.
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