1 What is Entrepreneurship 2 How widespread is entrepreneuri

1. What is Entrepreneurship?

2. How widespread is entrepreneurial activity in the scope of business today?

3. Entrepreneurs learn to think differently from managers and employees who do not own a business. Explain. What differentiates an entrepreneur from executives and employees who do not own the company for which they work?

4. Why do entrepreneurs start businesses? What are the key motives?

5. What are the common characteristics of entrepreneurs?

6. What does “control” means to entrepreneurs and how does it affect choices?

7. Entrepreneurs are said to be comfortable in paradoxical situations. What are these alternative states that they learn to balance?

Solution

1. entreprenuership is all about establish, and run a business succesfully. it starts with idea generation, employ all the resources, manage all of them and optimum utilisation of all resources.

2. business is an activity which people works for profit only, and if they are not in a position to get profits simply they come out from it. where as an entreprenuer woks for the wellbeing of all the stakeholders. so automatically they will be succeeds at the work.

3. entreprenuer thinks in a way that the work and progress is the result of all together, where as it misses in managers and employess attitude.

4. to fill the gap in market people becomes as entreprenuers and they promote themselves. the key motive is to get benefit while serving to others. and the benefits are going to be share among the stakeholders only.

5. risk takers, initiaters, accepts the challanges, promote new ideas, service oriented etc, these are the common characteristics of entreprenuers.

6. in entreprenueship control means, use all the resources in an optimum way and dont waste anything unnecesserily.

7. it does not mean that, based on their experience and expertise they will take right decisions at crucial stages which common people or other business people can not. they are realistic people and they are good to understand the reality and based on reality they takes decisons. this makes them to become special and succesfull at their works.