The Journey of being an Entrepreneur
Journal Title: International Journal of engineering Research and Applications - Year 2018, Vol 8, Issue 9
Abstract
Entrepreneurs are innovators, willing to take risks and generate new ideas to create unique and potentially profitable solutions to modern-day problems. Entrepreneurship is not so much a skill as a habitual state of mind. When entrepreneurship describes activities within a firm or large organization, it is referred to as intrapreneurship and may include corporate venturing, when large entities spin off organizations.Entrepreneurship employs what Schumpeter called the gale of creative destruction to replace wholly or partly inferior innovations across markets and industries. This destruction simultaneously creates new products and new business models. Entrepreneurship ranges in scale from solo projects (even involving the parttime entrepreneur) to major undertakings that create many job opportunities.Entrepreneurial activities can be incremental or disruptive. Incremental innovations are a number of small changes that transform process flows while disruptive innovations are entirely new approaches.
Authors and Affiliations
Prof. Krupa Mehta, Mr. Vishw Shah
Keywords
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