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Summary Entrepreneurship Development

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Entrepreneurship development refers to the process of enhancing the skills, knowledge, and resources of individuals to enable them to identify and exploit business opportunities, as well as to manage and grow their ventures successfully. This can involve training programs, mentorship, access to funding and networking opportunities, and support for business planning and development. Entrepreneurship development is crucial for economic growth, job creation, and innovation in both developed and developing economies. It plays a vital role in fostering a culture of creativity, risk-taking, and problem-solving, and contributes to the overall dynamism of the business environment.

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Uploaded on
June 27, 2024
Number of pages
4
Written in
2023/2024
Type
Summary

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Entrepreneurship Development
Social Enterpreneurship Social Enterpreneurship Entrepreneurship Development


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Entrepreneurship and Entrepreneurship Development: The concept of
entrepreneurship is an age-old phenomenon that relates to the vision of an
entrepreneur as well as its implementation by him. Entrepreneurship is a
creative and innovative response to the environment. It is also the process of
setting up a new venture by entrepreneur. Entrepreneurship is the mixture of
many qualities and skills such as imagination, risk taking ability to harness
factors of production i.e. land, labour, technology and various other intangible
factors. Entrepreneurship can be described as process of establishing an
enterprise. Entrepreneurship is a creative activity. It is the attitude of mind to
seek opportunities, take calculated risk and derive benefits by setting up a
venture. It is the process of identifying opportunities in the market place,
collecting and arranging the resources to exploit these opportunities for long
term gains.
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