entrepreneurship
(noun)
The art or science of innovation and risk-taking for profit in business.
Examples of entrepreneurship in the following topics:
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Social Entrepreneurship
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Diversity and Entrepreneurship
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Introduction to Entrepreneurship
- Entrepreneurship relates to the pursuit of risky and innovative business ventures to capture new opportunities.
- The most obvious form of entrepreneurship is starting a new business (referred as a startup company).
- Concepts of entrepreneurship as a specific mindset have emerged, resulting in initiatives like social entrepreneurship, political entrepreneurship, and knowledge entrepreneurship.
- Entrepreneurship employs what Schumpeter called the gale of creative destruction.
- Define entrepreneurship within the context of standard activities and organizational support
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Sustainability Innovation
- Sustainopreneurship is entrepreneurship and innovation for sustainability.
- The first is oriented towards "why" - a company's purpose and motive in adopting sustainable entrepreneurship.
- Entrepreneurship consciously sets out to find or create innovations to solve sustainability-related problems.
- Solving sustainability-related problems from the organizational frame is the be-all and end-all of sustainability entrepreneurship.
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Defining Intrapreneurship
- It also incorporates the reward and motivational techniques that are traditionally thought of as being the sole province of entrepreneurship.
- Capturing a little of the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, and so on) adds to the innovation potential of an otherwise static organization without exposing those employees to the risks or accountability normally associated with entrepreneurship.
- In reality, entrepreneurship is often much easier to discuss in a classroom than to integrate into an actual organization.
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Social Innovation
- The concept can also be related to social entrepreneurship (entrepreneurship is not necessarily innovative, but it can be a means of innovation).
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Technology as a Driver and Enabler of Innovation
- One particular perspective on economics isolates innovation as a core driving force, alongside knowledge, technology, and entrepreneurship.
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Types of Innovation
- The innovation dimension of entrepreneurship refers to the pursuit of creative or novel solutions to challenges confronting a firm.
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Fostering Innovation
- For example, you could educate employees at regular training sessions on topics such as creativity, entrepreneurship, and teamwork.