Everything you need to know about the concept of entrepreneurship. The word entrepreneur is borrowed from the French language. It is derived from 'entreprendre' meaning to 'undertake'. Thus, entrepreneur is an 'undertaker' in the literal sense of the word. Its usage in French language can be traced much before the emergence of activities generally associated with entrepreneurs today. Entrepreneurship is [...]
Everything you need to know about the steps involved in the entrepreneurial process. Entrepreneurship is the pursuit of market opportunities to produce innovative goods and services. Once the enterprise gets established, the entrepreneurial process becomes effectively a recurring progress of opportunities. It becomes the process of allocating scarce resources judiciously to pursue the value-adding opportunities. The steps involved in the [...]
Everything you need to know about entrepreneurship development in India. Entrepreneurship development is concerned with the study of entrepreneurial behavior, the dynamics of business set-up, development and expansion of the enterprise. Entrepreneurship development (ED) refers to "the process of enhancing entrepreneurial skills and knowledge through structured training and institution-building programmes". It basically aims to enlarge the base of entrepreneurs in [...]