Adam Smith (1776) defined entrepreneur as "an individual, who forms an organisation for commercial purpose -who is a capitalist." To Adam Smith, "the entrepreneur is a proprietory capitalist, a supplier of capital and at the same time, works as a manager intervening between the labour and capital." Adam Smith treated the entrepreneur as an employer, master, merchant and undertaker but [...]
Entrepreneurship development programme is a programme meant to develop entrepreneurial abilities among the people. The concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise. EDP is an effective way to develop entrepreneurs which can help in accelerating the pace of socio-economic development, balanced regional growth, and exploitation [...]
An intrapreneur is an inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities. Intrapreneurs are usually employees within a company who are assigned to work on a special idea or project, and they are instructed to develop the project like an entrepreneur would. Intrapreneurs usually have the resources [...]