25 May Entrepreneurship
Entrepreneurship in today’s time has multiple facades. It is a very diverse term and has many definitions. As far as the economic perspective is concerned, it depends on innovation, risk bearing factor, and resource mobilisation. In this perspective, entrepreneurs are people who carry an innovative combination of resources that are productive. Innovative idea is something that makes a difference between an entrepreneur and a non-entrepreneur. It also includes the usage of organisation creation which is an essential criterion for entrepreneurship. People who form organisations like political parties or social groups cannot be called an entrepreneur. Apart from the economic factors, entrepreneurship can be judged on the basis of psychological factors.
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