Definition of Entrepreneurship-
Musscleman & Jackson
“Entrepreneurship is the investing and risking of time , money & efforts to start a business & make it successful.”
Entrepreneurship may be defined in many ways, but the four key elements involved in it are;
- Risk taking
- Organizing skill.
All the four elements are inter-related & form a continuous process in business . Entrepreneurial vision encompasses the relentless persuit for operational excellence, innovative technology & being responsive to the needs of the market place.
Vision Operational excellence
(Key element of entrepreneur)