Summary
The terms entrepreneur and entrepreneurship have various meanings to different people and can be viewed in different contexts such as private sector entrepreneurship, corporate entrepreneurship, and social entrepreneurship. In spite of the differences, there are some commonalities such as risk taking, creativity, independence, and rewards.
All entrepreneurs proceed through the entrepreneurial process by identifying, evaluating, and developing opportunities for creating a venture. Each step is essential to eventual success. In established organizations, a corporate imperative is to achieve equilibrium between the role of management and the role of entrepreneur, thus developing entrepreneurial managers.
The challenge for all entrepreneurs ...
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