Entrepreneurship characteristics

Entrepreneurship Meaning and Definition .

Meaning 

     The term ' Entrepreneurship ' has an array of meanings which include, adventurism, risk taking, thrill seeking and innovative skill.

 Entrepreneurship is a set of activities performed by an entrepreneur to establish,develop and carry on his business in a noval and better way.

Definition

    Entrepreneurship is the purposeful activity of an individual or a group of associated individuals undertaken to initiate, maintain and maximise profit by production or distribution of economic goods and services. 

Characteristics of Entrepreneurship 

1.Dynamic process

2.Innovation

3.Risk taking

4.Decision making

5.Organisation building function 

6.Economic Activity 

7.Gap filling function 

8.A function of high achievement 

9.Accepting challenges. 

10.Skilful Management.