We live in the world of uncertainty, and it belongs to creators and innovators. In the past few years, entrepreneurs have been contributing towards solving complex issues that society is facing. Entrepreneurship is an excellent foundation for generating different types of creative and innovative ideas to succeed. For scholars, the importance of entrepreneurship to employment, innovation, productivity, and income growth has led to increasing numbers of researchers investigating and contributing to the field. That’s why entrepreneurship is interesting. It is also interesting to know that anyone, irrespective of the field they belong to, can become an entrepreneur. But the qualities of an entrepreneur are to be acquired, hence, an entrepreneur need not be born as one but can become one through progressive learning.
Also, it’s fascinating to know that entrepreneurship is a creative activity, as it experiments with new methods, instead of following conventional or routine methods. It’s all about creating innovation since the success of entrepreneurship is completely dependent on the ability to respond to innovation. And most importantly entrepreneurship is a result-oriented activity since it emphasizes high levels of achievement and performance. Edward de Bono, a theorist of creativity, noted that the process of creativity does not just happen in a flash of inspiration. Individuals, entrepreneurs, teams, and businesses don’t just sit waiting for the ‘lightbulb moment’, instead, he argues that they approach their problems systematically. The concepts of entrepreneurship have continued to capture the interests of people. Numerous educational programs have been designed to help individuals develop entrepreneurial skills and become successful entrepreneurs.
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Entrepreneurship concepts are molded with combined leadership and management skills. Learning entrepreneurship is unique from learning anything else. The concepts involved in it will help in identifying strengths and talents to work on improving them. However, while the entrepreneur is an individual who is enveloped with a creative mystique that no one quite understands or can deliberately emulate, it has been suggested that a typical entrepreneur is characterized by their ability to take risks. Littunen argues they must amount to more than that and proposes that they must be innovative, have a strong grasp of how the market functions, and, crucially, have all the necessary technical skills, manufacturing know-how, marketing skills, management skills, and the ability to acquire resources. Entrepreneurship involves risk because potential entrepreneurs invest time, effort, and money before the return is known. According to Gustafsson, entrepreneurial decision-making is more a matter of reducing uncertainty in certain situations than it is about personality or ‘innate’ abilities, as in both situations the opposite would occur. Hence there is a need of understanding new concepts, generate ideas, develop policies, and acquire leadership skills, which helps to contribute to organizations in a larger aspect to survive in the work culture.
Entrepreneurship cannot be described in words until it is felt. Entrepreneurship is playing an important role in the technology change; can create an additional sense of competition whilst also, providing a mechanism for regeneration. Entrepreneurs contribute to international competition via niche markets and; Entrepreneurship can influence the creation of jobs. Therefore, it is one of the most interesting management subjects.
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