Entrepreneurship
... and availability of resources. Entrepreneurs can range from creating new methods of farming and fishing, to the head of a leading software or real estate company to the shareholder of Fortune 500 company. As a result of this tremendous diversification along with countries of the world moving toward the concept of globalization, the word entrepreneur has many definitions. Entrepreneur in simple terms is a risk-taker who bears burden in conducting business. An entrepreneur is a person who organizes and manages a business undertaking and assumes a risk for the sake of profit. Operating a business takes certain skills. Few people have all the skills needed to run a business, but they can compensate for their weaknesses by hiring staff or consultants and by becoming more knowledgeable through education or training. An entrepreneur is a risk taker because being innovative means there are few rules or history for guidance. Intrapreneurship is closely related to corporate entrepreneurship which is the creation of new products within the large organization using existing employees. On the other hand exopreneurship is the generation of innovation outside the boundary of the organization using external agents known as exopreneurship. Creativity is at the heart of entrepreneurship, enabling entirely new ways of thinking and working. Entrepreneurs identify opportunities, large or small, that no one else has noticed. Good entrepreneurs also have the ability to apply that creativity¡Xthey can effectively marshal resources to a single end. They have drive¡Xa fervent belief in their ability to change the way things are done, and the force of will and the passion to achieve success. They have a focus on creating value¡Xthey want to do things better,...