The concept of entrepreneurship is understood in different manners by different scholars and authors. Therefore entrepreneurship is a basic discipline to learn for the student of business. The term “entrepreneur” is defined in a variety of ways. Introduction. Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit.. An entrepreneur is motivated to achieve or prove his excellence in their performance. What is Entrepreneurship? Majority of the people think that entrepreneurship has just one meaning. According to Schumpeter (1995), entrepreneurship is a process of change where innovation is the most vital function of the entrepreneur. According to King (2008) venture capital firms operate in a rapidly changing environment. Entrepreneur Meaning and Definition Definitions of Entrepreneur – According to Bernard Belidor, Jean Baptiste, Jan Tinbergen, Adam Smith, Alfred Marshall, Joseph A. Schumpeter and Others. It is the basic requirement It is an important tool for bridging the gap between science and market place, wherein new enterprise is formed and new products and services are brought to the market. The more modern entrepreneurship definition is also about transforming the world by solving big problems. What is Entrepreneurship? Entrepreneurship is defined from different perspectives depending on the discipline and context where the definition is applied. The meaning of entrepreneurship Entrepreneurship is defined as an activity that involves the discovery, evaluation and ... (Shane, 2003). A. Different dimensions have been used to explain the term. Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit.. Entrepreneurs, social psychologists and economic theorists have all speculated whether entrepreneurs are born or made -- in other words, whether you're predisposed to become an entrepreneur … Definition of Entrepreneurship. Entrepreneurship is a driver of competitive advantage. According to statistics compiled by dealsunny.com, 2 out of 3 people worldwide think entrepreneurship is a good choice. The more modern entrepreneurship definition is also about transforming the world by solving big problems. 4. But as a basic entrepreneurship definition, that one is a bit limiting. There is no one consensual definition of the term among the experts. Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making profit. But as a basic entrepreneurship definition, that one is a bit limiting. Normally, According to Shane and Venkataraman's (2000) seminal article, this other part is the “entrepreneurial opportunity” and to understand entrepreneurial processes, researchers ought to study both the individuals, the “opportunities” and their fit, i.e., the individual–opportunity nexus. According to motivation we can classify entrepreneur as:. 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