Entrepreneurship

[DBLG]

In more recent times, the term entrepreneurship has been extended to include elements not related necessarily to business formation activity such as conceptualizations of entrepreneurship as a specific mindset (see also entrepreneurial mindset) resulting in entrepreneurial initiatives e.g. in the form of social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship have emerged.


Real Estate Philippines

[DBLG]

The entrepreneur is a factor in microeconomics, and the study of entrepreneurship reaches back to the work of Richard Cantillon and Adam Smith in the late 17th and early 18th centuries, but was largely ignored theoretically until the late 19th and early 20th centuries and empirically until a profound resurgence in business and economics in the last 40 years.




Real Estate Philippines

[DBLG]

The supposition that entrepreneurship leads to economic growth is an interpretation of the residual in endogenous growth theory and as such is hotly debated in academic economics.




Real Estate Philippines

[DBLG]

In the 20th century, the understanding of entrepreneurship owes much to the work of economist Joseph Schumpeter in the 1930s and other Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich von Hayek. In Schumpeter, an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation.




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[DBLG]

Entrepreneurship employs what Schumpeter called "the gale of creative destruction" to replace in whole or in part inferior innovations across markets and industries, simultaneously creating new products including new business models. In this way, creative destruction is largely responsible for the dynamism of industries and long-run economic growth




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[DBLG]

An alternate description posited by Israel Kirzner suggests that the majority of innovations may be much more incremental improvements such as the replacement of paper with plastic in the construction of a drinking straw.




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[DBLG]

Entrepreneurs to be highly creative with a tendency to imagine new solutions by finding opportunities for profit or reward.




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[DBLG]

Entrepreneurs are catalysts for economic change.




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[techiagent]

Entrepreneurs are catalysts for economic change.




Real Estate Philippines

I agree!

[dave.]

thanks for info..

[JazzJewel]

I think one of the most important skills that entrepreneur must have is Marketing Skills, that result in people wanting to buy your product.

[biancababs]

http://pinnacle-accounting-services.tumblr.com/

My friends and I are into this.  Hope we can be of service to you.

[jun01]

very useful info, thanks guys.

[celica]

i believe one should have confidence, determination, and dedication. one should be dedicated in providing his services or products and should be honest all the time

[Infoguide Knowledge]

i like this post keep it up