The word `entrepreneur' meaning `one who
undertakes or manages', comes from the
Old French verb entreprendre meaning
`to undertake'. Today, entrepreneurship is viewed
as the goal-directed and energized behavior in expectation of potential success with the
position that what appear to be obstacles to some
individuals are considered as opportunities by
entrepreneurs. The recognition and pursuit of an opportunity
is essential. Opportunities are not always clearly evident or explicit in nature; the ability to see
other possibilities in a given situation and act upon
the various options that are available, both currently
and in the future, is what differentiates and
characterizes entrepreneurial action.
Other aspects include a consideration of the resources that one does not currently
control. Resources may include internal capital such as
the skills and attributes associated with
cognitive ability, willingness to assume risks and persistence in the face of adversity; or
external resources that include both human wealth
and financial assets. The study of entrepreneurs
and entrepreneurship includes multidisciplinary themes and topics including business,
education, social fields through new venture
creation, venture capital, social ventures, business
model innovation, e-commerce, open software,
Internet and distance learning, corporate entrepreneurship, global business and
markets, and technology research in science and medicine. |