what is entrepreneurship?

Answer 1

Entrepreneurship is the creation of value by people and organizations working together, through the application of creativity, drive and a willingness to take what might commonly be seen as risks.

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—they can effectively marshal resources to a single end. They have DRIVE—a 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—they want to do things better, faster, cheaper. And they TAKE RISKS—breaking rules, cutting across accepted boundaries, and going against the status quo.

One myth is that an entrepreneur is a single, heroic individual. In fact, collaboration is key, as groups of entrepreneurs work together to a common end. The five core elements (the above in caps) of entrepreneurship are most likely to be shared across a team or indeed an entire organization.