Entrepreneurship vs Entrepreneur

To a casual observer, the title may look like a misnomer. He is right in thinking that
entrepreneurship relates to activities that an entrepreneur indulges in, and in a sense he
is right. After all it is a lecturer who does lecturer ship and a captain of a sports team
who does captainship. But if one delves deeply, he will find that the original word
entrepreneur that comes from a French word entrependre has, with passage of time lost
much of its meaning and today is commonly referred to any person who undertakes a
new venture or is doing a business on his own. However, the meaning of the word
entrepreneurship has not diluted with passage of time and refers to all those attributes
that an entrepreneur is supposed to possess. This article will attempt to highlight the
differences between an entrepreneur in modern times and entrepreneurship.
Thus we find that the word entrepreneur has many meanings along a continuum where
on one extreme is the person who does not believe in adapting himself according to the
world but rather dares to adapt the world according to his vision, and on the other
extreme is any person who attempts or undertakes a business venture on his own but is
no different from a common businessman. But the qualities of a true entrepreneur are
called entrepreneurship that may or may not apply to all entrepreneurs in modern times.
Let us have a closer look at these qualities.
Entrepreneurship is an attribute which makes a person a pioneer, a visionary who has a
dream and strives to fulfill that dream despite all obstacles and hurdles. In all times,
what an entrepreneur believes in has been ridiculed as impossible but he has proved
his critics wrong as he takes mistakes and failures in his stride and learns from his
failures as a stepping stone to success. It is his belief in his conviction that despite
limited resources, he makes it possible and also makes others follow his design or
product.
Entrepreneurship is a rare quality that has been behind all the development and
inventions in human civilization. It must have been an entrepreneur who found the
presence of wires in communication an obstacle that must be removed at all costs, and
finally succeeded in inventing a mobile phone. Otherwise, we would have been relying

on wired telephones today. The same can be said about all the modern gadgets that
were inconceivable only a few decades ago.
In todays circumstances, when companies are finding it hard to survive because of cut
throat competition, there is more need than ever of entrepreneurs and entrepreneurship
to keep coming with innovations that help companies devise new products to stay
ahead of others.

Entreprenuership
The capacity and willingness to develop, organize and manage a business
venture along with any of its risks in order to make a profit. The most
obvious example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship combined with land, labor, natural
resources and capital can produce profit. Entrepreneurial spirit is
characterized by innovation and risk-taking, and is an essential part of
a nation's ability to succeed in an ever changing and
increasingly competitive global marketplace.