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Function, Terminologies and Theories: Daryl R. Tabogoc
Function, Terminologies and Theories: Daryl R. Tabogoc
Daryl R. Tabogoc
Entrepreneurship
The process of creating something new with value by
devoting the necessary time and effort, assuming the
accompanying financial, psychic and social risks, and
receiving the resulting rewards of monetary and personal
satisfaction and independence.
The process of starting a business or other organization.
The entrepreneur develops a business model, acquires
the human and other required resources, and is fully
responsible for its success or failure.
Function of an Entrepreneur
• To perform or revolutionize the pattern of
reproduction by exploiting an invention or.
More generally, an untried technological
method of producing a new commodity or
producing an old one in a new way, opening
a new source of supply or materials or new
outlet for products by organizing a new
industry.
Terminologies of Entrepreneurship
http://quizlet.com/9513798/entrepreneurship-key-terms-flash-cards/
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