EVOLUTION OF

ENTREPRENEURSHIP

NAME-ANKUR SHUKLA
SUB-COMMUNICATION SKILLS(2)
Reg_ number-11712064
Introduction to
Entrepreneurship
 Entrepreneurship is the process of creating
something new of value by devoting(giving)
the necessary time and effort.
 By accepting and acknowledging the necessary
financial ,psychological ,and social risks , and
 Finally receiving the resulting rewards be it
monetary and personal satisfaction and
freedom to do what you want.
Evolution by period

 In early 16th century entrepreneurship was

referred to persons engaged in military
expeditions.
 In 17th century it was extended to persons
engaged in engineering activities such as
construction.
 In beginning of 18th century it was used to refer to
persons engaged in economic aspects of human
activities.
In 19th and 20th century

 Entrepreneurs not distinguished from managers

and were view from an economical perspective.
 The notion of entrepreneur as an innovator was
established.
 An innovator utilizes invention and discover in
order to make new combinations.
Current stats of
entrepreneurship
 In 21st century entrepreneurship is depend on two
two characteristics they are innovation and
creativity.
 Current principles of innovations are searching for
new ideas , trying, testing , revising and learning
from failures.
Meaning of entrepreneurship

 “Entrepreneurship is the dynamic process of

creating incremental wealth”
 Entrepreneurship is an agent of change ,providing
creative ,innovative ideas for businesses ,helping
businesses to grow and become profitable.
 Entrepreneurship have created new products and
services.
Thank you