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Entrepreneurship: Origin & Nature of Entrepreneurship
Entrepreneurship: Origin & Nature of Entrepreneurship
-Richard Cantillon,1725
Contemporary Views on Entrepreneurship
“at least in all non-authoritarian societies, constitutes a brid
ge between society as a whole, especially the non-economi
c aspects of that society, and the profit-oriented institutions
established to take advantage of its economic endowments
and to satisfy, as best as they can, its economic desires.”
-Joseph Schumpeter,1934
Contemporary Views on Entrepreneurship
“the dynamic process of creating incremental wealth. This
wealth is created by individuals who assume the major risk
s in terms of equity, time, and/or career commitment of prov
iding value for some product or service. The product or serv
ice may not be new or unique, but the entrepreneur must s
omehow infuse value by securing and allocating the necess
ary skills and resources.”
-Robert Ronstadt,1984
Contemporary Views on Entrepreneurship
“is a process of innovation and new-venture creation throug
h four major dimensions- individual, organization, environm
ent, process- and aided by collaborative networks in govern
ment, education and institutions.”