Define the following terms: 1) Entrepreneurship 2) Entrepreneur 3) Intrapreneur 4) Creativity 5) Innovation

 Question # 6. Define the following terms?

1)              Entrepreneurship

Entrepreneurship is the process of desigining,  launching and running a new business which is often initially a small business. In other words we can say that any business or entreprise that we initially start and invest a capital money on it that is called Entrepreneurship.

2)              Entrepreneur

Entrepreneur is define as the people who create or process designing, launching and running a new business which is often initially a small business. In other words we can say that a person who is running the business or a Business_Man.

 

3)              Intrapreneur

a manager within a company who promotes innovative product development and marketing.

Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship.

4)              Creativity

Creativity is the ability of providing different and innovated ideas that should be new in market. It is the ability to come up with new ideas and to identify new and different ways of looking at a problem and opportunities. A process of assembling ideas by recombining elements already known but wrongly assumed to be unrelated to each other.

5)              Innovation

Innovation is a specific  term or a tool of Entrepreneur, This gives the opportunities in a market to boost_up your new business. The means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced.