What is Entrepreneurship? Different dimensions have been used to explain the term. Entrepreneur Meaning and Definition Definitions of Entrepreneur – According to Bernard Belidor, Jean Baptiste, Jan Tinbergen, Adam Smith, Alfred Marshall, Joseph A. Schumpeter and Others. It is an important tool for bridging the gap between science and market place, wherein new enterprise is formed and new products and services are brought to the market. According to Shane and Venkataraman's (2000) seminal article, this other part is the “entrepreneurial opportunity” and to understand entrepreneurial processes, researchers ought to study both the individuals, the “opportunities” and their fit, i.e., the individual–opportunity nexus. According to Motivation: Motivation is the main force that promotes the efforts of the entrepreneur to achieve his goals. According to Schumpeter (1995), entrepreneurship is a process of change where innovation is the most vital function of the entrepreneur. Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit.. The more modern entrepreneurship definition is also about transforming the world by solving big problems. The concept of entrepreneurship is understood in different manners by different scholars and authors. The term “entrepreneur” is defined in a variety of ways. A. Therefore entrepreneurship is a basic discipline to learn for the student of business. Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit.. According to statistics compiled by dealsunny.com, 2 out of 3 people worldwide think entrepreneurship is a good choice. Here, the general definition of entrepreneurship captures the core elements of “discovery, evaluation, exploitation of opportunities, and the organisation of markets that had not previously existed” (Bruton, Ahlstrom & Li 2010, p.34). The more modern entrepreneurship definition is also about transforming the world by solving big problems. But as a basic entrepreneurship definition, that one is a bit limiting. But as a basic entrepreneurship definition, that one is a bit limiting. An entrepreneur is motivated to achieve or prove his excellence in their performance. What is Entrepreneurship? Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making profit. Entrepreneurs, social psychologists and economic theorists have all speculated whether entrepreneurs are born or made -- in other words, whether you're predisposed to become an entrepreneur … Introduction. Definition of Entrepreneurship. Normally, The meaning of entrepreneurship Entrepreneurship is defined as an activity that involves the discovery, evaluation and ... (Shane, 2003). According to King (2008) venture capital firms operate in a rapidly changing environment. 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