Therefore, same goes for the process of entrepreneurship development. Entrepreneur: An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business , assuming all the risks and rewards of the venture. Concept of Entrepreneurship and Entrepreneurs Traits and Characteristics Nader Seyed Amiri and Mohammad Reza Marimaei Public Management, University of Tehran, Faculty of Management MA in Agricultural Economics Accepted 23 November, 2012 Entrepreneurship is a driver of … Entrepreneurship involves decision making, innovation, implementation, forecasting of the future, independency, and success first and this is how enterprenuership developed. Concept of Entrepreneurship Entrepreneurship is the tendency of person to organize the business of his own and to run it profitably , using all the qualities of leadership , decisions making and managerial caliber etc. Many simply equate it with starting one’s … Hence, this is regarded as a modern entrepreneurship concept. Entrepreneurship can broadly be defined as the creation or extraction of value.With this definition, entrepreneurship is viewed as change, which may include other values than simply economic ones. An enterprise is created by an entrepreneur. The process of creation is called “entrepreneurship”. It is an outcome of complex This refers to those who “undertake” the risk of new enterprises. Concept of Entrepreneurship. In this concept, entrepreneurship has been regarded as the adaptation of various innovations in industries, new production systems or techniques, new products, new markets, new marketing methods, new qualities of raw materials, new packaging and new mixture on methods are used. Entrepreneurship is a discipline with a knowledge base theory. The concept of entrepreneurship was first es-tablished in the 1700s, and the meaning has evolved ever since. In a very general sense, development refers to enhancing an existing potential or asset through the process of learning and application. It is a process of evolving one’s skills in a systematic manner. Concept of Entrepreneurship: The word “entrepreneur” is derived from the French verb enterprendre, which means ‘to undertake’. Entrepreneurship involves not only the process that leads to the setting up of a business entity but also the expansion and development of an on going concern.

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