In fact, there are many, many definitions of entrepreneurship, each of which deals with an aspect, feature, or characteristic of entrepreneurship.
Here I will lay out a variety of entrepreneurship definitions, through which you can get a deep understanding of the idea:
Entrepreneurship is: a set of processes that start from the ability to find innovative solutions to the problems of a sector of the public, and the ability to start implementing these solutions through the establishment of an institution that attracts cadres with distinguished minds, and the ability to continuously develop and grow through the addition of permanent and continuous improvements.
Entrepreneurship: The initiative to build unique and creative projects, and work to develop them, and exploit all possible opportunities, to achieve material profit from behind it, while bearing the risks resulting from that.
Entrepreneurship is: The ability to think outside the box and create innovative solutions to existing problems, while possessing the spirit of risk-taking, self-belief, and perseverance to transform dreams into realities.
Entrepreneurship is: a work behind a person who believes in an idea and has a passion for it, and is able to implement this idea in a way that makes the world a better place, and is able to influence those around him and make them believe in his idea, and then attract them to cooperate with him to develop this idea, and he is a person who is constantly hungry about developing his ideas and make adjustments to it to make it more successful and productive.
Types of entrepreneurship: –
- For-profit entrepreneurship
They are the projects and institutions that their owners create for the sake of achieving financial profit only, by providing services or products, such as Amazon, Microsoft, Intel, and other companies in different and multiple fields.
- Social entrepreneurship
It refers to organizations, foundations, and community initiatives concerned with contributing to solving community problems and issues, such as civil society institutions and charitable societies. The success of this type of community entrepreneurial project is measured by the extent to which it achieves cultural, social, or environmental goals, such as its success in developing the community.
- Political entrepreneurship
It refers to the institutions that their owners establish with a clear political aim, such as establishing a political party to adopt issues in certain political directions, or to adopt a specific political issue, or to consolidate political influence of their owners, and to seek power through these institutions …
Interest in entrepreneurial organizations has increased in recent years; As a result of technological progress and the emergence of globalization at all levels, as well as the widespread application of the privatization policy; Which strongly affected the business environment and the competitive environment of local and international organizations. Perhaps what prompted more interest in entrepreneurship was the economic growth based on these entrepreneurial organizations. There is a fundamental difference between the concept of business management and the concept of entrepreneurship. The first goal is to achieve profitability through planning, organizing, implementing, and evaluating, without focusing on finding solutions to society’s problems, and not providing distinguished goods and services that meet the needs of this community. As for entrepreneurship, it aims to meet the problems and challenges of society through creative initiatives and innovative methods. To establish new projects or organizations; This means its strong contribution in supporting the requirements of sustainable development and creating the necessary legislative and regulatory environment to achieve this.