Topic > Essay on Entrepreneurship - 1808

Meaning of EntrepreneurshipAccording to John Kaso and Howard Stavenson, “Entrepreneurship is the process involving all the actions an entrepreneur takes to create a business to give reality to his business ideas. It is the attempt to create value through the recognition of business opportunities, the management of risk taking appropriate to the opportunities and through communication and management skills to mobilize the human, financial and material resources necessary to bring a project to completion.”Second Higgins, “Entrepreneurship means the function of seeking investment and production opportunities, organizing a business to undertake a new production process, raising capital, hiring labor, organizing the supply of raw materials, finding sites, introducing a new technique, discovering new sources of raw materials and selection of top managers for the company's daily operations. “The Meaning of EntrepreneurAccording to Dr. TN Chhabra, “The entrepreneur is the coordinator and organizer of resources to plan a business venture. Entrepreneurs are innovators who use the process of disrupting the status quo of existing products and services to create new products and services. The entrepreneur introduces new ideas, carries out new activities, coordinates factors of production, and decides how the enterprise should be managed. He has vision, originality of thought and the ability to take risks. "Nagavara Ramarao Narayana Murthy (NR Narayana Murthy) Co-founder of Infosys Limited'All our dreams can come true, if we have the courage to pursue them'Family FundNagavara Ramarao Narayana Murthy, better known today as NRNM, or Chairman of Infosys, is born on August 20, 1946 in a Brahmin family of Myso...... medium paper...he also kept his team members motivated According to Burns the triggers that motivate a person to become an entrepreneur are blocked by many factors.Such situation also occurred in Murthy's life, for example, lack of capital, unfavorable business environment, a family to support and many others success because he was never afraid of these blocks and always worked to win. So, in my opinion, if a person who has a vision, a mission and a positive attitude and the most important part of the support from the family, can create a successful new business.References1. Entrepreneurship Development: Dr. TN Chhabra2. Burns P (2011) Entrepreneurship and small business, Palgrave Macmillan3. www.google.com4. www.entrepreneur.com5. www.infosys.com6. en.wikipedia.org/wiki/N._R._Narayana_Murthy