Entrepreneurship

Entrepreneurship is the process of identifying and exploiting business opportunities to introduce new goods or services to the market. The entrepreneurial process includes at least three phases: the prelaunch phase, in which the entrepreneur identifies an opportunity; the launch phase, in which the entrepreneur assembles the necessary resources and creates viable business structures; and the postlaunch phase, in which the entrepreneur manages and grows the new venture. The typical form of exploiting a business opportunity is through creating a new venture (i.e., a new organization) that has a commercial purpose. Other forms of entrepreneurship include social entrepreneurship, eco entrepreneurship, and corporate entrepreneurship. Social and eco entrepreneurship put a particular focus on solving a social or ecological problem through the creation of a new venture. Corporate ...