Concept of Entrepreneurship

  Entrepreneurial Management Entrepreneurship                          Meaning and Definition of entrepreneur The word entrepreneur has come from the France word “entreprendra” which means to undertake, to pursue opportunities to fulfill needs and wants through innovation to undertake business. In the year 1725 the word entrepreneur was first brought into economics by a social scientist named Richard cantilion. the expert who invented the theory of entrepreneurship was David mc cellion in 1961. There was various definition of entrepreneur. There was various definition of entrepreneur.  According to America heritage dictionary; “Entrepreneur is a person who organizes operates and assumes the risk for business venture”  The dictionary of social sciencehas defined entrepreneur from functional viewpoint. According to it “entrepreneur is a person 1) who exercise the function or 2) initiating coordinating controll...