Entrepreneureship & Innovation :
ENTREPRENEURESHIP:
Entrepreneurship is thought to be applied to Managing Small or even Large Businesses.
It is also applied to the Managers carrying out Entrepreneural – Roles, initiate Changes & take full advantages of the available opportunities.
Entrepreneurs take ‘Personal Risks’ for initiating a Change.
The Reasonable risk-taking, even may result in failure.
It brings about ‘Goal-oriented Changes’ by fully utilizing the ‘Enterprise-Potential.’
Entrepreneures need some degree of freedom to pursue their ideas.
Entrepreneure’s Responsible-Managers mostly try their level best, to improve the Profit-situation of the Organisation.
To seek the Entrepreneural-Personalities, one should look for ‘Commitment to Systematic-innovation.’
INNOVATION:
Innovation is applied not only to high tech Companies, but also to low tech -Established Businesses.
It is the Essence of the Entrepreneureship.
It is the Specific Activity of the most of the Entrepreneures.
It is not a matter of sheer luck.
It requires a Systematic & a Rational work, well organized & managed for Better Results.
Innovative Persons mostly have ‘Special ideas’ that tend to run, contrary to what is considered ‘Conventional wisdom’.
Individuals with innovative ideas are not mostly liked by his/her colleagues.
Their Contributions are not even appreciated by them.
They Expect to be ‘Rewarded for their Efforts.’
