Definition of Entrepreneurship

✅  Related keywords: Schumpeter, Startups, new business, entrepreneurs

📖  What is Entrepreneurship?

Starting a business and thereby creating or extracting value and driving economic growth in society. The innovation and entrepreneurship processes are closely linked, and rely on each other for success. To Joseph Schumpeter, one of the foundational thinkers in the areas of entrepreneurship and innovation, the entrepreneur is the driving force that transforms inventions to innovations, and thereby makes them available for the market.