DEFINITION OF ENTREPRENEURSHIP

Few Definitions of Entrepreneurship.
  • According to A.H. Cole

“Entrepreneurship is the purposeful activity of an individual or group of associated individuals,  undertaken  to  initiate,  maintain  or  aggrandize  profit  by  production  or distribution of economic goods or services”.

  • According to Peter .P. Drucker

“Entrepreneurship is neither a science nor an art. It is a practice. It is knowledge base. Knowledge in entrepreneurship is a means to an end, that is by the practice”.

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