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Entrepreneurship is a crucial driver of economic and social growth, characterized by innovation and risk-taking. It involves the ability to create, run, and manage business ventures, which are particularly significant in the current AI-driven landscape. An entrepreneurial mindset fosters resilience, adaptability, and proactivity, enabling individuals to thrive in various challenges and launch successful enterprises.
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References
Chapter_4_Entrep.pdfClass Notes
Memorization
What we have learnt
Final Test
Revision Tests
Term: Entrepreneurship
Definition: The ability and readiness to develop, organize, and run a business enterprise along with its uncertainties to generate profit.
Term: Entrepreneurial Mindset
Definition: A way of thinking that empowers individuals to overcome challenges, make decisive choices, and take responsibility for their outcomes.
Term: Types of Entrepreneurs
Definition: Categorization of entrepreneurs based on their approach, such as innovative, imitative, social, serial, and women entrepreneurs.
Term: Barriers to Entrepreneurship
Definition: Challenges such as lack of funding, market access, fear of failure, and regulatory hurdles faced by entrepreneurs.
Term: AI in Entrepreneurship
Definition: Utilization of artificial intelligence to enhance business processes, decision-making, marketing analytics, and financial planning in entrepreneurship.