1.5.1 role of entrepreneur

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4 Terms

1
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Define ‘entrepreneur’

A person who is willing and able to create a new business idea and takes risks in pursuing success

2
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Define intrapreneurship, give an example.

The practice of promoting entrepreneurial thinking and behaviour within an existing business, e.g. empowering employees to think and act like entrepreneurs.

3
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Define innovation

The process of developing and introducing new ideas, products, services or processes that improve a business’s performance or provide a competitive advantage.

4
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Define risk

Something an entrepreneur can plan for