Entrepreneurship

Unit 1 — Entrepreneur Theory

Module 1 —The Entrepreneurial Mindset

Joseph Schumpeter (1883-1950) - The 20th century economist who focused on the entrepreneur's drive and called entrepreneurship "creative destruction"

Entrepreneurship -- the process of identifying oppurtunities in the marketplace,arranging the resources and investing in the opportunities for a long term gain.

Richard Cantillon — the person who named an entrepreneur a "go-between" or "between-taker"

Some factors that influences entrepreneurship

1. Economic Changes

2. Globalization and increased competition

3. Advancing technology