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Entrepreneurship Concept and Funtion - Coggle Diagram
Entrepreneurship Concept and Funtion
Who is an Entrepreneur
An entrepreneur is an innovator and a job and wealth generator.
Function of an Entrepreneur
Managerial Function
Organizing, Staffing, Directing, Leadership Communication, Motivation, Coordination,Controlling
Entrepreneurial Function
Innovation, Risk Taking, Organization Building
Commercial Functions
Product, Marketing, Personnel, Accounting, Finance
Promotional Function
Investigation of an idea, Detailed investigation, Assembling the requirements, Financing the proposition
Need for an Entrepreneur
1) Lifeline of a nation
2) ProvidesInnovation
3) Increased Profits
4)Employment Opportunities
Concept of Entrepreneurship
Entrepreneur (Person)
Entrepreneurship (Process of Action)
Enterprise (Outcome)