Entrepreneurship, Innovation and Intrapreneurship — Flashcards

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Entrepreneurship is a systematic innovation that involves a purposeful and organised search for change and a systematic analysis of the opportunities that such change may offer for economic and social…

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Entrepreneurship begins with idea generation and continues through planning, organising, decision-making, innovation, expansion, and sometimes exit. It does not stop after a business is started. It ke…

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Innovation is the heart of entrepreneurship. It helps turn ideas into useful products, services, processes, or business models that create value and meet market needs. Without innovation, business act…

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Entrepreneurs focus on opportunities rather than waiting for perfect resources. They identify possibilities in change and then arrange the resources needed. A common idea linked to this is that entrep…

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Entrepreneurship can create economic value, social value, and technological value. Economic value includes profit and income generation, social value includes employment and better living conditions, …

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Political factors include political stability and government policies. Supportive policies create confidence, while uncertainty, corruption, and bureaucratic delays discourage entrepreneurs. Examples …

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Legal and taxation factors influence how easy it is to start and run a business. Simple registration, efficient contract enforcement, and fair taxation support entrepreneurship. Taxation influences en…

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Bengaluru is a major technology hub because of skilled engineers, strong IT infrastructure, and access to venture capital. These resources support business growth and make the city attractive for new …