An introduction to “Entrepreneurship” 

In business there is a difference between someone that manages the business and someone that can lead it (Lee, 2006:81), and a leader with a visionary outlook is seen to encompass an “Entrepreneurial flair.”

So what exactly is the meaning of the word “entrepreneur” and what can be described as “entrepreneurship?”

Like many definitions there is not one fixed term; David Rae (2007) describes an entrepreneur as a person who acts in an enterprising way, identifying and creating opportunities through business ventures (3-5). Viewing entrepreneurship as the “subject” of entrepreneurs, “encompassing both the academic knowledge and practical skills used to be an entrepreneur. John Legge and Kevin Hindle (2004), discuss an entrepreneur as one who is an enterprise creator and agent of change, a builder of teams and organisations providing leadership (15). While David Kirby (2003) author of “Entrepreneurship,” describes the term as those who are visionaries seeing opportunities and taking action.

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