ENTREPRENEURSHIP

CONCEPT AND DIFFERENCES

PREPARED FOR =PN NOOR AFIZAH ATAN

PREPARED BY =SITI NORHIDAYAH BINTI MOHAMMED

(30DIB15F1002)

CONCEPTE N T R E P R E N E U R E N T R E P R E N E U R S H I P

An individual who organizes, manages, and assumes the risks of a business.

The process of seeking business opportunities under condition of risk.

To achieve profit and growth by identifying and capitalizing opportunities.

The process creating something new of value by devoting the necessary time and effort.

An entrepreneur is a person has the initiative, skill for innovation and who looks for high achievements.

Capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

DIFFERENCESCharacteristics ENTREPRENEUR BUSINESSMAN

Time Unlimited Limited

Nature of job Flexible Rigid in adapting to changes

Decision-making Makes own decisions Follows decisions made by others

Effort and commitment Continuous Low

Risk-taking Moderate Low

Goal Maximizes self-potential by utilizing available opportunities.

Solely for profit maximization