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What is Entrepreneurship and Entrepreneurial Management?
Entrepreneurship is the process of creating, designing and running a business from the scratch and hoping to take to the pinnacle of success after facing a lot of risks and clearing a lot of obstacles. If we define in layman terms then we can say that people who are using innovative ideas to start small businesses are known as entrepreneurs.
There can be various type of entrepreneurs such as institutional, cultural, social, feminist, project-based, millennial, nascent and ethnic entrepreneurs. There are various kinds of entrepreneurial behaviors as well and they can also be classified into various types such as in uncertainty perception and risk-taking, coachability and advice taking, entrepreneurial strategies, designing individual, opportunity perception and biases, innovative styles and communication entrepreneurship behavior.
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