Topic > Essay on Definition of Entrepreneurship - 1560

Women are evaluating the importance of the economic contribution they make to the family. The actual number of economically active married women is much more than aggregate-level data would indicate. The big change occurred when the machines were put into use. Women were employed in factories. 1.4 Meaning and definitions of entrepreneurship Different definitions given by different authors have been tried. Some of the definitions are provided below. According to Ponstadt (1998) entrepreneurship is the dynamic process of incremental wealth creation. This wealth is created by individuals who take the greatest risk of equity, time and/or career commitments in providing value for some product or service. The product or service may/may not be new or unique but the value must be instilled by the entrepreneur by ensuring and allocating the necessary skills and resources. Furthermore, Timmons (1989) defined it such that: Entrepreneurship is the process of creating and building something of value from virtually nothing. That is, it is the process of creating or seizing an opportunity and pursuing it regardless of the resources currently controlled. It involves the definition, creation and distribution of values ​​and benefits to individuals, groups, organizations and societies. Entrepreneurship is very rarely a get-rich-quick (not short-term) proposition; rather, it is about creating long-term value and durable cash flows. 1.5 Women's entrepreneurship Women's productive activities, especially in industry, give them economic power and motivate them to contribute to the overall development of the economy. Whether they work in the formal or informal sector or in a small or medium sector... half of the paper ......methodThe target audience of this study were very small, small and medium enterprises run by women in the NCR . Convenience sampling was used to identify women-owned businesses to participate in this study. To create a list of women-owned businesses, renowned women-owned businesses in these regions were contacted. These women informed and identified other potential women-owned businesses to include in the sample. Businesses run by women were then contacted to participate in the study. As a result of these efforts, a list of 30 women-owned businesses willing to participate in the study in the NCR was compiled. Data Collection Questionnaires were hand-delivered to women-owned businesses listed in the database. Primary Data: Collected from personal interviews and questionnaires Secondary Data- Collected from Various Newspapers Magazines Journals