However, as a basic entrepreneurship definition, it’s a bit limiting. With this definition, entrepreneurship is viewed as change, which may include other values than simply economic ones. Entrepreneurship is the process by which individuals or a group of individuals (entrepreneurs) exploit a commercial opportunity, either by bringing a new product or process to the market, or by substantially improving an existing good, service, or method of production. The entrepreneur is … entrepreneurship. The most obvious example of entrepreneurship is the starting of new businesses.

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Entrepreneurship is the creation or extraction of value. An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, by building an organization to support those sales.
Entrepreneurship is now a popular college major, with a focus on studying new venture creation. The more modern entrepreneurship definition is also about transforming the world by solving big problems. Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit. The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.