How Do Organizations Create Value? What Is The Role Of Entrepreneurship In This Process?


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Mahmuda Rahman Profile
Mahmuda Rahman answered
Entrepreneurship is about
creating a successful new business with resources that you already have.
Successful entrepreneurs, through their imagination, energy, talent, knowledge,
contacts, and activities, create new wealth (value) in societies. They do this in two ways. By reducing or eliminating existing inefficiencies in markets and firms or by bringing new products and problem-solutions to people. When people create new businesses or firms to exploit inefficiencies or create and sell new and innovative products we call them entrepreneurs and their activities entrepreneurial.

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