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Advance Entrep Assignment 1

The document contains an assignment submission for a marketing management course. It includes the student's name, course details, and date. The assignment addresses entrepreneurship by defining it as creating and managing a business to profit from uncertainties. Entrepreneurs are described as innovators who bring new ideas to market. A key difference between entrepreneurs and businessmen is that entrepreneurs forge their own path with original ideas, while businessmen follow paths created by others.

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Joshua H. Rojas
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51 views

Advance Entrep Assignment 1

The document contains an assignment submission for a marketing management course. It includes the student's name, course details, and date. The assignment addresses entrepreneurship by defining it as creating and managing a business to profit from uncertainties. Entrepreneurs are described as innovators who bring new ideas to market. A key difference between entrepreneurs and businessmen is that entrepreneurs forge their own path with original ideas, while businessmen follow paths created by others.

Uploaded by

Joshua H. Rojas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: Joshua H.

Rojas

Subject: Advance Entrepreneurship

Cn: 2341

Course: BSBA Marketing Management

Date: February 01, 2023

Assignment 1

1. What is Entrepreneurship?
Entrepreneurship is the ability and willingness to create, organize, and manage a
business enterprise, including all of its uncertainties, in order to profit. The most
visible manifestation of entrepreneurship is the establishment of new businesses.
2. What is Entrepreneur?
An entrepreneur is defined as someone who has the ability and desire to
establish, manage, and succeed in a startup venture with the risk of profit.
Entrepreneurs are frequently referred to as a source of new ideas or innovators,
and they bring new ideas to the market by replacing old with new inventions.
3. What is the difference between an Entrepreneur and Businessman?
A businessman follows a predetermined path carved by someone else with an
unoriginal idea, whereas an entrepreneur believes in forging his own path with
new ideas.
An entrepreneur has the potential to become a businessman in the future.
However, there is a fine line between a businessman and an entrepreneur. A
businessman is a market participant, whereas an entrepreneur is a market
leader.
A businessman is someone who operates or starts a business with the same old
business idea, whereas an entrepreneur is someone who has a unique idea to
initiate and establish a new venture and make a difference in the world.

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