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What is Entrepreneurship?
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What is entrepreneurship? Who is an entrepreneur? Is entrepreneurship for you?

Answering these basic, predictable questions can be very tough. For there is no one right answer.

In this series, we attempt to answer some of the frequently asked questions on entrepreneurship.

Is entrepreneurship about building an enterprise?

Biocon Chief Kiran Mazumdar Shaw finds the word 'entrepreneurship' intimidating, but the meaning quite simple. "Don't get lost in the jargon. Entrepreneurship is nothing but building your own business. It's about creating a job for oneself. Entrepreneurship is about pursuing a simple effective opportunity," she feels.

Is entrepreneurship the ability to convert a new idea into a business? Is it associated with innovation and job creation?

Infosys Technologies Co-Chairman Nandan Nilekani thinks entrepreneurship is about creating organizations and jobs for oneself and others.

Captain Gopinath, Executive Chairman of Deccan Aviation and father of low cost air travel in India explains entrepreneurship as an implementation of a new business idea that makes a difference in the existing environment.

Are entrepreneurs born or made?

Symphony Technology Group's Chief Executive Officer Romesh Wadhwani feels only 10 per cent of entrepreneurs are born, the rest are made. "Reliance head Mukesh Ambani was a born entrepreneur, but Wipro head Azim Premji is a transformed entrepreneur. Entrepreneurship is a mindset which is driven by one's need for achievement, problem solving and freedom," he says.

Entrepreneurship is a mindset

MBAUniverse.com Entrepreneurship channel has been created with expert inputs from National Entrepreneurship Network (NEN). NEN is a not-for-profit initiative of the Wadhwani Foundation working to inspire, educate and support the younger generation of entrepreneurs. The organization was co-founded in 2002 by leading Indian institutes, including IITBombay, IIM-Ahmedabad, BITS Pilani, SP Jain and IBAB. Visit NEN at www.NENOnline.org.






 
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