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Entrepreneurship refers to the capacity and readiness to plan, set up and manage a business venture, including all of its potential risks, for making a profit. It is broadly categorized into four types, namely, scalable startups, social entrepreneurship, small businesses, and large companies or intrapreneurship. Some of the important entrepreneurial qualities are innovativeness, passion, ethics, risk taking, ability to lead and perseverance. Entrepreneurship involves identifying patterns, especially when those patterns point to a business opportunity. Setting precise goals for the new business venture is a part of entrepreneurial management. It involves applying entrepreneurial knowledge to improve the efficiency of small and medium-sized firms as well as new company ventures, which are part of the entrepreneurship ecosystem. This book covers in detail some existent theories and innovative concepts revolving around entrepreneurship. For all those who are interested in entrepreneurship, it can prove to be an essential guide.
The administration of a business organization is known as business management. It involves the setting of strategies of the organization as well as coordinating the efforts of its employees for the successful accomplishment of its objectives. The management of most large organizations is divided into three levels, which are arranged in a hierarchal, pyramidal structure. These levels consist of senior managers, middle managers and lower managers. The board of directors and the CEO generally constitute the senior managers. The middle managers are the branch managers and regional managers. Lower managers include the team leaders and supervisors who oversee the work of regular employees. This book elucidates the concepts and innovative models around prospective developments with respect to business management. Most of the topics introduced in this book cover new techniques and the applications of this field. It aims to serve as a resource guide for students and experts alike and contribute to the growth of the discipline.
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