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The word entrepreneur has been derived from the French word which
means to undertake Was originally meant to designate an organizer of
musical or other entertainments.
According to oxford English dictionary in 1897 was defined as the director
or manger of public musical institution who gets entertainment in the form
of musical performance.
16th century: In 16th century it was applied to those who were engaged in
military expeditions.
17th century: In 17th century it was extended to cover civil engineering
activities such as construction and fortification.
18th century: In the beginning of the 18th century the word was used for
economic aspects. In the way the evolution of the concept of entrepreneur
can be considered to be over more than four centuries.
1.Lack of capital.
2.Lack of technical knowledge.
3.Economic business cycles.
4.Non availability of raw materials and resources.
5.Government regulations.
6. Entry of foreign goods and globalization.
7.Risk.
8.Unstable and unpredictable markets.
9. Obsolence of technology and idea.
Point
Intrapreneur
Entrepreneur
Manager
Delegates and
supervises than
direct involvement
2.status
Not concerned
about traditional
status, but wants
recognition
concerned about
traditional status
3. Risk
4. Rewards
5. Innovation
Innovative
Very Innovative
Need not to be
Innovative
6. Decision making
Moderate , limited
to his work
Not concerned
about traditional
status
Entrepreneurship
Also induces backward and forward linkages which stimulate the process
of economic development