Entreprenurship Definition Essay

Women are weighing the importance of economic contribution they make to the household. The actual count of economically active married women is much more than aggregate level data would indicate.

The great change had taken place when the machines were brought into use. Women were employed in factories.

1.4 Meaning and definitions of entrepreneurship

There were different definitions given by different authors tried. Some of the definitions are given below.

According to Ponstadt (1998)

Entrepreneurship is the dynamic process of creating incremental wealth. This wealth is created by individuals who assume the major risks in terms of equity, time and/or career commitments of providing values for some product or service. The product or service may/may not be new or unique but value must be infused by the entrepreneur by securing and allocating the necessary skills and resources.

Furthermore, Timmons (1989) defined it in such a way that:

Entrepreneurship is the process of creating and building something of value from practically nothing. That is, it is the process of creating or seizing an opportunity and pursuing it regardless of the resources currently controlled. It involves the definition, creation and distribution of values and benefits to individuals, groups, organizations and society. Entrepreneurship is very rarely a get rich-quick proposition (not short term); rather it is one of building long term value and durable cash flow streams.

1.5 Women Entrepreneurship

Women’s productive activities especially in industry empower them economically and motivate them to contribute to overall development of economy. Whether they are working in formal or informal sector or in small or med...

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...ethod

The target people of this study was very small, small and medium-sized women-owned businesses in NCR. A convenient sample was used, to identify women-owned businesses to participate in this study. To create a list of women-owned businesses, well-known women-owned businesses in these regions were contacted. These women informed and identified other potential women-owned businesses to include in the sample. The women-owned businesses were then contacted to participate in the study. A list of 30 women-owned businesses willing to participate in the study in the NCR was compiled as a result of these efforts.

Data collection

Questionnaires were delivered by hand to the women-owned businesses listed on the database.

Primary data-

Collected from personal interviews and the questionnaires

Secondary data-

Collected from

Various newspapers

Journals

Magazines