entrepreneurial theory

Entrepreneurial theory explores how individuals recognize opportunities, take risks, and innovate to create new businesses or improve existing ones. It emphasizes traits like creativity, decision-making skills, and resilience, highlighting how entrepreneurs identify market gaps and develop solutions. The theory also considers external factors such as economic conditions and societal needs that influence entrepreneurial activities. Overall, it provides a framework for understanding what drives entrepreneurial behavior and how entrepreneurs turn ideas into successful ventures that contribute to economic growth and innovation.