Entrepreneurship Theory

Entrepreneurship Theory explores how and why individuals create new businesses. It examines the mindset, motivations, and actions of entrepreneurs, highlighting factors like innovation, risk-taking, and market needs. The theory considers the environment that fosters entrepreneurship, including economic, social, and cultural influences. Different models explain how entrepreneurs identify opportunities, gather resources, and manage challenges. Ultimately, Entrepreneurship Theory aims to understand the processes that lead to successful business creation and growth, contributing to economic development and job creation in society.