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Essay on compare and contrast Entrepreneurship and Innovation

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Essay on compare and contrast entrepreneurship and Innovation.Comparison of detriments of entrepreneurship and innovation....

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Essay on compare and contrast entrepreneurship and Innovation.Comparison of detriments of entrepreneurship and innovation.

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Entrepreneurship and Innovation are the two interrelated words used in the business world. Although, both of these words have almost the same idea, using them interchangeably would make a big mistake. Entrepreneurship refers to the process of coming up with new ideas of the business opportunities by taking the risk. Entrepreneurs do not restrict themselves to a single kind of innovation, rather they search for the innovative sources. The entrepreneur plays a significant role in creating wealth at the local and national level by proving employment to the people and helping the government through taxation. The new product introduced by the entrepreneur adds values to the life of people living in society. Innovation means the introduction of something new such as new product, idea, model, and process.

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