Masrenny Masri | The Essence of Entrepreneurship

In the last few decades, the world is increasingly recognizing the need for Entrepreneurship. Now, it is too late to debate the importance of it. Unquestionably entrepreneurship is one of the crucial questions of the time from individual to the global level. From many definitions given to the term, I picked the following from Hisrich for this article. Entrepreneurship is a process is creating something with value by devoting the necessary time and effort assuming the accompanying financial, physiological and social risks, and receiving the resulting rewards of monetary and personal satisfaction In general, it is a process of producing and selling creative answers in a form of a product or service for the question deep in peoples’ hearts even if they do not know they have that question. Let us look at some of the terms included in almost all the definitions: Opportunity Seeking: Looking to achieve desired future, which is dependent on the person, the environment, access to resourc...