Entrepreneurship is a concept that has been defined in various ways by different authors and economists. It is the mental propensity to take calculated risks with confidence to achieve a predetermined business or industrial objective. This indicates the individual's ability to take risks, along with making the right decisions. It is a multidimensional task that involves designing, launching and managing a new company, which is often similar to a small business, or the ability and willingness to develop, organize and manage a commercial enterprise together with any of its risks to obtain benefits. The French economist Jean-Baptiste Say, from the early 19th century, provided a broad definition of entrepreneurship, saying that it displaces economic resources from an area of low productivity to an area of higher productivity and higher performance.
Later, Joseph Schumpeter emphasized the innovation process that the entrepreneur must carry out. He stated that the pace of development depends only on new changes and improvements and on their application in the business.Harvard Business School has developed a definition that is now generally accepted by authors: “Entrepreneurship is the process of creating or taking advantage of an opportunity and taking advantage of it regardless of the resources currently controlled.”Not all entrepreneurs are successful; there are certain characteristics that make entrepreneurship successful. Some scholars have created an operational definition of a more specific subcategory called Strategic Entrepreneurship.
