1. While discussing various definitions of the word entrepreneurship, author R. D. Hisrich described the fact that in recent years the definition and application of this term have been significantly expanded. Going beyond the notion of creatively constructing a new business enterprise, entrepreneurship today is often an expected and necessary component of existing businesses who seek to continue to evolve and transform in a manner that allows them to remain competitive. What challenges and opportunities do you see for organization or business that attempts to infuse an entrepreneurial spirit or entrepreneurial practices within their existing business?

2. In the readings for this module you explored definitions of the word innovation and the role of innovation and its importance in modern organizations or businesses. For this discussion question, define innovation in your own words, describe its importance to the modern organization or business, and explain why innovation may be difficult in some systems to consistently achieve.

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1 An entrepreneurial spirit is basically an approach and attitude to thinking which seeks out change instead of waiting to incorporate or adapt to change Hoque 2014 It is about having a mindset that e... View the full answer