Read the informative paragraph below, research it thoroughly, write down your findings, analyze your findings, then after, write down your personal opinion.

Every business firm must have a vision that stimulates growth, matches risk-taking, and influences innovation by adapting to the changing global surrounding.

Entrepreneurship involves innovation. Innovation and entrepreneurship concepts have multiple meanings and can be explored by the simple definition of entrepreneurship given by Schumpeter who defines entrepreneurs as individuals that carry out new combinations.

A good idea is nothing more than a tool in the hands of an entrepreneur says Jeffry Timmons 1977. This shows that innovation, or as called earlier “the idea” is just the sparkle that triggers the processes of the entrepreneur in the making of and continuing the success of a business.

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Findings A business firm must have a vision that supports growth risktaking and innovation Entrepren... View the full answer