Question

What Does Innovative Entrepreneurship means to you ?

Answer 1

In general an innovative entrepreneur is a person who discovers totelly new things like innovative products and services. This type of entrepreneurship can be termed as innovative entrepreneurship.

According to me entrepreneur can be termed as innovative if -

• He can bring an idea, which have the capacity to solve a very common problem but in a very different way as the other entrepreneurs are approaching it or trying to solve the problem.
• He doesn't take any problem as a problem but considers it as an opportunity.
• He can create something from nothing.
• He walks with the technology and believes in research and development.
• He is clear of what he want, and than thinks about how to achieve.

Along with the above mentioned points and some others we get an innovative entrepreneur and if he brings his thought in his real life and starts some business, that is what we can call as innovative entrepreneurship.

Innovation may be in any field of production or business from searching a new type of row materials to innovating new product or innovating the production process or the setup. In business innovative entrepreneurship may be bringing a totally new idea to solve a simple problem like that of online shopping and Cab services which solved a simple daily life problem or improving the existing services.