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Because the world of social entrepreneurship is relatively new, existing now for over a few decades, there are challenges facing those who delve into the field. First, social entrepreneurs are trying to predict, address and creatively respond to future problems [ 34 ] and often face difficulties in identifying the right problems to solve. [ 35 ]
Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship.
Entrepreneurial leadership is (as per Roebuck's definition) "organizing a group of people to achieve a common goal using proactive entrepreneurial behavior by optimising risk, innovating to take advantage of opportunities, taking personal responsibility and managing change within a dynamic environment for the benefit of [an] organisation".
A feminist entrepreneur is an individual who applies feminist values and approaches through entrepreneurship, with the goal of improving the quality of life and well-being of girls and women. [74] Many are doing so by creating "for women, by women" enterprises.
Work-life balance– The owner of a lifestyle business typically seeks to maintain a healthy work-life balance, and may prioritize flexibility and time off over rapid growth or expansion. Low overhead costs– Because lifestyle businesses are often small and owner-operated and may be run from home or a small office.
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. [1] [2] While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. [3]
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An institution is related to collective mindset; an entrepreneurial mindset refers to a person who "values uncertainty in the marketplace and seeks to continuously identify opportunities with the potential to lead to important innovations". [26] An institution with an entrepreneurial philosophy will have entrepreneurial goals and strategies.