ENTREPRENEURSHIP AND UNDERSTANDING OF BUSINESS

Abstract

Entrepreneurship is a dynamic and multifaceted field that plays a pivotal role in shaping the business landscape. This scientific article explores the intricate relationship between entrepreneurship and the fundamental understanding of business. We delve into the core concepts and principles that underpin entrepreneurship, such as opportunity recognition, innovation, risk management, and value creation. Additionally, we discuss the significance of an entrepreneurial mindset in contemporary business environments, emphasizing its impact on business success and economic growth. Through a comprehensive review of existing literature, this article aims to provide insights into the synergy between entrepreneurship and the broader understanding of business.