Entrepreneurship

1. Joseph Alois Schumpeter (1883 – 1950)
Schumpeter brief the entrepreneurship is an activity or process of commercializing the innovation by using the resources, organize talent and provide leadership.
2. Peter Drucker (1909-2005)
Drucker said entrepreneurship is like the role of entrepreneur where he finding, collecting, combining and using the available resources. In his own words, he said, “resources to produce result, must be allocated to opportunities rather than to problems”. In other words we can say that the available resources should be use effectively and efficiently in producing goods toward opportunity. He adds, the entrepreneurship occur when the using of resources lead to progressive opportunities.
3. Robert Ronstadt
Ronstadt said the entrepreneurship is a way to accumulate wealth. To accumulate wealth, individuals face an uncertain risk in term of equity, time and career commitment in producing and commercializing goods and services. In producing and commercializing goods and services, entrepreneur should use necessary skills and resources so that the output has a high value and quality.