The word ''Entrepreneurship'' originates from the French word "ENTREPRENDRE" which means tendency to take risks.
Industry refers to starting a business or setting up a business.
There are different definitions of industry in management theory, they are -
(i) The act of starting an entire business without working as a salaried employee under an establishment is called industrialization.
(ii) The process of starting a business with an innovative idea and consequently running the business profitably is called industrialization.
Examples of profitable business from some recent innovations -
(i) On-line shopping is an innovative concept that makes it possible to make a business worth several thousand crores every year. Various marketing companies such as Flipkart, Amazon, Eber, Snapdeal, etc. have made a significant impact in the life of the citizens.
(ii) Sites such as OLX, Quicker, etc., which are used by an individual but currently sell unnecessary items, have also attracted a large number of buyers. Through this the used goods are reaching the buyer at a much lower price.
(iii) Cartrade, carwale national sites for pre-owned cars or used car bricks are also becoming popular day by day. These are just some of the goal setting shareware that you can use. That idea was not there before but is there now.
