Glossary – Unit 1: Introduction to Entrepreneurship

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This glossary contains essential terms and definitions introduced in Unit 1: Introduction to Entrepreneurship.

🧠 Use it to:

  • Understand key entrepreneurial vocabulary

  • Reinforce your learning of concepts like creativity, innovation, risk-taking, and the historical evolution of entrepreneurship

  • Prepare for quizzes and assignments

Browse the glossary using this index

Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL

C

Creativity

  • The ability to generate novel and valuable ideas.

E

Economic Role of Entrepreneurship

job creation, wealth generation, and economic development.

Entrepreneurship

The process of designing, launching, and running a new business, typically with considerable risk and innovation.

Environmental Entrepreneurship

Business activities that contribute to environmental sustainability.

G

GEM

(Global Entrepreneurship Monitor) – An international research project studying entrepreneurship worldwide.

I

Innovation

The process of transforming an idea or invention into a good or service that creates value.

R

Risk-taking

The willingness to engage in ventures with uncertain outcomes.

S

Social Entrepreneurship

Entrepreneurship aimed at solving social problems and needs.