Primary Function of Entrepreneur as Innovation
CMAT 2024 · Innovation & Entrepreneurship · Medium · Innovation and Entrepreneurship
The primary function of a new age entrepreneur is innovation. This statement was/is proposed and propagated by :
- A.
Henri Fayol
- B.
Steve Jobs
- C.
Schumpeter
- D.
Elon Musk
Answer
C
Explanation
Joseph Schumpeter emphasized the role of innovation as the primary function of an entrepreneur through his concept of "creative destruction," where new innovations disrupt existing markets and drive economic growth.
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