Explain the role of entrepreneur as described by Peter Drucker.
EconomicsClass 8CBSEAnswered 23 Jun 2026
Answer
According to Peter Drucker, an entrepreneur:
- Searches for changes
- Responds to changes
- Exploits the change as opportunity
So entrepreneurship can be defined as a systematic innovation which consists of the purposeful and organized search for changes and in the systematic analysis of the opportunities such changes might offer economic and social innovation.
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