Handbook of Entrepreneurship, Innovation and Internationalization

Entrepreneurship refers to an act of creating a business and extracting economic value from it. It involves taking risks in an expectation of gaining profit from it. Innovation is a significant requirement in entrepreneurship for creating a sustainable business and gaining a competitive advantage. It plays a vital role in entrepreneurship whether in an existing business, a new venture or a government institution. Innovation can bring new concepts, strategies and approaches to a business. In...