Business is a major role within our society today it exist all around us, over the generations business has become more creative and competitive this therefore
Also shapes our community. As a business we try to satisfy the need of customers but customers cannot satisfy there own needs therefore making business
creative and competitive in every aspect.
Business is a way for individuals to provide goods or a service to consumers and at the same time produce a profit for themselves.
During the course of this essay I will be describing key points/ facts and also offering my opinion.
One of the first aspects I will be focusing is the definitions of Innovation, Entrepreneurship, Intrapreneurship and a business life cycle.
-Innovation
Innovation is thinking creative thinking as well as creative construction, thinking of new and exciting products or service alter existing products to introduce
something new, From A KEMP I learnt there is no such thing as a real idea and I my opinion that is true for example bottled water was the first idea and now in
Every store we walk into with bottled water there is flavored bottled water right beside it and this is just a idea being innovated to meet customer
Satisfaction and have a variable other than just plain water.
-Entrepreneurship
Entrepreneurship is a person who organizes, operates and assumes the risks in the business venture this also deals with outward thinking, dealing with innovation
-Intrapreneuship
People creating ideas within a business/organization
-Business Life Cycle
Below I have listed the business life cycle along with the reference ...