Culture of modern entrepreneur in world scenario

Entrepreneur is a person who undertakes and operates a new business venture, and assumes some accountability for its inherent risks. Being in business or being an entrepreneur is about taking risks and confronting challenges while creating wealth and furthering innovation and economic growth. Being an entrepreneur is associated with starting a business, but this is a very loose application of a term that has a rich history and a much more significant meaning. In French, that refers to someone who undertakes, not an undertaker in the sense of a funeral director, but someone who undertakes a significant project or activity. More specifically, it came to be used to identify the venturesome individuals who stimulated economic progress by finding new and better ways of doing things. Entrepreneurs convert an opportunity through creativity and innovation into a profitable venture by efficiently utilizing existing or new resources. Many big entrepreneurs in world were those who were driven by an untiring passion. A business leader knows individual strengths and passions that drive them and then exploit them in a manner that benefit both employees and the organization. Entrepreneurs create value. In 2001, the Harvard Economist and Academic, Richard E Caves, made the following observation: “The preferences or tastes of creative artists differ in substantial and systematic ways from their counterpart in the rest of economy their creativity plays a lesser role.”