Origin – Innovation
Entrepreneurial activity, or entrepreneurship, began to attract the attention of economists in the eighteenth century. The development of the process of scientific understanding of entrepreneurship took place in several stages.
Josef Schumpeter‘s theory of entrepreneurship (1934) seems to be the most suitable, according to which entrepreneurial activity is the ability to promote innovation on the market through risky business, which is a constant source of competitive economic restructuring and economic growth.
In contrast to the invention, innovation means not only and not so much the original idea of a new product or process, as the transformation of the idea into an innovation suitable for commercial implementation.
The driving force of the entrepreneur are his needs, interests and incentives.