The process of designing, launching and operating a new business is referred to as Entrepreneurship. It has been described as: the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. An entrepreneurship degree employs concepts from Finance, Management, Marketing and Mathematics. The primary focus of it is to generate maximum profit using as few resources as possible.
An Entrepreneur is a unit which has the ability to find and act upon the opportunities to translate inventions or technology into new products. They’re able to recognize the commercial potential of the invention and organize the capital, talent and other resources that turn an invention into a commercially viable transformation or innovation.
For an Entrepreneurship degree, Business Schools require you to give GMAT, which forms the most important part of your application. Few universities also accept GRE scores in place of GMAT scores. A Masters in Entrepreneurship and Innovation usually requires a minimum 2-3 years of work experience (depending on the program you intend to join). IELTS or TOEFL is compulsory for acquiring a student visa and as a proof of English proficiency.
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