Question:
The primary function of a new age entrepreneur is innovation. This statement was/is proposed and propagated by:
The primary function of a new age entrepreneur is innovation. This statement was/is proposed and propagated by:
Updated On: Dec 31, 2024
- Henri Fayol
- Steve Jobs
- Schumpeter
- Elon Musk
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The Correct Option is C
Solution and Explanation
Joseph Schumpeter, an influential economist, emphasized the role of innovation in entrepreneur ship. He described entrepreneurs as agents of ”creative destruction,” where they disrupt tra ditional business practices by introducing new products, services, or methods of production, ultimately driving economic growth and development.
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