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Abstract

We all know that entrepreneurship is a concerted effort at attempting to assemble resources including innovations, finance and business acumen in an effort to transform opportunities into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new business. However, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. Entrepreneurship ranges in scale from solo projects to major undertakings creating many job opportunities. Many kinds of organizations now exist to support would-be entrepreneurs, including specialized government agencies, business incubators, science parks, and some NGOs. Lately more comprehensiveapproaches to entrepreneurship as a specific mindset have emerged resulting in entrepreneurial initiatives in the form of social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship. Social entrepreneurship is not merely an extension of Corporate Social Responsibility (CSR) as some people would want us to believe, rather, it is a conscious effort to contribute to a Social cause and the business enterprise is merely a medium for achieving the end results.

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