Narrow vs. Broad approach

There are two distinct views of Entrepreneurship.

• Broad approach which views entrepreneurship as a basic approach to life. In this approach we chase our benefits in life and takes opportunities that can make us more successful.
• Narrow approach links entrepreneurship solely to business development. In this approach we identify opportunities in the business world, define strategy to pursue them, assemble necessary resources and finally take an action to implement the strategy and develop the opportunity.