FUNCTIONS OF ENTREPRENEUR 1). Innovation: Entrepreneurs play a vital role in driving innovation and value in the marketplace. The entrepreneur is responsible for testing markets, inventing new markets and uncovering demands within individual markets. The entrepreneur dynamic is fueled by creativity, competition and the motivation to succeed within a society. 2). Risk taking: Risk-taking is the most important function of an entrepreneur. He has to pay to all the other factors of production in advance. There are chances that he may be rewarded with a handsome profit or he may suffer a heavy loss. Therefore, the risk-bearing is the final responsibility of an entrepreneur. 3). Organizing function of an entrepreneur: This refers to bringing together the men, material, machine, money, etc. to execute the plans. The entrepreneur assembles and organizes the abovementi