"Entrepreneurship is not a mysterious gift or charm and something that happens by chance! It is step by step and a purposeful activity". Identify the characteristic of entrepreneurship highlighted in the aforesaid statement.

Systematic activity

The correct answer is Option (4) → Systematic activity

Systematic Activity: Entrepreneurship is not a mysterious gift or  charm and something that happens by chance! It is a systematic, step-by step and purposeful activity. It has certain temperamental, skill and other knowledge and competency requirements that can be acquired, learnt and developed, both by formal educational and vocational training as well as by observation and work experience. Such an understanding of the process of entrepreneurship is crucial for dispelling the myth that entrepreneurs are born rather than made.