Entrepreneurship can be defined as a “new entry” (i.e., what entrepreneurship consists of), which could be achieved either by entering a new market or by venturing into previously established markets by means of existing or new goods or services, while the term entrepreneurial orientation (EO) could be defined as processing, practicing, and decision making actions that lead to such new entries.

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In any developing economy, the role of entrepreneurial activities in achieving sustainable economic growth and development cannot be over-emphasized. Entrepreneurship promotes rapid economic growth and also minimizes the rate of unemployment in any country. Entrepreneurship can be said to be any effort at producing new business such as self-employment, creating new business or the extension of existing business by an individual, or group of people. Entrepreneurship is as a result of complex balancing of prospect initiatives, risks and rewards. It can be viewed as a process by which individuals look for opportunities, enjoyable needs and wants through innovations, without regard to the resources they currently control. Through the practice of entrepreneurship, it is possible to maintain the scope of capital formation, job establishment and aid industrialization in a country. On the other hand, an entrepreneur is a person who hunts for change, responds to it and exploits it as an opportunity.
Therefore, Entrepreneurship has become an everyday buzzword. Policymakers, economists, academics and even university students are talking about it. Entrepreneurship has a significant role in the economic advancement and economic changes of all countries. Venture creation is, therefore, a play an important source of employment in many countries. Thus, entrepreneurship has an important position in the global fast changing socioeconomic environment. Entrepreneurship is the process of venture creation and entrepreneurship intention is crucial in this process. Entrepreneurship intention identifies the link between ideas and action which is critical for understanding the entrepreneurial process intention captures the degree to which people show their motivation and willingness to execute the desired behavior.
The field of entrepreneurship has been increasingly considered as a significant generator of economic growth, innovation and creation of jobs. Entrepreneurial carriers are becoming an area of more concerns by governments, students and the universities. Despite the fact, the creation of a new venture or entrepreneurship is regarded as a voluntary process with conscious intention. This implies that governments and universities must work together to support students in developing entrepreneurial career intentions through financial or entrepreneurial education. This issue happened due to the lack of opportunities available in competitive market and job environment with total job opportunities are unfortunately limited. Hence, entrepreneurship is the best alternative solutions to reduce dependency of graduates’ students on being employed.
ENTREPRENEURSHIP
Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
In every society, entrepreneur is known to be a business front-runner and not just owner of capital. Such person is often driven with telescopic faculty, energy and ability that see business prospects and immediately explore them for opportunity.
ENTREPRENEURSHIP ORIENTATION
Entrepreneurial orientation is a tendency of businesses to act autonomously and innovative, take risks and is taking proactive initiatives to potential market conditions. Entrepreneurial orientation (EO) is overall strategic posture toward entrepreneurship is emerging as a predominant concept in management science. As knowledge in the area of entrepreneurial orientation has expanded, researchers have become interested in issues related to the evolution, potential contributions, and future trajectory of entrepreneurial orientation research.
Entrepreneurial orientation is the willingness of a person to create new venture, and it involves methods, processes, practices and decision-making styles. Entrepreneurial orientation must be enhanced to facilitate the pace of entrepreneurship. There are three traits of entrepreneurial orientation; 1) Innovativeness: predisposition toward creative experimentations via breakthrough or novel operational methods. Pro-activeness: nimble movement seeking new opportunities in anticipation of future demand before competition arise, and lastly, Risk-taking: taking bold actions to attempt at new and unconventional avenue to uncertainty.
Entrepreneurial orientation can also be said to be a firm’s-level strategic orientation which captures an organization's strategy-making practices, managerial philosophies, and firm behaviors that are entrepreneurial in nature. The essence of entrepreneurial orientation depends on how entrepreneurs implement entrepreneurship in the course of realizing their career ambition. On the other hand, entrepreneurship focuses on new entry. New entry can be accomplished by entering either into new or established markets with new or existing goods or services.
Entrepreneurial orientation consists of five dimensions: (1) autonomy, (2) competitive aggressiveness, (3) innovativeness, (4) pro-activeness, and (5) risk taking.

THE NEED FOR ENTREPRENEURSHIP ORIENTATION
Under the rapid change of economic circumstance, there is a great demand for promoting entrepreneurship of young people all around the world. Because of this reason, countries have devoted to introducing and enhancing entrepreneurship education for all university students as a part of general education or compulsory course, regardless of the major.
Entrepreneurship education is beneficial to students, because it helps them develop career pathway by instigating entrepreneurial motivation. Learning influences entrepreneurial orientation of new small and medium sized venture firms. Entrepreneurial orientation has occupied a core part of entrepreneurship together with the concept of self-efficacy. Self-efficacy stemmed from social cognitive theory which explains human behavior as a function of personal, behavioral and environmental determinants.
The significance of Entrepreneurship Orientation lies in its potential to help the firm’s top management to delineate the purpose of the organization, sustain firm’s vision and formulate a way to achieve competitive advantage over competitors. Entrepreneurship is a global phenomenon and is increasingly regarded as an important activity to business firms. The spread of globalization has created a competitive business environment, which has affected the way entrepreneurs create and sustain their business operations and strategy. Entrepreneurial orientation has therefore been seen as a key driving force for a free market economy.
Entrepreneurial orientation is the process by which people or organizations discover and exploit new business opportunities which exist within a market, revitalize existing businesses, or introduce new products or processes. Entrepreneurial orientation (EO) is considered the important concept for a firm’s strategy making. Entrepreneurial orientation EO refers to the decision making styles, practices, process and behaviors that leads to ‘entry’ into new or established markets with new or existing goods or services. It is used to explain the mind-set of firms involved in pursuing a new venture and provides a useful framework to investigate entrepreneurial activities and reflects how a firm operates rather than what it does.
CONCLUSION
As a conclusion, creating entrepreneurial graduates is in this way fundamental for our future achievement. Colleges and other advanced education foundations ought to be preferably put to open students to situations which cultivate entrepreneurial attitudes and the viability of the entrepreneurship programs are critical keys to deliver increasingly youthful business people in future. The program itself can teach our young age to be progressively beneficial in the wake of moving on from their examinations at college level. As opposed to getting to be unemployed, it is great to channel their inventiveness and vitality towards business which is currently turning into a profitable field in this world.